XML 18 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Aug. 01, 2020
Aug. 03, 2019
Cash flows from operating activities:    
Net (loss) income $ (1,101,709) $ 1,459,140
Adjustments to reconcile net (loss) income to cash provided by operating activities:    
Depreciation and amortization 439,525 427,834
Loss on property disposals and impairment charges 38,970 3,215
Deferred income tax (benefit) provision (88,562) 37,855
Share-based compensation 27,647 55,400
Changes in assets and liabilities:    
(Increase) in accounts receivable (56,041) (35,848)
Decrease (increase) in merchandise inventories 1,111,612 (560,386)
(Increase) in income taxes recoverable (258,655) (166,333)
(Increase) in prepaid expenses and other current assets (40,032) (73,770)
(Decrease) in accounts payable (240,356) (6,823)
Increase (decrease) in accrued expenses and other liabilities 153,502 (113,799)
(Decrease) in income taxes payable (25,254) (116,460)
Increase in net operating lease liabilities 209,071 25,284
Other, net 27,057 (36,065)
Net cash provided by operating activities 196,775 899,244
Cash flows from investing activities:    
Property additions (309,910) (578,018)
Purchase of investments (19,411) (18,994)
Sales and maturities of investments 10,503 9,374
Other 0 7,419
Net cash (used in) investing activities (318,818) (580,219)
Cash flows from financing activities:    
Cash payments on revolving credit facilities (1,000,000) 0
Proceeds from long-term debt including revolving credit facilities 4,988,452 0
Cash payments for debt issuance expenses (33,872) 0
Cash payments for repurchase of common stock (201,500) (699,751)
Cash dividends paid (278,250) (517,448)
Proceeds from issuance of common stock 59,532 102,475
Cash payments of employee tax withholdings for performance based stock awards (21,843) (23,297)
Net cash provided by (used in) financing activities 3,512,519 (1,138,021)
Effect of exchange rate changes on cash 13,183 (24,851)
Net increase (decrease) in cash and cash equivalents 3,403,659 (843,847)
Cash and cash equivalents at beginning of year 3,216,752 3,030,229
Cash and cash equivalents at end of period $ 6,620,411 $ 2,186,382