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
 6 Months Ended
Jul. 30, 2022
Jul. 31, 2021
Cash flows from operating activities:    
Net income $ 896.3 $ 656.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 382.4 348.8
Provision for deferred income taxes 78.8 17.3
Stock-based compensation expense 66.1 49.6
Amortization of debt discount and debt-issuance costs 2.3 3.3
Other non-cash adjustments to net income 18.8 6.0
Changes in operating assets and liabilities (924.1) (345.8)
Net cash provided by operating activities 520.6 736.1
Cash flows from investing activities:    
Capital expenditures (529.6) (454.0)
Proceeds from governmental grant 0.0 2.3
Proceeds from (payments for) fixed asset disposition (3.8)  
Proceeds from (payments for) fixed asset disposition   0.2
Net cash used in investing activities (533.4) (451.5)
Cash flows from financing activities:    
Proceeds from stock issued pursuant to stock-based compensation plans 4.8 6.6
Cash paid for taxes on exercises/vesting of stock-based compensation (38.1) (39.9)
Payments for repurchase of stock (250.0) (947.5)
Net cash used in financing activities (283.3) (980.8)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 0.2 0.3
Net decrease in cash, cash equivalents and restricted cash (295.9) (695.9)
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 742.4 767.7
Cash paid for:    
Interest, net of amounts capitalized 64.3 65.1
Income taxes 253.2 285.8
Non-cash transactions:    
Right-of-use assets obtained in exchange for new operating lease liabilities 726.1 700.2
Accrued capital expenditures $ 96.1 $ 61.2