Fair Value Measurements (Tables)

9 Months Ended

Oct. 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 October 31, 2021
	Fair Value		Level 1		Level 2		Level 3

	(in thousands)
Financial Assets:
Money market funds	$	295,943	$	295,943	$	—	$	—
Treasury bills	576,668		—		576,668		—


Cash equivalents	872,611		295,943		576,668		—
Commercial paper	23,482		—		23,482		—
Agency bonds	437,453		—		437,453		—
Corporate and other debt securities	314,521		—		314,521		—
U.S. government agency securities	2,996,045		—		2,996,045		—
Treasury bills	324,019		—		324,019		—
Marketable securities	4,095,520		—		4,095,520		—


Publicly held equity securities included in strategic investments	179,918		179,918		—		—
Privately held debt securities included in strategic investments	13,366		—		—		13,366
Certificates of deposit included in other assets, noncurrent	297		—		297		—
Total financial assets	$	5,161,712	$	475,861	$	4,672,485	$	13,366


	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