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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
May 08, 2022
May 02, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (11,535) $ (84,206)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 22,663 18,826
Amortization of debt discount and debt issuance costs 801 7,403
Stock-based compensation expense 74,571 61,334
Other 146 2,621
Changes in operating assets and liabilities:    
Accounts receivable, net 196,129 133,380
Inventory (1,699) (3,508)
Deferred commissions 15,309 2,049
Prepaid expenses and other assets (11,742) (30,407)
Operating lease right-of-use assets 7,749 7,581
Accounts payable (7,419) (24,354)
Accrued compensation and other liabilities (88,963) (84,837)
Operating lease liabilities (8,480) (6,897)
Deferred revenue 32,602 22,463
Net cash provided by operating activities 220,132 21,448
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (32,810) (27,829)
Purchases of marketable securities (17,251) (171,563)
Sales of marketable securities 0 85,537
Maturities of marketable securities 116,175 65,740
Net cash (used in) provided by investing activities 66,114 (48,115)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net proceeds from exercise of stock options 11,405 8,016
Proceeds from issuance of common stock under employee stock purchase plan 19,396 17,726
Principal payments on borrowings and finance lease obligations (251,395) (344)
Tax withholding on vesting of equity awards (10,194) (5,050)
Repurchases of common stock (66,420) (30,020)
Net cash used in financing activities (297,208) (9,672)
Net decrease in cash, cash equivalents and restricted cash (10,962) (36,339)
Cash, cash equivalents and restricted cash, beginning of period 476,743 347,691
Cash, cash equivalents and restricted cash, end of period 465,781 311,352
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD    
Cash and cash equivalents 455,237 300,808
Restricted cash 10,544 10,544
Cash, cash equivalents and restricted cash, end of period 465,781 311,352
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest 715 1,455
Cash paid for income taxes 1,848 3,750
Cash paid for amounts included in the measurement of operating lease liabilities 11,924 8,820
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING INFORMATION    
Property and equipment purchased but not yet paid 6,413 8,366
Operating lease right-of-use assets obtained in exchange for operating lease liabilities $ 8,912 $ 2,495