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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Apr. 27, 2024
Oct. 28, 2023
Current assets:    
Cash and cash equivalents $ 1,091,289 $ 1,010,618
Short-term investments 165,620 104,753
Accounts receivable, net of allowance for credit losses of $11.4 million and $11.7 million as of April 27, 2024 and October 28, 2023, respectively. 840,131 1,003,876
Inventories, net 1,022,615 1,050,838
Prepaid expenses and other 421,692 405,694
Total current assets 3,541,347 3,575,779
Long-term investments 165,960 134,278
Equipment, building, furniture and fixtures, net 274,353 280,147
Operating right-of-use assets 30,210 35,140
Goodwill 444,917 444,765
Other intangible assets, net 184,941 205,627
Deferred tax asset, net 821,879 809,306
Other long-term assets 151,196 116,453
Total assets 5,614,803 5,601,495
Current liabilities:    
Accounts payable 332,106 317,828
Accrued liabilities and other short-term obligations 355,258 431,419
Deferred revenue 196,989 154,419
Operating lease liabilities 16,138 16,655
Current portion of long-term debt 11,700 11,700
Total current liabilities 912,191 932,021
Long-term deferred revenue 80,365 74,041
Other long-term obligations 172,839 170,407
Long-term operating lease liabilities 28,513 33,259
Long-term debt, net 1,540,639 1,543,406
Total liabilities 2,734,547 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; 144,199,201 and 144,829,938 shares issued and outstanding 1,442 1,448
Additional paid-in capital 6,245,248 6,262,083
Accumulated other comprehensive loss (21,729) (37,767)
Accumulated deficit (3,344,705) (3,377,403)
Total stockholders’ equity 2,880,256 2,848,361
Total liabilities and stockholders’ equity $ 5,614,803 $ 5,601,495