XML 18 R8.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Cash flows from operating activities:    
Net income $ 435,323 $ 197,418
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 467,375 543,854
Amortization of deferred contract acquisition costs 139,813 138,744
Depreciation and amortization 55,751 50,202
Deferred income taxes (57,866) 13,975
Gains on strategic investments, net (20,461) (33,945)
Provision for accounts receivable allowances 12,518 22,204
Unrealized foreign exchange losses 7,229 4,683
Non-cash operating lease cost 11,957 10,657
Amortization of discount/premium on marketable securities (35,840) (18,014)
Other (1,225) (3,415)
Changes in operating assets and liabilities:    
Accounts receivable 7,637 13,631
Prepaid expenses and other assets 61,035 (83,888)
Deferred contract acquisition costs (110,719) (92,927)
Accounts payable 267 4,999
Accrued expenses and other liabilities (53,967) (58,951)
Deferred revenue 133,629 56,332
Operating lease liabilities, net (14,931) (11,101)
Net cash provided by operating activities 1,037,525 754,458
Cash flows from investing activities:    
Purchases of marketable securities (2,181,315) (1,826,166)
Maturities of marketable securities 1,644,169 1,543,120
Purchases of property and equipment (102,742) (68,426)
Purchases of strategic investments (13,500) (51,000)
Proceeds from strategic investments 4,654 107,244
Cash paid for acquisition, net of cash acquired 0 (204,918)
Net cash used in investing activities (648,734) (500,146)
Cash flows from financing activities:    
Proceeds from exercise of stock options 1,855 7,686
Proceeds from issuance of common stock for employee stock purchase plan 34,263 32,513
Proceeds from employee equity transactions to be remitted to employees and tax authorities, net 2,859 1,259
Cash paid for repurchases of common stock (437,693) 0
Net cash (used in) provided by financing activities (398,716) 41,458
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (6,146) (3,781)
Net (decrease) increase in cash, cash equivalents, and restricted cash (16,071) 291,989
Cash, cash equivalents, and restricted cash – beginning of period 1,565,380 1,100,243
Cash, cash equivalents, and restricted cash – end of period 1,549,309 1,392,232
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 1,539,457 1,380,121
Restricted cash, current included in prepaid expenses and other current assets 9,852 11,856
Restricted cash, noncurrent included in other assets, noncurrent 0 255
Total cash, cash equivalents, and restricted cash $ 1,549,309 $ 1,392,232