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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Cash flows from operating activities:    
Net income $ 239,923 $ 128,237
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 75,286 77,529
Non-cash lease expense 151,413 143,036
Provision for deferred income taxes 33,660 366
Share-based compensation expense 23,245 21,971
Amortization of tax credit investment 11,929 0
Store Impairment 1,392 958
Loss on disposition of property and equipment, net 146 345
Changes in assets and liabilities:    
Receivables (7,233) (19,235)
Inventory (135,216) (184,800)
Prepaid expenses and other assets (74,957) (56,699)
Payables, accrued expenses and other liabilities 138,735 59,305
Operating lease liabilities (178,084) (177,183)
Net cash provided by (used in) operating activities 280,239 (6,170)
Cash flows from investing activities:    
Cash paid for property and equipment (151,037) (143,445)
Cash paid for marketable securities (335,508) (22,000)
Sales and maturities of marketable securities 242,847 230,745
Initial cash payment for tax credit investment (20,000) 0
Net cash (used in) provided by investing activities (263,698) 65,300
Cash flows from financing activities:    
Proceeds from the exercise of stock options 594 376
Share repurchases related to share repurchase program 0 (112,016)
Share repurchases related to taxes for share-based awards (8,353) (6,680)
Tax credit investment liability payments (3,007) 0
Net cash used in financing activities (10,766) (118,320)
Effect of exchange rate changes on cash and cash equivalents (798) 46
Increase (decrease) in cash and cash equivalents 4,977 (59,144)
Cash and cash equivalents at beginning of period 201,260 206,575
Cash and cash equivalents at end of period 206,237 147,431
Supplemental cash flow information:    
Cash paid during the year for income taxes 35,576 33,516
Non-cash investing activities—Accrued capital expenditures 31,791 41,431
Right-of-use assets obtained in exchange for operating lease liabilities 154,426 105,365
Non-cash investing activities-Accrued tax credit investment installments $ 62,120 $ 0