v3.22.2.2
Condensed Consolidated Statements of Cash Flows
$ in Thousands
 9 Months Ended
Oct. 08, 2022
USD ($)
Oct. 09, 2021
USD ($)
Cash flows from operating activities:    
Net income $ 395,176 $ 534,439
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 215,224 194,737
Share-based compensation 40,291 49,631
Loss and impairment of long-lived assets 2,858 7,570
Loss on early redemption of senior unsecured notes 7,408 0
Provision for deferred income taxes 24,144 32,425
Other 2,064 1,388
Net change in:    
Receivables, net (66,902) (180,605)
Inventories (284,271) 90,993
Accounts payable 187,331 108,393
Accrued expenses (34,046) 137,395
Other assets and liabilities, net (6,183) (51,430)
Net cash provided by operating activities 483,094 924,936
Cash flows from investing activities:    
Purchases of property and equipment (333,639) (190,983)
Proceeds from sales of property and equipment 1,821 2,102
Net cash used in investing activities (331,818) (188,881)
Cash flows from financing activities:    
Borrowings under credit facilities 1,123,000 0
Payments on credit facilities (938,000) 0
Borrowings on senior unsecured notes 348,618 0
Payments on senior unsecured notes (201,081) 0
Dividends paid (336,230) (160,925)
Repurchases of common stock (542,608) (809,504)
Other, net 463 1,691
Net cash used in financing activities (545,838) (968,738)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (15,662) 2,336
Net decrease in cash and cash equivalents (410,224) (230,347)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 191,204  
Cash and cash equivalents, beginning of period 601,428 834,992
Cash and cash equivalents, end of period 191,204 604,645
Non-cash transactions:    
Accrued purchases of property and equipment $ 13,126 $ 8,632