Balance Sheet Components

6 Months Ended

Jul. 31, 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
	July 31, 2022		January 31, 2022
	(in thousands)
Accounts receivable, gross	$	541,947	$	444,369
Less: allowance for credit losses	(23,200)		(17,000)
Less: allowance for returns	(9,204)		(7,696)
Accounts receivable, net	$	509,543	$	419,673

Below is a rollforward of our allowance for credit losses for the six months ended July 31, 2022 and 2021:

	2022		2021
	(in thousands)
Balance as of January 31	$	17,000	$	20,500
Provision for credit losses	25,606		8,029
Write-offs	(19,406)		(11,029)
Balance as of July 31	$	23,200	$	17,500

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:

	As of
	July 31, 2022		January 31, 2022
	(in thousands)
Prepaid expenses	$	126,857	$	112,666
Other receivables	17,211		20,423
Restricted cash from international employee stock sales	5,708		10,236
Other	9,710		2,277
Prepaid expenses and other current assets	$	159,486	$	145,602

Property and Equipment, Net

Property and equipment consisted of the following:

	As of
	July 31, 2022		January 31, 2022
	(in thousands)
Servers	$	213,578	$	185,491
Software	69,692		59,153
Computer and office equipment	45,241		39,410
Leasehold improvements	25,313		25,340
Furniture and fixtures	4,568		4,565
Property and equipment, gross	358,392		313,959
Less: accumulated depreciation and amortization	(119,290)		(91,605)
Property and equipment, net	$	239,102	$	222,354

Depreciation and amortization expense was $19.6 million and $11.8 million for the three months ended July 31, 2022 and 2021, respectively, and $34.7 million and $22.3 million for the six months ended July 31, 2022 and 2021, respectively.

Other Assets, Noncurrent

Other assets, noncurrent consisted of the following:

	As of
	July 31, 2022		January 31, 2022
	(in thousands)
Accounts receivable, noncurrent	$	82,175	$	55,643
Intangible assets subject to amortization, net	28,174		2,972
Indefinite-lived intangible assets	24,232		21,020
Prepaid expenses, noncurrent	9,746		16,120
Other	9,971		11,006
Other assets, noncurrent	$	154,298	$	106,761

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:

	As of
	July 31, 2022		January 31, 2022
	(in thousands)
Accrued expenses	$	168,860	$	149,658
Accrued compensation and benefits	127,236		126,322
Income tax liabilities	106,313		56,968
Sales and other non-income tax liabilities	34,103		33,305
Customer deposit liabilities	23,703		20,884
Operating lease liabilities, current	21,986		20,697
Other	16,057		22,581
Accrued expenses and other current liabilities	$	498,258	$	430,415

Other Liabilities, Noncurrent

Other liabilities, noncurrent consisted of the following:

	As of
	July 31, 2022		January 31, 2022
	(in thousands)
Sales and other non-income tax liabilities	$	41,747	$	53,916
Other	17,099		14,194
Other liabilities, noncurrent	$	58,846	$	68,110