Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Oct. 28, 2017
Oct. 29, 2016
Operating activities    
Net income $ 347,061 $ 269,542
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 187,710 151,014
Deferred income taxes (7,851) 3,142
Non-cash stock compensation charges 17,898 14,203
Excess tax benefits from stock-based compensation   (9,001)
Loss on disposal of property and equipment 5,707 6,822
Change in operating assets and liabilities:    
Receivables 5,697 (716)
Merchandise inventories (405,739) (375,230)
Prepaid expenses and other current assets (12,782) (13,063)
Income taxes (13,437) (10,716)
Accounts payable 187,775 228,897
Accrued liabilities (18,721) 11,247
Deferred rent 34,286 39,878
Other assets and liabilities 1,489 6,999
Net cash provided by operating activities 329,093 323,018
Investing activities    
Purchases of short-term investments (240,000) (60,000)
Proceeds from short-term investments 210,000 80,000
Purchases of property and equipment (337,639) (281,203)
Net cash used in investing activities (367,639) (261,203)
Financing activities    
Repurchase of common shares (309,767) (296,994)
Stock options exercised 14,849 16,188
Excess tax benefits from stock-based compensation   9,001
Purchase of treasury shares (4,208) (2,742)
Debt issuance costs (551)  
Net cash used in financing activities (299,677) (274,547)
Net decrease in cash and cash equivalents (338,223) (212,732)
Cash and cash equivalents at beginning of period 385,010 345,840
Cash and cash equivalents at end of period 46,787 133,108
Supplemental cash flow information    
Cash paid for income taxes (net of refunds) 205,863 168,471
Non-cash investing activities:    
Change in property and equipment included in accrued liabilities $ 24,302 $ 30,971