Fair Value Measurements (Tables)

9 Months Ended

Oct. 31, 2020

The following table presents the fair value hierarchy for the Company’s assets measured at fair value on a recurring basis as of October 31, 2020 (in thousands):


	Level 1		Level 2		Total

Cash equivalents:
U.S. government and agency securities	$	—	$	3,778,212	$	3,778,212
Money market funds	54,422		—		54,422

Short-term investments:

U.S. government and agency securities	—		681,018		681,018
Corporate notes and bonds	—		66,946		66,946
Certificates of deposit	—		45,312		45,312
Commercial paper	—		20,847		20,847
Long-term investments:
U.S. government and agency securities	—		301,978		301,978
Corporate notes and bonds	—		45,178		45,178

Asset-backed securities	—		247		247
Total	$	54,422	$	4,939,738	$	4,994,160

The following table presents the fair value hierarchy for the Company’s assets measured at fair value on a recurring basis as of January 31, 2020 (in thousands):


	Level 1		Level 2		Total

Cash equivalents:
U.S. government and agency securities	$	—	$	32,472	$	32,472
Money market funds	21,379		—		21,379
Commercial paper	—		446		446
Short-term investments:
U.S. government securities	—		245,756		245,756
Corporate notes and bonds	—		23,674		23,674
Commercial paper	—		17,008		17,008
Certificates of deposit	—		10,899		10,899
Asset-backed securities	—		9,507		9,507
Long-term investments:
U.S. government and agency securities	—		14,197		14,197
Corporate notes and bonds	—		7,025		7,025
Certificates of deposit	—		1,705		1,705
Asset-backed securities	—		605		605
Total	$	21,379	$	363,294	$	384,673