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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jul. 29, 2023
Jul. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 118,367 $ 322,986
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 55,906 51,728
Non-cash operating lease cost 38,858 37,190
Asset impairments 2,894 8,154
Stock-based compensation expense 18,718 23,538
Non-cash finance lease interest expense 17,280 14,962
Product recalls   560
Deferred income taxes 43,717 5,493
Loss on extinguishment of debt   169,578
Gain on derivative instruments-net   (1,724)
Share of equity method investments loss 4,984 4,196
Other non-cash items 4,454 3,348
Change in assets and liabilities:    
Accounts receivable 5,332 2,332
Merchandise inventories 64,848 (124,958)
Prepaid expense and other assets (24,680) (153,471)
Landlord assets under construction-net of tenant allowances (13,959) (32,460)
Accounts payable and accrued expenses (32,205) (63,820)
Deferred revenue and customer deposits 5,216 2,911
Other current liabilities (2,315) (24,902)
Current and non-current operating lease liabilities (41,654) (38,329)
Other non-current obligations (17,406) (14,796)
Net cash provided by operating activities 248,355 192,516
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (81,596) (62,558)
Equity method investments (33,727) (1,520)
Net cash used in investing activities (115,323) (64,078)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings under term loans   500,000
Repayments under term loans (12,500) (10,000)
Repayments under real estate loans (13)  
Repayments under promissory and equipment security notes (1,160) (12,807)
Repayments of convertible senior notes (1,696) (13,048)
Repayment under convertible senior notes repurchase obligation   (395,372)
Debt issuance costs   (27,646)
Principal payments under finance lease agreements-net of tenant allowances (5,454) (3,132)
Proceeds from termination of convertible senior note hedges   231,796
Payments for termination of common stock warrants   (390,934)
Repurchases of common stock-inclusive of excise taxes paid (1,208,290) (254,731)
Proceeds from exercise of stock options 4,728 152,041
Tax withholdings related to issuance of stock-based awards (96) (323)
Net cash used in financing activities (1,224,481) (224,156)
Effects of foreign currency exchange rate translation 271 (440)
Net decrease in cash and cash equivalents, restricted cash and restricted cash equivalents (1,091,178) (96,158)
Cash and cash equivalents, restricted cash and restricted cash equivalents    
Beginning of period-cash and cash equivalents 1,508,101 2,177,889
Beginning of period-restricted cash 3,662  
Beginning of period-restricted cash equivalents (acquisition related escrow deposits)   3,975
Beginning of period-cash and cash equivalents, restricted cash and restricted cash equivalents 1,511,763 2,181,864
End of period-cash and cash equivalents 417,047 2,085,081
End of period-restricted cash 3,538  
End of period-restricted cash equivalents (acquisition related escrow deposits)   625
End of period-cash and cash equivalents, restricted cash and restricted cash equivalents 420,585 2,085,706
Non-cash transactions:    
Property and equipment additions in accounts payable and accrued expenses at period-end 25,140 14,431
Landlord asset additions in accounts payable and accrued expenses at period-end 2,863 10,967
Excise tax from share repurchases in accounts payable and accrued expenses at period-end $ 12,045  
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   (261,988)
Financing liability and embedded derivative arising from convertible senior notes repurchase   405,577
Shares issued on settlement of convertible senior notes   (14,705)
Shares received on exercise of call option under bond hedge upon settlement of convertible senior notes   $ 14,705