XML 47 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Nov. 02, 2012
Oct. 28, 2011
Cash flows from operating activities:    
Net income $ 635,240 $ 474,175
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 222,398 204,771
Deferred income taxes 24,221 23,977
Tax benefit of stock options (85,335) (16,101)
Loss on debt retirement, net 30,620 60,303
Noncash share-based compensation 15,357 10,969
Other noncash gains and losses 9,548 31,656
Change in operating assets and liabilities:    
Merchandise inventories (326,076) (350,932)
Prepaid expenses and other current assets 12,399 (30,899)
Accounts payable 130,733 164,336
Accrued expenses and other liabilities (4,334) 89,993
Income taxes 28,350 (57,575)
Other (2,235) (174)
Net cash provided by (used in) operating activities 690,886 604,499
Cash flows from investing activities:    
Purchases of property and equipment (453,626) (363,099)
Proceeds from sales of property and equipment 1,144 729
Net cash provided by (used in) investing activities (452,482) (362,370)
Cash flows from financing activities:    
Issuance of long-term obligations 500,000  
Repayments of long-term obligations (478,026) (911,708)
Borrowings under revolving credit facility 1,703,400 649,100
Repayments of borrowings under revolving credit facility (1,349,800) (361,300)
Debt issue costs (15,278)  
Repurchases of common stock (596,442)  
Equity transactions with employees, net of taxes paid (71,139) (13,188)
Tax benefit of stock options 85,335 16,101
Net cash provided by (used in) financing activities (221,950) (620,995)
Net increase (decrease) in cash and cash equivalents 16,454 (378,866)
Cash and cash equivalents, beginning of period 126,126 497,446
Cash and cash equivalents, end of period 142,580 118,580
Supplemental schedule of non-cash investing and financing activities:    
Purchases of property and equipment awaiting processing for payment, included in Accounts payable 40,569 44,225
Purchases of property and equipment under capital lease obligations $ 3,440