Balance Sheet Components

3 Months Ended

Apr. 30, 2021

Balance Sheet Components [Abstract]

Balance Sheet Components

Balance Sheet Components

Accounts Receivable, Net

Accounts receivable are recorded for invoiced amounts and amounts for which revenue has been recognized, but not invoiced, net of allowances. Our short-term accounts receivable consist of the following:

	As of
	April 30, 2021		January 31, 2021
	(in thousands)
Accounts receivable, gross	$	400,010	$	331,547
Less: Allowance for credit losses	(18,000)		(20,500)
Less: Allowance for returns	(15,664)		(16,344)
Accounts receivable, net	$	366,346	$	294,703

Below is a rollforward of our allowance for credit losses for the three months ended April 30, 2021 and 2020:

	2021		2020
	(in thousands)
Balance as of January 31	$	20,500	$	5,150
Provision for credit losses	1,028		3,771
Write-offs	(3,528)		(621)
Balance as of April 30	$	18,000	$	8,300

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:

	As of
	April 30, 2021		January 31, 2021
	(in thousands)
Prepaid expenses	$	73,992	$	60,702
Restricted cash from international employee stock sales	40,548		50,475
Other receivables	19,265		4,107
Other	2,521		1,535
Prepaid expenses and other current assets	$	136,326	$	116,819

Property and Equipment, Net

Property and equipment consisted of the following:

	As of
	April 30, 2021		January 31, 2021
	(in thousands)
Computer and office equipment	$	178,923	$	137,445
Software	42,493		36,216
Leasehold improvements	24,223		23,593
Furniture and fixtures	4,562		4,625
Property and equipment, gross	250,201		201,879
Less: accumulated depreciation and amortization	(57,791)		(51,955)
Property and equipment, net	$	192,410	$	149,924

Depreciation and amortization expense was $10.5 million and $5.3 million for the three months ended April 30, 2021 and 2020, respectively.

Other Assets, Noncurrent

Other assets, noncurrent consisted of the following:

	As of
	April 30, 2021		January 31, 2021
	(in thousands)
Accounts receivable, noncurrent	$	26,981	$	28,008
Equity investment	13,538		13,538
Prepaid expenses, noncurrent	12,568		12,386
Convertible notes	11,682		5,130
Indefinite-lived intangible assets	8,002		8,002
Intangible assets subject to amortization, net	2,653		2,814
Other	6,466		6,075
Other assets, noncurrent	$	81,890	$	75,953

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:

	As of
	April 30, 2021		January 31, 2021
	(in thousands)
Accrued expenses	$	215,466	$	157,167
Accrued compensation and benefits	117,348		118,640
Proceeds from employee equity transactions to be remitted to employees and tax authorities	44,190		54,174
Sales and other tax liabilities	37,321		27,453
Operating lease liabilities, current	16,476		15,601
Customer deposit liabilities	13,046		13,050
Other	6,831		6,933
Accrued expenses and other current liabilities	$	450,678	$	393,018

Other Liabilities, Noncurrent

Other liabilities, noncurrent consisted of the following:

	As of
	April 30, 2021		January 31, 2021
	(in thousands)
Sales and other tax liabilities	$	52,457	$	58,133
Other	3,563		3,501
Other liabilities, noncurrent	$	56,020	$	61,634