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. 01, 2014
Feb. 02, 2013
Jan. 28, 2012
Cash flows from operating activities:      
Net income $ 596.7 $ 619.3 $ 488.3
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 190.5 175.3 163.9
Gain on sale of Ollie's investment 0 (60.8)  
Provision for deferred income taxes 6.7 (7.7) 10.9
Stock-based compensation expense 37.0 35.5 31.6
Other non-cash adjustments to net income 3.9 4.1 4.4
Changes in assets and liabilities increasing (decreasing) cash and cash equivalents:      
Merchandise inventories (67.7) (104.0) (64.5)
Other assets 26.1 (56.7) (1.3)
Accounts payable 46.9 59.3 26.9
Income taxes payable (32.3) 16.3 (1.1)
Other current liabilities (2.9) 20.3 25.4
Other liabilities (11.5) (23.2) 2.0
Net cash provided by operating activities 793.4 677.7 686.5
Cash flows from investing activities:      
Capital expenditures (330.1) (312.2) (250.1)
Purchase of short-term investments 0 0 (6.0)
Proceeds from sale of short-term investments 0 0 180.8
Proceeds from sale of Ollie's investment 0 62.3 0
Purchase of restricted investments (8.8) (11.0) (16.3)
Proceeds from sale of restricted investments 15.0 0 5.3
Foreign currency gain (loss) (0.1) (0.4) 0.2
Acquisition of favorable lease rights (0.3) 0 0
Net cash used in investing activities (324.3) (261.3) (86.1)
Cash flows from financing activities:      
Principal payments under long-term debt and capital lease obligations (271.5) (1.5) (2.0)
Proceeds from long-term debt 770.0 7.0 0
Payments for share repurchases (1,112.1) (340.2) (645.9)
Proceeds from stock issued pursuant to stock-based 6.0 10.0 10.9
Tax benefit of exercises/vesting of equity based compensation 9.8 21.3 13.8
Net cash used in financing activities (597.8) (303.4) (623.2)
Effect of exchange rate changes on cash and cash equivalents (3.5) (1.4) (0.1)
Net increase (decrease) in cash and cash equivalents (132.2) 111.6 (22.9)
Cash and cash equivalents at beginning of year 399.9 288.3 311.2
Cash and cash equivalents at end of year 267.7 399.9 288.3
Cash paid for:      
Interest 14.5 3.3 3.2
Income taxes $ 373.2 $ 333.9 $ 268.3