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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Cash flows from operating activities:    
Net income $ 282,161 $ 239,923
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 86,031 75,286
Non-cash lease expense 162,466 151,413
Provision for deferred income taxes 3,335 33,660
Share-based compensation expense 23,366 23,245
Amortization of tax credit investment 12,872 11,929
Store impairment and lease abandonment charges 4,601 1,392
Loss on disposition of property and equipment, net 1,553 146
Changes in assets and liabilities:    
Receivables (29,682) (7,233)
Inventory (242,190) (135,216)
Prepaid expenses and other assets (52,548) (74,957)
Payables, accrued expenses and other liabilities 113,773 138,735
Operating lease liabilities (183,376) (178,084)
Net cash provided by operating activities 182,362 280,239
Cash flows from investing activities:    
Cash paid for property and equipment (144,052) (151,037)
Cash paid for marketable securities (267,276) (335,508)
Sales and maturities of marketable securities 309,178 242,847
Initial cash payment for tax credit investment 0 (20,000)
Net cash used in investing activities (102,150) (263,698)
Cash flows from financing activities:    
Proceeds from the exercise of stock options 851 594
Share repurchases related to share repurchase program (52,262) 0
Share repurchases related to taxes for share-based awards (15,264) (8,353)
Tax credit investment liability payments (6,220) (3,007)
Net cash used in financing activities (72,895) (10,766)
Effect of exchange rate changes on cash and cash equivalents (3,122) (798)
Increase in cash and cash equivalents 4,195 4,977
Cash and cash equivalents at beginning of period 178,321 201,260
Cash and cash equivalents at end of period 182,516 206,237
Supplemental cash flow information:    
Cash paid during the year for income taxes 75,926 35,576
Non-cash investing activities—Accrued capital expenditures 13,550 31,791
Right-of-use assets obtained in exchange for operating lease liabilities 220,005 154,426
Non-cash investing activities-Accrued tax credit investment installments $ 0 $ 62,120