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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
May 02, 2021
May 03, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (84,206) $ (90,594)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 18,826 15,133
Amortization of debt discount and debt issuance costs 7,403 6,936
Stock-based compensation expense 61,334 58,694
Other 2,621 1,705
Changes in operating assets and liabilities:    
Accounts receivable, net 133,380 109,441
Inventory (3,508) (1,370)
Deferred commissions 2,049 (3,159)
Prepaid expenses and other assets (30,407) (6,298)
Operating lease right-of-use assets 7,581 6,706
Accounts payable (24,354) (14,294)
Accrued compensation and other liabilities (84,837) (49,643)
Operating lease liabilities (6,897) (6,926)
Deferred revenue 22,463 8,772
Net cash provided by operating activities 21,448 35,103
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (27,829) (23,782)
Purchases of marketable securities (171,563) (98,161)
Sales of marketable securities 85,537 17,657
Maturities of marketable securities 65,740 95,375
Net cash used in investing activities (48,115) (8,911)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net proceeds from exercise of stock options 8,016 9,275
Proceeds from issuance of common stock under employee stock purchase plan 17,726 16,021
Proceeds from borrowing 0 4,950
Repayments of borrowing (344) 0
Tax withholding on vesting of equity awards (5,050) (1,374)
Repurchases of common stock (30,020) (70,119)
Net cash used in financing activities (9,672) (41,247)
Net decrease in cash, cash equivalents and restricted cash (36,339) (15,055)
Cash, cash equivalents and restricted cash, beginning of period 347,691 377,922
Cash, cash equivalents and restricted cash, end of period 311,352 362,867
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest 1,455 359
Cash paid for income taxes 3,750 2,376
Cash paid for amounts included in the measurement of lease liabilities 8,820 8,688
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING INFORMATION    
Property and equipment purchased but not yet paid 8,366 8,274
Operating lease right-of-use assets obtained in exchange for operating lease liabilities $ 2,495 $ 10,812