Balance Sheet Components

3 Months Ended

Apr. 30, 2022

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, 2022		January 31, 2022
	(in thousands)
Accounts receivable, gross	$	511,406	$	444,369
Less: allowance for credit losses	(20,000)		(17,000)
Less: allowance for returns	(7,527)		(7,696)
Accounts receivable, net	$	483,879	$	419,673

Below is a rollforward of our allowance for credit losses for the three months ended April 30, 2022 and 2021:

	2022		2021
	(in thousands)
Balance as of January 31	$	17,000	$	20,500
Provision for credit losses	13,407		1,028
Write-offs	(10,407)		(3,528)
Balance as of April 30	$	20,000	$	18,000

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:

	As of
	April 30, 2022		January 31, 2022
	(in thousands)
Prepaid expenses	$	102,125	$	112,666
Restricted cash from international employee stock sales	6,923		10,236
Other	33,497		22,700
Prepaid expenses and other current assets	$	142,545	$	145,602

Property and Equipment, Net

Property and equipment consisted of the following:

	As of
	April 30, 2022		January 31, 2022
	(in thousands)
Servers	$	206,429	$	185,491
Software	66,226		59,153
Computer and office equipment	40,957		39,410
Leasehold improvements	24,562		25,340
Furniture and fixtures	4,543		4,565
Property and equipment, gross	342,717		313,959
Less: accumulated depreciation and amortization	(102,106)		(91,605)
Property and equipment, net	$	240,611	$	222,354

Depreciation and amortization expense was $15.1 million and $10.5 million for the three months ended April 30, 2022 and 2021, respectively.

Other Assets, Noncurrent

Other assets, noncurrent consisted of the following:

	As of
	April 30, 2022		January 31, 2022
	(in thousands)
Accounts receivable, noncurrent	$	58,304	$	55,643
Indefinite-lived intangible assets	24,232		21,020
Prepaid expenses, noncurrent	11,809		16,120
Other	13,382		13,978
Other assets, noncurrent	$	107,727	$	106,761

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:

	As of
	April 30, 2022		January 31, 2022
	(in thousands)
Accrued expenses	$	165,916	$	149,658
Accrued compensation and benefits	152,222		126,322
Income tax liabilities	80,711		56,968
Sales and other non-income tax liabilities	36,192		33,305
Customer deposit liabilities	31,308		20,884
Operating lease liabilities, current	20,987		20,697
Other	12,765		22,581
Accrued expenses and other current liabilities	$	500,101	$	430,415

Other Liabilities, Noncurrent

Other liabilities, noncurrent consisted of the following:

	As of
	April 30, 2022		January 31, 2022
	(in thousands)
Sales and other non-income tax liabilities	$	54,869	$	53,916
Other	20,102		14,194
Other liabilities, noncurrent	$	74,971	$	68,110