Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Feb. 03, 2018
Jan. 28, 2017
Jan. 30, 2016
Operating activities      
Net income $ 555,234 $ 409,760 $ 320,008
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 252,713 210,295 165,049
Deferred income taxes (27,095) 26,971 5,809
Non-cash stock compensation charges 24,399 19,340 15,594
Excess tax benefits from stock-based compensation   (9,053) (9,497)
Loss on disposal of property and equipment 7,518 9,140 3,690
Change in operating assets and liabilities:      
Receivables (11,088) (23,639) (12,552)
Merchandise inventories (152,449) (182,182) (180,564)
Prepaid expenses and other current assets (10,045) (16,073) (6,000)
Income taxes 3,641 5,322 2,795
Accounts payable 66,240 63,344 5,396
Accrued liabilities 36,891 71,057 37,926
Deferred rent 41,725 44,402 27,662
Other assets and liabilities (8,318) 5,701 558
Net cash provided by operating activities 779,366 634,385 375,874
Investing activities      
Purchases of short-term investments (330,000) (90,000) (130,000)
Proceeds from short-term investments 240,000 190,000 150,209
Purchases of property and equipment (440,714) (373,447) (299,167)
Net cash used in investing activities (530,714) (273,447) (278,958)
Financing activities      
Repurchase of common shares (367,581) (344,275) (167,396)
Stock options exercised 16,190 16,293 19,646
Purchase of treasury shares (4,243) (2,839) (1,972)
Excess tax benefits from stock-based compensation   9,053 9,497
Debt issuance costs (583)    
Net cash used in financing activities (356,217) (321,768) (140,225)
Net increase (decrease) in cash and cash equivalents (107,565) 39,170 (43,309)
Cash and cash equivalents at beginning of year 385,010 345,840 389,149
Cash and cash equivalents at end of year 277,445 385,010 345,840
Supplemental cash flow information      
Cash paid for income taxes (net of refunds) 254,619 212,514 179,248
Non-cash investing activities:      
Change in property and equipment included in accrued liabilities $ 4,562 $ 2,446 $ 13