| Feb'20 | Feb'19 | Feb'18 | Jan'17 | Jan'16 | Jan'15 | Jan'14 | Jan'13 | Jan'12 | Jan'11 | Jan'10 | Jan'09 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||||
Net income | |||||||||||
297,462 | 319,864 | 323,445 | 287,396 | 330,391 | 344,198 | 337,598 | 290,709 | 263,906 | 182,077 | 135,359 | -39,865 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Depreciation, amortization, and other | |||||||||||
270,448 | 244,764 | 242,978 | 233,834 | 193,594 | 179,431 | 154,928 | 125,096 | 116,581 | 110,394 | 100,948 | 90,732 |
Impairment of a trademark | |||||||||||
28,296 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Impairment of available-for-sale investments | |||||||||||
- | - | - | - | - | - | - | 32,370 | 0 | 0 | - | - |
Impairment of goodwill and other intangible assets | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 164,255 |
Impairment of store assets | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 29,095 |
Amortization of discount on convertible notes | |||||||||||
- | - | - | - | - | - | - | - | - | - | 321 | 7,557 |
Deferred income taxes | |||||||||||
-1,160 | -5,258 | 42,453 | -45,036 | 9,243 | -6,259 | 24,563 | -2,362 | 25,152 | 18,005 | 9,151 | -45,906 |
Stock-based compensation | |||||||||||
43,493 | 41,941 | 36,239 | 33,602 | 29,288 | 26,275 | 27,119 | 32,181 | 23,919 | 24,828 | 21,314 | 25,600 |
Gain on sale of subsidiaries | |||||||||||
33,779 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Excess tax benefit from exercise of stock options | |||||||||||
- | - | - | - | - | 11,953 | 26,906 | 59,903 | 20,768 | 22,177 | 16,041 | 1,786 |
Tax benefit from exercise of stock options | |||||||||||
- | - | - | - | - | - | - | - | 664 | 1,281 | 1,276 | 369 |
Gain on sale of asset | |||||||||||
- | - | - | - | - | 14,428 | 0 | 0 | - | - | - | 2,356 |
Other non-cash items | |||||||||||
- | - | - | -721 | -626 | -576 | -581 | -372 | -1,382 | -1,538 | -1,588 | 1,016 |
Gain on sale of investment | |||||||||||
- | - | - | - | - | - | - | - | 13,900 | 0 | 0 | - |
Changes in assets and liabilities: | |||||||||||
Accounts receivable | |||||||||||
-400 | -16,215 | 208 | 4,125 | 6,412 | -1,797 | 9,690 | 4,328 | 3,350 | -9,265 | -6,823 | -3,090 |
Inventories | |||||||||||
377,579 | 94,131 | 71,751 | 84,733 | 136,420 | 158,702 | 135,879 | 81,189 | 118,102 | 1,119 | 41,005 | -29,581 |
Prepaid expenses and other assets | |||||||||||
-6,401 | -10,980 | 29,072 | 2,282 | 21,266 | 11,004 | 7,717 | 8,693 | 9,174 | 1,970 | 24,996 | 10,868 |
Accounts payable | |||||||||||
94,202 | 125,632 | 124,628 | 59,870 | 34,232 | 81,330 | 11,684 | -13,588 | 73,950 | -2,251 | 132,858 | -56,709 |
Accrued expenses | |||||||||||
37,826 | 21,372 | 13,597 | 64,469 | 5,190 | 16,158 | -7,117 | -5,576 | -21,410 | 23,965 | 33,785 | -7,881 |
Income taxes payable / receivable | |||||||||||
-9,314 | 7,964 | -39,347 | 26,034 | 7,158 | 32,476 | -13,357 | 92,352 | 54,923 | 11,796 | 19,658 | -63,254 |
Deferred construction allowances | |||||||||||
37,959 | 27,730 | 101,712 | 179,864 | 165,616 | 101,630 | 47,760 | 28,691 | 26,678 | 11,170 | 9,046 | 19,452 |
Deferred revenue and other liabilities | |||||||||||
9,957 | -4,318 | 1,636 | 19,380 | 39,100 | 24,453 | 303 | 12,152 | 9,970 | 23,165 | 11,244 | 17,689 |
Net cash used in operating activities | |||||||||||
404,612 | 712,755 | 746,310 | 768,994 | 650,340 | 605,978 | 403,870 | 438,284 | 410,421 | 389,967 | 401,329 | 159,811 |
CASH FLOWS FROM INVESTING ACTIVITIES: | |||||||||||
Capital expenditures | |||||||||||
217,461 | 198,219 | 474,347 | 421,920 | 370,028 | 349,007 | 285,668 | 219,026 | 201,807 | 159,067 | 140,269 | 191,423 |
Proceeds from sale of other assets | |||||||||||
49,103 | 0 | 0 | - | - | 74,534 | 11,000 | 0 | 0 | - | - | - |
Proceeds from sale of subsidiaries, net of cash sold | |||||||||||
40,387 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Acquisitions, net of cash acquired | |||||||||||
0 | 0 | 8,957 | 118,769 | 0 | 0 | - | - | - | - | - | - |
Purchase of JJB Sports convertible notes and equity securities | |||||||||||
- | - | - | - | - | - | - | 31,986 | 0 | 0 | - | - |
Proceeds from sale of investment | |||||||||||
- | - | - | - | - | - | - | - | 14,140 | 0 | 0 | - |
Proceeds from sale-leaseback transactions | |||||||||||
- | - | - | - | - | - | - | 3,406 | 21,126 | 19,953 | 31,640 | 44,873 |
Purchase of corporate aircraft | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 25,107 |
Proceeds from sale of corporate aircraft | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 27,463 |
Deposits and purchases of other assets | |||||||||||
1,300 | 0 | 2,344 | 9,635 | 2,406 | 30,547 | 64,507 | 76,748 | 33,075 | 22,021 | 0 | 0 |
Repayment of convertible notes | |||||||||||
- | - | - | - | - | - | - | - | - | - | 172,500 | 0 |
Net cash used in investing activities | |||||||||||
-129,271 | -198,219 | -485,648 | -550,324 | -372,434 | -305,020 | -339,175 | -324,354 | -199,616 | -161,135 | -108,629 | -144,194 |
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||||
Revolving credit borrowings | |||||||||||
2,263,550 | 1,875,400 | 2,742,800 | 2,159,600 | 1,338,100 | 1,401,800 | 926,000 | 0 | - | - | - | 0 |
Revolving credit repayments | |||||||||||
2,039,450 | 1,875,400 | 2,742,800 | 2,159,600 | 1,338,100 | 1,401,800 | 926,000 | 0 | - | - | - | - |
Proceeds from term loan | |||||||||||
0 | 0 | 62,492 | 0 | 0 | - | - | - | - | - | - | - |
Payments on other long-term debt and finance lease obligations | |||||||||||
-56,851 | -5,242 | -2,531 | -588 | -537 | -925 | -8,984 | -145,322 | -995 | -934 | -2,566 | -6,793 |
Construction allowance receipts | |||||||||||
- | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,022 | 11,874 |
Proceeds from sale of common stock under employee stock purchase plan | |||||||||||
- | - | - | - | - | - | - | - | - | - | 1,199 | 5,174 |
Proceeds from exercise of stock options | |||||||||||
5,565 | 0 | 16,558 | 31,089 | 20,617 | 26,121 | 43,482 | 78,285 | 33,098 | 52,952 | 9,375 | 7,320 |
Excess tax benefit from exercise of stock options | |||||||||||
- | - | - | - | - | 12,204 | 27,106 | 64,767 | 20,768 | 22,177 | 16,041 | 1,786 |
Minimum tax withholding requirements | |||||||||||
9,470 | 5,428 | 5,841 | 7,060 | 7,753 | 7,793 | 13,168 | 5,518 | 3,575 | 0 | 0 | - |
Cash paid for treasury stock | |||||||||||
402,240 | 323,352 | 284,583 | 145,738 | 357,276 | 200,000 | 255,602 | 198,774 | 1,224 | 0 | 0 | 386 |
Cash dividends paid to stockholders | |||||||||||
98,312 | 89,273 | 73,099 | 67,972 | 64,715 | 61,262 | 64,432 | 306,972 | 60,460 | 0 | 0 | - |
Increase (decrease) in bank overdraft | |||||||||||
17,548 | -78,799 | -37,236 | 17,393 | 29,121 | -29,258 | 43,508 | 10,422 | -10,063 | 17,396 | -605 | -9,927 |
Net cash provided by financing activities | |||||||||||
-319,660 | -502,094 | -324,240 | -172,876 | -380,543 | -260,913 | -228,090 | -503,112 | -22,451 | 91,591 | -142,034 | 9,048 |
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | |||||||||||
0 | -42 | 54 | 47 | -106 | -97 | -88 | -6 | -4 | 18 | 108 | -135 |
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | |||||||||||
-44,319 | 12,400 | -63,524 | 45,841 | -102,743 | 39,948 | -163,483 | -389,188 | 188,350 | 320,441 | 150,774 | 24,530 |
Supplemental disclosure of cash flow information: | |||||||||||
Construction in progress - leased facilities | |||||||||||
- | - | - | - | - | - | - | - | 2,138 | 0 | -52,054 | 28,310 |
Accrued property and equipment | |||||||||||
32,746 | 18,937 | 29,834 | 70,129 | 43,481 | 42,900 | 40,745 | 23,772 | 6,199 | 8,905 | -1,656 | -18,986 |
Cash paid during the fiscal year for interest | |||||||||||
16,362 | 9,317 | 8,598 | - | - | - | - | - | - | - | - | - |
Accrued deposits and purchases of other assets | |||||||||||
- | - | - | - | - | - | - | 15,000 | 0 | 0 | - | - |
Cash paid for interest | |||||||||||
- | - | - | 4,983 | 3,308 | 2,631 | 2,255 | 5,352 | 12,488 | 12,384 | 4,501 | 8,021 |
Cash paid during the fiscal year for income taxes | |||||||||||
123,698 | 114,018 | 185,798 | 196,712 | 186,741 | 186,790 | 206,397 | 117,387 | 84,749 | 85,230 | 63,378 | 167,721 |