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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Aug. 01, 2020
Aug. 03, 2019
Operating activities:    
Net income $ 501,295 $ 21,718
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 71,924 63,259
Non-cash lease amortization expense 118,170 114,348
Deferred income taxes (55,806) (7,551)
Non-cash impairment charge 658 2,914
(Gain) loss on disposition of property and equipment (462,744) 130
Non-cash share-based compensation expense 7,438 8,560
Unrealized loss (gain) on fuel derivatives 1,438 (152)
Change in assets and liabilities    
Inventories 207,762 95,504
Accounts payable 1,168 (51,548)
Operating lease liabilities (148,722) (93,364)
Current income taxes 191,488 (10,944)
Other current assets (9,768) (23,597)
Other current liabilities 28,938 43,344
Other assets 2,512 (2,578)
Other liabilities 12,633 (1,758)
Net cash provided by operating activities 468,384 158,285
Investing activities:    
Capital expenditures (69,402) (162,840)
Cash proceeds from sale of property and equipment 587,010 127
Other (22) (18)
Net cash provided by (used in) investing activities 517,586 (162,731)
Financing activities:    
Net (repayments of) proceeds from long-term debt (236,155) 93,700
Net financing proceeds from sale and leaseback 124,074 0
Payment of finance lease obligations 1,968 1,946
Dividends paid (24,285) (24,915)
Proceeds from the exercise of stock options 98 200
Payment for treasury shares acquired (1,951) (54,919)
Other 56 (3)
Net cash (used in) provided by financing activities (140,131) 12,117
Increase in cash and cash equivalents 845,839 7,671
Cash and cash equivalents:    
Beginning of period 52,721 46,034
End of period $ 898,560 $ 53,705