v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
May 03, 2026
May 04, 2025
Cash flows from operating activities    
Net income $ 94.8 $ 62.4
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 37.0 30.0
Share-based compensation expense 66.9 74.5
Non-cash lease expense 9.3 8.6
Change in fair value of equity warrants and investments 0.6 2.6
Unrealized foreign currency (gains) losses, net 0.0 (0.2)
Other adjustments 2.1 4.9
Net change in operating assets and liabilities:    
Accounts receivable (8.4) (30.9)
Inventories (128.0) 30.1
Prepaid expenses and other current assets (6.6) (27.4)
Other non-current assets (1.9) (0.5)
Trade accounts payable 83.6 1.1
Accrued expenses and other current liabilities (33.4) (61.7)
Operating lease liabilities (10.2) (9.2)
Other long-term liabilities 2.7 2.1
Net cash provided by operating activities 108.5 86.4
Cash flows from investing activities    
Capital expenditures (37.7) (37.7)
Proceeds from maturities of marketable securities 5.3 0.0
Purchases of marketable securities (21.4) 0.0
Cash paid for acquisition of business, net of cash acquired (174.8) 0.0
Other investing activities 0.0 (3.5)
Net cash (used in) provided by investing activities (228.6) (41.2)
Cash flows from financing activities    
Repurchases of common stock (200.0) (23.1)
Proceeds from, net of income taxes paid for, parent reorganization transaction 0.0 1.6
Principal repayments of finance lease obligations 0.0 (0.1)
Payments of secondary offering costs 0.0 (0.5)
Payments for tax withholdings related to vesting of share-based compensation awards (53.3) 0.0
Other financing activities (1.5) (2.9)
Net cash used in financing activities (254.8) (25.0)
Effect of exchange rate changes on cash and cash equivalents 0.0 0.4
Net (decrease) increase in cash and cash equivalents (374.9) 20.6
Cash and cash equivalents, as of beginning of period 860.1 595.8
Cash and cash equivalents, as of end of period $ 485.2 $ 616.4