XML 33 R9.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Feb. 01, 2025
Feb. 03, 2024
Jan. 28, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 1,165,308 $ 1,046,519 $ 1,043,138
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 400,409 393,933 365,475
Amortization of deferred financing fees and debt discount 2,333 2,364 4,250
Deferred income taxes (14,838) 3,343 23,100
Stock-based compensation 71,001 57,285 50,603
Other, net (6,565) 9,332 15,306
Changes in assets and liabilities:      
Accounts receivable (11,865) (4,236) (13,558)
Inventories (501,033) 18,823 (533,308)
Prepaid expenses and other assets (57,159) (18,220) (9,690)
Accounts payable 185,883 20,365 13,983
Accrued expenses 58,941 (2,462) (74,205)
Income taxes payable / receivable (26,155) 29,167 12,256
Construction allowances provided by landlords 76,287 67,061 36,100
Deferred revenue and other liabilities 41,536 25,190 22,689
Operating lease assets and liabilities (72,248) (121,129) (34,258)
Net cash provided by operating activities 1,311,835 1,527,335 921,881
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (802,565) (587,426) (364,075)
Proceeds from sale of other assets 11,872 27,500 14,261
Other investing activities (5,865) (54,750) (43,080)
Net cash used in investing activities (796,558) (614,676) (392,894)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Principal paid in connection with exchange of convertible senior notes 0 137 515,865
Payments on finance lease obligations 0 (823) (740)
Proceeds from exercise of stock options 18,000 15,205 23,681
Minimum tax withholding requirements (42,515) (98,917) (43,936)
Cash paid for treasury stock (263,021) (648,554) (458,456)
Cash dividends paid to stockholders (361,727) (351,201) (163,081)
Increase (decrease) in bank overdraft 23,132 48,679 (89,239)
Net cash used in financing activities (626,131) (1,035,748) (1,247,636)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (426) (77) (170)
NET DECREASE IN CASH AND CASH EQUIVALENTS (111,280) (123,166) (718,819)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 1,801,220 1,924,386 2,643,205
CASH AND CASH EQUIVALENTS, END OF PERIOD 1,689,940 1,801,220 1,924,386
Supplemental disclosure of cash flow information:      
Accrued property and equipment 111,289 72,486 30,222
Cash paid during the fiscal year for interest, net of capitalized amounts 50,677 57,486 69,193
Cash paid during the fiscal year for income taxes 399,467 243,244 306,612
Accrued treasury stock $ 5,000 $ 0 $ 0