Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.5.0.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jul. 30, 2016
Aug. 01, 2015
Operating activities    
Net income $ 181,980 $ 141,115
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 97,552 76,738
Deferred income taxes (1,050) 683
Non-cash stock compensation charges 8,862 7,578
Excess tax benefits from stock-based compensation (4,685) (7,257)
Loss on disposal of property and equipment 3,712 1,629
Change in operating assets and liabilities:    
Receivables 8,994 7,163
Merchandise inventories (168,412) (124,431)
Prepaid expenses and other current assets (10,172) (528)
Income taxes (10,003) (14,030)
Accounts payable 89,064 24,942
Accrued liabilities (5,099) (10,812)
Deferred rent 23,652 21,804
Other assets and liabilities 5,235 1,102
Net cash provided by operating activities 219,630 125,696
Investing activities    
Purchases of short-term investments (60,000) (50,000)
Proceeds from short-term investments 80,000 50,000
Purchases of property and equipment (149,595) (137,218)
Net cash used in investing activities (129,595) (137,218)
Financing activities    
Repurchase of common shares (252,450) (73,753)
Stock options exercised 8,391 15,561
Excess tax benefits from stock-based compensation 4,685 7,257
Purchase of treasury shares (2,417) (1,478)
Net cash used in financing activities (241,791) (52,413)
Net decrease in cash and cash equivalents (151,756) (63,935)
Cash and cash equivalents at beginning of period 345,840 389,149
Cash and cash equivalents at end of period 194,084 325,214
Supplemental cash flow information    
Cash paid for income taxes (net of refunds) 120,085 98,437
Non-cash investing activities:    
Change in property and equipment included in accrued liabilities $ 23,666 $ 15,893