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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jul. 30, 2022
Jul. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 322,986 $ 357,402
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 51,728 46,556
Non-cash operating lease cost 37,190 35,541
Asset impairments 8,154 7,354
Amortization of debt discount   17,461
Stock-based compensation expense 23,538 25,431
Non-cash finance lease interest expense 14,962 12,757
Product recalls 560 500
Deferred income taxes 5,493 (239)
Loss on extinguishment of debt 169,578 3,271
Gain on derivative instruments-net (1,724)  
Share of equity method investments losses 4,196 4,581
Other non-cash items 3,348 (4,069)
Cash paid attributable to accretion of debt discount upon settlement of debt   (5,070)
Change in assets and liabilities:    
Accounts receivable 2,332 (306)
Merchandise inventories (124,958) (101,641)
Prepaid expense and other assets (153,471) (57,919)
Landlord assets under construction-net of tenant allowances (32,460) (43,352)
Accounts payable and accrued expenses (63,820) 6,930
Deferred revenue and customer deposits 2,911 116,492
Other current liabilities (24,902) (51,661)
Current and non-current operating lease liabilities (38,329) (38,933)
Other non-current obligations (14,796) (14,368)
Net cash provided by operating activities 192,516 316,718
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (62,558) (82,138)
Equity method investments (1,520) (1,939)
Net cash used in investing activities (64,078) (84,077)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings under term loan 500,000  
Repayments under term loans (10,000)  
Repayments under promissory and equipment security notes (12,807) (11,446)
Repayments of convertible senior notes (13,048) (28,111)
Repayment under convertible senior notes repurchase obligation (395,372)  
Debt issuance costs (27,646) (3,634)
Principal payments under finance leases (3,132) (7,108)
Proceeds from termination of convertible senior note hedges 231,796  
Payments for termination of common stock warrants (390,934)  
Repurchases of common stock (254,731)  
Proceeds from exercise of stock options 152,041 25,979
Tax withholdings related to issuance of stock-based awards (323) (18,648)
Net cash used in financing activities (224,156) (42,968)
Effects of foreign currency exchange rate translation (440) 92
Net increase in cash and cash equivalents and restricted cash equivalents (96,158) 189,765
Cash and cash equivalents and restricted cash equivalents    
Beginning of period-cash and cash equivalents 2,177,889 100,446
Beginning of period-restricted cash equivalents (acquisition related escrow deposits) 3,975 6,625
Beginning of period-cash and cash equivalents 2,181,864 107,071
End of period-cash and cash equivalents 2,085,081 291,461
End of period-restricted cash equivalents (acquisition related escrow deposits) 625 5,375
End of period-cash and cash equivalents and restricted cash equivalents 2,085,706 296,836
Non-cash transactions:    
Property and equipment additions in accounts payable and accrued expenses at period-end 14,431 14,696
Landlord asset additions in accounts payable and accrued expenses at period-end 10,967 32,290
Reclassification of assets from landlord assets under construction to finance lease right-of-use assets 215,749  
Extinguishment of convertible senior notes related to repurchase obligation (Note 9) (261,988)  
Financing liability and embedded derivative arising from convertible senior notes repurchase (Note 9) 405,577  
Shares issued on settlement of convertible senior notes (14,705) (82,135)
Shares received on exercise of call option under bond hedge upon settlement of convertible senior notes $ 14,705 $ 81,245