Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.21.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
May 01, 2021
May 02, 2020
Operating activities    
Net income (loss) $ 230,289 $ (78,509)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 70,599 76,626
Non-cash lease expense 68,881 70,863
Long-lived asset impairment charge   19,542
Deferred income taxes 1,124 5,909
Stock-based compensation expense 8,978 6,182
Loss on disposal of property and equipment 1,089 1,521
Change in operating assets and liabilities:    
Receivables 38,767 50,646
Merchandise inventories (185,350) (46,865)
Prepaid expenses and other current assets (991) 6,526
Income taxes 71,431 (32,595)
Accounts payable 76,580 46,965
Accrued liabilities 23,209 (63,927)
Deferred revenue (4,293) (21,205)
Operating lease liabilities (72,175) (68,976)
Other assets and liabilities 1,929 2,979
Net cash provided by (used in) operating activities 330,067 (24,318)
Investing activities    
Capital expenditures (34,563) (41,474)
Purchases of equity investments 0 (5,386)
Net cash used in investing activities (34,563) (46,860)
Financing activities    
Proceeds from long-term debt   800,000
Repurchase of common shares (392,309) (72,981)
Stock options exercised 5,032 250
Purchase of treasury shares (6,766) (3,002)
Debt issuance costs   (1,799)
Net cash provided by (used in) financing activities (394,043) 722,468
Effect of exchange rate changes on cash and cash equivalents (56) (75)
Net increase (decrease) in cash and cash equivalents (98,595) 651,215
Cash and cash equivalents at beginning of period 1,046,051 392,325
Cash and cash equivalents at end of period 947,456 1,043,540
Supplemental information    
Cash paid for interest 526 1,688
Income taxes paid, net of refunds 1,725 5,636
Non-cash capital expenditures $ 22,825 $ 23,119