v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Aug. 03, 2025
Jul. 28, 2024
Cash flows from operating activities    
Net income $ 685,477 $ 714,343
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 234,244 199,332
Stock-based compensation expense 21,247 47,325
Settlement of derivatives not designated in a hedging relationship (11,921) (12,816)
Changes in operating assets and liabilities:    
Accounts receivable (15,929) (2,628)
Inventories (237,903) (126,076)
Prepaid and receivable income taxes (140,974) (28,554)
Prepaid expenses and other current assets 69,037 (13,340)
Other non-current assets (33,330) (48,768)
Accounts payable 91,154 (23,683)
Accrued liabilities and other (131,640) 60,123
Accrued compensation and related expenses (61,249) (147,810)
Current and non-current income taxes payable (165,214) (8,662)
Unredeemed gift card liability (59,616) (54,226)
Right-of-use lease assets and current and non-current lease liabilities (2,776) 18,878
Other current and non-current liabilities (30,885) (2,774)
Net cash provided by operating activities 209,722 570,664
Cash flows from investing activities    
Purchase of property and equipment (330,161) (275,767)
Settlement of net investment hedges 13,451 14,151
Other investing activities (3,250) (5,009)
Net cash used in investing activities (319,960) (266,625)
Cash flows from financing activities    
Proceeds from settlement of stock-based compensation 5,478 5,763
Taxes paid related to net share settlement of stock-based compensation (26,514) (33,371)
Repurchase of common stock (715,672) (888,935)
Other financing activities (8,115) 0
Net cash used in financing activities (744,823) (916,543)
Effect of foreign currency exchange rate changes on cash and cash equivalents 26,519 (21,355)
Decrease in cash and cash equivalents (828,542) (633,859)
Cash and cash equivalents, beginning of period 1,984,336 2,243,971
Cash and cash equivalents, end of period $ 1,155,794 $ 1,610,112