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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jan. 28, 2022
Jan. 29, 2021
Jan. 31, 2020
Cash flows from operating activities:      
Net income $ 2,399,232 $ 2,655,050 $ 1,712,555
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation and amortization 641,316 574,237 504,804
Deferred income taxes 114,359 34,976 55,407
Noncash share-based compensation 78,178 68,609 48,589
Other noncash (gains) and losses 191,040 11,570 8,293
Change in operating assets and liabilities:      
Merchandise inventories (550,114) (575,827) (578,783)
Prepaid expenses and other current assets (47,471) (16,516) (14,453)
Accounts payable 98,735 745,596 428,627
Accrued expenses and other liabilities (37,328) 388,597 100,322
Income taxes (14,642) (6,522) (20,404)
Other (7,494) (3,611) (6,959)
Net cash provided by (used in) operating activities 2,865,811 3,876,159 2,237,998
Cash flows from investing activities:      
Purchases of property and equipment (1,070,460) (1,027,963) (784,843)
Proceeds from sales of property and equipment 4,903 3,053 2,358
Net cash provided by (used in) investing activities (1,065,557) (1,024,910) (782,485)
Cash flows from financing activities:      
Issuance of long-term obligations   1,494,315  
Repayments of long-term obligations (6,402) (4,640) (1,465)
Net increase (decrease) in commercial paper outstanding 54,300 (425,200) 58,300
Borrowings under revolving credit facilities   300,000  
Repayments of borrowings under revolving credit facilities   (300,000)  
Costs associated with issuance of debt (2,268) (13,574) (1,675)
Repurchases of common stock (2,549,669) (2,466,434) (1,200,376)
Payments of cash dividends (392,188) (355,926) (327,568)
Other equity and related transactions 64,225 56,467 22,104
Net cash provided by (used in) financing activities (2,832,002) (1,714,992) (1,450,680)
Net increase (decrease) in cash and cash equivalents (1,031,748) 1,136,257 4,833
Cash and cash equivalents, beginning of period 1,376,577 240,320 235,487
Cash and cash equivalents, end of period 344,829 1,376,577 240,320
Cash paid for:      
Interest 159,803 128,211 100,033
Income taxes 568,267 721,570 457,119
Supplemental noncash investing and financing activities:      
Right of use assets obtained in exchange for new operating lease liabilities 1,778,564 1,721,530 1,705,988
Purchases of property and equipment awaiting processing for payment, included in Accounts payable $ 143,589 $ 118,059 $ 110,248