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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Oct. 31, 2020
Nov. 02, 2019
Operating activities:    
Net income $ 531,205 $ 148,700
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 105,136 98,153
Non-cash lease amortization expense 175,174 171,564
Deferred income taxes (49,973) 16,842
Non-cash impairment charge 920 3,292
Gain on disposition of property and equipment (463,191) (178,431)
Non-cash share-based compensation expense 18,344 11,738
Unrealized loss on fuel derivatives 1,635 126
Change in assets and liabilities    
Inventories (167,801) (147,702)
Accounts payable 191,193 79,092
Operating lease liabilities (193,818) (163,970)
Current income taxes 62,204 2,000
Other current assets (7,738) (4,880)
Other current liabilities 36,823 48,538
Other assets 2,420 (2,066)
Other liabilities 24,877 (2,448)
Net cash provided by operating activities 267,410 80,548
Investing activities:    
Capital expenditures (103,000) (231,889)
Cash proceeds from sale of property and equipment 588,231 190,679
Other (22) (21)
Net cash provided by (used in) investing activities 485,209 (41,231)
Financing activities:    
Net (repayments of) proceeds from long-term debt (239,677) 140,926
Net financing proceeds from sale and leaseback 123,435 0
Payment of finance lease obligations 2,962 72,479
Dividends paid (35,825) (36,707)
Proceeds from the exercise of stock options 108 200
Payment for treasury shares acquired (102,641) (55,342)
Payments for debt issuance costs 0 (150)
Other 53 (5)
Net cash used in financing activities (257,509) (23,557)
Increase in cash and cash equivalents 495,110 15,760
Cash and cash equivalents:    
Beginning of period 52,721 46,034
End of period $ 547,831 $ 61,794