CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands |
6 Months Ended |
Jan. 31, 2022 |
Jan. 31, 2021 |
| Cash flows from operating activities: |
|
|
|
| Net loss |
|
$ (534,913)
|
$ (552,438)
|
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities: |
|
|
|
| Depreciation and amortization |
|
45,582
|
47,087
|
| Stock-based compensation |
|
178,592
|
173,652
|
| Change in fair value of derivative liability |
|
198,038
|
166,380
|
| Loss on debt extinguishment |
|
64,910
|
0
|
| Amortization of debt discount and issuance costs |
|
19,796
|
28,796
|
| Operating lease cost, net of accretion |
|
18,336
|
16,930
|
| Impairment of lease-related assets |
|
0
|
2,822
|
| Non-cash interest expense |
|
9,575
|
6,615
|
| Other |
|
5,156
|
4,354
|
| Changes in operating assets and liabilities: |
|
|
|
| Accounts receivable, net |
|
23,826
|
79,173
|
| Deferred commissions |
|
(13,332)
|
(67,677)
|
| Prepaid expenses and other assets |
|
(4,951)
|
(9,217)
|
| Accounts payable |
|
(2,391)
|
(2,602)
|
| Accrued compensation and benefits |
|
(19,496)
|
39,593
|
| Accrued expenses and other liabilities |
|
(3,371)
|
2,100
|
| Operating leases, net |
|
(23,619)
|
(16,523)
|
| Deferred revenue |
|
70,968
|
61,325
|
| Net cash (used in) provided by operating activities |
|
32,706
|
(19,630)
|
| Cash flows from investing activities: |
|
|
|
| Maturities of investments |
|
568,697
|
260,852
|
| Purchases of investments |
|
(556,148)
|
(859,576)
|
| Sales of investments |
|
17,999
|
2,999
|
| Purchases of property and equipment |
|
(17,390)
|
(25,168)
|
| Net cash used in investing activities |
|
13,158
|
(620,893)
|
| Cash flows from financing activities: |
|
|
|
| Payments of debt extinguishment costs |
|
(14,709)
|
0
|
| Proceeds from unwinding of convertible note hedges |
|
39,880
|
0
|
| Payments for unwinding of warrants |
|
(18,390)
|
0
|
| Proceeds from sales of shares through employee equity incentive plans |
|
32,053
|
21,904
|
| Proceeds from the issuance of convertible notes, net of issuance costs |
|
89,128
|
723,617
|
| Repurchases of common stock |
|
(58,570)
|
(125,079)
|
| Payment of finance lease obligations |
|
(323)
|
0
|
| Net cash provided by financing activities |
|
69,069
|
620,442
|
| Net increase in cash, cash equivalents and restricted cash |
|
114,933
|
(20,080)
|
| Cash, cash equivalents and restricted cash—beginning of period |
|
288,873
|
321,991
|
| Cash, cash equivalents and restricted cash—end of period |
|
403,806
|
301,911
|
| Restricted cash |
[1] |
3,057
|
3,210
|
| Cash and cash equivalents—end of period |
|
400,749
|
298,701
|
| Supplemental disclosures of cash flow information: |
|
|
|
| Cash paid for income taxes |
|
12,084
|
8,999
|
| Supplemental disclosures of non-cash investing and financing information: |
|
|
|
| Purchases of property and equipment included in accounts payable and accrued and other liabilities |
|
18,939
|
7,621
|
| Finance lease liabilities arising from obtaining right-of-use assets |
|
11,148
|
1,960
|
| Convertible senior notes offering costs included in accrued liabilities |
|
$ 693
|
$ 0
|
|
|