Balance Sheet Components

6 Months Ended

Jul. 31, 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
	July 31, 2021		January 31, 2021
	(in thousands)
Accounts receivable, gross	$	429,895	$	331,547
Less: allowance for credit losses	(17,500)		(20,500)
Less: allowance for returns	(17,129)		(16,344)
Accounts receivable, net	$	395,266	$	294,703

Below is a rollforward of our allowance for credit losses for the six months ended July 31, 2021 and 2020:

	2021		2020
	(in thousands)
Balance as of January 31	$	20,500	$	5,150
Provision for credit losses	8,029		13,723
Write-offs	(11,029)		(1,373)
Balance as of July 31	$	17,500	$	17,500

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:

	As of
	July 31, 2021		January 31, 2021
	(in thousands)
Prepaid expenses	$	87,428	$	60,702
Restricted cash from international employee stock sales	63,185		50,475
Other	21,675		5,642
Prepaid expenses and other current assets	$	172,288	$	116,819

Property and Equipment, Net

Property and equipment consisted of the following:

	As of
	July 31, 2021		January 31, 2021
	(in thousands)
Computer and office equipment	$	183,778	$	137,445
Software	49,353		36,216
Leasehold improvements	24,493		23,593
Furniture and fixtures	4,477		4,625
Property and equipment, gross	262,101		201,879
Less: accumulated depreciation and amortization	(68,249)		(51,955)
Property and equipment, net	$	193,852	$	149,924

Depreciation and amortization expense was $11.8 million and $6.4 million for the three months ended July 31, 2021 and 2020, respectively, and $22.3 million and $11.7 million for the six months ended July 31, 2021 and 2020, respectively.

Other Assets, Noncurrent

Other assets, noncurrent consisted of the following:

	As of
	July 31, 2021		January 31, 2021
	(in thousands)
Accounts receivable, noncurrent	$	32,224	$	28,008
Prepaid expenses, noncurrent	20,341		12,386
Other	16,997		16,891
Other assets, noncurrent	$	69,562	$	57,285

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:

	As of
	July 31, 2021		January 31, 2021
	(in thousands)
Accrued expenses	$	230,311	$	157,167
Accrued compensation and benefits	100,376		118,640
Proceeds from employee equity transactions to be remitted to employees and tax authorities	73,074		54,174
Sales and other tax liabilities	32,992		27,453
Operating lease liabilities, current	17,355		15,601
Customer deposit liabilities	14,541		13,050
Other	13,513		6,933
Accrued expenses and other current liabilities	$	482,162	$	393,018

Other Liabilities, Noncurrent

Other liabilities, noncurrent consisted of the following:

	As of
	July 31, 2021		January 31, 2021
	(in thousands)
Sales and other tax liabilities	$	54,187	$	58,133
Other	3,697		3,501
Other liabilities, noncurrent	$	57,884	$	61,634