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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jan. 30, 2021
Feb. 01, 2020
Feb. 02, 2019
Operating activities:      
Net income $ 629,191 $ 242,464 $ 156,894
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization expense 138,848 135,686 114,025
Non-cash lease expense 246,442 229,143 0
Deferred income taxes (52,415) 52,374 5,353
Non-cash share-based compensation expense 26,155 13,051 26,335
Non-cash impairment charge 1,792 3,986 141
(Gain) loss on disposition of property and equipment (462,916) (177,996) 732
Unrealized (gain) loss on fuel derivatives (294) 346 1,075
Change in assets and liabilities:      
Inventories (19,028) 48,295 (96,772)
Accounts payable 20,193 (18,662) 45,677
Operating lease liabilities (250,131) (215,956) 0
Current income taxes 56,564 (4,442) (14,108)
Other current assets (10,238) (5,836) (7,055)
Other current liabilities 55,775 36,962 (11,637)
Other assets (90) (5,499) 1,985
Other liabilities 19,501 5,054 11,415
Net cash provided by operating activities 399,349 338,970 234,060
Investing activities:      
Capital expenditures (135,220) (265,203) (232,402)
Cash proceeds from sale of property and equipment 588,258 190,741 519
Assets acquired under synthetic lease 0 0 (128,872)
Payments for purchase of intangible assets 0 0 (15,750)
Other (51) (18) 32
Net cash provided by (used in) investing activities 452,987 (74,480) (376,473)
Financing activities:      
Net (repayments of) proceeds from long-term debt (243,227) (80,609) 174,300
Net financing proceeds from sale and leaseback 123,435 0 0
Payment of finance lease obligations (3,648) (73,469) (3,908)
Dividends paid (46,964) (48,421) (50,608)
Proceeds from the exercise of stock options 493 200 1,859
Payment for treasury shares acquired (175,642) (55,347) (111,750)
Proceeds from synthetic lease 0 0 128,872
Payment of debt issuance costs 0 (150) (1,495)
Other 52 (7) 1
Net cash (used in) provided by financing activities (345,501) (257,803) 137,271
Increase (decrease) in cash and cash equivalents 506,835 6,687 (5,142)
Cash and cash equivalents:      
Beginning of period 52,721 46,034 51,176
End of period $ 559,556 $ 52,721 $ 46,034