Fair Value Measurements (Tables)

12 Months Ended

Jan. 31, 2023

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 January 31, 2023
	Fair Value		Level 1		Level 2		Level 3

	(in thousands)
Financial Assets:
Money market funds	$	310,571	$	310,571	$	—	$	—



Cash equivalents	310,571		310,571		—		—
Commercial paper	77,701		—		77,701		—
Agency bonds	810,650		—		810,650		—
Corporate and other debt securities	550,894		—		550,894		—
U.S. government agency securities	2,861,215		—		2,861,215		—
Treasury bills	25,376		—		25,376		—
Marketable securities	4,325,836		—		4,325,836		—


Certificates of deposit included in other assets, noncurrent	272		—		272		—

Publicly held equity securities included in strategic investments	171,975		171,975		—		—
Privately held debt securities included in strategic investments	14,400		—		—		14,400
Total financial assets	$	4,823,054	$	482,546	$	4,326,108	$	14,400


	As of January 31, 2022
	Fair Value		Level 1		Level 2		Level 3

	(in thousands)
Financial Assets:
Money market funds	$	688,722	$	688,722	$	—	$	—
Treasury bills	107,496		—		107,496		—
Corporate debt securities	749		—		749		—

Cash equivalents	796,967		688,722		108,245		—
Commercial paper	28,723		—		28,723		—
Agency bonds	629,609		—		629,609		—
Corporate and other debt securities	280,927		—		280,927		—
U.S. government agency securities	3,027,509		—		3,027,509		—
Treasury bills	389,678		—		389,678		—
Marketable securities	4,356,446		—		4,356,446		—


Certificates of deposit included in other assets, noncurrent	297		—		297		—

Publicly held equity securities included in strategic investments	168,784		168,784		—		—
Privately held debt securities included in strategic investments	14,231		—		—		14,231
Total financial assets	$	5,336,725	$	857,506	$	4,464,988	$	14,231