XML 13 R7.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jul. 31, 2024
Jul. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 37,718 $ 19,141
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 9,984 24,483
Stock-based compensation expense 106,273 100,623
Amortization of deferred commissions 26,538 27,369
Other 2,402 1,705
Changes in operating assets and liabilities:    
Accounts receivable, net 103,301 96,309
Deferred commissions (19,288) (17,319)
Operating lease right-of-use assets, net 13,350 15,850
Other assets (595) (1,227)
Accounts payable, accrued expenses and other liabilities (14,399) (6,136)
Operating lease liabilities (15,326) (24,186)
Deferred revenue (82,456) (79,006)
Net cash provided by operating activities 167,502 157,606
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of short-term investments (56,455) (65,745)
Maturities of short-term investments 75,896 50,000
Sales of short-term investments 3,567 0
Purchases of property and equipment (1,674) (2,000)
Proceeds from sales of property and equipment 5,991 1,253
Capitalized internal-use software costs (11,677) (8,377)
Other 0 (190)
Net cash provided by (used in) investing activities 15,648 (25,059)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchases of common stock (138,686) (104,906)
Payments of dividends to preferred stockholders (7,500) (7,443)
Proceeds from exercise of stock options 15,353 795
Proceeds from issuances of common stock under employee stock purchase plan 15,677 16,045
Employee payroll taxes paid for net settlement of stock awards (37,783) (42,026)
Principal payments of finance lease liabilities (2,141) (18,952)
Other (2,022) (3,570)
Net cash used in financing activities (157,102) (160,057)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (2,589) (4,836)
Net increase (decrease) in cash, cash equivalents, and restricted cash 23,459 (32,346)
Cash, cash equivalents, and restricted cash, beginning of period [1] 384,257 429,040
Cash, cash equivalents, and restricted cash, end of period [1] $ 407,716 $ 396,694
[1] Restricted cash is included in other current assets in the condensed consolidated balance sheets for the periods presented.