XML 37 R26.htm IDEA: XBRL DOCUMENT v3.23.3
Cash Equivalents and Investments (Tables)
 9 Months Ended
Oct. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
Schedule of Cash Equivalents and Investments
The following is a summary of the Company’s cash equivalents, short-term investments, and long-term investments on the condensed consolidated balance sheets (in thousands):

October 31, 2023
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair Value
Cash equivalents:
Money market funds$579,719 $— $— $579,719 
Time deposits5,285 — — 5,285 
Commercial paper4,997 — (1)4,996 
Total cash equivalents590,001 — (1)590,000 
Investments:
Corporate notes and bonds1,530,205 483 (12,947)1,517,741 
U.S. government and agency securities1,135,128 7 (11,259)1,123,876 
Commercial paper572,082 29 (439)571,672 
Certificates of deposit300,969 93 (165)300,897 
Total investments3,538,384 612 (24,810)3,514,186 
Total cash equivalents and investments$4,128,385 $612 $(24,811)$4,104,186 

January 31, 2023
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair Value
Cash equivalents:
Money market funds(1)
$520,138 $— $— $520,138 
Commercial paper9,305 — (1)9,304 
Corporate notes and bonds6,902 1 — 6,903 
Certificates of deposit3,045 — (1)3,044 
Total cash equivalents(1)
539,390 1 (2)539,389 
Investments:
Corporate notes and bonds2,124,454 2,096 (23,470)2,103,080 
Commercial paper883,023 272 (1,947)881,348 
U.S. government and agency securities715,949 107 (12,220)703,836 
Certificates of deposit453,557 278 (1,110)452,725 
Total investments4,176,983 2,753 (38,747)4,140,989 
Total cash equivalents and investments(1)
$4,716,373 $2,754 $(38,749)$4,680,378 
________________
(1)Includes a reclassification of $141.0 million from cash to cash equivalents for the money market funds balance as of January 31, 2023, as presented in the Annual Report on Form 10-K filed with the SEC on March 29, 2023. Such reclassification did not impact the Company’s consolidated balance sheet as of January 31, 2023 or its consolidated statement of cash flows for the fiscal year ended January 31, 2023.
Schedule of Cash Equivalents and Investments
The following is a summary of the Company’s cash equivalents, short-term investments, and long-term investments on the condensed consolidated balance sheets (in thousands):

October 31, 2023
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair Value
Cash equivalents:
Money market funds$579,719 $— $— $579,719 
Time deposits5,285 — — 5,285 
Commercial paper4,997 — (1)4,996 
Total cash equivalents590,001 — (1)590,000 
Investments:
Corporate notes and bonds1,530,205 483 (12,947)1,517,741 
U.S. government and agency securities1,135,128 7 (11,259)1,123,876 
Commercial paper572,082 29 (439)571,672 
Certificates of deposit300,969 93 (165)300,897 
Total investments3,538,384 612 (24,810)3,514,186 
Total cash equivalents and investments$4,128,385 $612 $(24,811)$4,104,186 

January 31, 2023
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair Value
Cash equivalents:
Money market funds(1)
$520,138 $— $— $520,138 
Commercial paper9,305 — (1)9,304 
Corporate notes and bonds6,902 1 — 6,903 
Certificates of deposit3,045 — (1)3,044 
Total cash equivalents(1)
539,390 1 (2)539,389 
Investments:
Corporate notes and bonds2,124,454 2,096 (23,470)2,103,080 
Commercial paper883,023 272 (1,947)881,348 
U.S. government and agency securities715,949 107 (12,220)703,836 
Certificates of deposit453,557 278 (1,110)452,725 
Total investments4,176,983 2,753 (38,747)4,140,989 
Total cash equivalents and investments(1)
$4,716,373 $2,754 $(38,749)$4,680,378 
________________
(1)Includes a reclassification of $141.0 million from cash to cash equivalents for the money market funds balance as of January 31, 2023, as presented in the Annual Report on Form 10-K filed with the SEC on March 29, 2023. Such reclassification did not impact the Company’s consolidated balance sheet as of January 31, 2023 or its consolidated statement of cash flows for the fiscal year ended January 31, 2023.
Schedule of Available For Sale Securities Remaining Contractual Maturity The estimated fair values of available-for-sale marketable debt securities, classified as short-term or long-term investments on the Company’s condensed consolidated balance sheets, by remaining contractual maturity, are as follows (in thousands):
October 31, 2023
Estimated
Fair Value
Due within 1 year$2,566,357 
Due in 1 year to 3 years947,829 
Total$3,514,186 
Schedule of Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value
The following tables show the fair values of, and the gross unrealized losses on, the Company’s available-for-sale marketable debt securities, classified by the length of time that the securities have been in a continuous unrealized loss position and aggregated by investment type, on the condensed consolidated balance sheets (in thousands):

October 31, 2023
Less than 12 Months12 Months or GreaterTotal
Fair ValueGross
Unrealized
Losses		Fair ValueGross
Unrealized
Losses		Fair ValueGross
Unrealized
Losses
Cash equivalents:
Commercial paper$4,997 $(1)$— $— $4,997 $(1)
Total cash equivalents4,997 (1)— — 4,997 (1)
Investments:
Corporate notes and bonds873,774 (7,142)460,730 (5,805)1,334,504 (12,947)
U.S. government and agency securities785,354 (5,392)244,639 (5,867)1,029,993 (11,259)
Commercial paper490,963 (439)— — 490,963 (439)
Certificates of deposit153,122 (165)— — 153,122 (165)
Total investments2,303,213 (13,138)705,369 (11,672)3,008,582 (24,810)
Total cash equivalents and investments$2,308,210 $(13,139)$705,369 $(11,672)$3,013,579 $(24,811)
January 31, 2023
Less than 12 Months12 Months or GreaterTotal
Fair ValueGross
Unrealized
Losses		Fair ValueGross
Unrealized
Losses		Fair ValueGross
Unrealized
Losses
Cash equivalents:
Commercial paper$9,304 $(1)$— $— $9,304 $(1)
Certificates of deposit3,044 (1)— — 3,044 (1)
Total cash equivalents12,348 (2)— — 12,348 (2)
Investments:
Corporate notes and bonds899,655 (8,521)736,431 (14,949)1,636,086 (23,470)
U.S. government and agency securities387,207 (3,157)232,771 (9,063)619,978 (12,220)
Commercial paper561,793 (1,947)— — 561,793 (1,947)
Certificates of deposit256,428 (1,110)— — 256,428 (1,110)
Total investments2,105,083 (14,735)969,202 (24,012)3,074,285 (38,747)
Total cash equivalents and investments$2,117,431 $(14,737)$969,202 $(24,012)$3,086,633 $(38,749)