XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
9 Months Ended
Nov. 02, 2024
Oct. 28, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 865,338 $ 750,086
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 290,360 271,368
Amortization of deferred financing fees and debt discount 1,747 1,786
Deferred income taxes (4,185) 10,372
Stock-based compensation 50,716 39,552
Other, net (6,795) 9,182
Changes in assets and liabilities:    
Accounts receivable (25,055) (25,831)
Inventories (877,115) (415,291)
Prepaid expenses and other assets (7,839) (2,253)
Accounts payable 404,685 256,141
Accrued expenses 62,024 (21,473)
Income taxes payable / receivable (48,518) 11,659
Construction allowances provided by landlords 54,445 40,624
Deferred revenue and other liabilities (24,586) (56,835)
Operating lease assets and liabilities (54,915) (104,373)
Net cash provided by operating activities 680,307 764,714
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (565,569) (409,527)
Proceeds from sale of other assets 11,872 27,500
Other investing activities (3,548) (51,298)
Net cash used in investing activities (557,245) (433,325)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal paid in connection with exchange of convertible senior notes 0 (137)
Payments on finance lease obligations 0 (609)
Proceeds from exercise of stock options 13,277 13,924
Minimum tax withholding requirements (41,893) (97,956)
Cash paid for treasury stock (170,268) (648,554)
Cash dividends paid to stockholders (273,097) (270,596)
Increase in bank overdraft 6,544 154,577
Net cash used in financing activities (465,437) (849,351)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (190) (210)
NET DECREASE IN CASH AND CASH EQUIVALENTS (342,565) (518,172)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 1,801,220 1,924,386
CASH AND CASH EQUIVALENTS, END OF PERIOD 1,458,655 1,406,214
Supplemental disclosure of cash flow information:    
Accrued property and equipment 124,808 88,564
Cash paid for interest, net of capitalized amounts 24,980 29,793
Cash paid for income taxes $ 306,547 $ 156,652