Balance Sheet Components

6 Months Ended

Jul. 31, 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
	July 31, 2023		January 31, 2023
	(in thousands)
Accounts receivable, gross	$	616,830	$	590,610
Less: allowance for credit losses	(38,093)		(24,900)
Less: allowance for returns	(7,688)		(8,306)
Accounts receivable, net	$	571,049	$	557,404

Below is a rollforward of our allowance for credit losses for the six months ended July 31, 2023 and 2022:

	2023		2022
	(in thousands)
Balance as of January 31	$	24,900	$	17,000
Provision for credit losses	30,250		25,606
Write-offs	(17,057)		(19,406)
Balance as of July 31	$	38,093	$	23,200

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:

	As of
	July 31, 2023		January 31, 2023
	(in thousands)
Prepaid expenses	$	204,768	$	123,493
Other receivables	16,427		17,142
Restricted cash from international employee stock sales	11,856		13,141
Other	11,213		9,316
Prepaid expenses and other current assets	$	244,264	$	163,092

Property and Equipment, Net

Property and equipment consisted of the following:

	As of
	July 31, 2023		January 31, 2023
	(in thousands)
Servers	$	303,527	$	249,776
Software	89,872		84,082
Computer and office equipment	46,780		48,325
Leasehold improvements	30,863		25,948
Furniture and fixtures	4,449		4,372
Property and equipment, gross	475,491		412,503
Less: accumulated depreciation and amortization	(199,610)		(159,682)
Property and equipment, net	$	275,881	$	252,821

Depreciation and amortization expense was $22.6 million and $19.6 million for the three months ended July 31, 2023 and 2022, respectively, and $44.6 million and $34.7 million for the six months ended July 31, 2023 and 2022, respectively.

Other Assets, Noncurrent

Other assets, noncurrent consisted of the following:

	As of
	July 31, 2023		January 31, 2023
	(in thousands)
Accounts receivable, noncurrent	$	41,820	$	92,031
Intangible assets subject to amortization, net	53,832		31,420
Indefinite-lived intangible assets	25,239		25,239
Prepaid expenses, noncurrent	17,528		9,695
Other	12,303		19,489
Other assets, noncurrent	$	150,722	$	177,874

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:

	As of
	July 31, 2023		January 31, 2023
	(in thousands)
Accrued expenses	$	151,881	$	160,189
Accrued compensation and benefits	111,791		139,105
Income tax liabilities	20,224		46,441
Sales and other non-income tax liabilities	30,968		33,859
Customer deposit liabilities	35,236		33,640
Operating lease liabilities, current	23,512		22,790
Other	23,656		21,692
Accrued expenses and other current liabilities	$	397,268	$	457,716

Other Liabilities, Noncurrent

Other liabilities, noncurrent consisted of the following:

	As of
	July 31, 2023		January 31, 2023
	(in thousands)
Sales and other non-income tax liabilities	$	43,640	$	42,321
Other	27,045		24,874
Other liabilities, noncurrent	$	70,685	$	67,195