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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jan. 31, 2024
Jan. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,762,749 $ 939,902
Short-term investments 2,083,499 3,067,966
Accounts receivable, net 926,902 715,821
Deferred commissions, current 86,096 67,901
Prepaid expenses and other current assets 180,018 193,100
Total current assets 5,039,264 4,984,690
Long-term investments 916,307 1,073,023
Property and equipment, net 247,464 160,823
Operating lease right-of-use assets 252,128 231,266
Goodwill 975,906 657,370
Intangible assets, net 331,411 186,013
Deferred commissions, non-current 187,093 145,286
Other assets 273,810 283,851
Total assets 8,223,383 7,722,322
Current liabilities:    
Accounts payable 51,721 23,672
Accrued expenses and other current liabilities 446,860 269,069
Operating lease liabilities, current 33,944 27,301
Deferred revenue, current 2,198,705 1,673,475
Total current liabilities 2,731,230 1,993,517
Operating lease liabilities, non-current 254,037 224,357
Deferred revenue, non-current 14,402 11,463
Other liabilities 33,120 24,370
Total liabilities 3,032,789 2,253,707
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock; $0.0001 par value per share; 200,000 shares authorized, zero shares issued and outstanding as of each January 31, 2024 and 2023 0 0
Common stock; $0.0001 par value per share; 2,500,000 Class A shares authorized, 334,453 and 323,305 shares issued and outstanding as of January 31, 2024 and 2023, respectively (excluding 200 shares and zero shares of treasury stock held by a wholly-owned subsidiary as of January 31, 2024 and 2023, respectively(1)); 185,461 Class B shares authorized, zero shares issued and outstanding as of each January 31, 2024 and 2023 [1] 34 32
Treasury stock, at cost; 492 shares and zero shares held as of January 31, 2024 and 2023, respectively (67,140) 0
Additional paid-in capital 9,331,238 8,210,750
Accumulated other comprehensive loss (8,220) (38,272)
Accumulated deficit (4,075,604) (2,716,074)
Total Snowflake Inc. stockholders’ equity 5,180,308 5,456,436
Noncontrolling interest 10,286 12,179
Total stockholders’ equity 5,190,594 5,468,615
Total liabilities and stockholders’ equity $ 8,223,383 $ 7,722,322
[1] In connection with a business combination completed on December 20, 2023, the Company issued approximately 0.2 million shares of its Class A common stock to one of its wholly-owned subsidiaries, in exchange for a noncontrolling equity interest in the acquired company that was held by the subsidiary prior to this business combination. These shares are treated as treasury stock for accounting purposes. See Note 7, “Business Combinations,” for further details.