Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Oct. 31, 2015
Nov. 01, 2014
Operating activities    
Net income $ 212,185 $ 169,871
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 119,051 96,055
Deferred income taxes (1,555) 5,699
Non-cash stock compensation charges 11,126 11,436
Excess tax benefits from stock-based compensation (8,608) (3,290)
Loss on disposal of property and equipment 2,647 2,945
Change in operating assets and liabilities:    
Receivables 1,501 (2,350)
Merchandise inventories (303,178) (251,734)
Prepaid expenses and other current assets (3,919) (4,914)
Income taxes (12,929) (7,142)
Accounts payable 100,491 88,047
Accrued liabilities 427 7,621
Deferred rent 30,187 32,265
Other assets and liabilities 1,547 1,641
Net cash provided by operating activities 148,973 146,150
Investing activities    
Purchases of short-term investments (50,000) (100,000)
Proceeds from short-term investments 50,000  
Purchases of property and equipment (231,909) (172,498)
Net cash used in investing activities (231,909) (272,498)
Financing activities    
Repurchase of common shares (121,272) (9,972)
Stock options exercised 17,877 10,202
Excess tax benefits from stock-based compensation 8,608 3,290
Purchase of treasury shares (1,874) (1,588)
Net cash (used in) provided by financing activities (96,661) 1,932
Net decrease in cash and cash equivalents (179,597) (124,416)
Cash and cash equivalents at beginning of period 389,149 419,476
Cash and cash equivalents at end of period 209,552 295,060
Supplemental cash flow information    
Cash paid for income taxes (net of refunds) 139,405 104,891
Non-cash investing activities:    
Change in property and equipment included in accrued liabilities $ 16,868 $ 17,664