Balance Sheet Components

3 Months Ended

Apr. 30, 2023

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, 2023		January 31, 2023
	(in thousands)
Accounts receivable, gross	$	638,142	$	590,610
Less: allowance for credit losses	(38,121)		(24,900)
Less: allowance for returns	(9,327)		(8,306)
Accounts receivable, net	$	590,694	$	557,404

Below is a rollforward of our allowance for credit losses for the three months ended April 30, 2023 and 2022:

	2023		2022
	(in thousands)
Balance as of January 31	$	24,900	$	17,000
Provision for credit losses	21,737		13,407
Write-offs	(8,516)		(10,407)
Balance as of April 30	$	38,121	$	20,000

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:

	As of
	April 30, 2023		January 31, 2023
	(in thousands)
Prepaid expenses	$	130,815	$	123,493
Other receivables	17,146		17,142
Restricted cash from international employee stock sales	12,610		13,141
Other	10,416		9,316
Prepaid expenses and other current assets	$	170,987	$	163,092

Property and Equipment, Net

Property and equipment consisted of the following:

	As of
	April 30, 2023		January 31, 2023
	(in thousands)
Servers	$	268,220	$	249,776
Software	86,854		84,082
Computer and office equipment	47,250		48,325
Leasehold improvements	28,210		25,948
Furniture and fixtures	4,372		4,372
Property and equipment, gross	434,906		412,503
Less: accumulated depreciation and amortization	(179,688)		(159,682)
Property and equipment, net	$	255,218	$	252,821

Depreciation and amortization expense was $22.0 million and $15.1 million for the three months ended April 30, 2023 and 2022, respectively.

Other Assets, Noncurrent

Other assets, noncurrent consisted of the following:

	As of
	April 30, 2023		January 31, 2023
	(in thousands)
Accounts receivable, noncurrent	$	72,303	$	92,031
Intangible assets subject to amortization, net	57,399		31,420
Indefinite-lived intangible assets	25,239		25,239
Prepaid expenses, noncurrent	14,334		9,695
Other	12,346		19,489
Other assets, noncurrent	$	181,621	$	177,874

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:

	As of
	April 30, 2023		January 31, 2023
	(in thousands)
Accrued expenses	$	222,540	$	160,189
Accrued compensation and benefits	135,486		139,105
Income tax liabilities	25,325		46,441
Sales and other non-income tax liabilities	29,403		33,859
Customer deposit liabilities	31,793		33,640
Operating lease liabilities, current	22,659		22,790
Other	22,607		21,692
Accrued expenses and other current liabilities	$	489,813	$	457,716

Other Liabilities, Noncurrent

Other liabilities, noncurrent consisted of the following:

	As of
	April 30, 2023		January 31, 2023
	(in thousands)
Sales and other non-income tax liabilities	$	42,904	$	42,321
Other	28,260		24,874
Other liabilities, noncurrent	$	71,164	$	67,195