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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
May 05, 2024
May 07, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (35,009) $ (67,401)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 33,943 29,690
Stock-based compensation expense 112,994 77,830
Noncash portion of lease impairment and abandonment 3,270 0
Other 1,606 (1,804)
Changes in operating assets and liabilities:    
Accounts receivable, net 238,768 221,205
Inventory (1,705) 308
Deferred commissions 7,707 (2,331)
Prepaid expenses and other assets (9,219) (6,095)
Operating lease right-of-use assets 8,122 11,001
Accounts payable (26,581) (3,993)
Accrued compensation and other liabilities (109,124) (89,082)
Operating lease liabilities (10,226) (6,100)
Deferred revenue 6,954 10,019
Net cash provided by operating activities 221,500 173,247
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (48,818) (51,424)
Purchases of marketable securities and other (165,123) (128,788)
Sales of marketable securities 37,689 43,040
Maturities of marketable securities 127,857 288,373
Net cash provided by (used in) investing activities (48,395) 151,201
CASH FLOWS FROM FINANCING ACTIVITIES    
Net proceeds from exercise of stock options 13,223 4,630
Proceeds from issuance of common stock under employee stock purchase plan 25,328 21,219
Principal payments on borrowings and finance lease obligations (1,099) (576,780)
Proceeds from borrowings 0 100,000
Tax withholding on vesting of equity awards (12,478) (6,759)
Repurchases of common stock 0 (69,911)
Net cash provided by (used in) financing activities 24,974 (527,601)
Net increase (decrease) in cash, cash equivalents and restricted cash 198,079 (203,153)
Cash, cash equivalents and restricted cash, beginning of period 712,131 591,398
Cash, cash equivalents and restricted cash, end of period 910,210 388,245
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD    
Cash and cash equivalents 900,615 378,285
Restricted cash 9,595 9,960
Cash, cash equivalents and restricted cash, end of period 910,210 388,245
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest 1,743 390
Cash paid for income taxes 3,542 9,328
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING INFORMATION    
Property and equipment purchased but not yet paid $ 15,242 $ 22,036