Fair Value Measurements (Tables)

9 Months Ended

Oct. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of Fair Value Measurements

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, 2021 (in thousands):

	Level 1		Level 2		Total
Cash equivalents:
Money market funds	$	581,689	$	—	$	581,689
U.S. government securities	—		60,000		60,000
Commercial paper	—		46,993		46,993
Certificates of deposit	—		27,002		27,002
Corporate notes and bonds	—		6,193		6,193
Short-term investments:
Corporate notes and bonds	—		1,454,923		1,454,923
Commercial paper	—		1,065,978		1,065,978
U.S. government and agency securities	—		243,323		243,323
Certificates of deposit	—		191,389		191,389
Long-term investments:
Corporate notes and bonds	—		1,054,854		1,054,854
U.S. government and agency securities	—		148,013		148,013
Certificates of deposit	—		8,991		8,991
Total	$	581,689	$	4,307,659	$	4,889,348

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, 2021 (in thousands):

	Level 1		Level 2		Total
Cash equivalents:
Money market funds	$	334,891	$	—	$	334,891
Commercial paper	—		242,037		242,037
Corporate notes and bonds	—		58,970		58,970
U.S. government securities	—		23,700		23,700
Certificates of deposit	—		23,503		23,503
Short-term investments:
Corporate notes and bonds	—		1,318,573		1,318,573
U.S. government and agency securities	—		829,318		829,318
Commercial paper	—		711,372		711,372
Certificates of deposit	—		228,624		228,624
Long-term investments:
Corporate notes and bonds	—		968,580		968,580
U.S. government and agency securities	—		186,945		186,945
Certificates of deposit	—		9,750		9,750
Total	$	334,891	$	4,601,372	$	4,936,263

The following table presents the fair value hierarchy for the Company’s strategic investments measured at fair value as of October 31, 2021 (in thousands):

	Level 1		Level 3		Total
Equity securities:
Non-marketable equity securities	$	—	$	101,951	$	101,951
Marketable equity securities	20,455		—		20,455
Debt securities:
Non-marketable debt securities	—		2,250		2,250
Total strategic investments	$	20,455	$	104,201	$	124,656

The following table presents the fair value hierarchy for the Company’s strategic investments measured at fair value as of January 31, 2021 (in thousands):

	Level 1		Level 3		Total
Non-marketable equity securities	$	—	$	41,000	$	41,000
Non-marketable debt securities	—		500		500
Total strategic investments	$	—	$	41,500	$	41,500