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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Aug. 03, 2024
Jul. 29, 2023
Operating activities    
Net loss $ (105,899) $ (127,824)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 9,088 7,193
Stock-based compensation expense 136,260 112,604
Net accretion of discounts on investments (8,289) (8,623)
Other non-cash adjustments 1,712 109
Changes in operating assets and liabilities:    
Accounts receivable, net (20,160) 6,767
Inventories (18,406) 18,803
Prepaid expenses and other current assets 12,957 243
Connected device costs (10,887) (27,664)
Deferred commissions (10,882) (13,078)
Other assets, non-current 934 371
Accounts payable and other liabilities (1,977) (5,249)
Deferred revenue 57,236 50,471
Operating lease right-of-use assets and liabilities, net 100 4,051
Net cash provided by operating activities 41,787 18,174
Investing activities    
Purchases of property and equipment (10,054) (5,503)
Purchases of investments (330,057) (374,389)
Proceeds from sales of investments 1,247 4,474
Proceeds from maturities and redemptions of investments 305,726 340,878
Other investing activities (100) (50)
Net cash used in investing activities (33,238) (34,590)
Financing activities    
Proceeds from issuance of common stock in connection with equity compensation plans 16,923 13,170
Payment of principal on finance leases (944) (915)
Net cash provided by financing activities 15,979 12,255
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash (563) 518
Net increase (decrease) in cash, cash equivalents, and restricted cash 23,965 (3,643)
Cash, cash equivalents, and restricted cash, beginning of period 154,738 223,766
Cash, cash equivalents, and restricted cash, end of period 178,703 220,123
Supplemental disclosure of cash flow information    
Cash paid for income taxes, net of refunds 1,040 586
Supplemental disclosures of non-cash investing and financing activities    
Property and equipment accrued but not yet paid 147 135
Vesting of early exercised stock options $ 0 $ 25