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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Oct. 29, 2022
Oct. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 421,746 $ 541,501
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 79,760 71,375
Non-cash operating lease cost 55,912 54,084
Asset impairments 19,080 7,354
Gain on sale of building and land (775)  
Amortization of debt discount   24,236
Stock-based compensation expense 33,725 37,426
Non-cash finance lease interest expense 23,526 19,468
Product recalls 560 840
Deferred income taxes 5,627 (122)
Loss on extinguishment of debt 169,578 21,784
Gain on derivative instruments-net (1,724)  
Share of equity method investments losses 6,118 6,894
Other non-cash items 5,542 (6,030)
Cash paid attributable to accretion of debt discount upon settlement of debt   (39,078)
Change in assets and liabilities:    
Accounts receivable (675) (1,131)
Merchandise inventories (96,598) (89,225)
Prepaid expense and other assets (152,892) (39,168)
Landlord assets under construction-net of tenant allowances (43,380) (50,351)
Accounts payable and accrued expenses (44,999) (17,980)
Deferred revenue and customer deposits (26,604) 104,419
Other current liabilities (36,596) (28,106)
Current and non-current operating lease liabilities (56,936) (59,194)
Other non-current obligations (23,974) (25,314)
Net cash provided by operating activities 336,021 533,682
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (109,675) (153,774)
Proceeds from sale of assets 5,287  
Equity method investments (2,313) (4,816)
Net cash used in investing activities (106,701) (158,590)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings under term loan 500,000 2,000,000
Repayments under term loans (15,000)  
Borrowings under real estate loans 16,000  
Repayments under real estate loans (4)  
Repayments under promissory and equipment security notes (13,157) (17,164)
Repayments of convertible senior notes (13,053) (235,126)
Repayment under convertible senior notes repurchase obligation (395,372)  
Debt extinguishment costs (8,059)  
Debt issuance costs (27,733) (26,411)
Principal payments under finance leases (6,798) (10,511)
Proceeds from termination of convertible senior note hedges 231,796  
Payments for termination of common stock warrants (390,934)  
Repurchases of common stock (286,441)  
Proceeds from exercise of stock options 153,568 30,080
Tax withholdings related to issuance of stock-based awards (494) (19,354)
Net cash provided by (used in) financing activities (255,681) 1,721,514
Effects of foreign currency exchange rate translation (1,155) 34
Net increase (decrease) in cash and cash equivalents , restricted cash and restricted cash equivalents (27,516) 2,096,640
Cash and cash equivalents, restricted cash 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, restricted cash and restricted cash equivalents 2,181,864 107,071
End of period-cash and cash equivalents 2,150,466 2,198,961
End of period-restricted cash 3,882  
End of period-restricted cash equivalents (acquisition related escrow deposits)   4,750
End of period-cash and cash equivalents , restricted cash and restricted cash equivalents 2,154,348 2,203,711
Non-cash transactions:    
Property and equipment additions in accounts payable and accrued expenses at period-end 18,915 12,313
Property and equipment additions acquired under real estate loans (2,000)  
Landlord asset additions in accounts payable and accrued expenses at period-end 6,924 28,666
Reclassification of assets from landlord assets under construction to finance lease right-of-use assets 221,886 32,405
Conversion of loan receivables into equity of variable interest entities (Note 5) 300  
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) (674,549)
Shares received on exercise of call option under bond hedge upon settlement of convertible senior notes $ 14,705 $ 660,784