Balance Sheet Components

3 Months Ended

Apr. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [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, 2024		January 31, 2024
	(in thousands)
Accounts receivable, gross	$	549,524	$	568,449
Less: allowance for credit losses	(17,011)		(25,916)
Less: allowance for returns	(4,998)		(6,455)
Accounts receivable, net	$	527,515	$	536,078

Below is a rollforward of our allowance for credit losses for the three months ended April 30, 2024 and 2023:

	2024		2023
	(in thousands)
Balance as of January 31	$	25,916	$	24,900
Provision for credit losses	4,533		21,737
Write-offs	(13,438)		(8,516)
Balance as of April 30	$	17,011	$	38,121

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:

	As of
	April 30, 2024		January 31, 2024
	(in thousands)
Prepaid expenses	$	151,427	$	188,259
Restricted cash	10,588		6,874
Other	20,062		24,049
Prepaid expenses and other current assets	$	182,077	$	219,182

Property and Equipment, Net

Property and equipment consisted of the following:

	As of
	April 30, 2024		January 31, 2024
	(in thousands)
Servers	$	360,672	$	340,868
Software	101,639		95,409
Computer and office equipment	43,057		44,571
Leasehold improvements	49,329		43,981
Furniture and fixtures	5,213		5,192
Property and equipment, gross	559,910		530,021
Less: accumulated depreciation and amortization	(255,198)		(236,317)
Property and equipment, net	$	304,712	$	293,704

Depreciation and amortization expense was $23.3 million and $22.0 million for the three months ended April 30, 2024 and 2023, respectively.

Other Assets, Noncurrent

Other assets, noncurrent consisted of the following:

	As of
	April 30, 2024		January 31, 2024
	(in thousands)
Accounts receivable, noncurrent	$	18,073	$	26,099
Intangible assets subject to amortization, net	43,609		46,935
Indefinite-lived intangible assets	25,239		25,239
Prepaid expenses, noncurrent	28,297		23,351
Other	11,792		11,853
Other assets, noncurrent	$	127,010	$	133,477

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:

	As of
	April 30, 2024		January 31, 2024
	(in thousands)
Accrued expenses	$	172,398	$	173,993
Accrued compensation and benefits	127,708		185,128
Income tax liabilities	71,257		21,880
Sales and other non-income tax liabilities	33,664		35,460
Customer deposit liabilities	44,065		40,142
Operating lease liabilities, current	27,572		24,645
Other	25,135		18,916
Accrued expenses and other current liabilities	$	501,799	$	500,164

Other Liabilities, Noncurrent

Other liabilities, noncurrent consisted of the following:

	As of
	April 30, 2024		January 31, 2024
	(in thousands)
Sales and other non-income tax liabilities	$	42,515	$	42,254
Long-term income tax liabilities	37,060		33,864
Other	5,641		5,260
Other liabilities, noncurrent	$	85,216	$	81,378