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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Cash flows from operating activities:    
Net loss $ (635,586) $ (453,384)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 85,332 52,447
Non-cash operating lease costs 27,568 25,653
Amortization of deferred commissions 45,586 35,853
Stock-based compensation, net of amounts capitalized 687,936 564,231
Net accretion of discounts on investments (24,772) (32,992)
Net realized and unrealized losses (gains) on strategic investments in equity securities 27,203 (2,895)
Deferred income tax 49 (12,894)
Other 1,918 11,812
Changes in operating assets and liabilities, net of effects of business combinations:    
Accounts receivable 492,192 309,843
Deferred commissions (36,754) (40,992)
Prepaid expenses and other assets 33,347 46,916
Accounts payable 91,425 17,469
Accrued expenses and other liabilities 4,637 27,106
Operating lease liabilities (25,289) (16,023)
Deferred revenue (349,459) (149,515)
Net cash provided by operating activities 425,333 382,635
Cash flows from investing activities:    
Purchases of property and equipment (21,562) (13,268)
Capitalized internal-use software development costs (13,396) (17,215)
Cash paid for business combinations, net of cash, cash equivalents, and restricted cash acquired (8,906) (264,571)
Purchases of intangible assets 0 (27,480)
Purchases of investments (1,274,742) (1,725,964)
Sales of investments 40,797 7,266
Maturities and redemptions of investments 1,511,458 1,780,061
Settlement of cash flow hedges (749) 0
Net cash provided by (used in) investing activities 232,900 (261,171)
Cash flows from financing activities:    
Proceeds from exercise of stock options 23,664 31,519
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 (278,114) (182,710)
Repurchases of common stock (916,329) (191,694)
Net cash used in financing activities (1,124,044) (305,820)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (1,909) 1,005
Net decrease in cash, cash equivalents, and restricted cash (467,720) (183,351)
Cash, cash equivalents, and restricted cash—beginning of period 1,780,977 956,731
Cash, cash equivalents, and restricted cash—end of period 1,313,257 773,380
Supplemental disclosures of non-cash investing and financing activities:    
Property and equipment included in accounts payable and accrued expenses 20,168 6,474
Stock-based compensation included in capitalized software development costs 17,141 24,622
Unpaid taxes related to net share settlement of equity awards included in accrued expenses and other current liabilities 4,719 6,249
Reconciliation of cash, cash equivalents, and restricted cash:    
Cash and cash equivalents 1,282,045 755,192
Restricted cash—included in other assets and prepaid expenses and other current assets 31,212 18,188
Total cash, cash equivalents, and restricted cash $ 1,313,257 $ 773,380