Ross 2015 Annual Report Download - page 47
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45
Consolidated Statements of Cash Flows
Year Ended
Year Ended
Year Ended
($000)
January 30, 2016
January 31, 2015
February 1, 2014
Cash Flows From Operating Activities
Net earnings
$
1,020,661
$
924,724
$
837,304
Adjustments to reconcile net earnings to net cash
provided by operating activities:
Depreciation and amortization
274,828
232,959
206,111
Stock-based compensation
70,937
53,001
46,847
Deferred income taxes
56,358
25,086
(15,250
)
Tax benefit from equity issuance
42,382
29,759
27,661
Excess tax benefit from stock-based compensation
(42,302
)
(29,415
)
(26,906
)
Change in assets and liabilities:
Merchandise inventory
(46,429
)
(115,520
)
(47,918
)
Other current assets
(13,496
)
(16,410
)
(9,875
)
Accounts payable
(41,464
)
204,158
(4,104
)
Other current liabilities
7,796
69,568
(18,562
)
Other long-term, net
(3,019
)
(5,045
)
26,695
Net cash provided by operating activities
1,326,252
1,372,865
1,022,003
Cash Flows From Investing Activities
Additions to property and equipment
(366,960
)
(646,691
)
(550,515
)
Increase in restricted cash and investments
4,065
(4,329
)
(2,895
)
Purchases of investments
(718
)
—
(12,012
)
Proceeds from investments
1,104
12,021
1,614
Net cash used in investing activities
(362,509
)
(638,999
)
(563,808
)
Cash Flows From Financing Activities
Excess tax benefit from stock-based compensation
42,302
29,415
26,906
Net proceeds from issuance of long-term debt
—
245,676
—
Issuance of common stock related to stock plans
20,186
21,978
19,074
Treasury stock purchased
(68,925
)
(39,041
)
(29,851
)
Repurchase of common stock
(700,000
)
(550,000
)
(550,000
)
Dividends paid
(192,312
)
(168,454
)
(147,917
)
Net cash used in financing activities
(898,749
)
(460,426
)
(681,788
)
Net increase (decrease) in cash and cash equivalents
64,994
273,440
(223,593
)
Cash and cash equivalents:
Beginning of year
696,608
423,168
646,761
End of year
$
761,602
$
696,608
$
423,168
Supplemental Cash Flow Disclosures
Interest paid
$
18,035
$
9,668
$
9,668
Income taxes paid
$
523,597
$
510,145
$
506,182
The accompanying notes are an integral part of these consolidated financial statements.