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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Oct. 27, 2024
Jan. 28, 2024
Oct. 29, 2023
Current assets      
Cash and cash equivalents $ 826,784 $ 1,262,007 $ 698,807
Accounts receivable, net 105,620 122,914 124,238
Merchandise inventories, net 1,450,135 1,246,369 1,396,864
Prepaid expenses 84,810 59,466 100,045
Other current assets 19,432 29,041 27,381
Total current assets 2,486,781 2,719,797 2,347,335
Property and equipment, net 1,019,874 1,013,189 1,026,819
Operating lease right-of-use assets 1,147,673 1,229,650 1,235,425
Deferred income taxes, net 109,444 110,656 76,272
Goodwill 77,301 77,306 77,279
Other long-term assets, net 127,267 122,950 120,639
Total assets 4,968,340 5,273,548 4,883,769
Current liabilities      
Accounts payable 665,803 607,877 675,505
Accrued expenses 235,146 264,306 203,958
Gift card and other deferred revenue 583,022 573,904 528,403
Income taxes payable 28,400 96,554 53,139
Operating lease liabilities 231,667 234,517 231,236
Other current liabilities 101,272 103,157 96,745
Total current liabilities 1,845,310 1,880,315 1,788,986
Long-term operating lease liabilities 1,083,809 1,156,104 1,163,631
Other long-term liabilities 132,612 109,268 117,918
Total liabilities 3,061,731 3,145,687 3,070,535
Commitments and contingencies – See Note F
Stockholders’ equity      
Preferred stock: $0.01 par value; 7,500 shares authorized; none issued 0 0 0
Common stock: $0.01 par value; 253,125 shares authorized; 123,876, 128,301 and 128,270 shares issued and outstanding at October 27, 2024, January 28, 2024 and October 29, 2023, respectively 1,239 1,284 1,283
Additional paid-in capital 545,205 587,960 571,765
Retained earnings 1,377,461 1,555,595 1,260,216
Accumulated other comprehensive loss (16,861) (15,552) (18,604)
Treasury stock, at cost: 4, 6 and 6 shares as of October 27, 2024, January 28, 2024 and October 29, 2023, respectively (435) (1,426) (1,426)
Total stockholders’ equity 1,906,609 2,127,861 1,813,234
Total liabilities and stockholders’ equity $ 4,968,340 $ 5,273,548 $ 4,883,769