v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Oct. 28, 2023
Oct. 29, 2022
Cash flows from operating activities:    
Net income $ 711.4 $ 1,163.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 614.8 571.4
Provision for deferred income taxes 63.1 117.4
Stock-based compensation expense 76.4 90.8
Amortization of debt discount and debt-issuance costs 4.0 3.4
Other non-cash adjustments to net income 43.1 26.4
Changes in operating assets and liabilities:    
Merchandise inventories (69.5) (1,295.8)
Income taxes receivable (45.6) (50.4)
Other current assets 22.0 42.8
Other assets 24.9 7.9
Accounts payable (41.7) (18.4)
Income taxes payable (58.1) (82.6)
Other current liabilities 186.9 243.9
Other liabilities (7.9) (3.4)
Operating lease right-of-use assets and liabilities, net (0.4) 18.9
Net cash provided by operating activities 1,429.6 734.1
Cash flows from investing activities:    
Capital expenditures (1,317.2) (920.8)
Payments for fixed asset disposition (5.1) (5.1)
Net cash used in investing activities (1,322.3) (925.9)
Cash flows from financing activities:    
Proceeds from revolving credit facility 0.0 440.0
Repayments of revolving credit facility 0.0 (90.0)
Net proceeds from commercial paper notes 229.1 0.0
Proceeds from stock issued pursuant to stock-based compensation plans 7.6 7.1
Cash paid for taxes on exercises/vesting of stock-based compensation (38.6) (47.4)
Payments for repurchase of stock (500.0) (647.5)
Net cash used in financing activities (301.9) (337.8)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1.1) (1.8)
Net decrease in cash, cash equivalents and restricted cash (195.7) (531.4)
Cash, cash equivalents and restricted cash at beginning of period 711.3 1,038.3
Cash, cash equivalents and restricted cash at end of period 515.6 506.9
Cash paid for:    
Interest, net of amounts capitalized 65.6 65.4
Income taxes 256.9 373.4
Non-cash transactions:    
Right-of-use assets obtained in exchange for new operating lease liabilities 1,446.3 1,095.0
Accrued capital expenditures $ 115.5 $ 65.2

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