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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Oct. 31, 2023
Oct. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss, including amounts attributable to noncontrolling interest $ (390,462) $ (138,575)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Stock-based compensation expense 120,032 88,926
Charitable donation of common stock 8,025 0
Amortization of intangible assets 1,646 1,767
Depreciation expense 3,329 2,198
Amortization of deferred contract acquisition costs 31,066 32,693
Gain from deconsolidation of Meltano Inc. 0 (17,798)
Loss from equity method investment 3,048 2,247
Net amortization of premiums or discounts on short-term investments (14,361) (3,346)
Unrealized foreign exchange loss (gain), net 252 (4,081)
Other non-cash expense, net 317 439
Changes in assets and liabilities:    
Accounts receivable (5,291) (22,163)
Prepaid expenses and other current assets (8,183) (5,320)
Deferred contract acquisition costs (31,760) (33,145)
Other non-current assets (1,174) 2,050
Accounts payable (224) 1,393
Accrued expenses and other current liabilities 245,857 3,249
Accrued compensation and benefits 2,842 (15,150)
Deferred revenue 29,158 40,200
Other non-current liabilities 16,070 (1,272)
Net cash provided by (used in) operating activities 10,187 (65,688)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of short-term investments (573,676) (631,951)
Proceeds from maturities of short-term investments 526,979 122,701
Purchases of property and equipment (1,269) (5,018)
Deconsolidation of Meltano Inc. 0 (9,620)
Escrow payment related to business combination, after acquisition date (2,500) 0
Net cash used in investing activities (50,466) (523,888)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the issuance of common stock upon exercise of stock options, including early exercises, net of repurchases 22,492 17,454
Issuance of common stock under employee stock purchase plan 7,751 9,554
Contributions received from noncontrolling interests, net of issuance costs 0 61,726
Partial settlement of acquisition related contingent cash consideration 0 (3,137)
Net cash provided by financing activities 30,243 85,597
Impact of foreign exchange on cash and cash equivalents (2,557) (8,524)
Net decrease in cash and cash equivalents (12,593) (512,503)
Cash, cash equivalents, and restricted cash at beginning of period 297,902 887,172
Cash, cash equivalents, and restricted cash at end of period 285,309 374,669
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 6,015 527
Supplemental disclosure of non-cash investing and financing activities:    
Vesting of early exercised stock options 1,030 4,106
Unpaid property and equipment in accrued expenses 68 0
Reconciliation of cash, cash equivalents and restricted cash within the condensed consolidated balance sheets to the amounts shown in the condensed consolidated statements of cash flows above:    
Cash and cash equivalents 285,309 [1] 372,169
Restricted cash, included in prepaid expenses and other current assets 0 2,500
Total cash, cash equivalents and restricted cash $ 285,309 $ 374,669
[1]
(1) As of October 31, 2023 and January 31, 2023, the condensed consolidated balance sheet includes assets of the consolidated variable interest entity, GitLab Information Technology (Hubei) Co., LTD (“JiHu”), of $48.6 million and $62.8 million, respectively, and liabilities of $5.9 million and $8.9 million, respectively. The assets of JiHu can be used only to settle obligations of JiHu and creditors of JiHu do not have recourse against the general credit of the Company. Refer to “Note 12. Joint Venture and Equity Method Investment” for further discussion.