v2.3.0.11
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jul. 30, 2011
Jul. 31, 2010
Operating Activities:    
Consolidated net income, including (loss) income from the noncontrolling interests $ 373,982 $ 325,151
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 245,036 247,965
Stock-based compensation 81,470 69,629
Excess tax benefits from stock-based compensation arrangements (942) 0
Deferred income tax expense 54,170 6,209
Other 9,901 (1,904)
Changes in assets and liabilities:    
Decrease in receivables 58,957 15,993
Increase in merchandise inventories (276,649) (253,211)
Increase in prepaid expenses and other assets (38,399) (77,651)
Increase in accounts payable 45,794 80,583
Decrease in accrued expenses and other liabilities (264,790) (237,590)
Increase in other long-term obligations 13,634 70,252
Net cash provided by operating activities 302,164 245,426
Investing Activities:    
Acquisition of property and equipment (164,149) (150,719)
Acquisition of businesses, net of cash acquired 0 (39,270)
Net cash used in investing activities (164,149) (189,989)
Financing Activities:    
Proceeds from the exercise of stock options and the sale of stock under employee stock purchase plans 31,559 38,443
Proceeds from the issuance of commercial paper, net of repayments 254,926 0
Proceeds from borrowings 118,174 95,889
Payments on borrowings, including payment of deferred financing fees (698,631) (113,327)
Purchase of noncontrolling interest 0 (345,963)
Cash dividends paid (140,643) (130,100)
Excess tax benefits from stock-based compensation arrangements 942 0
Purchase of treasury stock, net (365,203) (128,745)
Net cash used in financing activities (798,876) (583,803)
Effect of exchange rate changes on cash and cash equivalents 22,728 (15,493)
Net decrease in cash and cash equivalents (638,133) (543,859)
Cash and cash equivalents at beginning of period 1,461,257 1,415,819
Cash and cash equivalents at end of period $ 823,124 $ 871,960