XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.4
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jan. 28, 2023
Jan. 29, 2022
Cash flows used in operating activities:    
Net income $ 76,241 $ 45,823
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation of equipment, building, furniture and fixtures, and amortization of leasehold improvements 22,208 23,653
Share-based compensation costs 30,512 24,297
Amortization of intangible assets 10,325 12,230
Deferred taxes (7,247) (766)
Provision for inventory excess and obsolescence 5,503 3,799
Provision for warranty 8,230 2,817
Gain on cost method equity investment (26,455) (4,120)
Other 7,325 (4,495)
Changes in assets and liabilities:    
Accounts receivable (133,067) 87,223
Inventories (235,059) (87,178)
Prepaid expenses and other 4,667 (14,134)
Operating lease right-of-use assets 3,891 4,120
Accounts payable, accruals and other obligations (56,979) (152,981)
Deferred revenue 29,459 10,417
Short- and long-term operating lease liabilities (5,193) (5,116)
Net cash used in operating activities (265,639) (54,411)
Cash flows used in investing activities:    
Payments for equipment, furniture, fixtures and intellectual property (30,030) (25,804)
Purchases of investments (35,411) (350,465)
Proceeds from sales and maturities of investments 123,249 50,000
Settlement of foreign currency forward contracts, net (4,001) 1,346
Acquisition of business, net of cash acquired (230,048) (56,036)
Net cash used in investing activities (176,241) (380,959)
Cash flows provided by financing activities:    
Proceeds from issuance of senior notes 0 400,000
Proceeds from issuance of term loan, net 497,500 0
Payment of long-term debt (1,732) 0
Payment of debt issuance costs (3,996) (4,506)
Payment of finance lease obligations (913) (771)
Shares repurchased for tax withholdings on vesting of stock unit awards (12,980) (25,150)
Repurchases of common stock - repurchase program 0 (250,000)
Proceeds from issuance of common stock 14,315 15,146
Net cash provided by financing activities 492,194 134,719
Effect of exchange rate changes on cash, cash equivalents and restricted cash 9,884 (3,259)
Net increase (decrease) in cash, cash equivalents and restricted cash 60,198 (303,910)
Cash, cash equivalents and restricted cash at beginning of period 994,378 1,422,604
Cash, cash equivalents and restricted cash at end of period 1,054,576 1,118,694
Supplemental disclosure of cash flow information    
Cash paid during the period for interest 10,536 7,670
Cash paid during the period for income taxes, net 8,383 6,112
Operating lease payments 5,638 5,480
Non-cash investing and financing activities    
Purchase of equipment in accounts payable 7,354 2,972
Operating right-of-use assets subject to lease liability 6,244 3,376
Gain on cost method equity investment $ 26,455 $ 4,120