XML 47 R7.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Oct. 31, 2015
Nov. 01, 2014
Cash flows from operating activities:    
Net income $ 1,611,192 $ 1,566,898
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 453,706 438,162
Loss on property disposals and impairment charges 2,096 2,690
Deferred income tax (benefit) provision (39,875) 7,527
Share-based compensation 71,063 67,671
Excess tax benefits from share-based compensation (54,294) (59,998)
Loss on early extinguishment of debt   16,830
Changes in assets and liabilities:    
(Increase) in accounts receivable (60,172) (52,695)
(Increase) in merchandise inventories (1,197,845) (1,019,406)
(Increase) in taxes recoverable (3,403)  
(Increase) in prepaid expenses and other current assets (41,293) (34,665)
Increase in accounts payable 677,227 799,785
Increase in accrued expenses and other liabilities 201,630 52,515
Increase in income taxes payable 5,022 42,976
Other 31,510 (2,749)
Net cash provided by operating activities 1,656,564 1,825,541
Cash flows from investing activities:    
Property additions (650,667) (705,899)
Purchase of investments (642,685) (315,775)
Sales and maturities of investments 501,618 314,649
Acquisition of Trade Secret (57,104)  
Net cash (used in) investing activities (848,838) (707,025)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt   749,475
Cash payments for extinguishment of debt   (416,357)
Cash payments for repurchase of common stock (1,296,104) (1,214,209)
Cash payments for debt issuance expenses   (6,185)
Cash payments for rate lock agreement   (7,937)
Proceeds from issuance of common stock 81,377 90,329
Excess tax benefits from share-based compensation 54,294 59,998
Cash dividends paid (404,094) (345,698)
Net cash (used in) financing activities (1,564,527) (1,090,584)
Effect of exchange rate changes on cash (13,638) (24,053)
Net (decrease) increase in cash and cash equivalents (770,439) 3,879
Cash and cash equivalents at beginning of year 2,493,775 2,149,746
Cash and cash equivalents at end of period $ 1,723,336 $ 2,153,625