Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
8 Months Ended |
May 04, 2019 |
May 05, 2018 |
| Cash flows from operating activities: |
|
|
| Net income |
$ 1,051,992
|
$ 937,254
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation and amortization of property and equipment and intangibles |
251,118
|
237,091
|
| Amortization of debt origination fees |
5,506
|
5,858
|
| Deferred income taxes |
17,111
|
(135,972)
|
| Share-based compensation expense |
31,529
|
29,559
|
| Asset impairments |
|
193,162
|
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable |
(21,616)
|
4,254
|
| Merchandise inventories |
(384,883)
|
(255,112)
|
| Accounts payable and accrued expenses |
259,629
|
173,355
|
| Income taxes payable |
10,585
|
18,500
|
| Other, net |
65,664
|
48,407
|
| Net cash provided by operating activities |
1,286,635
|
1,256,356
|
| Cash flows from investing activities: |
|
|
| Capital expenditures |
(313,847)
|
(327,148)
|
| Purchase of marketable debt securities |
(38,855)
|
(90,192)
|
| Proceeds from sale of marketable debt securities |
61,052
|
79,514
|
| Proceeds from disposal of capital assets and other, net |
6,358
|
35,166
|
| Net cash used in investing activities |
(285,292)
|
(302,660)
|
| Cash flows from financing activities: |
|
|
| Net payments of commercial paper |
(348,500)
|
(129,600)
|
| Proceeds from issuance of debt |
750,000
|
|
| Repayment of debt |
(250,000)
|
|
| Net proceeds from sale of common stock |
164,927
|
69,694
|
| Purchase of treasury stock |
(1,313,116)
|
(927,155)
|
| Payments of capital lease obligations |
(38,428)
|
(36,866)
|
| Other, net |
(8,360)
|
(1,247)
|
| Net cash used in financing activities |
(1,043,477)
|
(1,025,174)
|
| Effect of exchange rate changes on cash |
(1,632)
|
(3,406)
|
| Decrease in cash and cash equivalents |
(43,766)
|
(74,884)
|
| Cash and cash equivalents at beginning of period |
217,824
|
293,270
|
| Cash and cash equivalents at end of period |
$ 174,058
|
$ 218,386
|