v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Feb. 01, 2026
Feb. 02, 2025
Jan. 28, 2024
Cash flows from operating activities      
Net income $ 222.8 $ 392.7 $ 39.6
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 129.3 114.6 109.7
Share-based compensation expense 297.9 306.4 239.1
Non-cash lease expense 37.3 33.0 37.8
Change in fair value of equity warrants and investments 3.0 (1.5) (13.1)
Provision for deferred taxes 28.6 (257.5) 0.0
Unrealized foreign currency (gains) losses, net (0.2) 1.1 (0.4)
Other adjustments 8.0 1.0 3.9
Net change in operating assets and liabilities:      
Accounts receivable (53.1) (15.1) (27.1)
Inventories (27.7) (117.8) (41.2)
Prepaid expenses and other current assets (21.8) (14.0) (50.1)
Other non-current assets (3.5) 3.5 (29.9)
Trade accounts payable 45.4 71.1 71.8
Accrued expenses and other current liabilities 53.0 109.7 152.3
Operating lease liabilities (34.0) (32.0) (27.2)
Other long-term liabilities 6.6 1.1 21.0
Net cash provided by operating activities 691.6 596.3 486.2
Cash flows from investing activities      
Capital expenditures (129.2) (143.8) (143.3)
Proceeds from sales and maturities of marketable securities 24.0 538.4 3,078.0
Purchases of marketable securities (41.4) 0.0 (3,221.7)
Other investing activities (5.2) 0.0 (0.4)
Net cash (used in) provided by investing activities (151.8) 394.6 (287.4)
Cash flows from financing activities      
Repurchases of common stock (262.5) (942.8) 0.0
Income taxes paid for, net of proceeds from, parent reorganization transaction (9.2) (51.9) 60.6
Payments of secondary offering costs (1.2) (1.1) 0.0
Principal repayments of finance lease obligations (0.2) (0.9) (0.5)
Capital contribution from parent reorganization transaction 0.0 0.0 22.0
Payments for tax sharing agreement with related parties 0.0 0.0 (10.3)
Other financing activities (2.9) 0.0 (0.2)
Net cash (used in) provided by financing activities (276.0) (996.7) 71.6
Effect of exchange rate changes on cash and cash equivalents 0.5 (0.6) 0.2
Net increase (decrease) in cash and cash equivalents 264.3 (6.4) 270.6
Cash and cash equivalents, as of beginning of period 595.8 602.2 331.6
Cash and cash equivalents, as of end of period $ 860.1 $ 595.8 $ 602.2