Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Apr. 29, 2023
Apr. 30, 2022
Cash flows from operating activities:    
Net income $ 299.0 $ 536.4
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 196.4 188.9
Provision for deferred income taxes 3.0 74.3
Stock-based compensation expense 28.3 35.8
Amortization of debt discount and debt-issuance costs 1.2 1.1
Other non-cash adjustments to net income 35.1 15.7
Changes in operating assets and liabilities:    
Merchandise inventories 335.9 (434.1)
Other current assets 7.9 5.7
Other assets 1.8 2.3
Accounts payable (301.8) (90.1)
Income taxes payable 86.0 80.2
Other current liabilities 104.5 147.6
Other liabilities 5.2 (2.9)
Operating lease right-of-use assets and liabilities, net (31.1) (6.4)
Net cash provided by operating activities 752.0 538.5
Cash flows from investing activities:    
Capital expenditures (350.4) (253.4)
Payments for fixed asset disposition (2.3) (2.9)
Net cash used in investing activities (352.7) (256.3)
Cash flows from financing activities:    
Proceeds from stock issued pursuant to stock-based compensation plans 2.9 2.9
Cash paid for taxes on exercises/vesting of stock-based compensation (27.1) (37.8)
Payments for repurchase of stock (143.4) (14.2)
Net cash used in financing activities (167.6) (49.1)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1.0) 0.5
Net increase in cash, cash equivalents and restricted cash 230.7 233.6
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 942.0 1,271.9
Cash paid for:    
Interest, net of amounts capitalized 0.4 0.0
Income taxes 5.6 6.6
Non-cash transactions:    
Right-of-use assets obtained in exchange for new operating lease liabilities 416.8 297.3
Accrued capital expenditures $ 68.6 $ 45.2