Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jul. 29, 2017
Jul. 30, 2016
Operating activities    
Net income $ 242,416 $ 181,980
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 125,582 97,552
Deferred income taxes (1,317) (1,050)
Non-cash stock compensation charges 11,649 8,862
Excess tax benefits from stock-based compensation   (4,685)
Loss on disposal of property and equipment 2,348 3,712
Change in operating assets and liabilities:    
Receivables 21,038 8,994
Merchandise inventories (200,727) (168,412)
Prepaid expenses and other current assets (9,594) (10,172)
Income taxes (18,095) (10,003)
Accounts payable 53,965 89,064
Accrued liabilities (29,557) (5,099)
Deferred rent 21,479 23,652
Other assets and liabilities 806 5,235
Net cash provided by operating activities 219,993 219,630
Investing activities    
Purchases of short-term investments (240,000) (60,000)
Proceeds from short-term investments 90,000 80,000
Purchases of property and equipment (193,210) (149,595)
Net cash used in investing activities (343,210) (129,595)
Financing activities    
Repurchase of common shares (178,085) (252,450)
Stock options exercised 13,179 8,391
Excess tax benefits from stock-based compensation   4,685
Purchase of treasury shares (4,027) (2,417)
Net cash used in financing activities (168,933) (241,791)
Net decrease in cash and cash equivalents (292,150) (151,756)
Cash and cash equivalents at beginning of period 385,010 345,840
Cash and cash equivalents at end of period 92,860 194,084
Supplemental cash flow information    
Cash paid for income taxes (net of refunds) 145,494 120,085
Non-cash investing activities:    
Change in property and equipment included in accrued liabilities $ 25,497 $ 23,666