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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Cash flows from operating activities:      
Net income (loss) $ (1,329,035) $ (1,289,212) $ (837,990)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 220,443 182,508 119,903
Non-cash operating lease costs 66,463 59,943 52,892
Amortization of deferred commissions 140,415 93,128 74,787
Asset impairment related to office facility exit 108,715 0 0
Stock-based compensation, net of amounts capitalized 1,599,547 1,479,314 1,168,015
Net accretion of discounts on investments (21,813) (43,434) (61,525)
Net realized and unrealized losses (gains) on strategic investments in equity securities 59,895 31,420 (46,809)
Amortization of debt issuance costs 8,298 2,759 0
Deferred income tax (2,337) (7,671) (26,762)
Non-cash restructuring charges (recoveries), net (11,159) 1,391 0
Other (1,250) 6,029 14,895
Changes in operating assets and liabilities, net of effects of business combinations:      
Accounts receivable (379,969) 536 (212,083)
Deferred commissions (305,063) (101,569) (134,787)
Prepaid expenses and other assets (44,516) 29,850 59,795
Accounts payable (8,299) 108,852 19,212
Accrued expenses and other liabilities 393,337 70,876 171,048
Operating lease liabilities (26,949) (47,711) (40,498)
Deferred revenue 755,219 382,755 528,029
Net cash provided by operating activities 1,221,942 959,764 848,122
Cash flows from investing activities:      
Purchases of property and equipment (101,628) (46,279) (35,086)
Capitalized software development costs 0 (29,433) (34,133)
Cash paid for business combinations, net of cash, cash equivalents, and restricted cash acquired (178,850) (30,305) (275,706)
Purchases of intangible assets (3,101) 0 (28,744)
Purchases of investments (2,040,420) (2,569,243) (2,476,206)
Sales of investments 21,203 64,573 11,266
Maturities and redemptions of investments 2,615,037 2,802,082 3,670,867
Settlement of cash flow hedges 0 (749) 0
Net cash provided by investing activities 312,241 190,646 832,258
Cash flows from financing activities:      
Proceeds from exercise of stock options 84,130 44,886 57,194
Proceeds from issuance of common stock under employee stock purchase plan 88,123 77,053 61,234
Taxes paid related to net share settlement of equity awards (672,867) (489,149) (380,799)
Repurchases of common stock (873,537) (1,932,333) (591,732)
Distributions to noncontrolling interest holders (9,295) 0 0
Payments of deferred purchase consideration for business combinations (1,944) (250) 0
Gross proceeds from issuance of convertible senior notes 0 2,300,000 0
Cash paid for issuance costs on convertible senior notes 0 (31,230) 0
Purchases of capped calls related to convertible senior notes 0 (195,500) 0
Net cash used in financing activities (1,385,390) (226,523) (854,103)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 16,832 (6,186) (2,031)
Net increase in cash, cash equivalents, and restricted cash 165,625 917,701 824,246
Cash, cash equivalents, and restricted cash—beginning of period 2,698,678 1,780,977 956,731
Cash, cash equivalents, and restricted cash—end of period 2,864,303 2,698,678 1,780,977
Supplemental disclosures of non-cash investing and financing activities      
Property and equipment included in accounts payable and accrued expenses 17,206 36,061 17,463
Stock-based compensation included in capitalized software development costs 0 38,493 48,181
Issuance of common stock in connection with business combinations 13,074 87,706 174,284
Reconciliation of cash, cash equivalents, and restricted cash:      
Cash and cash equivalents 2,828,163 2,628,798 1,762,749
Restricted cash—included in other assets and prepaid expenses and other current assets 36,140 69,880 18,228
Total cash, cash equivalents, and restricted cash $ 2,864,303 $ 2,698,678 $ 1,780,977