Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
 12 Months Ended
Feb. 02, 2013
Jan. 28, 2012
Jan. 29, 2011
Cash flows from operating activities:      
Net income $ 619.3 $ 488.3 $ 397.3
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 175.3 163.9 159.7
Gain on sale of Ollie's investment (60.8)    
Provision for deferred income taxes (7.7) 10.9 (14.4)
Stock-based compensation expense 35.5 31.6 28.3
Non-cash adjustment to beginning inventory 0 0 26.3
Other non-cash adjustments to net income 4.1 4.4 5.0
Changes in assets and liabilities increasing (decreasing) cash and cash equivalents:      
Merchandise inventories (104.0) (64.5) (126.7)
Other assets (56.7) (1.3) 2.0
Accounts payable 59.3 26.9 28.1
Income taxes payable 16.3 (1.1) 15.2
Other current liabilities 20.3 25.4 (9.2)
Other liabilities (23.2) 2.0 7.1
Net cash provided by operating activities 677.7 686.5 518.7
Cash flows from investing activities:      
Capital expenditures (312.2) (250.1) (178.7)
Purchase of short-term investments 0 (6.0) (157.8)
Proceeds from sale of short-term investments 0 180.8 10.8
Proceeds from sale of Ollie's investment 62.3 0 0
Purchase of restricted investments (11.0) (16.3) (50.9)
Proceeds from sale of restricted investments 0 5.3 52.1
Acquisition of Dollar Giant, net of cash acquired of $1.9 0 0 (49.4)
Foreign currency gain/loss (0.4) 0.2 0
Acquisition of favorable lease rights 0 0 (0.2)
Net cash used in investing activities (261.3) (86.1) (374.1)
Cash flows from financing activities:      
Principal payments under long-term debt and capital lease obligations (1.5) (2.0) (15.1)
Proceeds from long-term debt 7.0 0 0
Payments for share repurchases (340.2) (645.9) (417.1)
Proceeds from stock issued pursuant to stock-based 10.0 10.9 20.1
Tax benefit of exercises/vesting of equity based compensation 21.3 13.8 7.8
Net cash used in financing activities (303.4) (623.2) (404.3)
Effect of exchange rate changes on cash and cash equivalents (1.4) (0.1) (0.7)
Net increase (decrease) in cash and cash equivalents 111.6 (22.9) (260.4)
Cash and cash equivalents at beginning of year 288.3 311.2 571.6
Cash and cash equivalents at end of year 399.9 288.3 311.2
Cash paid for:      
Interest 3.3 3.2 6.5
Income taxes $ 333.9 $ 268.3 $ 223.7