Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Oct. 31, 2020
Nov. 02, 2019
Cash flows from operating activities:    
Net income $ 839.1 $ 704.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 503.7 466.3
Provision for deferred income taxes 59.4 50.3
Stock-based compensation expense 70.5 52.5
Amortization of debt discount and debt-issuance costs 3.1 4.9
Other non-cash adjustments to net income 7.4 24.2
Changes in operating assets and liabilities 250.5 (287.7)
Net cash provided by operating activities 1,733.7 1,014.5
Cash flows from investing activities:    
Capital expenditures (707.0) (782.3)
Proceeds from governmental grant 0.0 16.5
Payments for fixed asset disposition (0.5) (2.9)
Net cash used in investing activities (707.5) (768.7)
Cash flows from financing activities:    
Principal payments for long-term debt (250.0) 0.0
Proceeds from revolving credit facility 750.0 0.0
Repayments of revolving credit facility (750.0) 0.0
Proceeds from stock issued pursuant to stock-based compensation plans 14.3 12.3
Cash paid for taxes on exercises/vesting of stock-based compensation (16.8) (24.3)
Payments for repurchase of stock (194.2) (200.0)
Net cash provided by (used in) financing activities (446.7) (212.0)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (0.3) (0.2)
Net increase in cash, cash equivalents and restricted cash 579.2 33.6
Cash, cash equivalents and restricted cash at beginning of period 586.0 446.7
Cash, cash equivalents and restricted cash at end of period 1,165.2 480.3
Cash paid for:    
Interest, net of amounts capitalized 80.4 89.7
Income taxes 300.5 248.9
Non-cash transactions:    
Accrued capital expenditures $ 41.3 $ 73.8