XML 30 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Nov. 26, 2011
Nov. 27, 2010
Cash Flows from Operating Activities:    
Net earnings $ 638,494 $ 507,882
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 131,989 135,217
Stock-based compensation 34,682 33,316
Tax benefit from stock-based compensation (430) (2,589)
Deferred income taxes 13,596 (10,708)
Other (1,262) (1,247)
(Increase) decrease in assets:    
Merchandise inventories (388,347) (412,080)
Trading investment securities (882) (4,161)
Other current assets (55,697) (62,524)
Other assets 903 (2,562)
Increase (decrease) in liabilities:    
Accounts payable 238,495 247,991
Accrued expenses and other current liabilities 33,663 39,932
Merchandise credit and gift card liabilities 4,871 9,813
Income taxes payable (97,435) (62,331)
Deferred rent and other liabilities 15,850 32,118
Net cash provided by operating activities 568,490 448,067
Cash Flows from Investing Activities:    
Purchase of held-to-maturity investment securities (1,277,815) (1,146,153)
Redemption of held-to-maturity investment securities 1,128,125 920,645
Redemption of available-for-sale investment securities 15,550 16,525
Redemption of trading investment securities   42,825
Capital expenditures (159,244) (142,186)
Net cash used in investing activities (293,384) (308,344)
Cash Flows from Financing Activities:    
Proceeds from exercise of stock options 161,705 91,083
Excess tax benefit from stock-based compensation 4,638 2,495
Repurchase of common stock, including fees (859,286) (489,068)
Net cash used in financing activities (692,943) (395,490)
Net decrease in cash and cash equivalents (417,837) (255,767)
Cash and cash equivalents:    
Beginning of period 1,183,587 1,096,100
End of period $ 765,750 $ 840,333