Fair Value Measurements (Tables)

6 Months Ended

Jul. 31, 2021

Schedule of Financial Instruments Measured at Fair Value on Recurring Basis

The following tables present information about our financial instruments that are measured at fair value on a recurring basis and indicate the fair value hierarchy of the valuation inputs utilized to determine such fair value:


	As of July 31, 2021
	Fair Value		Level 1		Level 2		Level 3

	(in thousands)
Financial Assets:
Money market funds	$	688,073	$	688,073	$	—	$	—
Treasury bills	325,108		—		325,108		—


Cash equivalents	1,013,181		688,073		325,108		—
Commercial paper	33,729		—		33,729		—
Agency bonds	491,997		—		491,997		—
Corporate and other debt securities	380,598		—		380,598		—
U.S. government agency securities	2,213,712		—		2,213,712		—
Treasury bills	53,993		—		53,993		—
Marketable securities	3,174,029		—		3,174,029		—


Publicly held equity securities included in strategic investments	107,076		107,076		—		—
Privately held debt securities included in strategic investments	15,431		—		—		15,431
Certificates of deposit included in other assets, noncurrent	797		—		797		—
Total financial assets	$	4,310,514	$	795,149	$	3,499,934	$	15,431


	As of January 31, 2021
	Fair Value		Level 1		Level 2		Level 3

	(in thousands)
Financial Assets:
Money market funds	$	958,357	$	958,357	$	—	$	—
Treasury bills	618,498		—		618,498		—

Cash equivalents	1,576,855		958,357		618,498		—
Commercial paper	26,222		—		26,222		—
Agency bonds	461,365		—		461,365		—
Corporate and other debt securities	466,256		—		466,256		—
U.S. government agency securities	834,665		—		834,665		—
Treasury bills	215,902		—		215,902		—
Marketable securities	2,004,410		—		2,004,410		—
Certificate of deposit included in prepaid expenses and other current assets	100		—		100		—

Certificates of deposit included in other assets, noncurrent	2,238		—		2,238		—
Privately held debt securities included in strategic investments	5,130		—		—		5,130
Total financial assets	$	3,588,733	$	958,357	$	2,625,246	$	5,130