XML 35 R8.htm IDEA: XBRL DOCUMENT v3.24.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Cash flows from operating activities:      
Net loss $ (89,883) $ (328,352) $ (525,586)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization 22,597 18,723 14,705
Amortization of deferred contract acquisition costs 75,471 59,826 39,257
Net amortization on marketable securities (28,246) (1,782) 1,954
Stock-based compensation expense 371,955 369,840 515,583
Charitable donation of Class A common stock 4,215 5,499 0
Non-cash operating lease expense 13,047 11,675 8,875
Abandonment and impairment charges 0 2,881 0
Provision for deferred income taxes 554 861 (5,832)
Other non-cash (credits) charges, net (3,700) (2,465) 1,983
Changes in operating assets and liabilities:      
Accounts receivable (64,217) (123,783) (86,387)
Contract assets (14,694) (185) (43,660)
Deferred contract acquisition costs (118,833) (118,909) (130,186)
Prepaid expenses and other assets 4,222 (59,810) (15,360)
Accounts payable (5,052) (1,571) 3,507
Accrued expenses and other liabilities 11,804 (14,954) 45,729
Accrued compensation and employee benefits (4,039) 15,086 24,038
Operating lease liabilities, net (13,590) (3,307) (9,064)
Deferred revenue 137,471 160,746 105,481
Net cash provided by (used in) operating activities 299,082 (9,981) (54,963)
Cash flows from investing activities:      
Purchases of marketable securities (1,485,965) (388,409) (212,512)
Sales of marketable securities 0 0 89,383
Maturities of marketable securities 1,050,984 151,426 107,745
Purchases of property and equipment (7,342) (23,815) (8,879)
Payments related to business acquisitions, net of cash acquired 0 (29,542) (5,498)
Capitalized software development costs 0 0 (2,950)
Other investing, net 2,754 1,197 (2,731)
Net cash used in investing activities (439,569) (289,143) (35,442)
Cash flows from financing activities:      
Repurchases of Class A common stock (102,615) 0 0
Proceeds from exercise of stock options 6,740 8,388 12,197
Payments of tax withholdings on net settlement of equity awards (112,067) (73,095) (10,467)
Net (payments) receipts of tax withholdings on sell-to-cover equity award transactions (645) (9,480) 10,432
Proceeds from employee stock purchase plan contributions 17,555 15,011 19,040
Payment of deferred consideration related to business acquisition (5,863) 0 0
Repurchase of unvested early exercised stock options 0 (1,493) 0
Proceeds from initial public offering, net of underwriting discounts and commissions 0 0 692,369
Payments of initial public offering costs 0 0 (3,734)
Proceeds from issuance of convertible preferred stock 0 0 750,000
Issuance costs related to convertible preferred stock 0 0 (164)
Net cash (used in) provided by financing activities (196,895) (60,669) 1,469,673
Effect of exchange rate changes (2,621) (6,811) 18,265
Net (decrease) increase in cash, cash equivalents, and restricted cash (340,003) (366,604) 1,397,533
Cash, cash equivalents, and restricted cash at beginning of period 1,402,119 1,768,723 371,190
Cash, cash equivalents, and restricted cash at end of period 1,062,116 1,402,119 1,768,723
Supplemental disclosures of cash flow information:      
Cash paid for interest 563 651 691
Cash paid for income taxes 10,822 20,999 8,454
Supplemental disclosures of non-cash investing and financing activity:      
Stock-based compensation capitalized for software development 0 0 4,487
Value of shares issued in payment of business acquisitions 0 2,965 30,467
Loan notes issued in connection with business acquisitions 0 11,433 0
Reduction in accrued expenses and other liabilities for vesting of early exercised stock options 2 1,357 3,017
Tax withholdings on net settlement of restricted stock units, accrued but not yet paid 3,354 2,213 270
Purchases of property and equipment included in accounts payable $ 511 $ 1,056 $ 1,863