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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Apr. 28, 2024
Apr. 30, 2023
Cash flows from operating activities    
Net income $ 66,897 $ 22,859
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 28,000 28,898
Share-based compensation expense 65,385 48,553
Non-cash lease expense 8,004 11,933
Change in fair value of equity warrants and investments 926 8,948
Unrealized foreign currency losses, net 633 0
Other (1,929) 489
Net change in operating assets and liabilities:    
Accounts receivable (18,188) (25,807)
Inventories (33,147) (54,260)
Prepaid expenses and other current assets (8,467) (10,699)
Other non-current assets 250 298
Trade accounts payable 38,798 82,085
Accrued expenses and other current liabilities (58,325) 38,724
Operating lease liabilities (8,197) (5,229)
Other long-term liabilities 1,297 1,920
Net cash provided by operating activities 81,937 148,712
Cash flows from investing activities    
Capital expenditures (29,299) (21,573)
Purchases of marketable securities 0 (394,098)
Proceeds from maturities of marketable securities 535,000 350,000
Cash paid for acquisition of business, net of cash acquired 0 (367)
Net cash provided by (used in) investing activities 505,701 (66,038)
Cash flows from financing activities    
Income taxes paid for, net of proceeds from, parent reorganization transaction (54,793) 0
Principal repayments of finance lease obligations (262) (175)
Payments for tax withholdings related to vesting of share-based compensation awards (12) 0
Payments for tax sharing agreement with related parties 0 (3,761)
Payment of debt modification costs 0 (175)
Net cash used in financing activities (55,067) (4,111)
Effect of exchange rate changes on cash and cash equivalents (174) 0
Net increase in cash and cash equivalents 532,397 78,563
Cash and cash equivalents, as of beginning of period 602,232 331,641
Cash and cash equivalents, as of end of period $ 1,134,629 $ 410,204