Fair Value Measurements (Tables)

12 Months Ended

Jan. 31, 2022

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 January 31, 2022 (in thousands):

	Level 1		Level 2		Total
Cash equivalents:
Money market funds	$	722,492	$	—	$	722,492
Commercial paper	—		77,794		77,794
U.S. government securities	—		36,995		36,995
Corporate notes and bonds	—		7,949		7,949
Short-term investments:
Corporate notes and bonds	—		1,662,436		1,662,436
Commercial paper	—		883,636		883,636
U.S. government and agency securities	—		116,712		116,712
Certificates of deposit	—		103,580		103,580
Long-term investments:
Corporate notes and bonds	—		935,603		935,603
U.S. government and agency securities	—		320,207		320,207
Certificates of deposit	—		397		397
Total	$	722,492	$	4,145,309	$	4,867,801

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 January 31, 2022 (in thousands):

	Level 1		Level 3		Total
Equity securities:
Non-marketable equity securities	$	—	$	170,860	$	170,860
Marketable equity securities	34,646		—		34,646
Debt securities:
Non-marketable debt securities	—		2,250		2,250
Total strategic investments—included in other assets	$	34,646	$	173,110	$	207,756

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—included in other assets	$	—	$	41,500	$	41,500