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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jan. 30, 2022
Jan. 31, 2021
Feb. 02, 2020
Cash flows from operating activities      
Net loss $ (73,817) $ (92,486) $ (252,370)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 55,009 35,664 30,645
Share-based compensation expense 77,772 121,265 134,926
Non-cash lease expense 32,958 25,996 18,208
Other 595 306 2,511
Net change in operating assets and liabilities:      
Accounts receivable (22,811) (20,221) (31,740)
Inventories (47,126) (195,496) (96,953)
Prepaid expenses and other current assets (18,931) (9,661) (10,134)
Other non-current assets (4,960) (442) (2,125)
Trade accounts payable 104,951 95,316 180,169
Accrued expenses and other current liabilities 125,655 186,895 80,824
Operating lease liabilities (19,850) (12,884) (10,304)
Other long-term liabilities (17,706) (1,497) 2,924
Net cash provided by operating activities 191,739 132,755 46,581
Cash flows from investing activities      
Capital expenditures (183,186) (130,743) (48,636)
Acquisition of assets (10,086) 0 0
Cash reimbursements from PetSmart, net of advances 0 9,048 (1,225)
Other 0 (2,000) 0
Net cash used in investing activities (193,272) (123,695) (49,861)
Cash flows from financing activities      
Proceeds from tax sharing agreement with related parties 43,714 23,212 17,300
Proceeds from issuance of common stock, net of offering costs 0 318,388 0
Proceeds from initial public offering, net of underwriting discounts, commissions and offering costs 0 0 110,349
Contribution from PetSmart 0 1,300 1,300
Payment of debt modification and issuance costs (1,584) 0 (1,459)
Principal repayments of finance lease obligations (863) (703) (229)
Other 0 0 (224)
Net cash provided by financing activities 41,267 342,197 127,037
Net increase in cash and cash equivalents 39,734 351,257 123,757
Cash and cash equivalents, as of beginning of period 563,345 212,088 88,331
Cash and cash equivalents, as of end of period 603,079 563,345 212,088
Supplemental disclosure of cash flow information      
Cash paid for interest $ 2,051 $ 1,896 $ 375