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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jul. 31, 2023
Jul. 31, 2022
Cash flows from operating activities:    
Net income $ 197,418 $ 159,408
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 543,854 464,878
Amortization of deferred contract acquisition costs 138,744 119,502
Depreciation and amortization 50,202 36,155
Deferred income taxes 13,975 0
(Gains) losses on strategic investments, net (33,945)  
(Gains) losses on strategic investments, net   71,116
Provision for accounts receivable allowances 22,204 26,727
Unrealized foreign exchange losses 4,683 19,472
Non-cash operating lease cost 10,657 11,067
Amortization of discount/premium on marketable securities (18,014) 4,821
Other (3,415) (167)
Changes in operating assets and liabilities:    
Accounts receivable 13,631 (125,898)
Prepaid expenses and other assets (83,888) (136,619)
Deferred contract acquisition costs (92,927) (157,005)
Accounts payable 4,999 16,441
Accrued expenses and other liabilities (58,951) 64,262
Deferred revenue 56,332 220,550
Operating lease liabilities, net (11,101) (11,350)
Net cash provided by operating activities 754,458 783,360
Cash flows from investing activities:    
Purchases of marketable securities (1,826,166) (1,576,853)
Maturities of marketable securities 1,543,120 1,306,676
Purchases of property and equipment (68,426) (52,870)
Purchases of strategic investments (51,000) (61,550)
Proceeds from strategic investments 107,244 0
Cash paid for acquisition, net of cash acquired (204,918) (120,553)
Purchases of intangible assets 0 (3,211)
Net cash used in investing activities (500,146) (508,361)
Cash flows from financing activities:    
Proceeds from exercise of stock options 7,686 5,065
Proceeds from issuance of common stock for employee stock purchase plan 32,513 34,605
Proceeds from employee equity transactions to be remitted (remitted) to employees and tax authorities, net 1,259 (2,545)
Cash paid for repurchases of common stock 0 (425,946)
Net cash provided by (used in) financing activities 41,458 (388,821)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (3,781) (16,111)
Net increase (decrease) in cash, cash equivalents, and restricted cash 291,989 (129,933)
Cash, cash equivalents, and restricted cash – beginning of period 1,100,243 1,073,353
Cash, cash equivalents, and restricted cash – end of period 1,392,232 943,420
Reconciliation of cash, cash equivalents, and restricted cash within the condensed consolidated balance sheets to the amounts shown in the condensed consolidated statements of cash flows above:    
Cash and cash equivalents 1,380,121 937,443
Restricted cash, current included in prepaid expenses and other current assets 11,856 5,708
Restricted cash, noncurrent included in other assets, noncurrent 255 269
Total cash, cash equivalents, and restricted cash $ 1,392,232 $ 943,420