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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2020
Jan. 31, 2019
Jan. 31, 2018
Cash flows from operating activities      
Net income $ 301,118 $ 229,832 $ 151,177
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 19,859 14,071 14,277
Reduction of operating lease right-of-use assets 7,966    
Amortization of premiums (accretion of discount) on short-term investments (3,274) (2,431) 1,389
Stock-based compensation 115,906 76,425 54,049
Amortization of deferred costs 20,521 18,378 16,647
Deferred income taxes (6,663) (8,091) 1,209
(Gain) Loss on foreign currency from market-to-market derivative (120) (177) 265
Bad debt expense (recovery) 244 198 (242)
Changes in operating assets and liabilities:      
Accounts receivable (55,531) (78,995) (47,799)
Unbilled accounts receivable (14,555) (4,774) (4,329)
Deferred costs (25,237) (18,941) (18,795)
Income taxes payable 1,131 637 (2,520)
Prepaid expenses and other current and long-term assets (2,700) (10,562) (2,493)
Accounts payable 2,813 1,822 1,396
Accrued expenses and other current liabilities (15,230) 963 7,149
Deferred revenue 97,753 89,416 58,240
Operating lease liabilities (7,480)    
Other long-term liabilities 854 3,056 3,818
Net cash provided by operating activities 437,375 310,827 233,438
Cash flows from investing activities      
Purchases of short-term investments (752,518) (726,379) (437,858)
Maturities and sales of short-term investments 688,091 632,329 294,705
Purchases of property and equipment (3,113) (8,440) (9,633)
Acquisitions, net of cash and restricted cash acquired (448,162) 0 0
Capitalized internal-use software development costs (1,208) (1,379) (1,734)
Net cash used in investing activities (516,910) (103,869) (154,520)
Cash flows from financing activities      
Reduction of lease liabilities - finance leases (984)    
Proceeds from exercise of common stock options 10,994 25,910 20,773
Net cash provided by financing activities 10,010 25,910 20,773
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (2,856) (2,077) 3,089
Net change in cash, cash equivalents, and restricted cash (72,381) 230,791 102,780
Cash, cash equivalents, and restricted cash at beginning of period 552,178 321,387 218,607
Cash, cash equivalents, and restricted cash at end of period 479,797 552,178 321,387
Cash, cash equivalents, and restricted cash at end of period:      
Cash and cash equivalents 476,733 550,971 320,183
Restricted cash included in other long-term assets 3,064 1,207 1,204
Cash, cash equivalents, and restricted cash at end of period 479,797 552,178 321,387
Supplemental disclosures of other cash flow information:      
Cash paid for income taxes, net of refunds 14,289 19,541 12,461
Excess tax benefits from employee stock plans 50,411 45,830 45,864
Non-cash investing and financing activities:      
Changes in accounts payable and accrued expenses related to property and equipment purchases $ 567 $ 644 $ (1,388)