v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Aug. 03, 2025
Jul. 28, 2024
Cash flows from operating activities    
Net income $ 124.4 $ 366.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 62.1 56.5
Share-based compensation expense 150.4 147.0
Non-cash lease expense 17.4 16.2
Deferred income tax benefit 0.0 (275.7)
Unrealized foreign currency (gains) losses, net (0.2) 1.0
Other adjustments 5.8 (1.9)
Net change in operating assets and liabilities:    
Accounts receivable (52.1) (47.0)
Inventories (37.5) (84.2)
Prepaid expenses and other current assets (32.2) (5.2)
Other non-current assets 0.0 2.0
Trade accounts payable 50.0 74.9
Accrued expenses and other current liabilities (49.8) (28.5)
Operating lease liabilities (16.9) (16.8)
Other long-term liabilities (1.1) 1.0
Net cash provided by operating activities 220.3 205.3
Cash flows from investing activities    
Capital expenditures (65.7) (61.2)
Proceeds from maturities of marketable securities 0.0 538.4
Other investing activities (5.2) 0.0
Net cash (used in) provided by investing activities (70.9) 477.2
Cash flows from financing activities    
Repurchases of common stock (152.6) (532.0)
Proceeds from, net of income taxes paid for, parent reorganization transaction 2.3 (57.5)
Payments of secondary offering costs (0.7) 0.0
Principal repayments of finance lease obligations (0.1) (0.5)
Other financing activities (2.9) 0.0
Net cash used in financing activities (154.0) (590.0)
Effect of exchange rate changes on cash and cash equivalents 0.6 (0.2)
Net (decrease) increase in cash and cash equivalents (4.0) 92.3
Cash and cash equivalents, as of beginning of period 595.8 602.2
Cash and cash equivalents, as of end of period $ 591.8 $ 694.5