Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($)
$ in Thousands |
9 Months Ended |
Apr. 29, 2023 |
Apr. 30, 2022 |
| Cash Flows from Operating Activities |
|
|
| Net loss |
$ (143,314)
|
$ (110,779)
|
| Adjustments to reconcile net loss to net cash provided by operating activities: |
|
|
| Change in inventory reserves |
(12,152)
|
2,301
|
| Stock-based compensation expense |
80,217
|
96,305
|
| Depreciation, amortization, and accretion |
32,275
|
27,185
|
| Asset impairment |
16,874
|
0
|
| Other |
1,517
|
52
|
| Change in operating assets and liabilities: |
|
|
| Inventory |
58,080
|
(3,922)
|
| Prepaid expenses and other assets |
10,070
|
(11,386)
|
| Income tax receivables |
26,640
|
1,069
|
| Operating lease right-of-use assets and liabilities |
(1,333)
|
4,492
|
| Accounts payable |
(18,700)
|
72,966
|
| Accrued liabilities |
(15,513)
|
15,058
|
| Deferred revenue |
(883)
|
(916)
|
| Gift card liability |
347
|
1,190
|
| Other liabilities |
2,617
|
840
|
| Net cash provided by operating activities |
36,742
|
94,455
|
| Cash Flows from Investing Activities |
|
|
| Proceeds from sale of property and equipment |
842
|
0
|
| Purchases of property and equipment |
(15,624)
|
(38,681)
|
| Purchases of securities available-for-sale |
(258)
|
(92,453)
|
| Sales of securities available-for-sale |
6,524
|
5,812
|
| Maturities of securities available-for-sale |
44,056
|
98,308
|
| Net cash provided by (used in) investing activities |
35,540
|
(27,014)
|
| Cash Flows from Financing Activities |
|
|
| Proceeds from the exercise of stock options, net |
155
|
1,513
|
| Payments for tax withholdings related to vesting of restricted stock units |
(10,717)
|
(27,915)
|
| Repurchase of common stock |
0
|
(30,042)
|
| Other |
(117)
|
0
|
| Net cash used in financing activities |
(10,679)
|
(56,444)
|
| Net increase in cash and cash equivalents |
61,603
|
10,997
|
| Effect of exchange rate changes on cash and cash equivalents |
1,037
|
(3,061)
|
| Cash and cash equivalents at beginning of period |
130,935
|
129,785
|
| Cash and cash equivalents at end of period |
193,575
|
137,721
|
| Supplemental Disclosure |
|
|
| Cash paid for income taxes |
787
|
558
|
| Supplemental Disclosure of Non-Cash Investing and Financing Activities: |
|
|
| Purchases of property and equipment included in accounts payable and accrued liabilities |
1,577
|
3,011
|
| Capitalized stock-based compensation |
$ 4,774
|
$ 5,662
|