Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Cash Flows

v3.25.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Nov. 01, 2025
Nov. 02, 2024
Operating activities    
Net income $ 796,802 $ 807,848
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 218,985 197,075
Non-cash lease expense 260,632 235,950
Deferred income taxes (1,613) 5,808
Stock-based compensation expense 30,324 27,691
Loss on disposal of property and equipment 7,398 7,280
Equity net loss of affiliate 2,210  
Change in operating assets and liabilities:    
Receivables (13,138) (5,682)
Merchandise inventories (702,678) (623,050)
Prepaid expenses and other current assets (14,088) (19,916)
Income taxes (67,994) (69,818)
Accounts payable 123,911 54,210
Accrued liabilities 6,567 (45,777)
Deferred revenue (41,642) (31,551)
Operating lease liabilities (261,864) (250,267)
Other assets and liabilities (21,628) 12,240
Net cash provided by operating activities 322,184 302,041
Investing activities    
Capital expenditures (243,262) (300,536)
Acquisitions, net of cash acquired (386,793)  
Other investments (25,445) (6,108)
Net cash used in investing activities (655,500) (306,644)
Financing activities    
Borrowings from short-term debt 1,641,844 199,700
Payments on short-term debt (1,118,683)  
Repurchase of common shares (703,960) (765,384)
Stock options exercised 30,103 9,200
Purchase of treasury shares (13,505) (23,566)
Debt issuance costs (763) (4,159)
Net cash used in financing activities (164,964) (584,209)
Net decrease in cash and cash equivalents (498,280) (588,812)
Cash and cash equivalents at beginning of period 703,201 766,594
Cash and cash equivalents at end of period 204,921 177,782
Supplemental information    
Income taxes paid, net of refunds 326,360 316,790
Non-cash investing and financing activities:    
Non-cash capital expenditures 88,468 $ 47,431
Repurchase of common shares in accrued liabilities $ 3,999