v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Apr. 30, 2022
May 01, 2021
Cash flows from operating activities:    
Net income $ 536.4 $ 374.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 188.9 172.7
Provision for deferred income taxes 74.3 22.0
Stock-based compensation expense 35.8 31.8
Amortization of debt discount and debt-issuance costs 1.1 1.6
Other non-cash adjustments to net income 15.7 1.2
Changes in operating assets and liabilities (313.7) (47.6)
Net cash provided by operating activities 538.5 556.2
Cash flows from investing activities:    
Capital expenditures (253.4) (224.9)
Proceeds from governmental grant 0.0 2.3
Payments for fixed asset disposition (2.9) (0.2)
Net cash used in investing activities (256.3) (222.8)
Cash flows from financing activities:    
Proceeds from stock issued pursuant to stock-based compensation plans 2.9 4.0
Cash paid for taxes on exercises/vesting of stock-based compensation (37.8) (39.3)
Payments for repurchase of stock (14.2) (241.3)
Net cash used in financing activities (49.1) (276.6)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 0.5 0.4
Net increase in cash, cash equivalents and restricted cash 233.6 57.2
Cash, cash equivalents and restricted cash at beginning of period 1,038.3 1,463.6
Cash, cash equivalents and restricted cash at end of period 1,271.9 1,520.8
Cash paid for:    
Interest, net of amounts capitalized 0.0 0.3
Income taxes 6.6 6.3
Non-cash transactions:    
Right-of-use assets obtained in exchange for new operating lease liabilities 297.3 368.3
Accrued capital expenditures $ 45.2 $ 51.1

Source