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Fair Value Measurements (Tables) | 6 Months Ended
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Jul. 31, 2022
Fair Value Disclosures [Abstract] |
Schedule of Fair Value Measurements | The following table presents the fair value hierarchy for the Company’s assets measured at fair value on a recurring basis as of July 31, 2022 (in thousands):
| Level 1 |  | Level 2 |  | Total
Cash equivalents: |  |  |  |  |
Money market funds | $ | 590,661 |  |  | $ | — |  |  | $ | 590,661 |
Commercial paper | — |  |  | 71,821 |  |  | 71,821 |
Corporate notes and bonds | — |  |  | 15,696 |  |  | 15,696 |
Short-term investments: |  |  |  |  |
Corporate notes and bonds | — |  |  | 1,729,751 |  |  | 1,729,751 |
Commercial paper | — |  |  | 889,803 |  |  | 889,803 |
Certificates of deposit | — |  |  | 289,481 |  |  | 289,481 |
U.S. government and agency securities | — |  |  | 137,442 |  |  | 137,442 |
Long-term investments: |  |  |  |  |
Corporate notes and bonds | — |  |  | 704,521 |  |  | 704,521 |
U.S. government and agency securities | — |  |  | 382,163 |  |  | 382,163 |
Total | $ | 590,661 |  |  | $ | 4,220,678 |  |  | $ | 4,811,339 |
The following table presents the fair value hierarchy for the Company’s assets measured at fair value on a recurring basis as of January 31, 2022 (in thousands):
| Level 1 |  | Level 2 |  | Total
Cash equivalents: |  |  |  |  |
Money market funds | $ | 722,492 |  |  | $ | — |  |  | $ | 722,492 |
Commercial paper | — |  |  | 77,794 |  |  | 77,794 |
U.S. government securities | — |  |  | 36,995 |  |  | 36,995 |
Corporate notes and bonds | — |  |  | 7,949 |  |  | 7,949 |
Short-term investments: |  |  |  |  |
Corporate notes and bonds | — |  |  | 1,662,436 |  |  | 1,662,436 |
Commercial paper | — |  |  | 883,636 |  |  | 883,636 |
U.S. government and agency securities | — |  |  | 116,712 |  |  | 116,712 |
Certificates of deposit | — |  |  | 103,580 |  |  | 103,580 |
Long-term investments: |  |  |  |  |
Corporate notes and bonds | — |  |  | 935,603 |  |  | 935,603 |
U.S. government and agency securities | — |  |  | 320,207 |  |  | 320,207 |
Certificates of deposit | — |  |  | 397 |  |  | 397 |
Total | $ | 722,492 |  |  | $ | 4,145,309 |  |  | $ | 4,867,801 |
The following table presents the Company’s strategic investments by type (in thousands):
|  |  |  |  | July 31, 2022 |  | January 31, 2022
Equity securities: |  |  |  |  |  |  |
Non-marketable equity securities under Measurement Alternative |  |  |  |  | $ | 176,805 |  |  | $ | 170,860 |
Marketable equity securities |  |  |  |  | 29,168 |  |  | 34,646 |
Debt securities: |  |  |  |  |  |  |
Non-marketable debt securities |  |  |  |  | 1,500 |  |  | 2,250 |
Total strategic investments—included in other assets |  |  |  |  | $ | 207,473 |  |  | $ | 207,756 |
Unrealized Gain (Loss) on Investments | The following table summarizes the unrealized gains and losses included in the carrying value of the Company’s strategic investments in equity securities held as of July 31, 2022 (in thousands):
| Three Months Ended July 31, |  | Six Months Ended July 31, |  |
| 2022 |  | 2021 |  | 2022 |  | 2021 |  |
Non-marketable equity securities under Measurement Alternative: |  |  |  |  |  |  |  |  |
Upward adjustments | $ | — |  |  | $ | 8,060 |  |  | $ | — |  |  | $ | 8,060 |  |  |
Impairments | (26,555) |  |  | — |  |  | (26,555) |  |  | — |  |  |
Marketable equity securities: |  |  |  |  |  |  |  |  |
Net unrealized gains (losses)(1) | 3,382 |  |  | — |  |  | (5,477) |  |  | — |  |  |
Total—included in other income (expense), net | $ | (23,173) |  |  | $ | 8,060 |  |  | $ | (32,032) |  |  | $ | 8,060 |  |  |
________________ (1)The Company did not have any strategic investments in marketable equity securities during the three and six months ended July 31, 2021.

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- Definition Tabular disclosure of assets measured at fair value measured on a recurring or nonrecurring basis. Includes, but is not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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