XML 38 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
May 03, 2014
May 04, 2013
Cash flows from operating activities:    
Net income $ 454,317 $ 452,890
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 144,155 130,543
Loss (gain) on property disposals and impairments 737 (26)
Deferred income tax (benefit) provision (6,736) 8,661
Share-based compensation 19,785 16,549
Excess tax benefits from share-based compensation (12,833) (17,222)
Changes in assets and liabilities:    
(Increase) in accounts receivable (44,779) (35,606)
(Increase) in merchandise inventories (225,953) (84,885)
Decrease in prepaid expenses and other current assets 18,553 30,159
Increase (decrease) in accounts payable 175,384 (79,011)
(Decrease) in accrued expenses and other liabilities (46,631) (148,455)
Other (2,250) 7,152
Net cash provided by operating activities 473,749 280,749
Cash flows from investing activities:    
Property additions (193,361) (238,515)
Purchase of short-term investments (81,765) (80,728)
Sales and maturities of short-term investments 120,066 75,023
Other   2,653
Net cash (used in) investing activities (155,060) (241,567)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt   499,555
Cash payments for repurchase of common stock (359,996) (302,635)
Cash payments for debt issuance expenses   (3,318)
Proceeds from issuance of common stock 20,509 34,746
Excess tax benefits from share-based compensation 12,833 17,222
Cash dividends paid (102,181) (83,211)
Other   (3,251)
Net cash (used in) provided by financing activities (428,835) 159,108
Effect of exchange rate changes on cash 19,696 (20,412)
Net (decrease) increase in cash and cash equivalents (90,450) 177,878
Cash and cash equivalents at beginning of year 2,149,746 1,811,957
Cash and cash equivalents at end of period $ 2,059,296 $ 1,989,835