Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.23.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Apr. 29, 2023
Apr. 30, 2022
Operating activities    
Net income $ 347,051 $ 331,395
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 57,949 62,839
Non-cash lease expense 75,478 72,192
Deferred income taxes 2,144 1,009
Stock-based compensation expense 9,721 10,356
Loss on disposal of property and equipment 1,451 1,002
Change in operating assets and liabilities:    
Receivables 9,140 40,928
Merchandise inventories (147,784) (71,334)
Prepaid expenses and other current assets 22,232 (3,261)
Income taxes 97,003 101,236
Accounts payable 62,257 42,586
Accrued liabilities (98,515) (57,214)
Deferred revenue (37,460) (28,885)
Operating lease liabilities (78,562) (79,936)
Other assets and liabilities (17,204) 3,390
Net cash provided by operating activities 304,901 426,303
Investing activities    
Capital expenditures (109,766) (71,076)
Other investments (314) (797)
Net cash used in investing activities (110,080) (71,873)
Financing activities    
Repurchase of common shares (283,517) (132,834)
Stock options exercised 8,927 6,502
Purchase of treasury shares (21,659) (5,172)
Net cash used in financing activities (296,249) (131,504)
Net (decrease) increase in cash and cash equivalents (101,428) 222,926
Cash and cash equivalents at beginning of period 737,877 431,560
Cash and cash equivalents at end of period 636,449 654,486
Supplemental information    
Income taxes paid, net of refunds 2,818 3,357
Non-cash capital expenditures $ 29,634 $ 27,475