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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jan. 29, 2021
Jan. 31, 2020
Feb. 01, 2019
Cash flows from operating activities:      
Net income $ 2,655,050 $ 1,712,555 $ 1,589,472
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation and amortization 574,237 504,804 454,134
Deferred income taxes 34,976 55,407 52,325
Noncash share-based compensation 68,609 48,589 40,879
Other noncash (gains) and losses 11,570 8,293 42,870
Change in operating assets and liabilities:      
Merchandise inventories (575,827) (578,783) (521,342)
Prepaid expenses and other current assets (16,516) (14,453) (12,097)
Accounts payable 745,596 428,627 375,214
Accrued expenses and other liabilities 388,597 100,322 65,857
Income taxes (6,522) (20,404) 56,390
Other (3,611) (6,959) (152)
Net cash provided by (used in) operating activities 3,876,159 2,237,998 2,143,550
Cash flows from investing activities:      
Purchases of property and equipment (1,027,963) (784,843) (734,380)
Proceeds from sales of property and equipment 3,053 2,358 2,777
Net cash provided by (used in) investing activities (1,024,910) (782,485) (731,603)
Cash flows from financing activities:      
Issuance of long-term obligations 1,494,315   499,495
Repayments of long-term obligations (4,640) (1,465) (577,321)
Net increase (decrease) in commercial paper outstanding (425,200) 58,300 (63,300)
Borrowings under revolving credit facilities 300,000    
Repayments of borrowings under revolving credit facilities (300,000)    
Costs associated with issuance of debt (13,574) (1,675) (4,384)
Repurchases of common stock (2,466,434) (1,200,376) (1,007,494)
Payments of cash dividends (355,926) (327,568) (306,523)
Other equity and related transactions 56,467 22,104 15,626
Net cash provided by (used in) financing activities (1,714,992) (1,450,680) (1,443,901)
Net increase (decrease) in cash and cash equivalents 1,136,257 4,833 (31,954)
Cash and cash equivalents, beginning of period 240,320 235,487 267,441
Cash and cash equivalents, end of period 1,376,577 240,320 235,487
Cash paid for:      
Interest 128,211 100,033 98,012
Income taxes 721,570 457,119 313,457
Supplemental noncash investing and financing activities:      
Right of use assets obtained in exchange for new operating lease liabilities 1,721,530 1,705,988  
Purchases of property and equipment awaiting processing for payment, included in Accounts payable $ 118,059 $ 110,248 $ 63,662