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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Cash flows from operating activities    
Net loss $ (162,815) $ (546,654)
Adjustments to reconcile net loss to net cash provided by operating activities    
Depreciation and amortization 69,010 73,446
Amortization of deferred commissions 97,093 81,409
Amortization of investment premiums (accretion of discounts), net (4,909) (2,062)
Loss on strategic equity investments, net 3,414 97
Amortization of debt issuance costs 6,642 7,878
Loss on facility exits 5,731 10,000
Non-cash operating lease costs (5,028) (3,079)
Stock-based compensation 577,464 601,745
Deferred income taxes (493) (1,434)
Loss on disposal of assets 29 0
Changes in operating assets and liabilities    
Accounts receivable, net 511,853 407,983
Prepaid expenses and other assets 53,921 96,708
Deferred commissions (118,175) (102,366)
Accounts payable (10,072) (40,773)
Accrued compensation (74,943) (148,794)
Accrued expenses and other liabilities (80,227) (46,224)
Deferred revenue (281,479) (214,238)
Net cash provided by operating activities 587,016 173,642
Cash flows from investing activities    
Purchases of property and equipment (9,186) (9,229)
Capitalized software development costs (8,961) (5,806)
Purchases of marketable securities (1,323,475) (988,904)
Maturities of marketable securities 1,888,244 352,864
Purchases of strategic investments (3,343) (6,359)
Other investment activities 0 1,534
Net cash provided by (used in) investing activities 543,279 (655,900)
Cash flows from financing activities    
Proceeds from the exercise of stock options 413 1,398
Proceeds from employee stock purchase plan 51,201 48,596
Repayment of 2023 Notes (776,661) 0
Taxes paid related to net share settlement of equity awards (167,873) (163,498)
Net cash used in financing activities (892,920) (113,504)
Net increase (decrease) in cash and cash equivalents 237,375 (595,762)
Cash and cash equivalents at beginning of period 690,587 1,428,691
Cash and cash equivalents at end of period 927,962 832,929
Supplemental disclosures    
Cash paid for income taxes 8,120 10,692
Cash paid for interest 24,775 24,452
Non-cash investing and financing activities    
Increase in accrued purchases of property and equipment $ 4,203 $ 2,848