v3.23.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Jan. 29, 2023
Jan. 30, 2022
Jan. 31, 2021
Cash flows from operating activities      
Net income $ 854,800 $ 975,322 $ 588,913
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 291,791 224,206 185,478
Impairment of goodwill and other assets 407,913 0 0
Gain on disposal of assets (10,180) 0 0
Stock-based compensation expense 78,075 69,137 50,797
Derecognition of unredeemed gift card liability (23,337) (18,699) (13,696)
Settlement of derivatives not designated in a hedging relationship (38,649) 15,191 4,485
Deferred income taxes 3,042 (5,180) 34,908
Changes in operating assets and liabilities:      
Inventories (510,510) (323,609) (96,548)
Prepaid and receivable income taxes (66,714) 20,108 (53,966)
Prepaid expenses and other current assets (113,820) (82,404) (70,999)
Other non-current assets (36,518) (17,556) (49,056)
Accounts payable (107,280) 117,655 82,663
Accrued liabilities and other 65,364 103,878 99,161
Accrued compensation and related expenses 47,254 75,273 (6,692)
Current and non-current income taxes payable 35,986 120,778 (24,125)
Unredeemed gift card liability 68,266 71,441 47,962
Right-of-use lease assets and current and non-current lease liabilities 23,905 13,494 13,267
Other current and non-current liabilities (2,925) 30,073 10,784
Net cash provided by operating activities 966,463 1,389,108 803,336
Cash flows from investing activities      
Purchase of property and equipment (638,657) (394,502) (229,226)
Settlement of net investment hedges 47,804 (23,389) (14,607)
Acquisition, net of cash acquired 0 0 (452,581)
Other investing activities 20,916 (10,000) 882
Net cash used in investing activities (569,937) (427,891) (695,532)
Cash flows from financing activities      
Proceeds from settlement of stock-based compensation 11,704 18,194 15,263
Shares withheld related to net share settlement of stock-based compensation (35,158) (49,809) (32,388)
Repurchase of common stock (444,001) (812,602) (63,663)
Other financing activities (32) (770) 0
Net cash used in financing activities (467,487) (844,987) (80,788)
Effect of foreign currency exchange rate changes on cash and cash equivalents (34,043) (6,876) 29,996
Increase (decrease) in cash and cash equivalents (105,004) 109,354 57,012
Cash and cash equivalents, beginning of period 1,259,871 1,150,517 1,093,505
Cash and cash equivalents, end of period $ 1,154,867 $ 1,259,871 $ 1,150,517