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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jan. 27, 2024
Oct. 28, 2023
Current assets:    
Cash and cash equivalents $ 1,264,751 $ 1,010,618
Short-term investments 106,678 104,753
Accounts receivable, net of allowance for credit losses of $14.3 million and $11.7 million as of January 27, 2024 and October 28, 2023, respectively. 865,239 1,003,876
Inventories, net 984,886 1,050,838
Prepaid expenses and other 387,193 405,694
Total current assets 3,608,747 3,575,779
Long-term investments 103,862 134,278
Equipment, building, furniture and fixtures, net 280,357 280,147
Operating right-of-use assets 35,679 35,140
Goodwill 445,084 444,765
Other intangible assets, net 195,682 205,627
Deferred tax asset, net 814,098 809,306
Other long-term assets 109,701 116,453
Total assets 5,593,210 5,601,495
Current liabilities:    
Accounts payable 316,094 317,828
Accrued liabilities and other short-term obligations 329,910 431,419
Deferred revenue 166,714 154,419
Operating lease liabilities 16,888 16,655
Current portion of long-term debt 11,700 11,700
Total current liabilities 841,306 932,021
Long-term deferred revenue 76,556 74,041
Other long-term obligations 176,313 170,407
Long-term operating lease liabilities 32,418 33,259
Long-term debt, net 1,543,118 1,543,406
Total liabilities 2,669,711 2,753,134
Commitments and contingencies (Note 19)
Stockholders’ equity:    
Preferred stock – par value $0.01; 20,000,000 shares authorized; zero shares issued and outstanding 0 0
Common stock – par value $0.01; 290,000,000 shares authorized; 144,946,510 and 144,829,938 shares issued and outstanding 1,449 1,448
Additional paid-in capital 6,274,773 6,262,083
Accumulated other comprehensive loss (24,867) (37,767)
Accumulated deficit (3,327,856) (3,377,403)
Total stockholders’ equity 2,923,499 2,848,361
Total liabilities and stockholders’ equity $ 5,593,210 $ 5,601,495