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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Feb. 01, 2025
Feb. 03, 2024
Jan. 28, 2023
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 534,417 $ 523,741 $ 513,177
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 262,068 227,696 200,934
Amortization of debt issuance costs and accretion of original issue discount 1,104 1,243 2,765
Debt extinguishment and refinancing charges 870 1,830 3,256
Stock-based compensation expense 47,798 39,021 42,617
Deferred income tax (benefit) provision (18,493) 25,572 (1,938)
Changes in operating leases and other non-cash items 42,617 (21,655) 27,730
Increase (decrease) in cash due to changes in:      
Accounts receivable, net (51,629) 10,764 (60,967)
Merchandise inventories (54,166) (76,271) (47,544)
Prepaid expenses and other current assets 1,265 (14,607) 4,135
Other assets (10,919) (13,684) (6,580)
Accounts payable 70,231 (12,416) 82,914
Accrued expenses and other current liabilities 94,722 33,380 4,784
Other non-current liabilities (19,013) (5,731) 22,882
Net cash provided by operating activities 900,872 718,883 788,165
CASH FLOWS FROM INVESTING ACTIVITIES      
Additions to property and equipment, net of disposals (587,983) (467,075) (397,803)
Proceeds from sale-leaseback transactions 0 12,310 27,266
Acquisitions 0 0 (376,521)
Other investing activities (1,583) 0 0
Net cash used in investing activities (589,566) (454,765) (747,058)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the issuance of long-term debt 27,000 305,041 67,610
Payments on long-term debt (27,000) (355,041) (370,655)
Proceeds from revolving lines of credit 717,000 742,000 1,402,000
Payments on revolving lines of credit (861,000) (828,000) (997,000)
Debt issuance costs paid (800) (1,722) (4,783)
Dividends paid (25) (25) (25)
Net cash received from stock option exercises 18,275 2,603 8,438
Net cash received from ESPP 7,002 6,267 4,830
Acquisition of treasury stock (219,632) (155,180) (172,288)
Proceeds from financing obligations 27,340 26,640 15,388
Other financing activities (7,243) (4,567) (6,143)
Net cash used in financing activities (319,083) (261,984) (52,628)
Net (decrease) increase in cash and cash equivalents (7,777) 2,134 (11,521)
Cash and cash equivalents, beginning of period 36,049 33,915 45,436
Cash and cash equivalents, end of period 28,272 36,049 33,915
Supplemental cash flow information:      
Interest paid 42,538 59,114 36,600
Income taxes paid 191,370 198,559 179,325
Non-cash financing and investing activities:      
Property additions included in accrued expenses 38,400 38,516 37,629
Treasury stock repurchases included in accrued expenses $ 1,561 $ 3,364 $ 0