v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Jan. 30, 2026
Jan. 31, 2025
Feb. 02, 2024
Cash flows from operating activities:      
Net income $ 1,512,311 $ 1,125,253 $ 1,661,274
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation and amortization 1,046,318 971,703 848,793
Deferred income taxes (64,718) (30,345) 72,847
Loss on debt retirement 8,509    
Noncash share-based compensation 91,453 58,738 51,891
Other noncash (gains) and losses 256,265 296,184 88,982
Change in operating assets and liabilities:      
Merchandise inventories 178,481 230,208 (299,066)
Prepaid expenses and other current assets (13,238) (23,864) (63,576)
Accounts payable 185,343 302,915 36,940
Accrued expenses and other liabilities 249,971 91,813 (39,189)
Income taxes 199,195 (15,443) 25,303
Other (15,390) (11,098) 7,599
Net cash provided by (used in) operating activities 3,634,500 2,996,064 2,391,798
Cash flows from investing activities:      
Purchases of property and equipment (1,241,162) (1,309,888) (1,700,222)
Proceeds from sales of property and equipment 3,966 3,561 6,199
Net cash provided by (used in) investing activities (1,237,196) (1,306,327) (1,694,023)
Cash flows from financing activities:      
Issuance of long-term obligations     1,498,260
Repayments of long-term obligations (1,677,161) (770,230) (19,723)
Net increase (decrease) in commercial paper outstanding     (1,501,900)
Borrowings under revolving credit facilities     500,000
Repayments of borrowings under revolving credit facilities     (500,000)
Costs associated with issuance of debt (487) (2,319) (12,438)
Payments of cash dividends (519,510) (518,983) (517,979)
Other equity and related transactions 5,779 (2,912) 11,712
Net cash provided by (used in) financing activities (2,191,379) (1,294,444) (542,068)
Net increase (decrease) in cash and cash equivalents 205,925 395,293 155,707
Cash and cash equivalents, beginning of period 932,576 537,283 381,576
Cash and cash equivalents, end of period 1,138,501 932,576 537,283
Cash paid for:      
Interest 290,420 336,625 352,473
Income taxes 320,586 354,727 359,578
Supplemental noncash investing and financing activities:      
Right of use assets obtained in exchange for new operating lease liabilities 1,452,006 1,592,510 1,804,934
Purchases of property and equipment awaiting processing for payment, included in Accounts payable $ 124,097 $ 90,981 $ 148,137