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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
8 Months Ended
May 08, 2021
May 09, 2020
Cash flows from operating activities:    
Net income $ 1,384,543 $ 992,515
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property and equipment and intangibles 278,044 272,115
Amortization of debt origination fees 9,326 6,572
Deferred income taxes 6,047 24,281
Share-based compensation expense 38,061 32,251
Changes in operating assets and liabilities:    
Accounts receivable 8,335 36,843
Merchandise inventories (162,271) (175,284)
Accounts payable and accrued expenses 635,058 20,907
Income taxes payable 22,989 12,334
Other, net 10,215 80,574
Net cash provided by operating activities 2,230,347 1,303,108
Cash flows from investing activities:    
Capital expenditures (375,653) (273,888)
Purchase of marketable debt securities (52,553) (82,525)
Proceeds from sale of marketable debt securities 72,268 106,690
Investment in tax credit equity investments (3,908)  
Proceeds from disposal of capital assets and other, net 1,183 1,800
Net cash used in investing activities (358,663) (247,923)
Cash flows from financing activities:    
Net payments of commercial paper   (1,030,000)
Proceeds from issuance of debt   1,250,000
Repayment of debt (250,000)  
Net proceeds from sale of common stock 121,924 56,306
Purchase of treasury stock (2,478,322) (930,903)
Repayment of principal portion of finance lease liabilities (44,844) (43,776)
Other, net   (13,779)
Net cash used in financing activities (2,651,242) (712,152)
Effect of exchange rate changes on cash 4,389 (10,215)
Net (decrease) increase in cash and cash equivalents (775,169) 332,818
Cash and cash equivalents at beginning of period 1,750,815 176,300
Cash and cash equivalents at end of period $ 975,646 $ 509,118