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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Cash flows from operating activities:      
Net loss $ (1,289,212) $ (837,990) $ (797,526)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 182,508 119,903 63,535
Non-cash operating lease costs 59,943 52,892 46,240
Amortization of deferred commissions 93,128 74,787 57,445
Stock-based compensation, net of amounts capitalized 1,479,314 1,168,015 861,533
Net amortization (accretion) of premiums (discounts) on investments (43,434) (61,525) 3,497
Net realized and unrealized losses (gains) on strategic investments in equity securities 31,420 (46,809) 46,435
Amortization of debt issuance costs 2,759 0 0
Deferred income tax (7,671) (26,762) (26,664)
Other 7,420 14,895 1,618
Changes in operating assets and liabilities, net of effects of business combinations:      
Accounts receivable 536 (212,083) (166,965)
Deferred commissions (101,569) (134,787) (95,107)
Prepaid expenses and other assets 29,850 59,795 (2,904)
Accounts payable 108,852 19,212 8,024
Accrued expenses and other liabilities 70,876 171,048 74,519
Operating lease liabilities (47,711) (40,498) (42,342)
Deferred revenue 382,755 528,029 514,301
Net cash provided by operating activities 959,764 848,122 545,639
Cash flows from investing activities:      
Purchases of property and equipment (46,279) (35,086) (25,128)
Capitalized internal-use software development costs (29,433) (34,133) (24,012)
Cash paid for business combinations, net of cash, cash equivalents, and restricted cash acquired (30,305) (275,706) (362,609)
Purchases of intangible assets 0 (28,744) (700)
Purchases of investments (2,569,243) (2,476,206) (3,901,321)
Sales of investments 64,573 11,266 58,813
Maturities and redemptions of investments 2,802,082 3,670,867 3,657,072
Settlement of cash flow hedges (749) 0 0
Net cash provided by (used in) investing activities 190,646 832,258 (597,885)
Cash flows from financing activities:      
Proceeds from exercise of stock options 44,886 57,194 39,893
Proceeds from issuance of common stock under employee stock purchase plan 77,053 61,234 40,931
Taxes paid related to net share settlement of equity awards (489,149) (380,799) (184,648)
Repurchases of common stock (1,932,333) (591,732) 0
Payments of deferred purchase consideration for business combinations (250) 0 (1,800)
Gross proceeds from issuance of convertible senior notes 2,300,000 0 0
Cash paid for issuance costs on convertible senior notes (31,230) 0 0
Purchases of capped calls related to convertible senior notes (195,500) 0 0
Capital contributions from noncontrolling interest holders 0 0 13,000
Net cash used in financing activities (226,523) (854,103) (92,624)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (6,186) (2,031) (933)
Net increase (decrease) in cash, cash equivalents, and restricted cash 917,701 824,246 (145,803)
Cash, cash equivalents, and restricted cash—beginning of period 1,780,977 956,731 1,102,534
Cash, cash equivalents, and restricted cash—end of period 2,698,678 1,780,977 956,731
Supplemental disclosures of cash flow information:      
Cash paid for income taxes 15,675 12,452 6,550
Supplemental disclosures of non-cash investing and financing activities      
Property and equipment included in accounts payable and accrued expenses 36,061 17,463 6,317
Stock-based compensation included in capitalized internal-use software development costs 38,493 48,181 28,467
Issuance of common stock in connection with business combinations 87,706 174,284 438,916
Unpaid taxes related to net share settlement of equity awards included in accrued expenses and other current liabilities 7,273 6,850 53
Reconciliation of cash, cash equivalents, and restricted cash:      
Cash and cash equivalents 2,628,798 1,762,749 939,902
Restricted cash—included in other assets and prepaid expenses and other current assets 69,880 18,228 16,829
Total cash, cash equivalents, and restricted cash $ 2,698,678 $ 1,780,977 $ 956,731