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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Jan. 29, 2022
Jan. 30, 2021
Feb. 01, 2020
Total revenues $ 16,667,302 $ 15,430,017 $ 13,190,707
Cost of sales 13,588,612 12,451,061 10,763,926
Selling, general and administrative expenses 2,446,465 2,326,755 2,059,430
Pre-opening expense 14,902 9,809 15,152
Operating income 617,323 642,392 352,199
Interest expense, net 59,444 84,385 108,230
Income from continuing operations before income taxes 557,879 558,007 243,969
Provision for income taxes 131,119 136,825 56,212
Income from continuing operations 426,760 421,182 187,757
Loss from discontinued operations, net of income taxes (108) (152) (581)
Net income $ 426,652 $ 421,030 $ 187,176
Basic income per share      
Income from continuing operations (in usd per share) $ 3.15 $ 3.09 $ 1.38
Loss from discontinued operations (in usd per share) 0 0 (0.01)
Net income (in usd per share) 3.15 3.09 1.37
Diluted income per share      
Income from continuing operations (in usd per share) 3.09 3.03 1.35
Loss from discontinued operations (in usd per share) 0 0 0
Net income (in usd per share) $ 3.09 $ 3.03 $ 1.35
Weighted-average number of common shares outstanding:      
Basic (in shares) 135,385,777 136,110,860 136,173,675
Diluted (in shares) 138,044,527 138,876,497 139,109,188
Other comprehensive income (loss):      
Postretirement medical plan adjustment, net of income tax of $43, $12 and $385, respectively $ (110) $ (33) $ (990)
Amounts reclassified from other comprehensive income, net of tax 9,526 6,081 0
Unrealized gain (loss) on cash flow hedge, net of income tax of $4,827, $4 and $5,554, respectively 12,417 10 (14,281)
Total other comprehensive income (loss) 21,833 6,058 (15,271)
Total comprehensive income 448,485 427,088 171,905
Product      
Total revenues 16,306,365 15,096,913 12,888,556
Deferred membership fee income      
Total revenues $ 360,937 $ 333,104 $ 302,151