XML 47 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Aug. 03, 2012
Jul. 29, 2011
Cash flows from operating activities:    
Net income $ 427,555 $ 303,011
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 146,260 135,871
Deferred income taxes (844) 18,136
Tax benefit of stock options (59,235) (450)
Loss on debt retirement, net 30,620 60,303
Noncash share-based compensation 10,224 6,798
Other noncash gains and losses 3,332 17,709
Change in operating assets and liabilities:    
Merchandise inventories (139,998) (222,669)
Prepaid expenses and other current assets (1,847) (37,136)
Accounts payable 68,515 166,690
Accrued expenses and other liabilities (35,276) 18,399
Income taxes (74,001) (68,155)
Other (1,813) (68)
Net cash provided by (used in) operating activities 373,492 398,439
Cash flows from investing activities:    
Purchases of property and equipment (303,988) (218,123)
Proceeds from sales of property and equipment 426 473
Net cash provided by (used in) investing activities (303,562) (217,650)
Cash flows from financing activities:    
Issuance of long-term obligations 500,000  
Repayments of long-term obligations (477,846) (911,361)
Borrowings under revolving credit facility 1,035,400 371,600
Repayments of borrowings under revolving credit facility (815,200) (25,600)
Debt issue costs (15,067)  
Repurchase of common stock from principal shareholder (300,000)  
Equity transactions with employees, net of taxes paid (48,421) (274)
Tax benefit of stock options 59,235 450
Net cash provided by (used in) financing activities (61,899) (565,185)
Net increase (decrease) in cash and cash equivalents 8,031 (384,396)
Cash and cash equivalents, beginning of period 126,126 497,446
Cash and cash equivalents, end of period 134,157 113,050
Supplemental schedule of non-cash investing and financing activities:    
Purchases of property and equipment awaiting processing for payment, included in Accounts payable $ 46,917 $ 32,276