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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Aug. 02, 2020
Aug. 04, 2019
Cash flows from operating activities    
Net income $ 115,433 $ 221,593
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 84,176 70,422
Stock-based compensation expense 21,912 22,005
Settlement of derivatives not designated in a hedging relationship (13,538) (5,430)
Changes in operating assets and liabilities:    
Inventories (138,194) (93,358)
Prepaid and receivable income taxes (39,860) (63,187)
Prepaid expenses and other current and non-current assets (76,811) (45,539)
Accounts payable 35,967 15,791
Accrued inventory liabilities 25,322 (7,069)
Other accrued liabilities 53,868 3,367
Accrued compensation and related expenses (49,037) (7,486)
Current and non-current income taxes payable 43,926 (55,508)
Unredeemed gift card liability (13,848) (19,413)
Right-of-use lease assets and current and non-current lease liabilities 7,388 9,625
Other current and non-current liabilities 3,358 4,229
Net cash provided by operating activities 60,062 50,042
Cash flows from investing activities    
Purchase of property and equipment (104,723) (135,764)
Settlement of net investment hedges 10,981 5,062
Acquisition, net of cash acquired (452,581) 0
Other investing activities 1,000 (1,267)
Net cash used in investing activities (545,323) (131,969)
Cash flows from financing activities    
Proceeds from settlement of stock-based compensation 12,463 13,514
Taxes paid related to net share settlement of stock-based compensation (30,957) (19,400)
Repurchase of common stock (63,663) (165,099)
Net cash used in financing activities (82,157) (170,985)
Effect of exchange rate changes on cash and cash equivalents (3,089) (4,670)
Decrease in cash and cash equivalents (570,507) (257,582)
Cash and cash equivalents, beginning of period 1,093,505 881,320
Cash and cash equivalents, end of period $ 522,998 $ 623,738