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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Aug. 01, 2021
Aug. 02, 2020
Cash flows from operating activities:    
Net earnings $ 473,872 $ 169,987
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 96,687 93,120
Loss on disposal/impairment of assets 455 25,408
Amortization of deferred lease incentives (2,254) (2,975)
Non-cash lease expense 105,739 108,448
Deferred income taxes (7,037) (2,229)
Tax benefit related to stock-based awards 10,302 12,694
Stock-based compensation expense 46,260 33,395
Other (274) 255
Changes in:    
Accounts receivable 2,002 (16,740)
Merchandise inventories (163,621) 60,055
Prepaid expenses and other assets (4,622) (30,968)
Accounts payable 48,457 (141,602)
Accrued expenses and other liabilities (43,653) 12,117
Gift card and other deferred revenue 30,308 2,936
Operating lease liabilities (108,791) (113,489)
Income taxes payable (8,162) 5,988
Net cash provided by operating activities 475,668 216,400
Cash flows from investing activities:    
Purchases of property and equipment (78,281) (76,123)
Other 97 241
Net cash used in investing activities (78,184) (75,882)
Cash flows from financing activities:    
Repurchases of common stock (451,388) 0
Repayment of long-term debt (300,000) 0
Tax withholdings related to stock-based awards (100,160) (29,589)
Payment of dividends (91,069) (79,274)
Borrowings under revolving line of credit 0 487,823
Debt issuance costs 0 (1,050)
Net cash (used in) provided by financing activities (942,617) 377,910
Effect of exchange rates on cash and cash equivalents 7 (2,830)
Net (decrease) increase in cash and cash equivalents (545,126) 515,598
Cash and cash equivalents at beginning of period 1,200,337 432,162
Cash and cash equivalents at end of period $ 655,211 $ 947,760