Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Aug. 04, 2018
Jul. 29, 2017
Operating activities    
Net income $ 312,719 $ 242,416
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 137,815 125,582
Deferred income taxes 612 (1,317)
Non-cash stock compensation charges 13,172 11,649
Loss on disposal of property and equipment 499 2,348
Change in operating assets and liabilities:    
Receivables (3,947) 21,038
Merchandise inventories (123,261) (200,727)
Prepaid expenses and other current assets (4,952) (9,594)
Income taxes (29,694) (18,095)
Accounts payable 84,091 53,965
Accrued liabilities (13,149) (29,557)
Deferred rent 14,539 21,479
Other assets and liabilities (441) 806
Net cash provided by operating activities 388,003 219,993
Investing activities    
Purchases of short-term investments (558,163) (240,000)
Proceeds from short-term investments 529,163 90,000
Purchases of property and equipment (141,691) (193,210)
Net cash used in investing activities (170,691) (343,210)
Financing activities    
Repurchase of common shares (260,452) (178,085)
Stock options exercised 8,448 13,179
Purchase of treasury shares (5,646) (4,027)
Net cash used in financing activities (257,650) (168,933)
Net decrease in cash and cash equivalents (40,338) (292,150)
Cash and cash equivalents at beginning of period 277,445 385,010
Cash and cash equivalents at end of period 237,107 92,860
Supplemental cash flow information    
Cash paid for income taxes (net of refunds) 121,914 145,494
Non-cash investing activities:    
Change in property and equipment included in accrued liabilities $ 19,453 $ 25,497