Use the income statement to respond to the following items:

a) What are the major expenses? What percentage of total revenue does each represent?

b) Are there any unusual or discontinued items reported on the income statement? If so, are they

large in magnitude?

c) Was the company more or less profitable when compared with the prior year?

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Feb. 02, 2020	Feb. 03, 2019
Cash flows from operating activities
Net income	$ 588,913	$ 645,596	$ 483,801
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	185,478	161,933	122,484
Stock-based compensation expense	50,797	45,593	28,568
Derecognition of unredeemed gift card liability	(13,696)	(11,939)	(6,859)
Settlement of derivatives not designated in a hedging relationship	4,485	(1,925)	(14,876)
Deferred income taxes	34,908	24,129	16,786
Changes in operating assets and liabilities:
Inventories	(96,548)	(117,591)	(85,942)
Prepaid and receivable income taxes	(53,966)	(35,775)	(437)
Prepaid expenses and other current assets	(70,999)	(53,754)	(28,546)
Other non-current assets	(49,056)	(27,852)	(2,107)
Accounts payable	82,663	(14,810)	71,962
Accrued inventory liabilities	8,046	(9,598)	4,312
Other accrued liabilities	91,115	14,276	9,416
Accrued compensation and related expenses	(6,692)	25,326	41,600
Current and non-current income taxes payable	(24,125)	(34,137)	46,428
Unredeemed gift card liability	47,962	33,289	24,885
Right-of-use lease assets and current and non-current lease liabilities	13,267	17,422	0
Other current and non-current liabilities	10,784	9,133	31,304
Net cash provided by operating activities	803,336	669,316	742,779
Cash flows from investing activities
Purchase of property and equipment	(229,226)	(283,048)	(225,807)
Settlement of net investment hedges	(14,607)	347	(16,216)
Acquisition, net of cash acquired	(452,581)	0	0
Other investing activities	882	4,293	(771)
Net cash used in investing activities	(695,532)	(278,408)	(242,794)
Cash flows from financing activities
Proceeds from settlement of stock-based compensation	15,263	18,170	17,650
Taxes paid related to net share settlement of stock-based compensation	(32,388)	(21,944)	(8,779)
Repurchase of common stock	(63,663)	(173,399)	(598,340)
Other financing activities	0	0	(745)
Net cash used in financing activities	(80,788)	(177,173)	(590,214)
Effect of exchange rate changes on cash	29,996	(1,550)	(18,952)
Increase (decrease) in cash and cash equivalents	57,012	212,185	(109,181)
Cash and cash equivalents, beginning of period	1,093,505	881,320	990,501
Cash and cash equivalents, end of period	$ 1,150,517	$ 1,093,505	$ 881,320