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CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
6 Months Ended
Aug. 03, 2024
Jul. 29, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 637,525 $ 548,980
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 189,219 168,900
Amortization of deferred financing fees and debt discount 1,162 1,210
Deferred income taxes 5,918 16,911
Stock-based compensation 32,812 28,006
Other, net 2,443 (1,464)
Changes in assets and liabilities:    
Accounts receivable (34,396) (30,311)
Inventories (329,227) 16,254
Prepaid expenses and other assets (10,464) (10,088)
Accounts payable 141,555 14,404
Accrued expenses 5,450 14,004
Income taxes payable / receivable (3,356) 17,671
Construction allowances provided by landlords 46,556 30,995
Deferred revenue and other liabilities (22,501) (35,648)
Operating lease assets and liabilities (36,548) (86,331)
Net cash provided by operating activities 626,148 693,493
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (372,105) (248,560)
Proceeds from sale of other assets 8,775 27,500
Other investing activities (3,548) (47,719)
Net cash used in investing activities (366,878) (268,779)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal paid in connection with exchange of convertible senior notes 0 (137)
Payments on finance lease obligations 0 (401)
Proceeds from exercise of stock options 12,950 13,332
Minimum tax withholding requirements (31,111) (96,992)
Cash paid for treasury stock (163,567) (260,438)
Cash dividends paid to stockholders (183,094) (189,110)
(Decrease) increase in bank overdraft (3,633) 86,574
Net cash used in financing activities (368,455) (447,172)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (136) (25)
NET DECREASE IN CASH AND CASH EQUIVALENTS (109,321) (22,483)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 1,801,220 1,924,386
CASH AND CASH EQUIVALENTS, END OF PERIOD 1,691,899 1,901,903
Supplemental disclosure of cash flow information:    
Accrued property and equipment 112,287 101,289
Cash paid for interest, net of capitalized amounts 26,195 27,704
Cash paid for income taxes $ 187,661 $ 75,320