Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Cash Flows

v3.25.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Aug. 02, 2025
Aug. 03, 2024
Operating activities    
Net income $ 565,927 $ 565,669
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 143,198 130,053
Non-cash lease expense 183,528 163,481
Deferred income taxes 2,232 2,540
Stock-based compensation expense 20,338 19,272
Loss on disposal of property and equipment 4,689 5,204
Equity net loss of affiliate 1,225  
Change in operating assets and liabilities:    
Receivables (198) 7,076
Merchandise inventories (366,091) (256,150)
Prepaid expenses and other current assets (21,657) (16,425)
Income taxes (70,406) (60,666)
Accounts payable 98,115 29,715
Accrued liabilities (3,881) (33,634)
Deferred revenue (44,418) (41,604)
Operating lease liabilities (180,316) (170,779)
Other assets and liabilities (15,742) 15,127
Net cash provided by operating activities 316,543 358,879
Investing activities    
Capital expenditures (155,988) (186,301)
Acquisitions, net of cash acquired (386,793)  
Other investments (17,130) (5,091)
Net cash used in investing activities (559,911) (191,392)
Financing activities    
Borrowings from credit facility 593,641  
Payments on credit facility (333,100)  
Repurchase of common shares (479,242) (501,768)
Stock options exercised 14,851 9,196
Purchase of treasury shares (13,238) (23,459)
Debt issuance costs   (4,088)
Net cash used in financing activities (217,088) (520,119)
Net decrease in cash and cash equivalents (460,456) (352,632)
Cash and cash equivalents at beginning of period 703,201 766,594
Cash and cash equivalents at end of period 242,745 413,962
Supplemental information    
Income taxes paid, net of refunds 252,013 233,249
Non-cash investing and financing activities:    
Non-cash capital expenditures 62,621 $ 54,075
Repurchase of common shares in accrued liabilities $ 3,998