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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Nov. 01, 2020
Nov. 03, 2019
Cash flows from operating activities    
Net income $ 259,076 $ 347,575
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 133,209 114,444
Stock-based compensation expense 37,098 36,070
Settlement of derivatives not designated in a hedging relationship (9,841) (3,375)
Changes in operating assets and liabilities:    
Inventories (234,154) (225,124)
Prepaid and receivable income taxes (83,113) (77,330)
Prepaid expenses and other current assets (66,778) (47,660)
Other non-current assets (36,419) (15,447)
Accounts payable 73,596 21,085
Accrued inventory liabilities 4,240 (5,940)
Other accrued liabilities 69,496 6,486
Accrued compensation and related expenses (37,077) (10,223)
Current and non-current income taxes payable (25,611) (48,573)
Unredeemed gift card liability (15,624) (24,183)
Right-of-use lease assets and current and non-current lease liabilities 6,577 9,794
Other current and non-current liabilities 10,729 17,507
Net cash provided by operating activities 85,404 95,106
Cash flows from investing activities    
Purchase of property and equipment (170,830) (214,217)
Settlement of net investment hedges 5,867 3,378
Acquisition, net of cash acquired (452,581) 0
Other investing activities 1,000 (1,636)
Net cash used in investing activities (616,544) (212,475)
Cash flows from financing activities    
Proceeds from settlement of stock-based compensation 14,142 15,030
Taxes paid related to net share settlement of stock-based compensation (31,883) (21,493)
Repurchase of common stock (63,663) (173,092)
Net cash used in financing activities (81,404) (179,555)
Effect of exchange rate changes on cash and cash equivalents 620 1,757
Decrease in cash and cash equivalents (611,924) (295,167)
Cash and cash equivalents, beginning of period 1,093,505 881,320
Cash and cash equivalents, end of period $ 481,581 $ 586,153