XML 23 R9.htm IDEA: XBRL DOCUMENT v3.25.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Cash flows from operating activities:      
Net income $ 1,900,148 $ 1,010,238 $ 637,462
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation expense 760,776 931,309 1,057,161
Deferred income taxes 105,035 (90,551) (116,679)
Amortization of deferred contract acquisition costs 283,382 282,103 270,701
Gains on strategic investments, net (969,822) (177,142) (109,770)
Depreciation and amortization 132,831 122,632 104,451
Provision for accounts receivable allowances 17,351 20,022 35,244
Unrealized foreign exchange (gains) losses (11,405) 17,165 12,259
Non-cash operating lease cost 24,778 24,066 21,066
Charitable donation of common stock 20,904 0 0
Amortization of discount/premium on marketable securities (28,910) (71,636) (50,770)
Other 22,307 4,048 (7,670)
Changes in operating assets and liabilities:      
Accounts receivable 2,823 26,640 53,270
Prepaid expenses and other assets (28,821) (17,114) (71,247)
Deferred contract acquisition costs (295,949) (246,727) (214,657)
Accounts payable (613) (3,133) (4,416)
Accrued expenses and other liabilities 19,761 62,277 51,974
Deferred revenue 63,186 79,995 (46,719)
Operating lease liabilities, net (28,714) (28,884) (22,824)
Net cash provided by operating activities 1,989,048 1,945,308 1,598,836
Cash flows from investing activities:      
Purchases of marketable securities (4,824,598) (4,622,104) (4,083,968)
Maturities of marketable securities 4,064,393 3,610,274 3,131,419
Sales of marketable securities 684,371 47,482 1,191
Purchases of property and equipment (64,961) (136,560) (126,953)
Purchases of strategic investments (98,245) (18,500) (70,527)
Proceeds from sale of strategic investments 80,438 13,384 170,067
Cash paid for acquisitions, net of cash acquired (119,796) 0 (204,918)
Purchases of intangible assets (500) 0 0
Net cash used in investing activities (278,898) (1,106,024) (1,183,689)
Cash flows from financing activities:      
Cash paid for repurchases of common stock, including excise taxes (1,620,691) (1,093,878) 0
Proceeds from issuance of common stock for employee stock purchase plan 61,206 54,008 54,097
Proceeds from exercise of stock options 2,482 4,619 10,195
Proceeds from employee equity transactions (remitted) to be remitted to employees and tax authorities, net (523) 7,174 (4,106)
Taxes paid related to net share settlement of equity awards (247,832) 0 0
Net cash (used in) provided by financing activities (1,805,358) (1,028,077) 60,186
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 17,572 (15,170) (10,196)
Net (decrease) increase in cash, cash equivalents, and restricted cash (77,636) (203,963) 465,137
Cash, cash equivalents, and restricted cash—beginning of year 1,361,417 1,565,380 1,100,243
Cash, cash equivalents, and restricted cash—end of year 1,283,781 1,361,417 1,565,380
Supplemental disclosures of non-cash investing and financing information      
Purchase of equipment during the period included in accounts payable and accrued expenses 15,204 20,393 16,206
Excise tax on share repurchases included in accrued expenses 8,648 1,240 0
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 1,272,877 1,349,380 1,558,252
Restricted cash, current included in prepaid expenses and other current assets 10,904 12,037 6,874
Restricted cash, noncurrent included in other assets, noncurrent 0 0 254
Total cash, cash equivalents, and restricted cash $ 1,283,781 $ 1,361,417 $ 1,565,380