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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Cash flows from operating activities:    
Net income $ 338,630 $ 207,761
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 802,788 767,693
Amortization of deferred contract acquisition costs 203,908 186,626
Depreciation and amortization 77,179 57,921
Deferred income taxes 20,056 0
(Gains) losses on strategic investments, net (8,474)  
(Gains) losses on strategic investments, net   78,014
Provision for accounts receivable allowances 29,062 39,580
Unrealized foreign exchange losses 23,281 40,884
Non-cash operating lease cost 15,841 16,949
Amortization of discount/premium on marketable securities (33,307) 4,156
Other (5,251) 1,044
Changes in operating assets and liabilities:    
Accounts receivable 71,993 (238,020)
Prepaid expenses and other assets (124,455) (163,721)
Deferred contract acquisition costs (146,354) (217,822)
Accounts payable (2,258) 24,561
Accrued expenses and other liabilities (15) 116,391
Deferred revenue 1,918 174,325
Operating lease liabilities, net (16,931) (17,668)
Net cash provided by operating activities 1,247,611 1,078,674
Cash flows from investing activities:    
Purchases of marketable securities (2,963,597) (1,927,049)
Maturities of marketable securities 2,358,078 2,137,875
Purchases of property and equipment (108,413) (75,568)
Purchases of strategic investments (52,800) (65,050)
Proceeds from strategic investments 107,244 300
Cash paid for acquisition, net of cash acquired (204,918) (120,553)
Purchases of intangible assets 0 (10,568)
Net cash used in investing activities (864,406) (60,613)
Cash flows from financing activities:    
Proceeds from exercise of stock options 8,336 6,815
Proceeds from issuance of common stock for employee stock purchase plan 32,513 34,605
Proceeds from employee equity transactions (remitted) to be remitted to employees and tax authorities, net (4,897) 671
Cash paid for repurchases of common stock 0 (990,778)
Net cash provided by (used in) financing activities 35,952 (948,687)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (21,273) (36,639)
Net increase (decrease) in cash, cash equivalents, and restricted cash 397,884 32,735
Cash, cash equivalents, and restricted cash – beginning of period 1,100,243 1,073,353
Cash, cash equivalents, and restricted cash – end of period 1,498,127 1,106,088
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 1,492,910 1,096,174
Restricted cash, current included in prepaid expenses and other current assets 4,972 9,668
Restricted cash, noncurrent included in other assets, noncurrent 245 246
Total cash, cash equivalents, and restricted cash $ 1,498,127 $ 1,106,088