v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Aug. 02, 2026
Aug. 03, 2025
Cash flows from operating activities    
Net income $ 175.3 $ 124.4
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 76.7 62.1
Share-based compensation expense 150.4 150.4
Non-cash lease expense 19.6 17.4
Unrealized foreign currency (gains) losses, net 0.0 (0.2)
Other adjustments 6.8 5.8
Net change in operating assets and liabilities:    
Accounts receivable (8.2) (52.1)
Inventories (44.9) (37.5)
Prepaid expenses and other current assets (2.7) (32.2)
Other non-current assets (0.4) 0.0
Trade accounts payable (65.3) 50.0
Accrued expenses and other current liabilities (49.3) (49.8)
Operating lease liabilities (18.5) (16.9)
Other long-term liabilities 6.4 (1.1)
Net cash provided by operating activities 245.9 220.3
Cash flows from investing activities    
Capital expenditures (85.6) (65.7)
Proceeds from maturities of marketable securities 39.2 0.0
Purchases of marketable securities (21.4) 0.0
Cash paid for acquisition of businesses, net of cash acquired (552.8) 0.0
Other investing activities 0.0 (5.2)
Net cash (used in) investing activities (620.6) (70.9)
Cash flows from financing activities    
Repurchases of common stock (400.0) (152.6)
Proceeds from, net of income taxes paid for, parent reorganization transaction 4.3 2.3
Repayment of borrowings and related financing costs 0.0 (0.8)
Proceeds from debt 811.7 0.0
Principal repayments of debt (220.0) 0.0
Payments for tax withholdings related to vesting of share-based compensation awards (68.7) 0.0
Other financing activities (1.4) (2.9)
Net cash provided by (used in) financing activities 125.9 (154.0)
Effect of exchange rate changes on cash and cash equivalents (0.3) 0.6
Net (decrease) in cash and cash equivalents (249.1) (4.0)
Cash and cash equivalents, as of beginning of period 860.1 595.8
Cash and cash equivalents, as of end of period $ 611.0 $ 591.8