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Fiscal Year Ended 1/28/2018 1/29/2017 1/31/2016 2/1/2015 2/2/2014 Yr '16-'17 (in thousands, except per share data) Selected Income Statement Data Net revenue $ 2,649,181 $

Fiscal Year Ended
1/28/2018 1/29/2017 1/31/2016 2/1/2015 2/2/2014 Yr '16-'17
(in thousands, except per share data)
Selected Income Statement Data
Net revenue $ 2,649,181 $ 2,344,392 $ 2,060,523 $ 1,797,213 $ 1,591,188 13%
Cost of goods sold 1,250,391 1,144,775 1,063,357 883,033 751,112 9%
Gross profit 1,398,790 1,199,617 997,166 914,180 840,076 17%
SG&A 904,264 778,465 628,090 538,147 448,718 16%
Asset impairment and restructuring cost 38,525 - - - -
Operating profit 456,001 421,152 369,076 376,033 391,358 8%
Net profit (loss) $ 258,662 $ 303,381 $ 266,047 $ 239,033 $ 279,547 -15%
Earnings per share - basic $ 1.90 $ 2.21 $ 1.90 $ 1.66 $ 1.93 -14%
Earnings per share - diluted 1.90 2.21 1.89 1.66 1.91 -14%
Balance Sheet Data
Cash & cash equivalents $ 990,501 $ 734,846 $ 501,482 $ 664,479 $ 698,649 35%
Inventories 329,562 298,432 284,009 208,116 188,790 10%
Total assets 1,998,483 1,657,541 1,314,077 1,296,213 1,252,388 21%
Stockholders' equity 1,596,960 1,359,973 1,027,482 1,089,568 1,096,682 17%

What is the most significant change from FISCAL 2016 to 2017 (end 1/28/18) on the balance sheet or income statement, what does this change tell you about their strategy (i.e., what do the data communicate about the way the company is being managed?), and how does your account about their strategy similar to or different from what others and/or company management say about it?

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