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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jan. 30, 2022
Jan. 31, 2021
Feb. 02, 2020
Cash flows from operating activities:      
Net earnings $ 1,126,337 $ 680,714 $ 356,062
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:      
Depreciation and amortization 196,087 188,655 187,759
Loss on disposal/impairment of assets 1,015 32,365 1,755
Amortization of deferred lease incentives (4,282) (5,783) (7,714)
Non-cash lease expense 216,888 216,368 215,810
Deferred income taxes 2,535 (13,061) (2,557)
Stock-based compensation expense 95,240 73,185 64,163
Other 288 (264) (26)
Changes in:      
Accounts receivable 11,896 (31,503) (5,034)
Merchandise inventories (239,981) 99,144 24,219
Prepaid expenses and other assets (2,060) (16,388) (3,189)
Accounts payable 56,674 25,489 (11,051)
Accrued expenses and other liabilities 49,460 129,142 13,259
Gift card and other deferred revenue 75,460 82,841 (640)
Operating lease liabilities (224,567) (232,989) (226,257)
Income taxes payable 10,157 46,933 735
Net cash provided by operating activities 1,371,147 1,274,848 607,294
Cash flows from investing activities:      
Purchases of property and equipment (226,517) (169,513) (186,276)
Other 270 629 728
Net cash used in investing activities (226,247) (168,884) (185,548)
Cash flows from financing activities:      
Repurchases of common stock (899,433) (150,000) (148,834)
Repayment of long-term debt (300,000) 0 0
Payment of dividends (187,539) (157,645) (150,640)
Tax withholdings related to stock-based awards (104,235) (31,729) (27,752)
Debt issuance costs (778) (3,645) 0
Borrowings under revolving line of credit 0 487,823 100,000
Repayments under the revolving line of credit 0 (487,823) (100,000)
Net cash used in financing activities (1,491,985) (343,019) (327,226)
Effect of exchange rates on cash and cash equivalents (2,914) 5,230 (1,312)
Net (decrease) increase in cash and cash equivalents (349,999) 768,175 93,208
Cash and cash equivalents at beginning of year 1,200,337 432,162 338,954
Cash and cash equivalents at end of year 850,338 1,200,337 432,162
Supplemental disclosure of cash flow information:      
Cash paid during the year for interest 3,090 18,346 12,682
Cash paid during the year for income taxes, net of refunds 306,158 162,842 113,344
Non-cash investing activities:      
Purchases of property and equipment not yet paid for at end of year $ 267 $ 753 $ 2,386