Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.23.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jul. 29, 2023
Jul. 30, 2022
Operating activities    
Net income $ 647,153 $ 627,072
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 119,862 123,721
Non-cash lease expense 152,867 146,251
Deferred income taxes 666 336
Stock-based compensation expense 21,539 22,875
Loss on disposal of property and equipment 3,878 2,277
Change in operating assets and liabilities:    
Receivables 24,978 53,168
Merchandise inventories (212,088) (166,912)
Prepaid expenses and other current assets 19,722 (12,200)
Income taxes 8,194 (45,906)
Accounts payable (38,752) 40,051
Accrued liabilities (102,763) (49,364)
Deferred revenue (40,424) (37,008)
Operating lease liabilities (163,527) (163,302)
Other assets and liabilities (12,497) (392)
Net cash provided by operating activities 428,808 540,667
Investing activities    
Capital expenditures (204,748) (120,500)
Other investments (1,687) (1,249)
Net cash used in investing activities (206,435) (121,749)
Financing activities    
Repurchase of common shares (559,011) (434,448)
Stock options exercised 9,147 24,521
Purchase of treasury shares (21,759) (6,325)
Net cash used in financing activities (571,623) (416,252)
Net (decrease) increase in cash and cash equivalents (349,250) 2,666
Cash and cash equivalents at beginning of period 737,877 431,560
Cash and cash equivalents at end of period 388,627 434,226
Supplemental information    
Income taxes paid, net of refunds 189,166 246,641
Non-cash capital expenditures $ 51,860 $ 42,451