v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Aug. 02, 2026
Aug. 03, 2025
Cash flows from operating activities    
Net income $ 524,271 $ 685,477
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 277,667 234,244
Stock-based compensation expense 50,275 21,247
Settlement of derivatives not designated in a hedging relationship (8,295) (11,921)
Changes in operating assets and liabilities:    
Accounts receivable 20,370 (15,929)
Inventories (14,350) (237,903)
Prepaid and receivable income taxes (132,203) (140,974)
Prepaid expenses and other current assets 16,308 69,037
Other non-current assets (40,626) (33,330)
Accounts payable 21,715 91,154
Accrued liabilities and other (72,446) (131,640)
Accrued compensation and related expenses (63,487) (61,249)
Current income taxes payable 22,805 (165,214)
Unredeemed gift card liability (37,628) (59,616)
Right-of-use lease assets and current and non-current lease liabilities 25,201 (2,776)
Other current and non-current liabilities (299) (30,885)
Net cash provided by operating activities 589,278 209,722
Cash flows from investing activities    
Purchase of property and equipment (277,056) (330,161)
Settlement of net investment hedges (2,807) 13,451
Other investing activities (1,939) (3,250)
Net cash used in investing activities (281,802) (319,960)
Cash flows from financing activities    
Proceeds from settlement of stock-based compensation 0 5,478
Taxes paid related to net share settlement of stock-based compensation (12,369) (26,514)
Repurchase of common stock (695,105) (715,672)
Other financing activities (4,751) (8,115)
Net cash used in financing activities (712,225) (744,823)
Effect of foreign currency exchange rate changes on cash and cash equivalents (12,716) 26,519
Decrease in cash and cash equivalents (417,465) (828,542)
Cash and cash equivalents, beginning of period 1,807,202 1,984,336
Cash and cash equivalents, end of period $ 1,389,737 $ 1,155,794