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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Apr. 30, 2023
May 01, 2022
Cash flows from operating activities    
Net income $ 22,181 $ 18,472
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 28,877 17,340
Share-based compensation expense 48,553 25,794
Non-cash lease expense 11,924 9,109
Change in fair value of equity warrants and investments 8,948 0
Other 489 234
Net change in operating assets and liabilities:    
Accounts receivable (25,370) (9,723)
Inventories (55,856) (37,770)
Prepaid expenses and other current assets (10,721) (14,248)
Other non-current assets 298 (1,469)
Trade accounts payable 82,967 73,678
Accrued expenses and other current liabilities 39,399 2,881
Operating lease liabilities (5,219) (5,338)
Other long-term liabilities 1,922 3,473
Net cash provided by operating activities 148,392 82,433
Cash flows from investing activities    
Capital expenditures (21,573) (76,021)
Cash paid for acquisition of business, net of cash acquired (367) 0
Purchases of marketable securities (394,098) 0
Proceeds from maturities of marketable securities 350,000 0
Other 0 (1,400)
Net cash used in investing activities (66,038) (77,421)
Cash flows from financing activities    
Payments for tax sharing agreement with related parties (3,761) (675)
Payment of debt modification costs (175) 0
Principal repayments of finance lease obligations (174) (187)
Payments for tax withholdings related to vesting of share-based compensation awards 0 (2,468)
Net cash used in financing activities (4,110) (3,330)
Net increase in cash and cash equivalents 78,244 1,682
Cash and cash equivalents, as of beginning of period 330,441 603,079
Cash and cash equivalents, as of end of period $ 408,685 $ 604,761