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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Cash flows from operating activities:    
Net income $ 113,658 $ 227,531
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 209,363 98,969
Amortization of deferred contract acquisition costs 56,780 37,766
Losses on strategic investments, net 36,404 0
Depreciation and amortization 15,280 10,663
Provision for accounts receivable allowances 13,097 4,055
Non-cash operating lease cost 5,451 4,274
Amortization on marketable securities 3,604 5,596
Other 12,730 270
Changes in operating assets and liabilities:    
Accounts receivable (83,605) (75,665)
Prepaid expenses and other assets (27,235) (29,975)
Deferred contract acquisition costs (65,690) (47,813)
Accounts payable 11,153 1,592
Accrued expenses and other liabilities 78,236 88,656
Deferred revenue 152,974 210,896
Operating lease liabilities, net (6,049) (3,513)
Net cash provided by operating activities 526,151 533,302
Cash flows from investing activities:    
Purchases of marketable securities (611,662) (1,425,451)
Maturities of marketable securities 609,327 291,047
Purchases of property and equipment (25,038) (79,074)
Purchases of strategic investments (11,750) (6,500)
Purchases of intangible assets (3,211) 0
Net cash used in investing activities (42,334) (1,219,978)
Cash flows from financing activities:    
Cash paid for repurchases of common stock (132,412) 0
Proceeds from employee equity transactions remitted to employees and tax authorities, net (4,086) (9,984)
Proceeds from exercise of stock options 3,255 3,368
Other 0 337
Net cash used in financing activities (133,243) (6,279)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (9,425) 0
Net increase (decrease) in cash, cash equivalents, and restricted cash 341,149 (692,955)
Cash, cash equivalents, and restricted cash – beginning of period 1,073,353 2,293,116
Cash, cash equivalents, and restricted cash – end of period 1,414,502 1,600,161
Reconciliation of cash, cash equivalents, and restricted cash within the condensed consolidated balance sheets to the amounts shown in the condensed consolidated statements of cash flows above:    
Cash and cash equivalents 1,407,305 1,557,270
Restricted cash, current included in prepaid expenses and other current assets 6,923 40,648
Restricted cash, noncurrent included in other assets, noncurrent 274 2,243
Total cash, cash equivalents, and restricted cash $ 1,414,502 $ 1,600,161