XML 34 R7.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Cash flows from operating activities    
Net loss $ (362,861) $ (266,446)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 21,160 18,562
Non-cash operating lease cost 3,257 3,539
Stock-based compensation 91,946 67,644
Amortization of deferred contract acquisition costs 2,112 1,729
Impairment 70,000 0
Reserves and other 7,486 11,514
Changes in operating assets and liabilities, net of effect of acquisitions:    
Accounts receivable, net 8,693 (50,402)
Inventories (183,569) (30,057)
Prepaid expenses and other assets (6,135) (24,730)
Accounts payable, operating lease liabilities, and accrued and other liabilities 31,738 23,586
Deferred revenue 28,685 28,410
Net cash used in operating activities (287,488) (216,651)
Cash flows from investing activities    
Purchases of property and equipment (14,671) (14,142)
Maturities of investments 105,000 75,000
Purchases of short-term investments 0 (284,835)
Cash paid for acquisitions, net of cash acquired 0 (2,756)
Net cash provided by (used in) investing activities 90,329 (226,733)
Cash flows from financing activities    
Proceeds from the exercise of warrants 0 6,354
Proceeds from issuance of debt, net of discount and issuance costs 0 293,972
Debt issuance costs related to the revolving credit facility (2,853) 0
Proceeds from the issuance of common stock under employee equity plans, net of tax withholding 10,957 10,760
Proceeds from issuance of common stock in connection with ATM offerings, net of issuance costs 287,198 0
Change in driver funds and amounts due to customers 8,935 6,911
Settlement of contingent earnout liability (3,537) 0
Net cash provided by financing activities 300,700 317,997
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (691) (1,575)
Net increase (decrease) in cash, cash equivalents, and restricted cash 102,850 (126,962)
Cash, cash equivalents, and restricted cash at beginning of period 294,562 315,635
Cash, cash equivalents, and restricted cash at end of period 397,412 188,673
Supplementary cash flow information    
Cash paid for interest 10,610 4,929
Cash paid for taxes 900 295
Supplementary cash flow information on noncash investing and financing activities    
Impact of convertible note modification 13,225 0
Right-of-use assets obtained in exchange for lease liabilities 524 0
Non-cash adjustment to right-of-use assets due to reorganization (2,012) 0
Acquisitions of property and equipment included in accounts payable and accrued and other current liabilities 1,673 1,566
Vesting of early exercised stock options 27 49
Unpaid debt issuance costs $ 30 $ 0