XML 94 R9.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Cash flows from operating activities:      
Net income $ 1,010,238 $ 637,462 $ 103,711
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation expense 931,309 1,057,161 1,285,752
Deferred income taxes (90,551) (116,679) (160,961)
Amortization of deferred contract acquisition costs 282,103 270,701 259,368
(Gains) losses on strategic investments, net (177,142) (109,770) 37,571
Depreciation and amortization 122,632 104,451 82,321
Provision for accounts receivable allowances 20,022 35,244 50,285
Unrealized foreign exchange losses 17,165 12,259 13,266
Non-cash operating lease cost 24,066 21,066 28,933
Amortization of discount/premium on marketable securities (71,636) (50,770) 1,206
Other 4,048 (7,670) 1,647
Changes in operating assets and liabilities:      
Accounts receivable 26,640 53,270 (231,845)
Prepaid expenses and other assets (17,114) (71,247) (18,066)
Deferred contract acquisition costs (246,727) (214,657) (298,629)
Accounts payable (3,133) (4,416) 11,611
Accrued expenses and other liabilities 62,277 51,974 20,530
Deferred revenue 79,995 (46,719) 127,401
Operating lease liabilities, net (28,884) (22,824) (23,839)
Net cash provided by operating activities 1,945,308 1,598,836 1,290,262
Cash flows from investing activities:      
Purchases of marketable securities (4,622,104) (4,083,968) (2,849,121)
Maturities of marketable securities 3,610,274 3,131,419 2,835,196
Sales of marketable securities 47,482 1,191 0
Purchases of property and equipment (136,560) (126,953) (103,826)
Purchases of strategic investments (18,500) (70,527) (69,050)
Proceeds from strategic investments 13,384 170,067 300
Cash paid for acquisition, net of cash acquired 0 (204,918) (120,553)
Purchases of intangible assets 0 0 (11,268)
Net cash used in investing activities (1,106,024) (1,183,689) (318,322)
Cash flows from financing activities:      
Cash paid for repurchases of common stock (1,093,878) 0 (1,000,003)
Proceeds from issuance of common stock for employee stock purchase plan 54,008 54,097 53,710
Proceeds from exercise of stock options 4,619 10,195 8,577
Proceeds from employee equity transactions to be remitted (remitted) to employees and tax authorities, net 7,174 (4,106) 774
Net cash (used in) provided by financing activities (1,028,077) 60,186 (936,942)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (15,170) (10,196) (8,108)
Net (decrease) increase in cash, cash equivalents, and restricted cash (203,963) 465,137 26,890
Cash, cash equivalents, and restricted cash—beginning of year 1,565,380 1,100,243 1,073,353
Cash, cash equivalents, and restricted cash—end of year 1,361,417 1,565,380 1,100,243
Supplemental disclosures of cash flow information      
Cash paid for income taxes, net 395,401 348,129 309,084
Supplemental disclosures of non-cash investing and financing information      
Purchase of equipment during the period included in accounts payable and accrued expenses 20,393 16,206 11,946
Excise tax on share repurchases included in accrued expenses 1,240 0 0
Vesting of early exercised stock options 0 0 238
Reconciliation of cash, cash equivalents, and restricted cash within the consolidated balance sheets to the amounts shown in the consolidated statements of cash flows above:      
Cash and cash equivalents 1,349,380 1,558,252 1,086,830
Restricted cash, current included in prepaid expenses and other current assets 12,037 6,874 13,141
Restricted cash, noncurrent included in other assets, noncurrent 0 254 272
Total cash, cash equivalents, and restricted cash $ 1,361,417 $ 1,565,380 $ 1,100,243