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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 31, 2021
Aug. 01, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 192,567 $ 202,352
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 89,834 82,171
Amortization of debt issuance costs and accretion of original issue discount 1,724 2,363
Debt extinguishment charges 657 1,283
Stock-based compensation expense 34,634 14,578
Deferred income tax (benefit) provision (6,260) 438
Changes in operating leases and other non-cash items 3,187 4,175
Increase (decrease) in cash due to changes in:    
Accounts receivable 3,584 35,758
Merchandise inventories 172,140 76,228
Prepaid expenses and other current assets (1,665) (1,063)
Other assets 790 (2,138)
Accounts payable 41,652 218,313
Accrued expenses 26,049 70,971
Other non-current liabilities 420 28,263
Net cash provided by operating activities 559,313 733,692
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to property and equipment, net of disposals (147,808) (82,962)
Proceeds from sale leaseback transactions 19,080 4,061
Net cash used in investing activities (128,728) (78,901)
CASH FLOWS FROM FINANCING ACTIVITIES    
Payments on First Lien Term Loan (100,000) (153,297)
Proceeds from ABL Facility 0 736,000
Payments on ABL Facility (260,000) (1,064,000)
Net cash received from stock option exercises 4,913 9,005
Net cash received from ESPP 1,877 1,107
Acquisition of treasury stock (79,269) (44,533)
Proceeds from financing obligations 1,333 0
Other financing activities (543) (466)
Net cash used in financing activities (431,689) (516,184)
Net (decrease) increase in cash and cash equivalents (1,104) 138,607
Cash and cash equivalents at beginning of period 43,518 30,204
Cash and cash equivalents at end of period 42,414 168,811
Supplemental cash flow information:    
Interest paid 23,348 35,627
Income taxes paid 62,844 60,757
Non-cash financing and investing activities:    
Lease liabilities arising from obtaining right-of-use assets 160,452 60,116
Property additions included in accrued expenses $ 18,044 $ 6,977