v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Cash flows from operating activities:      
Net income $ 418,400,000 $ 131,300,000 $ 6,700,000
Adjustments to reconcile net income to net cash flows from operating activities:      
Depreciation and amortization 14,600,000 38,900,000 56,200,000
Stock-based compensation expense, net 26,700,000 16,400,000 22,200,000
Loss on digital assets and related receivables 131,600,000 0 0
Warrants issued to Convertible Noteholders 42,200,000 0 0
Asset impairments 53,800,000 9,700,000 4,800,000
Deferred income taxes (66,700,000) (1,800,000) (100,000)
Loss (Gain) on disposal of property and equipment, net 4,200,000 (7,100,000) 1,500,000
Other, net (10,600,000) 1,200,000 800,000
Changes in operating assets and liabilities:      
Receivables, net 6,000,000.0 28,900,000 65,000,000.0
Merchandise inventories, net 12,600,000 94,500,000 39,900,000
Prepaid expenses and other assets 6,600,000 4,900,000 10,400,000
Prepaid income taxes and income taxes payable (11,000,000.0) 3,700,000 (2,400,000)
Accounts payable and accrued liabilities 800,000 (179,500,000) (397,700,000)
Operating lease right-of-use assets and lease liabilities 400,000 1,600,000 (8,100,000)
Changes in other long-term liabilities (14,800,000) 3,000,000.0 (2,900,000)
Net cash flows provided by (used in) operating activities 614,800,000 145,700,000 (203,700,000)
Cash flows from investing activities:      
Purchases of marketable securities (2,770,500,000) (61,400,000) (326,800,000)
Purchase of digital assets (500,000,000.0) 0 0
Capital expenditures (17,500,000) (16,100,000) (34,900,000)
Investment in collaboration agreement (17,500,000) 0 0
Proceeds from maturities and sales of marketable securities 90,200,000 316,800,000 312,600,000
Proceeds from sale of property and equipment 300,000 15,300,000 13,100,000
Proceeds from other divestitures, net of cash disposed (400,000) 0 0
Proceeds from sale of a business unit 0 7,000,000.0 0
Proceeds from sale of digital assets 0 0 2,800,000
Other 5,600,000 3,500,000 0
Net cash flows provided by (used in) investing activities (3,209,800,000) 265,100,000 (33,200,000)
Cash flows from financing activities:      
Proceeds from issuance of convertible debt 4,200,000,000 0 0
Debt issuance costs from convertible debt and warrants (42,100,000) 0 0
Proceeds from the issuance of shares in at-the-market offerings 0 3,453,800,000 0
Repayments of French term loans (11,900,000) (10,800,000) (10,700,000)
Proceeds from the exercise of warrants 214,873 0 0
Settlement of stock-based awards 0 0 (900,000)
Proceeds from equity awards directly withheld from employees for tax purposes 9,900,000 8,700,000 9,500,000
Payments to tax authorities for equity awards directly withheld from employees (9,900,000) (8,700,000) (9,500,000)
Net cash flows provided by (used in) financing activities 4,146,200,000 3,443,000,000 (11,600,000)
Exchange rate effect on cash, cash equivalents and restricted cash 9,600,000 (2,900,000) (8,600,000)
Less: Net change in cash balances classified as assets held-for-sale (22,500,000) 0 0
Increase (decrease) in cash, cash equivalents and restricted cash 1,538,300,000 3,850,900,000 (257,100,000)
Cash, cash equivalents and restricted cash at beginning of period 4,789,800,000 938,900,000 1,196,000,000
Cash, cash equivalents and restricted cash at end of period 6,328,100,000 4,789,800,000 938,900,000
SUPPLEMENTAL CASH FLOW INFORMATION:      
Cash received for interest income 322,900,000 162,900,000 47,900,000
Cash paid for interest (48,300,000) (1,200,000) (3,200,000)
Cash received for interest, net 274,600,000 161,700,000 44,700,000
Cash paid for income taxes (37,100,000) (6,200,000) (11,200,000)
Cash tax refunds received 3,300,000 4,400,000 3,000,000.0
Cash paid for income taxes, net (33,800,000) (1,800,000) (8,200,000)
Cash paid for operating leases (170,000,000.0) (254,000,000.0) (270,600,000)
Leased assets obtained in exchange for new operating lease liabilities 61,400,000 65,800,000 263,700,000
Non-cash investing and financing activities:      
Accruals related to purchases of property and equipment 100,000 200,000 300,000
Reclassification of digital assets from intangible assets to receivables $ 368,300,000 $ 0 $ 0