XML 22 R8.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2021
Feb. 02, 2020
Feb. 03, 2019
Cash flows from operating activities:      
Net earnings $ 680,714 $ 356,062 $ 333,684
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:      
Depreciation and amortization 188,655 187,759 188,808
Loss on disposal/impairment of assets 32,365 1,755 10,209
Amortization of deferred lease incentives (5,783) (7,714) (26,199)
Non-cash lease expense 216,368 215,810  
Deferred income taxes (13,061) (2,557) 23,639
Stock-based compensation expense 73,185 64,163 59,802
Other (264) (26) (579)
Changes in:      
Accounts receivable (31,503) (5,034) (15,329)
Merchandise inventories 99,144 24,219 (70,331)
Prepaid expenses and other assets (16,388) (3,189) (54,691)
Accounts payable 25,489 (11,051) 62,377
Accrued expenses and other liabilities 129,142 13,259 45,976
Gift card and other deferred revenue 82,841 (640) 38,899
Deferred rent and lease incentives 0 0 24,929
Operating lease liabilities (232,989) (226,257)  
Income taxes payable 46,933 735 (35,208)
Net cash provided by operating activities 1,274,848 607,294 585,986
Cash flows from investing activities:      
Purchases of property and equipment (169,513) (186,276) (190,102)
Other 629 728 2,203
Net cash used in investing activities (168,884) (185,548) (187,899)
Cash flows from financing activities:      
Borrowings under revolving line of credit 487,823 100,000 60,000
Repayments of borrowings under revolving line of credit (487,823) (100,000) (60,000)
Payment of dividends (157,645) (150,640) (140,325)
Repurchases of common stock (150,000) (148,834) (295,304)
Tax withholdings related to stock-based awards (31,729) (27,752) (14,437)
Debt issuance costs (3,645)   0
Net cash used in financing activities (343,019) (327,226) (450,066)
Effect of exchange rates on cash and cash equivalents 5,230 (1,312) 797
Net increase (decrease) in cash and cash equivalents 768,175 93,208 (51,182)
Cash and cash equivalents at beginning of year 432,162 338,954 390,136
Cash and cash equivalents at end of year 1,200,337 432,162 338,954
Supplemental disclosure of cash flow information:      
Cash paid during the year for interest 18,346 12,682 11,424
Cash paid during the year for income taxes, net of refunds 162,842 113,344 107,951
Non-cash investing activities:      
Purchases of property and equipment not yet paid for at end of year $ 753 $ 2,386 $ 2,773