Fair Value Measurements (Tables)

3 Months Ended

Apr. 30, 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 April 30, 2022 (in thousands):

	Level 1		Level 2		Total
Cash equivalents:
Money market funds	$	744,931	$	—	$	744,931
Commercial paper	—		98,839		98,839
Corporate notes and bonds	—		13,543		13,543
Short-term investments:
Corporate notes and bonds	—		1,621,164		1,621,164
Commercial paper	—		773,623		773,623
U.S. government and agency securities	—		206,221		206,221
Certificates of deposit	—		150,671		150,671
Long-term investments:
Corporate notes and bonds	—		829,568		829,568
U.S. government and agency securities	—		382,414		382,414
Certificates of deposit	—		396		396
Total	$	744,931	$	4,076,439	$	4,821,370

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 strategic investments measured at fair value as of April 30, 2022 (in thousands):

	Level 1		Level 3		Total
Equity securities:
Non-marketable equity securities	$	—	$	192,860	$	192,860
Marketable equity securities	25,787		—		25,787
Debt securities:
Non-marketable debt securities	—		2,250		2,250
Total strategic investments—included in other assets	$	25,787	$	195,110	$	220,897

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