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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jul. 28, 2024
Jul. 30, 2023
Cash flows from operating activities    
Net income $ 366,014 $ 43,066
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 56,455 56,712
Share-based compensation expense 146,958 114,549
Non-cash lease expense 16,179 22,072
Change in fair value of equity warrants and investments 592 (20,244)
Deferred income tax benefit (275,669) 0
Unrealized foreign currency losses, net 1,064 0
Other (2,501) 793
Net change in operating assets and liabilities:    
Accounts receivable (46,991) (37,487)
Inventories (84,212) (64,969)
Prepaid expenses and other current assets (5,207) (16,843)
Other non-current assets 2,005 (1,975)
Trade accounts payable 74,891 90,445
Accrued expenses and other current liabilities (28,513) 131,374
Operating lease liabilities (16,744) (11,066)
Other long-term liabilities 1,026 860
Net cash provided by operating activities 205,347 307,287
Cash flows from investing activities    
Capital expenditures (61,225) (79,217)
Proceeds from maturities of marketable securities 538,402 350,000
Purchases of marketable securities 0 (442,769)
Cash paid for acquisition of business, net of cash acquired 0 (367)
Net cash provided by (used in) investing activities 477,177 (172,353)
Cash flows from financing activities    
Repurchases of common stock (531,956) 0
Income taxes paid for, net of proceeds from, parent reorganization transaction (57,559) 0
Principal repayments of finance lease obligations (535) (354)
Payments for tax withholdings related to vesting of share-based compensation awards (12) (5)
Payments for tax sharing agreement with related parties 0 (7,606)
Payment of debt modification costs 0 (175)
Net cash used in financing activities (590,062) (8,140)
Effect of exchange rate changes on cash and cash equivalents (234) 0
Net increase in cash and cash equivalents 92,228 126,794
Cash and cash equivalents, as of beginning of period 602,232 331,641
Cash and cash equivalents, as of end of period $ 694,460 $ 458,435