Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.19.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
May 04, 2019
May 05, 2018
Operating activities    
Net income $ 192,221 $ 164,396
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 71,810 68,789
Non-cash lease expense 75,231  
Deferred income taxes 6,520 1,473
Stock-based compensation expense 6,030 6,170
Loss on disposal of property and equipment 1,365 798
Change in operating assets and liabilities    
Receivables 8,654 (555)
Merchandise inventories (35,708) (40,392)
Prepaid expenses and other current assets (24,317) 2,136
Income taxes 33,431 39,393
Accounts payable 3,329 46,906
Accrued liabilities 9,971 48,182
Deferred revenue (16,061) (66,992)
Operating lease liabilities (67,635)  
Deferred rent   6,303
Other assets and liabilities 6,837 656
Net cash provided by operating activities 271,678 277,263
Investing activities    
Purchases of short-term investments (195,000) (237,193)
Proceeds from short-term investments   120,000
Purchases of property and equipment (71,836) (74,259)
Purchases of equity investments (12,736)  
Net cash used in investing activities (279,572) (191,452)
Financing activities    
Repurchase of common shares (107,399) (133,051)
Stock options exercised 42,056 6,512
Purchase of treasury shares (9,183) (4,831)
Net cash used in financing activities (74,526) (131,370)
Net decrease in cash and cash equivalents (82,420) (45,559)
Cash and cash equivalents at beginning of period 409,251 277,445
Cash and cash equivalents at end of period 326,831 231,886
Supplemental cash flow information    
Cash paid for income taxes (net of refunds) 2,327 5,617
Non-cash investing activities:    
Change in property and equipment included in accrued liabilities $ (2,020) $ (3,369)