Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.5.0.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Oct. 29, 2016
Oct. 31, 2015
Operating activities    
Net income $ 269,542 $ 212,185
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 151,014 119,051
Deferred income taxes 3,142 (1,555)
Non-cash stock compensation charges 14,203 11,126
Excess tax benefits from stock-based compensation (9,001) (8,608)
Loss on disposal of property and equipment 6,822 2,647
Change in operating assets and liabilities:    
Receivables (716) 1,501
Merchandise inventories (375,230) (303,178)
Prepaid expenses and other current assets (13,063) (3,919)
Income taxes (10,716) (12,929)
Accounts payable 228,897 100,491
Accrued liabilities 11,247 427
Deferred rent 39,878 30,187
Other assets and liabilities 6,999 1,547
Net cash provided by operating activities 323,018 148,973
Investing activities    
Purchases of short-term investments (60,000) (50,000)
Proceeds from short-term investments 80,000 50,000
Purchases of property and equipment (281,203) (231,909)
Net cash used in investing activities (261,203) (231,909)
Financing activities    
Repurchase of common shares (296,994) (121,272)
Stock options exercised 16,188 17,877
Excess tax benefits from stock-based compensation 9,001 8,608
Purchase of treasury shares (2,742) (1,874)
Net cash used in financing activities (274,547) (96,661)
Net decrease in cash and cash equivalents (212,732) (179,597)
Cash and cash equivalents at beginning of period 345,840 389,149
Cash and cash equivalents at end of period 133,108 209,552
Supplemental cash flow information    
Cash paid for income taxes (net of refunds) 168,471 139,405
Non-cash investing activities:    
Change in property and equipment included in accrued liabilities $ 30,971 $ 16,868