XML 21 R6.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
6 Months Ended
Jul. 31, 2021
Aug. 01, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 857,265 $ 133,421
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization, and other 158,009 162,755
Amortization of convertible notes discount and issuance costs 14,963 7,662
Non-cash lease costs (54,582) 28,395
Deferred income taxes 16,803 (16,313)
Stock-based compensation 25,414 17,449
Changes in assets and liabilities:    
Accounts receivable (22,754) (8,402)
Inventories (57,452) 327,123
Prepaid expenses and other assets 1,559 7,026
Accounts payable 13,578 103,379
Accrued expenses 35,853 48,497
Income taxes payable / receivable 48,344 43,985
Construction allowances provided by landlords 18,344 30,850
Deferred revenue and other liabilities (24,563) (9,120)
Net cash provided by operating activities 1,030,781 876,707
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (167,689) (94,256)
Proceeds from sale of other assets 9,671 0
Deposits and other investing activities (19,130) 0
Net cash used in investing activities (177,148) (94,256)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Revolving credit borrowings 0 1,291,700
Revolving credit repayments 0 (1,515,800)
Proceeds from issuance of convertible notes 0 575,000
Payments for purchase of bond hedges 0 (161,057)
Proceeds from issuance of warrants 0 105,225
Transaction costs paid in connection with convertible notes issuance 0 (17,396)
Payments on other long-term debt and finance lease obligations (385) (403)
Proceeds from exercise of stock options 20,648 939
Minimum tax withholding requirements (20,132) (3,684)
Cash paid for treasury stock (152,687) 0
Cash dividends paid to stockholders (64,232) (54,448)
Decrease in bank overdraft (58,222) (10,710)
Net cash (used in) provided by financing activities (275,010) 209,366
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 43 (10)
NET INCREASE IN CASH AND CASH EQUIVALENTS 578,666 991,807
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD   69,334
CASH AND CASH EQUIVALENTS, END OF PERIOD 2,236,733 1,061,141
Supplemental disclosure of cash flow information:    
Accrued property and equipment 37,468 30,924
Cash paid for interest 11,487 9,156
Cash paid for income taxes $ 210,168 $ 24,260