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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
8 Months Ended
May 04, 2019
May 05, 2018
Cash flows from operating activities:    
Net income $ 1,051,992 $ 937,254
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property and equipment and intangibles 251,118 237,091
Amortization of debt origination fees 5,506 5,858
Deferred income taxes 17,111 (135,972)
Share-based compensation expense 31,529 29,559
Asset impairments   193,162
Changes in operating assets and liabilities:    
Accounts receivable (21,616) 4,254
Merchandise inventories (384,883) (255,112)
Accounts payable and accrued expenses 259,629 173,355
Income taxes payable 10,585 18,500
Other, net 65,664 48,407
Net cash provided by operating activities 1,286,635 1,256,356
Cash flows from investing activities:    
Capital expenditures (313,847) (327,148)
Purchase of marketable debt securities (38,855) (90,192)
Proceeds from sale of marketable debt securities 61,052 79,514
Proceeds from disposal of capital assets and other, net 6,358 35,166
Net cash used in investing activities (285,292) (302,660)
Cash flows from financing activities:    
Net payments of commercial paper (348,500) (129,600)
Proceeds from issuance of debt 750,000  
Repayment of debt (250,000)  
Net proceeds from sale of common stock 164,927 69,694
Purchase of treasury stock (1,313,116) (927,155)
Payments of capital lease obligations (38,428) (36,866)
Other, net (8,360) (1,247)
Net cash used in financing activities (1,043,477) (1,025,174)
Effect of exchange rate changes on cash (1,632) (3,406)
Decrease in cash and cash equivalents (43,766) (74,884)
Cash and cash equivalents at beginning of period 217,824 293,270
Cash and cash equivalents at end of period $ 174,058 $ 218,386