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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
May 04, 2025
May 05, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (13,995) $ (35,009)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 33,770 33,943
Stock-based compensation expense 96,275 112,994
Noncash portion of lease impairment and abandonment 0 3,270
Other 705 1,606
Changes in operating assets and liabilities:    
Accounts receivable, net 269,542 238,768
Inventory 2,669 (1,705)
Deferred commissions (3,657) 7,707
Prepaid expenses and other assets (19,440) (9,219)
Operating lease right-of-use assets 8,397 8,122
Accounts payable (26,991) (26,581)
Accrued compensation and other liabilities (84,343) (109,124)
Operating lease liabilities (11,238) (10,226)
Deferred revenue 32,242 6,954
Net cash provided by operating activities 283,936 221,500
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (72,346) (48,818)
Purchase of strategic investment 0 (5,000)
Purchases of marketable securities (114,896) (160,123)
Sales of marketable securities 18,207 37,689
Maturities of marketable securities 57,253 127,857
Net cash used in investing activities (111,782) (48,395)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of stock options 5,359 13,223
Proceeds from issuance of common stock under employee stock purchase plan 27,240 25,328
Principal payments on borrowings and finance lease obligations (1,125) (1,099)
Tax withholding on vesting of equity awards (61,300) (12,478)
Repurchases of common stock (119,936) 0
Net cash provided by (used in) financing activities (149,762) 24,974
Net increase in cash, cash equivalents and restricted cash 22,392 198,079
Cash, cash equivalents and restricted cash, beginning of period 737,750 712,131
Cash, cash equivalents and restricted cash, end of period 760,142 910,210
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD    
Cash and cash equivalents 739,336 900,615
Restricted cash 20,806 9,595
Restricted cash included in prepaid expenses and other current assets 1,800  
Cash, cash equivalents and restricted cash, end of period 760,142 910,210
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest 1,427 1,743
Cash paid for income taxes 8,273 3,542
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING INFORMATION    
Property and equipment purchased but not yet paid $ 15,977 $ 15,242