XML 21 R7.htm IDEA: XBRL DOCUMENT v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Cash flows from operating activities:      
Net income $ 309,085 $ 1,067,885 $ 73,980
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 116,081 107,804 95,062
Amortization of deferred contract acquisition and fulfillment costs 271,067 237,217 200,163
Amortization of debt discount and transaction costs 775 554 4,749
Non-cash operating lease costs 18,903 19,065 21,310
Stock-based compensation expense 622,321 610,335 616,847
Deferred income taxes 4,713 (839,989) 6,292
Other 2,958 6,111 (1,904)
Changes in operating assets and liabilities      
Accounts receivable (91,742) 2,075 71,681
Prepaid expenses and other current assets (15,200) (17,634) (657)
Deferred contract acquisition and fulfillment costs (271,544) (302,166) (255,159)
Other assets (1,941) (22,002) (15,432)
Accounts payable (15,148) 7,638 (4,826)
Accrued expenses and other liabilities 26,257 2,935 6,473
Accrued compensation 29,515 29,236 33,979
Contract liabilities 177,203 129,854 152,247
Operating lease liabilities (18,296) (21,646) (25,279)
Net cash provided by operating activities 1,165,007 1,017,272 979,526
Cash flows from investing activities:      
Cash paid for acquisition, net of acquired cash 0 (143,611) 0
Purchases of marketable securities (409,599) (411,236) (336,221)
Maturities of marketable securities 389,989 340,334 473,869
Purchases of strategic and other investments (726) (1,375) (645)
Purchases of property and equipment (106,445) (96,988) (92,391)
Net cash provided by (used in) investing activities (126,781) (312,876) 44,612
Cash flows from financing activities:      
Repayments of convertible senior notes 0 0 (726,979)
Payment of revolving credit facility costs (3,133) 0 0
Repurchases of common stock (869,086) (683,528) (145,515)
Settlement of capped calls, net of related costs 0 0 23,688
Payment of tax withholding obligation on net RSU settlement and ESPP purchase (269,713) (213,282) (144,218)
Proceeds from exercise of stock options 1,250 22,705 13,991
Proceeds from employee stock purchase plan 40,780 35,314 32,994
Net cash used in financing activities (1,099,902) (838,791) (946,039)
Effect of foreign exchange on cash, cash equivalents and restricted cash 20,272 (7,550) 199
Net increase (decrease) in cash, cash equivalents and restricted cash (41,404) (141,945) 78,298
Cash, cash equivalents and restricted cash at beginning of period 659,554 801,499 723,201
Cash, cash equivalents and restricted cash at end of period 618,150 659,554 801,499
Supplemental disclosure:      
Cash paid for interest 0 0 185
Cash paid for operating lease liabilities 27,361 26,500 34,845
Cash paid for income taxes 12,946 24,324 10,460
Non-cash investing and financing activities:      
Property and equipment in accounts payable and accrued expenses and other current liabilities 3,302 5,687 2,879
Operating lease right-of-use assets exchanged for lease obligations 74,072 5,586 3,149
Excise tax payable on net stock repurchase 3,234 1,461 0
Repurchases of common stock in accrued expenses and other current liabilities $ 4,001 $ 0 $ 0