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 Thousands
 6 Months Ended
Aug. 03, 2024
Jul. 29, 2023
Cash flows from operating activities:    
Net income $ 432,500 $ 499,400
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 480,600 399,000
Provision for deferred income taxes 76,700 3,800
Stock-based compensation expense 57,500 53,200
Impairments 200 1,300
Other non-cash adjustments to net income 5,400 38,600
Changes in operating assets and liabilities:    
Merchandise inventories (16,500) 120,500
Income taxes receivable 0 (22,000)
Other current assets 39,300 18,500
Other assets 34,100 15,900
Accounts payable 173,100 (123,800)
Income taxes payable (52,200) (48,000)
Other current liabilities (33,700) 35,700
Other liabilities 10,700 4,800
Operating lease right-of-use assets and liabilities, net (58,300) (4,300)
Net cash provided by operating activities 1,002,600 923,800
Cash flows from investing activities:    
Capital expenditures (972,900) (775,800)
Proceeds from insurance recoveries 25,800 0
Payments for fixed asset disposition (2,900) (5,200)
Net cash used in investing activities (950,000) (781,000)
Cash flows from financing activities:    
Net proceeds from commercial paper notes 249,700 0
Proceeds from stock issued pursuant to stock-based compensation plans 5,700 5,500
Cash paid for taxes on exercises/vesting of stock-based compensation (20,300) (27,700)
Payments for repurchase of stock (400,000) (250,000)
Net cash used in financing activities (164,900) (272,200)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (500) 900
Net decrease in cash, cash equivalents and restricted cash (112,800) (128,500)
Cash, cash equivalents and restricted cash at beginning of period 757,200 711,300
Cash, cash equivalents and restricted cash at end of period 644,400 582,800
Cash paid for:    
Interest, net of amounts capitalized 67,100 64,500
Income taxes 115,600 223,600
Non-cash transactions:    
Right-of-use assets obtained in exchange for new operating lease liabilities 953,500 959,700
Accrued capital expenditures 78,700 86,300
Losses on property, plant and equipment recorded in insurance receivables $ 20,900 $ 0