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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
8 Months Ended
May 09, 2020
May 04, 2019
Cash flows from operating activities:    
Net income $ 992,515 $ 1,051,992
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property and equipment and intangibles 272,115 251,118
Amortization of debt origination fees 6,572 5,506
Deferred income taxes 24,281 17,111
Share-based compensation expense 32,251 31,529
Changes in operating assets and liabilities:    
Accounts receivable 36,843 (21,616)
Merchandise inventories (175,284) (384,883)
Accounts payable and accrued expenses 20,907 259,629
Income taxes payable 12,334 10,585
Other, net 80,574 65,664
Net cash provided by operating activities 1,303,108 1,286,635
Cash flows from investing activities:    
Capital expenditures (273,888) (313,847)
Purchase of marketable debt securities (82,525) (38,855)
Proceeds from sale of marketable debt securities 106,690 61,052
Proceeds from disposal of capital assets and other, net 1,800 6,358
Net cash used in investing activities (247,923) (285,292)
Cash flows from financing activities:    
Net payments of commercial paper (1,030,000) (348,500)
Proceeds from issuance of debt 1,250,000 750,000
Repayment of debt   (250,000)
Net proceeds from sale of common stock 56,306 164,927
Purchase of treasury stock (930,903) (1,313,116)
Repayment of principal portion of finance lease liabilities (43,776) (38,428)
Other, net (13,779) (8,360)
Net cash used in financing activities (712,152) (1,043,477)
Effect of exchange rate changes on cash (10,215) (1,632)
Net increase (decrease) in cash and cash equivalents 332,818 (43,766)
Cash and cash equivalents at beginning of period 176,300 217,824
Cash and cash equivalents at end of period $ 509,118 $ 174,058