XML 41 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Feb. 01, 2014
Feb. 02, 2013
Jan. 28, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 337,598 $ 290,709 $ 263,906
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 154,928 125,096 116,581
Impairment of available-for-sale investments 0 32,370 0
Deferred income taxes 24,563 (2,362) 25,152
Stock-based compensation 27,119 32,181 23,919
Excess tax benefit from exercise of stock options (27,106) (64,767) (20,768)
Tax benefit from exercise of stock options 200 4,864 664
Other non-cash items 581 372 1,382
Gain on sale of investment 0 0 (13,900)
Changes in assets and liabilities:      
Accounts receivable (9,690) (4,328) (3,350)
Inventories (135,879) (81,189) (118,102)
Prepaid expenses and other assets (7,717) (8,693) (9,174)
Accounts payable 11,684 (13,588) 73,950
Accrued expenses (7,117) (5,576) (21,410)
Income taxes payable / receivable (13,357) 92,352 54,923
Deferred construction allowances 47,760 28,691 26,678
Deferred revenue and other liabilities 303 12,152 9,970
Net cash provided by operating activities 403,870 438,284 410,421
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (285,668) (219,026) (201,807)
Purchase of JJB Sports convertible notes and equity securities 0 (31,986) 0
Proceeds from sale of investment 0 0 14,140
Proceeds from sale of other assets 11,000 0 0
Proceeds from sale-leaseback transactions 0 3,406 21,126
Deposits and purchases of other assets (64,507) (76,748) (33,075)
Net cash used in investing activities (339,175) (324,354) (199,616)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Payments on other long-term debt and leasing obligations (8,984) (145,322) (995)
Construction allowance receipts 0 0 0
Proceeds from exercise of stock options 43,482 78,285 33,098
Excess tax benefit from exercise of stock options 27,106 64,767 20,768
Minimum tax withholding requirements (13,168) (5,518) (3,575)
Cash paid for treasury stock (255,602) (198,774) (1,224)
Cash dividends paid to stockholders (64,432) (306,972) (60,460)
Increase (decrease) in bank overdraft 43,508 10,422 (10,063)
Net cash used in financing activities (228,090) (503,112) (22,451)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (88) (6) (4)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (163,483) (389,188) 188,350
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 345,214 734,402 546,052
CASH AND CASH EQUIVALENTS, END OF PERIOD 181,731 345,214 734,402
Supplemental disclosure of cash flow information:      
Construction in progress - leased facilities 0 0 2,138
Accrued property and equipment 40,745 23,772 6,199
Accrued deposits and purchases of other assets 0 15,000 0
Cash paid during the year for interest 2,255 5,352 12,488
Cash paid during the year for income taxes $ 206,397 $ 117,387 $ 84,749