XML 38 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Feb. 01, 2013
Feb. 03, 2012
Jan. 28, 2011
Cash flows from operating activities:      
Net income $ 952,662 $ 766,685 $ 627,857
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation and amortization 302,911 275,408 254,927
Deferred income taxes (2,605) 10,232 50,985
Tax benefit of stock options (87,752) (33,102) (13,905)
Loss on debt retirement, net 30,620 60,303 14,576
Noncash share-based compensation 21,664 15,250 15,956
Other noncash gains and losses 6,774 54,190 13,549
Change in operating assets and liabilities:      
Merchandise inventories (391,409) (291,492) (251,809)
Prepaid expenses and other current assets 5,553 (34,554) (10,157)
Accounts payable 194,035 104,442 123,424
Accrued expenses and other liabilities (36,741) 71,763 (42,428)
Income taxes 138,711 51,550 42,903
Other (3,071) (195) (1,194)
Net cash provided by (used in) operating activities 1,131,352 1,050,480 824,684
Cash flows from investing activities:      
Purchases of property and equipment (571,596) (514,861) (420,395)
Proceeds from sales of property and equipment 1,760 1,026 1,448
Net cash provided by (used in) investing activities (569,836) (513,835) (418,947)
Cash flows from financing activities:      
Issuance of long-term obligations 500,000    
Repayments of long-term obligations (478,255) (911,951) (131,180)
Borrowings under revolving credit facility 2,286,700 1,157,800  
Repayments of borrowings under revolving credit facility (2,184,900) (973,100)  
Debt issuance costs (15,278)    
Repurchases of common stock (671,459) (186,597)  
Other equity transactions, net of employee taxes paid (71,393) (27,219) (13,092)
Tax benefit of stock options 87,752 33,102 13,905
Net cash provided by (used in) financing activities (546,833) (907,965) (130,367)
Net increase (decrease) in cash and cash equivalents 14,683 (371,320) 275,370
Cash and cash equivalents, beginning of year 126,126 497,446 222,076
Cash and cash equivalents, end of year 140,809 126,126 497,446
Cash paid for:      
Interest 121,712 209,351 244,752
Income taxes 422,333 382,294 314,123
Supplemental schedule of noncash investing and financing activities:      
Purchases of property and equipment awaiting processing for payment, included in Accounts payable 39,147 35,662 29,658
Purchases of property and equipment under capital lease obligations $ 3,440