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Cash Equivalents and Investments (Tables)
12 Months Ended
Jan. 31, 2024
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 consolidated balance sheets (in thousands):
January 31, 2024
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
Cash equivalents:
U.S. government securities$742,235 $$(2)$742,234 
Money market funds533,211 — — 533,211 
Time deposits56,263 — — 56,263 
Total cash equivalents1,331,709 (2)1,331,708 
Investments:
Corporate notes and bonds1,549,151 1,959 (3,394)1,547,716 
U.S. government and agency securities877,496 574 (4,653)873,417 
Commercial paper353,525 154 (131)353,548 
Certificates of deposit224,869 271 (15)225,125 
Total investments3,005,041 2,958 (8,193)2,999,806 
Total cash equivalents and investments$4,336,750 $2,959 $(8,195)$4,331,514 

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 — 6,903 
Certificates of deposit3,045 — (1)3,044 
Total cash equivalents(1)
539,390 (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 consolidated balance sheets (in thousands):
January 31, 2024
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
Cash equivalents:
U.S. government securities$742,235 $$(2)$742,234 
Money market funds533,211 — — 533,211 
Time deposits56,263 — — 56,263 
Total cash equivalents1,331,709 (2)1,331,708 
Investments:
Corporate notes and bonds1,549,151 1,959 (3,394)1,547,716 
U.S. government and agency securities877,496 574 (4,653)873,417 
Commercial paper353,525 154 (131)353,548 
Certificates of deposit224,869 271 (15)225,125 
Total investments3,005,041 2,958 (8,193)2,999,806 
Total cash equivalents and investments$4,336,750 $2,959 $(8,195)$4,331,514 

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 — 6,903 
Certificates of deposit3,045 — (1)3,044 
Total cash equivalents(1)
539,390 (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 consolidated balance sheets, by remaining contractual maturity, is as follows (in thousands):
January 31, 2024
Estimated
Fair Value
Due within 1 year$2,083,499 
Due in 1 year to 3 years916,307 
Total$2,999,806 
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 consolidated balance sheets (in thousands):

January 31, 2024
Less than 12 Months12 Months or GreaterTotal
Fair ValueGross
Unrealized
Losses
Fair ValueGross
Unrealized
Losses
Fair ValueGross
Unrealized
Losses
Cash equivalents:
U.S. government securities$338,893 $(2)$— $— $338,893 $(2)
Total cash equivalents338,893 (2)— — 338,893 (2)
Investments:
Corporate notes and bonds625,766 (1,259)321,952 (2,135)947,718 (3,394)
U.S. government and agency securities525,408 (1,323)191,863 (3,330)717,271 (4,653)
Commercial paper172,422 (131)— — 172,422 (131)
Certificates of deposit71,813 (15)— — 71,813 (15)
Total investments1,395,409 (2,728)513,815 (5,465)1,909,224 (8,193)
Total cash equivalents and investments$1,734,302 $(2,730)$513,815 $(5,465)$2,248,117 $(8,195)

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)