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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jul. 31, 2023
Jul. 31, 2022
Cash flows from operating activities    
Net loss $ (259,668) $ (514,034)
Adjustments to reconcile net loss to net cash provided by operating activities    
Depreciation and amortization 46,945 47,952
Amortization of deferred commissions 66,143 53,574
Amortization of investment premiums (accretion of discounts), net (10,404) (482)
Loss on strategic equity investments, net 3,414 97
Amortization of debt issuance costs 4,441 5,484
Non-cash operating lease costs (751) (2,805)
Stock-based compensation 383,517 413,141
Deferred income taxes (509) (1,020)
Loss on disposal of assets 10 0
Changes in operating assets and liabilities    
Accounts receivable, net 700,777 553,106
Prepaid expenses and other assets (24,646) 17,078
Deferred commissions (70,412) (62,754)
Accounts payable 10,915 23,629
Accrued compensation (56,594) (138,298)
Accrued expenses and other liabilities (23,913) (17,142)
Deferred revenue (267,634) (252,807)
Net cash provided by operating activities 501,631 124,719
Cash flows from investing activities    
Purchases of property and equipment (5,873) (6,650)
Capitalized software development costs (5,152) (4,990)
Purchases of marketable securities (877,018) (923,762)
Maturities of marketable securities 1,282,895 209,424
Purchases of strategic investments (3,300) (6,099)
Other investment activities 0 1,436
Net cash provided by (used in) investing activities 391,552 (730,641)
Cash flows from financing activities    
Proceeds from the exercise of stock options 230 1,132
Proceeds from employee stock purchase plan 51,201 48,596
Taxes paid related to net share settlement of equity awards (111,739) (124,614)
Net cash used in financing activities (60,308) (74,886)
Net increase (decrease) in cash and cash equivalents 832,875 (680,808)
Cash and cash equivalents at beginning of period 690,587 1,428,691
Cash and cash equivalents at end of period 1,523,462 747,883
Supplemental disclosures    
Cash paid for income taxes 4,521 6,751
Cash paid for interest 10,866 17,659
Non-cash investing and financing activities    
Increase in accrued purchases of property and equipment 3,708 2,994
Vesting of early exercised options $ 0 $ 1