Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.23.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Oct. 28, 2023
Oct. 29, 2022
Operating activities    
Net income $ 896,636 $ 901,657
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 181,273 182,182
Non-cash lease expense 232,772 222,548
Deferred income taxes 1,528 (1,066)
Stock-based compensation expense 33,477 32,554
Loss on disposal of property and equipment 6,310 3,892
Change in operating assets and liabilities:    
Receivables (3,446) 33,378
Merchandise inventories (717,855) (615,451)
Prepaid expenses and other current assets 12,964 (26,828)
Income taxes 9,535 (49,446)
Accounts payable 41,817 94,214
Accrued liabilities (34,955) 64,164
Deferred revenue (43,740) (41,447)
Operating lease liabilities (248,469) (246,988)
Other assets and liabilities (9,836) 20,063
Net cash provided by operating activities 358,011 573,426
Investing activities    
Capital expenditures (311,030) (203,961)
Other investments (4,870) (3,068)
Net cash used in investing activities (315,900) (207,029)
Financing activities    
Borrowings from credit facility 195,400  
Repurchase of common shares (840,551) (571,908)
Stock options exercised 9,302 31,319
Purchase of treasury shares (22,328) (6,740)
Net cash used in financing activities (658,177) (547,329)
Net decrease in cash and cash equivalents (616,066) (180,932)
Cash and cash equivalents at beginning of period 737,877 431,560
Cash and cash equivalents at end of period 121,811 250,628
Supplemental information    
Income taxes paid, net of refunds 266,802 339,290
Non-cash capital expenditures $ 53,936 $ 33,982