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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jan. 29, 2022
Jan. 30, 2021
Feb. 01, 2020
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 688,546 $ 271,815 $ 220,375
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 96,022 100,040 100,739
Non-cash operating lease cost 72,479 64,132 65,195
Tradename impairment   20,459  
Asset impairments 9,630 6,484 15,168
(Gain) loss on sale leaseback transaction   9,352 (1,196)
Amortization of debt discount 28,816 42,372 46,245
Stock-based compensation expense 48,478 145,704 21,832
Non-cash finance lease interest expense 26,412 24,011 22,608
Product recalls 1,940 7,370 (3,517)
Deferred income taxes (6,921) (4,920) (7,709)
(Gain) loss on extinguishment of debt 29,138 (152) 6,472
Share of equity method investments losses 8,214 888  
Other non-cash items (6,649) 3,998 4,001
Cash paid attributable to accretion of debt discount upon settlement of debt (55,243) (84,003) (70,482)
Change in assets and liabilities:      
Accounts receivable 1,564 (10,485) (7,309)
Merchandise inventories (190,074) (104,621) 93,266
Prepaid expense and other assets (49,555) (67,349) 28,404
Landlord assets under construction-net of tenant allowances (68,454) (69,508) (64,300)
Accounts payable and accrued expenses 43,435 63,583 7,445
Deferred revenue and customer deposits 107,306 116,205 9,799
Other current liabilities (9,778) 43,856 (45,767)
Current and non-current operating lease liabilities (77,252) (58,920) (77,004)
Other non-current obligations (35,940) (19,541) (25,077)
Net cash provided by operating activities 662,114 500,770 339,188
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (185,383) (111,126) (93,623)
Equity method investments (8,970) (80,723)  
Acquisition of business and assets   (17,900)  
Deposits on asset under construction   (12,857) (53,000)
Proceeds from sale of assets   25,006 24,078
Net cash used in investing activities (194,353) (197,600) (122,545)
CASH FLOWS FROM FINANCING ACTIVITIES      
Borrowings under term loan 2,000,000   320,000
Repayments under term loans (5,000)   (324,000)
Borrowings under promissory and equipment security notes   12,857 122,000
Repayments under promissory and equipment security notes (22,949) (34,456) (16,520)
Debt issuance costs related to convertible senior notes (26,411)   (4,636)
Proceeds from issuance of convertible senior notes     350,000
Proceeds from issuance of warrants     50,225
Purchase of convertible note hedges     (91,350)
Repayments of convertible senior notes (335,729) (215,846) (278,560)
Principal payments under finance leases (14,158) (12,498) (9,682)
Repurchases of common stock-including commissions     (250,032)
Proceeds from exercise of stock options 32,045 14,377 27,138
Tax withholdings related to issuance of stock-based awards (20,671) (8,348) (7,069)
Net cash provided by (used in) financing activities 1,607,127 (243,914) (174,804)
Effects of foreign currency exchange rate translation (95) 157 16
Net increase in cash and cash equivalents and restricted cash equivalents 2,074,793 59,413 41,855
Cash and cash equivalents and restricted cash equivalents      
Beginning of period-cash and cash equivalents 100,446 47,658 5,803
Beginning of period-restricted cash equivalents (acquisition related escrow deposits) 6,625    
Beginning of period-cash and cash equivalents 107,071 47,658 5,803
End of period-cash and cash equivalents 2,177,889 100,446 47,658
End of period-restricted cash equivalents (acquisition related escrow deposits) 3,975 6,625  
End of period-cash and cash equivalents and restricted cash equivalents 2,181,864 107,071 47,658
Cash paid for interest 39,466 27,249 43,278
Cash paid for taxes 158,910 74,219 40,126
Non-cash transactions:      
Property and equipment additions in accounts payable and accrued expenses at period-end 14,651 28,377 5,161
Landlord asset additions in accounts payable and accrued expenses at period-end 13,180 19,943 19,640
Reclassification of assets from landlord assets under construction to finance lease right-of-use assets 61,900 68,459 19,503
Promissory notes forgiven in exchange for assets   65,857  
Conversion of loan receivables into equity method investments   20,219  
Shares issued on settlement of convertible senior notes (901,379) (315,708)  
Shares received on exercise of call option under bond hedge upon settlement of convertible senior notes $ 880,207 315,713  
Convertible Senior Notes [Member]      
CASH FLOWS FROM FINANCING ACTIVITIES      
Debt issuance costs related to convertible senior notes     (4,818)
Asset Based Credit Facility [Member]      
CASH FLOWS FROM FINANCING ACTIVITIES      
Borrowings under asset based credit facility   359,401 322,500
Repayments under asset based credit facility   $ (359,401) $ (380,000)