Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jan. 30, 2016
Jan. 31, 2015
Feb. 01, 2014
Operating activities      
Net income $ 320,008 $ 257,135 $ 202,849
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 165,049 131,764 106,283
Deferred income taxes 5,809 9,246 3,868
Non-cash stock compensation charges 15,594 14,923 16,003
Excess tax benefits from stock-based compensation (9,497) (3,229) (13,378)
Loss on disposal of property and equipment 3,690 4,468 3,902
Change in operating assets and liabilities:      
Receivables (12,552) (5,391) (5,534)
Merchandise inventories (180,564) (123,296) (96,808)
Prepaid expenses and other current assets (6,000) (10,555) (5,541)
Income taxes 2,795 7,284 18,673
Accounts payable 5,396 42,496 29,396
Accrued liabilities 37,926 37,644 14,215
Deferred rent 27,662 32,497 53,627
Other assets and liabilities 558 1,606 170
Net cash provided by operating activities 375,874 396,592 327,725
Investing activities      
Purchases of short-term investments (130,000) (200,209)  
Proceeds from short-term investments 150,209 50,000  
Purchases of property and equipment (299,167) (249,067) (226,024)
Net cash used in investing activities (278,958) (399,276) (226,024)
Financing activities      
Repurchase of common shares (167,396) (39,923) (37,337)
Stock options exercised 19,646 10,639 21,890
Excess tax benefits from stock-based compensation 9,497 3,229 13,378
Purchase of treasury shares (1,972) (1,588) (631)
Net cash used in financing activities (140,225) (27,643) (2,700)
Net (decrease) increase in cash and cash equivalents (43,309) (30,327) 99,001
Cash and cash equivalents at beginning of year 389,149 419,476 320,475
Cash and cash equivalents at end of year 345,840 389,149 419,476
Supplemental cash flow information      
Cash paid for income taxes (net of refunds) 179,248 137,180 101,598
Noncash investing activities:      
Change in property and equipment included in accrued liabilities $ 13 $ 8,588 $ (3,161)