Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.19.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Aug. 03, 2019
Aug. 04, 2018
Operating activities    
Net income $ 353,479 $ 312,719
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 144,951 137,815
Non-cash lease expense 152,134  
Deferred income taxes 2,734 612
Stock-based compensation expense 12,766 13,172
Loss on disposal of property and equipment 3,215 499
Change in operating assets and liabilities    
Receivables 11,437 (3,947)
Merchandise inventories (101,670) (123,261)
Prepaid expenses and other current assets (18,315) (4,952)
Income taxes (21,772) (29,694)
Accounts payable 46,101 84,091
Accrued liabilities (2,629) (6,572)
Deferred revenue (16,700) (6,577)
Operating lease liabilities (138,557)  
Deferred rent   14,539
Other assets and liabilities 20,162 (441)
Net cash provided by operating activities 447,336 388,003
Investing activities    
Purchases of short-term investments (245,000) (558,163)
Proceeds from short-term investments 95,000 529,163
Purchases of property and equipment (151,213) (141,691)
Purchases of equity investments (33,339)  
Net cash used in investing activities (334,552) (170,691)
Financing activities    
Repurchase of common shares (378,300) (260,452)
Stock options exercised 42,935 8,448
Purchase of treasury shares (9,272) (5,646)
Net cash used in financing activities (344,637) (257,650)
Net decrease in cash and cash equivalents (231,853) (40,338)
Cash and cash equivalents at beginning of period 409,251 277,445
Cash and cash equivalents at end of period 177,398 237,107
Supplemental cash flow information    
Cash paid for income taxes (net of refunds) 97,024 121,914
Non-cash investing activities:    
Change in property and equipment included in accrued liabilities $ 7,625 $ 19,453