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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
May 03, 2024
May 05, 2023
Cash flows from operating activities:    
Net income $ 363,317 $ 514,380
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 232,286 201,907
Deferred income taxes 23,876 50,442
Noncash share-based compensation 21,846 25,083
Other noncash (gains) and losses 15,052 28,630
Change in operating assets and liabilities:    
Merchandise inventories 49,562 (601,138)
Prepaid expenses and other current assets (42,650) (56,866)
Accounts payable (95,686) 116,363
Accrued expenses and other liabilities 14,814 (176,804)
Income taxes 83,797 86,992
Other (2,408) 2,126
Net cash provided by (used in) operating activities 663,806 191,115
Cash flows from investing activities:    
Purchases of property and equipment (341,975) (363,141)
Proceeds from sales of property and equipment 814 1,539
Net cash provided by (used in) investing activities (341,161) (361,602)
Cash flows from financing activities:    
Repayments of long-term obligations (5,205) (4,505)
Net increase (decrease) in commercial paper outstanding   3,068
Borrowings under revolving credit facilities   500,000
Repayments of borrowings under revolving credit facilities   (250,000)
Payments of cash dividends (129,736) (129,401)
Other equity and related transactions (4,287) (17,187)
Net cash provided by (used in) financing activities (139,228) 101,975
Net increase (decrease) in cash and cash equivalents 183,417 (68,512)
Cash and cash equivalents, beginning of period 537,283 381,576
Cash and cash equivalents, end of period 720,700 313,064
Supplemental noncash investing and financing activities:    
Right of use assets obtained in exchange for new operating lease liabilities 404,716 386,055
Purchases of property and equipment awaiting processing for payment, included in Accounts payable $ 128,936 $ 160,510