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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Apr. 29, 2022
Apr. 30, 2021
Cash flows from operating activities:    
Net income $ 552,657 $ 677,749
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 172,563 154,146
Deferred income taxes 81,679 58,794
Noncash share-based compensation 26,945 23,533
Other noncash (gains) and losses 68,585 13,040
Change in operating assets and liabilities:    
Merchandise inventories (538,921) 135,732
Prepaid expenses and other current assets (34,482) (41,831)
Accounts payable 172,110 (295,206)
Accrued expenses and other liabilities (116,384) (136,743)
Income taxes 64,814 116,013
Other (50) (2,236)
Net cash provided by (used in) operating activities 449,516 702,991
Cash flows from investing activities:    
Purchases of property and equipment (281,580) (277,730)
Proceeds from sales of property and equipment 736 807
Net cash provided by (used in) investing activities (280,844) (276,923)
Cash flows from financing activities:    
Repayments of long-term obligations (3,034) (1,753)
Net increase (decrease) in commercial paper outstanding 705,300  
Repurchases of common stock (746,773) (1,000,352)
Payments of cash dividends (125,262) (99,832)
Other equity and related transactions (8,119) (12,653)
Net cash provided by (used in) financing activities (177,888) (1,114,590)
Net increase (decrease) in cash and cash equivalents (9,216) (688,522)
Cash and cash equivalents, beginning of period 344,829 1,376,577
Cash and cash equivalents, end of period 335,613 688,055
Supplemental noncash investing and financing activities:    
Right of use assets obtained in exchange for new operating lease liabilities 396,628 417,749
Purchases of property and equipment awaiting processing for payment, included in Accounts payable $ 141,202 $ 93,599