v3.24.1.u1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
OPERATING ACTIVITIES      
Net loss $ (113.2) $ (138.7) $ (211.8)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:      
Rental product depreciation and write-offs 44.0 46.2 45.6
Write-off of rental product sold 13.1 6.7 4.7
Other depreciation and amortization 14.7 16.4 19.5
Loss from lease termination and write-off of fixed and intangible assets 0.3 0.6 0.0
Loss on asset impairment related to restructuring 1.0 4.9 0.0
Proceeds from rental product sold (23.3) (17.9) (12.9)
(Gain) / loss from liquidation of rental product (1.0) (2.7) (0.6)
Accrual of paid-in-kind interest 22.5 14.3 38.8
Settlement of paid-in-kind interest 0.0 0.0 (6.3)
Amortization of debt discount 11.7 4.3 5.9
Loss on debt extinguishment 0.0 0.0 12.2
Share-based compensation expense 26.2 25.4 26.6
Remeasurement of warrant liability 0.0 0.0 24.9
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets 1.1 (2.8) (7.0)
Operating lease right-of-use assets (7.2) 2.0 3.4
Other assets (1.2) 0.9 (3.0)
Accounts payable, accrued expenses and other current liabilities (8.4) (3.9) 18.4
Deferred revenue and customer credit liabilities (1.6) 1.5 4.7
Operating lease liabilities 6.0 (4.6) (6.2)
Other liabilities (0.4) (0.3) 0.8
Net cash (used in) provided by operating activities (15.7) (47.7) (42.3)
INVESTING ACTIVITIES      
Purchases of rental product (77.9) (62.1) (30.8)
Proceeds from liquidation of rental product 4.6 8.8 5.7
Proceeds from sale of rental product 23.3 17.9 12.9
Purchases of fixed and intangible assets (4.6) (8.9) (10.3)
Net cash (used in) provided by investing activities (54.6) (44.3) (22.5)
FINANCING ACTIVITIES      
Proceeds from issuance of common stock upon IPO, net of offering costs 0.0 0.0 327.3
Proceeds from issuance of redeemable preferred stock 0.0 0.0 21.2
Proceeds from exercise of stock options under stock incentive plan 0.0 0.0 3.3
Principal repayments on long-term debt 0.0 0.0 (135.0)
Debt extinguishment costs 0.0 0.0 (4.7)
Proceeds from short-term financing agreements 1.6 0.0 5.0
Other financing payments (0.9) (4.0) (1.9)
Net cash provided by (used in) financing activities 0.7 (4.0) 215.2
Net (decrease) increase in cash and cash equivalents and restricted cash (69.6) (96.0) 150.4
Cash and cash equivalents and restricted cash at beginning of period 163.6 259.6 109.2
Cash and cash equivalents and restricted cash at end of period 94.0 163.6 259.6
Reconciliation of Cash and Cash Equivalents and Restricted Cash to the Consolidated Balance Sheets:      
Cash and cash equivalents 84.0 154.5 247.6
Restricted cash, current 5.2 3.1 5.4
Restricted cash, noncurrent 4.8 6.0 6.6
Total cash and cash equivalents and restricted cash 94.0 163.6 259.6
Cash payments (receipts) for:      
Interest paid on loans 9.6 19.8 10.2
Interest paid on financing leases 0.2 0.1 0.1
Fixed operating lease payments, net 11.1 13.5 15.8
Fixed assets and intangibles received in the prior period 0.1 0.8 0.5
Rental product received in the prior period 5.4 6.5 3.6
Non-cash financing and investing activities:      
Financing lease right-of-use asset amortization 0.6 0.5 0.3
ROU assets obtained in exchange for lease liabilities 0.0 1.2 0.9
Adjustments to ROU assets or lease liabilities due to modification or other reassessment events to operating and finance leases 10.3 (1.2) 0.3
Purchases of fixed assets and intangibles not yet settled 0.3 0.1 0.8
Purchases of rental product not yet settled 3.3 5.4 6.5
Reconciliation of loss on asset impairment:      
Accrued expense related to the loss on asset impairment $ 0.1 $ 0.4 $ 0.0