v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
May 03, 2026
May 04, 2025
Cash flows from operating activities    
Net income $ 195,048 $ 314,572
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 135,335 114,529
Stock-based compensation expense 29,186 23,091
Settlement of derivatives not designated in a hedging relationship 3,115 (47,520)
Changes in operating assets and liabilities:    
Accounts receivable 26,667 (18,504)
Inventories 23,642 (174,319)
Prepaid and receivable income taxes (69,333) (48,027)
Prepaid expenses and other current assets 6,159 22,676
Other non-current assets (33,472) (13,524)
Accounts payable (37,691) 22,489
Accrued liabilities and other (67,927) (42,971)
Accrued compensation and related expenses (16,054) (65,635)
Current income taxes payable 5,818 (160,295)
Unredeemed gift card liability (20,461) (40,665)
Right-of-use lease assets and current and non-current lease liabilities 18,158 (2,924)
Other current and non-current liabilities 16,250 (1,927)
Net cash provided by (used in) operating activities 214,440 (118,954)
Cash flows from investing activities    
Purchase of property and equipment (127,380) (152,263)
Settlement of net investment hedges (11,470) 48,671
Other investing activities 0 (3,250)
Net cash used in investing activities (138,850) (106,842)
Cash flows from financing activities    
Proceeds from settlement of stock-based compensation 0 221
Taxes paid related to net share settlement of stock-based compensation (12,019) (25,641)
Repurchase of common stock (361,756) (434,439)
Other financing activities (4,750) (8,115)
Net cash used in financing activities (378,525) (467,974)
Effect of foreign currency exchange rate changes on cash and cash equivalents 10,462 34,706
Decrease in cash and cash equivalents (292,473) (659,064)
Cash and cash equivalents, beginning of period 1,807,202 1,984,336
Cash and cash equivalents, end of period $ 1,514,729 $ 1,325,272