Balance Sheet Components

9 Months Ended

Oct. 31, 2022

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, 2022		January 31, 2022

	(in thousands)
Accounts receivable, gross	$	624,606	$	444,369
Less: allowance for credit losses	(24,345)		(17,000)
Less: allowance for returns	(10,688)		(7,696)
Accounts receivable, net	$	589,573	$	419,673

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




	2022		2021
	(in thousands)
Balance as of January 31	$	17,000	$	20,500
Provision for credit losses	34,610		19,416
Write-offs	(27,265)		(18,816)
Balance as of October 31	$	24,345	$	21,100

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:


	As of
	October 31, 2022		January 31, 2022

	(in thousands)
Prepaid expenses	$	130,021	$	112,666
Other receivables	17,657		20,423
Restricted cash from international employee stock sales	9,668		10,236
Other	8,315		2,277
Prepaid expenses and other current assets	$	165,661	$	145,602

Property and Equipment, Net

Property and equipment consisted of the following:


	As of
	October 31, 2022		January 31, 2022

	(in thousands)
Servers	$	234,788	$	185,491
Software	76,414		59,153
Computer and office equipment	47,199		39,410
Leasehold improvements	25,923		25,340
Furniture and fixtures	4,587		4,565
Property and equipment, gross	388,911		313,959
Less: accumulated depreciation and amortization	(138,068)		(91,605)
Property and equipment, net	$	250,843	$	222,354

Depreciation and amortization expense was $19.9 million and $12.4 million for the three months ended October 31, 2022 and 2021, respectively, and $54.6 million and $34.7 million for the nine months ended October 31, 2022 and 2021, respectively.

Other Assets, Noncurrent

Other assets, noncurrent consisted of the following:


	As of
	October 31, 2022		January 31, 2022

	(in thousands)
Accounts receivable, noncurrent	$	71,399	$	55,643

Intangible assets subject to amortization, net	33,420		2,972
Indefinite-lived intangible assets	25,254		21,020
Prepaid expenses, noncurrent	9,807		16,120


Other	12,428		11,006
Other assets, noncurrent	$	152,308	$	106,761

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:


	As of
	October 31, 2022		January 31, 2022

	(in thousands)

Accrued expenses	$	178,624	$	149,658
Accrued compensation and benefits	165,794		126,322
Income tax liabilities	116,291		56,968
Sales and other non-income tax liabilities	31,057		33,305
Customer deposit liabilities	26,655		20,884
Operating lease liabilities, current	21,728		20,697


Other	21,151		22,581
Accrued expenses and other current liabilities	$	561,300	$	430,415

Other Liabilities, Noncurrent

Other liabilities, noncurrent consisted of the following:


	As of
	October 31, 2022		January 31, 2022

	(in thousands)
Sales and other non-income tax liabilities	$	41,781	$	53,916



Other	18,687		14,194
Other liabilities, noncurrent	$	60,468	$	68,110