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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Apr. 30, 2024
Apr. 30, 2023
Cash flows from operating activities:    
Net loss $ (317,816) $ (226,064)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 40,221 23,163
Non-cash operating lease costs 13,722 12,869
Amortization of deferred commissions 22,764 17,672
Stock-based compensation, net of amounts capitalized 331,936 264,509
Net accretion of discounts on investments (11,992) (15,331)
Net realized and unrealized losses on strategic investments in equity securities 20,695 2,414
Deferred income tax 0 (8,868)
Other 669 9,978
Changes in operating assets and liabilities, net of effects of business combinations:    
Accounts receivable 579,319 362,893
Deferred commissions (14,940) (16,440)
Prepaid expenses and other assets (1,111) 5,527
Accounts payable 21,244 (3,093)
Accrued expenses and other liabilities (54,688) (8,542)
Operating lease liabilities (13,374) (10,763)
Deferred revenue (261,181) (110,480)
Net cash provided by operating activities 355,468 299,444
Cash flows from investing activities:    
Purchases of property and equipment (16,519) (6,970)
Capitalized internal-use software development costs (7,404) (9,341)
Cash paid for business combinations, net of cash, cash equivalents, and restricted cash acquired 0 (123,112)
Purchases of investments (1,078,261) (1,037,286)
Sales of investments 30,360 5,652
Maturities and redemptions of investments 921,395 808,844
Settlement of cash flow hedges (749) 0
Net cash used in investing activities (151,178) (362,213)
Cash flows from financing activities:    
Proceeds from exercise of stock options 10,686 15,370
Proceeds from issuance of common stock under employee stock purchase plan 46,735 37,065
Taxes paid related to net share settlement of equity awards (174,590) (84,399)
Repurchases of common stock (516,329) (191,694)
Net cash used in financing activities (633,498) (223,658)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (2,633) 535
Net decrease in cash, cash equivalents, and restricted cash (431,841) (285,892)
Cash, cash equivalents, and restricted cash—beginning of period 1,780,977 956,731
Cash, cash equivalents, and restricted cash—end of period 1,349,136 670,839
Supplemental disclosures of non-cash investing and financing activities:    
Property and equipment included in accounts payable and accrued expenses 16,793 8,071
Stock-based compensation included in capitalized software development costs 9,295 11,719
Unpaid taxes related to net share settlement of equity awards included in accrued expenses and other current liabilities 9,354 4,657
Reconciliation of cash, cash equivalents, and restricted cash:    
Cash and cash equivalents 1,330,411 653,014
Restricted cash—included in other assets and prepaid expenses and other current assets 18,725 17,825
Total cash, cash equivalents, and restricted cash $ 1,349,136 $ 670,839