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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
8 Months Ended 292 Months Ended
May 07, 2022
May 08, 2021
May 07, 2022
Cash flows from operating activities:      
Net income $ 1,619,561 $ 1,384,543  
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of property and equipment and intangibles 301,365 278,044  
Amortization of debt origination fees 7,826 9,326  
Deferred income taxes 80,778 6,047  
Share-based compensation expense 49,058 38,061  
Changes in operating assets and liabilities:      
Accounts receivable (61,361) 8,335  
Merchandise inventories (671,087) (162,271)  
Accounts payable and accrued expenses 655,227 635,058  
Income taxes payable 13,883 22,989  
Other, net (12,136) 10,215  
Net cash provided by operating activities 1,983,114 2,230,347  
Cash flows from investing activities:      
Capital expenditures (369,350) (375,653)  
Purchase of marketable debt securities (46,540) (52,553)  
Proceeds from sale of marketable debt securities 37,918 72,268  
Investment in tax credit equity investments (21,398) (3,908)  
Proceeds from disposal of capital assets and other, net 38,651 1,183  
Net cash used in investing activities (360,719) (358,663)  
Cash flows from financing activities:      
Net proceeds from commercial paper 1,283,310    
Repayment of debt (500,000) (250,000)  
Net proceeds from sale of common stock 98,090 121,924  
Purchase of treasury stock (3,359,994) (2,478,322) $ (29,100,000)
Repayment of principal portion of finance lease liabilities (48,867) (44,844)  
Other, net (3,362)    
Net cash used in financing activities (2,530,823) (2,651,242)  
Effect of exchange rate changes on cash 137 4,389  
Net decrease in cash and cash equivalents (908,291) (775,169)  
Cash and cash equivalents at beginning of period 1,171,335 1,750,815  
Cash and cash equivalents at end of period $ 263,044 $ 975,646 $ 263,044