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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jul. 31, 2022
Jul. 31, 2021
OPERATING ACTIVITIES    
Net loss $ (76.4) $ (84.7)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Rental product depreciation and write-offs 24.1 21.3
Write-off of rental product sold 3.0 2.6
Other depreciation and amortization 8.7 9.9
(Gain) / loss from write-off of fixed assets 1.9 0.0
Proceeds from rental product sold (8.8) (5.6)
(Gain) / loss from liquidation of rental product (0.2) (0.7)
Accrual of paid-in-kind interest 7.0 23.2
Amortization of debt discount 2.0 3.9
Share-based compensation expense 12.4 4.3
Remeasurement of warrant liability 0.0 7.5
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 0.9 (0.5)
Operating lease right-of-use assets 3.2 1.7
Other assets (0.1) (3.0)
Accounts payable, accrued expenses and other current liabilities (5.3) 7.1
Deferred revenue and customer credit liabilities 1.3 3.4
Operating lease liabilities (6.8) (3.5)
Other liabilities 0.1 0.4
Net cash (used in) provided by operating activities (33.0) (12.7)
INVESTING ACTIVITIES    
Purchases of rental product (27.6) (8.5)
Proceeds from liquidation of rental product 2.6 3.4
Proceeds from sale of rental product 8.8 5.6
Purchases of fixed and intangible assets (4.6) (3.9)
Net cash (used in) provided by investing activities (20.8) (3.4)
FINANCING ACTIVITIES    
Proceeds from issuance of redeemable preferred stock 0.0 21.2
Proceeds from exercise of stock options under stock incentive plan 0.0 1.9
Principal repayments on long-term debt 0.0 (0.6)
Other financing payments (3.1) (0.1)
Net cash (used in) provided by financing activities (3.1) 22.4
Net (decrease) increase in cash and cash equivalents and restricted cash (56.9) 6.3
Cash and cash equivalents and restricted cash at beginning of period 259.6 109.2
Cash and cash equivalents and restricted cash at end of period 202.7 115.5
Reconciliation of Cash and Cash Equivalents and Restricted Cash to the Condensed Consolidated Balance Sheets:    
Cash and cash equivalents 192.3 104.0
Restricted cash, current 4.6 1.8
Restricted cash, noncurrent 5.8 9.7
Total cash and cash equivalents and restricted cash 202.7 115.5
Cash payments (receipts) for:    
Fixed operating leases payments (reimbursements), net 7.3 8.3
Fixed assets and intangibles received in the prior period 0.8 0.5
Rental product received in the prior period 6.5 3.6
Non-cash financing and investing activities:    
Financing leases right-of-use asset amortization 0.2 0.2
ROU assets obtained in exchange for lease liabilities 0.4 0.3
Purchases of fixed assets and intangibles not yet settled 1.5 0.5
Purchases of rental product not yet settled $ 8.9 $ 1.7