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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 $ 426,652 $ 421,030 $ 187,176
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 180,548 167,454 157,000
Amortization of debt issuance costs and accretion of original issues discount 3,387 4,362 5,172
Debt extinguishment and refinancing charges 657 4,077 2,167
Impairment charges 0 0 13,306
Stock-based compensation expense 53,837 32,150 18,796
Deferred income tax provision (benefit) (507) (9,197) 10,246
Changes in operating leases and other non-cash items 9,226 9,389 2,028
Increase (decrease) in cash due to changes in:      
Accounts receivable (1,232) 33,634 (12,053)
Merchandise inventories (37,240) (124,193) (29,196)
Prepaid expenses and other current assets (9,953) (3,496) 22,169
Other assets (4,301) (1,682) 1,710
Accounts payable 124,709 201,663 (30,468)
Accrued expenses 81,419 97,690 15,640
Other non-current liabilities 4,453 35,665 (8,550)
Net cash provided by operating activities 831,655 868,546 355,143
CASH FLOWS FROM INVESTING ACTIVITIES      
Additions to property and equipment, net of disposals (323,591) (218,333) (196,901)
Proceeds from sale leaseback transactions 19,080 25,893 21,606
Net cash used in investing activities (304,511) (192,440) (175,295)
CASH FLOWS FROM FINANCING ACTIVITIES      
Payments on long term debt 0 (3,297) (14,829)
Paydown of the First Lien Term Loan and extinguishment of Second Lien Term Loan (100,000) (510,000) (200,000)
Proceeds from ABL facility 0 996,000 1,390,000
Payments on ABL facility (260,000) (1,064,000) (1,301,000)
Debt issuance costs paid 0 0 (21)
Dividends paid (25) (25) (25)
Financing obligations payments (1,112) (984) (612)
Net cash received from stock option exercises 18,713 17,985 11,072
Net cash received from Employee Stock Purchase Program (ESPP) 3,822 2,676 1,728
Acquisition of treasury stock (194,316) (106,203) (67,305)
Proceeds from financing obligations 7,692 5,056 4,202
Net cash used in financing activities (525,226) (662,792) (176,790)
Net increase in cash and cash equivalents 1,918 13,314 3,058
Cash and cash equivalents, beginning of period 43,518 30,204 27,146
Cash and cash equivalents, end of period 45,436 43,518 30,204
Supplemental cash flow information:      
Interest paid 45,148 65,274 96,861
Income taxes paid 117,567 154,668 40,351
Non-cash financing and investing activities:      
Lease liabilities arising from obtaining right-of-use assets 261,228 154,714 166,602
Property additions included in accrued expenses $ 29,640 $ 13,131 $ 11,247