Balance Sheet Components

9 Months Ended

Oct. 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
	October 31, 2021		January 31, 2021
	(in thousands)
Accounts receivable, gross	$	411,952	$	331,547
Less: allowance for credit losses	(21,100)		(20,500)
Less: allowance for returns	(12,978)		(16,344)
Accounts receivable, net	$	377,874	$	294,703

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

	2021		2020
	(in thousands)
Balance as of January 31	$	20,500	$	5,150
Provision for credit losses	19,416		17,070
Write-offs	(18,816)		(5,720)
Balance as of October 31	$	21,100	$	16,500

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:

	As of
	October 31, 2021		January 31, 2021
	(in thousands)
Prepaid expenses	$	96,059	$	60,702
Restricted cash from international employee stock sales	20,041		50,475
Other	22,821		5,642
Prepaid expenses and other current assets	$	138,921	$	116,819

Property and Equipment, Net

Property and equipment consisted of the following:

	As of
	October 31, 2021		January 31, 2021
	(in thousands)
Computer and office equipment	$	208,745	$	137,445
Software	54,146		36,216
Leasehold improvements	24,586		23,593
Furniture and fixtures	4,539		4,625
Property and equipment, gross	292,016		201,879
Less: accumulated depreciation and amortization	(79,361)		(51,955)
Property and equipment, net	$	212,655	$	149,924

Depreciation and amortization expense was $12.4 million and $7.4 million for the three months ended October 31, 2021 and 2020, respectively, and $34.7 million and $19.1 million for the nine months ended October 31, 2021 and 2020, respectively.

Other Assets, Noncurrent

Other assets, noncurrent consisted of the following:

	As of
	October 31, 2021		January 31, 2021
	(in thousands)
Accounts receivable, noncurrent	$	36,915	$	28,008
Prepaid expenses, noncurrent	18,167		12,386
Other	28,645		16,891
Other assets, noncurrent	$	83,727	$	57,285

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:

	As of
	October 31, 2021		January 31, 2021
	(in thousands)
Accrued expenses	$	225,237	$	157,167
Accrued compensation and benefits	141,584		118,640
Income tax payable	49,090		3,426
Proceeds from employee equity transactions to be remitted to employees and tax authorities	25,832		54,174
Sales and other tax liabilities	27,450		27,453
Operating lease liabilities, current	18,074		15,601
Other	22,607		16,557
Accrued expenses and other current liabilities	$	509,874	$	393,018

Other Liabilities, Noncurrent

Other liabilities, noncurrent consisted of the following:

	As of
	October 31, 2021		January 31, 2021
	(in thousands)
Sales and other tax liabilities	$	55,563	$	58,133
Other	14,347		3,501
Other liabilities, noncurrent	$	69,910	$	61,634