XML 32 R19.htm IDEA: XBRL DOCUMENT
v3.21.2

Leases | 9 Months Ended
--- | ---
Oct. 31, 2021
Leases [Abstract] |
Leases | Leases We have entered into operating lease agreements for our office space, data centers, and other property and equipment. As of October 31, 2021, and January 31, 2021, operating lease right-of-use assets were $270 million and $414 million, respectively, and operating lease liabilities were $286 million and $443 million, respectively. We have also entered into finance lease agreements for other property and equipment. As of October 31, 2021, and January 31, 2021, finance leases were not material. The components of operating lease expense were as follows (in thousands):
| Three Months Ended October 31, |  | Nine Months Ended October 31,
| 2021 |  | 2020 |  | 2021 |  | 2020
Operating lease cost | $ | 22,988 |  |  | $ | 24,638 |  |  | $ | 70,004 |  |  | $ | 67,873 |
Short-term lease cost | 1,204 |  |  | 3,443 |  |  | 5,419 |  |  | 11,875 |
Variable lease cost | 8,756 |  |  | 4,563 |  |  | 18,519 |  |  | 13,899 |
Total operating lease cost | $ | 32,948 |  |  | $ | 32,644 |  |  | $ | 93,942 |  |  | $ | 93,647 |
Supplemental cash flow information related to our operating leases was as follows (in thousands):
| Three Months Ended October 31, |  | Nine Months Ended October 31,
| 2021 |  | 2020 |  | 2021 |  | 2020
Cash paid for operating lease liabilities | $ | 21,802 |  | $ | 22,765 |  | $ | 68,375 |  | $ | 64,930
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities | 15,646 |  | 113,219 |  | 54,335 |  | 183,722
Other information related to our operating leases was as follows:
| October 31, 2021 |  | January 31, 2021
Weighted average remaining lease term (in years) | 5 |  | 6
Weighted average discount rate | 2.32% |  | 1.73%
As of October 31, 2021, maturities of operating lease liabilities were as follows (in thousands):
Fiscal Period: |  |  |
Remainder of 2022 | $ | 22,610 |  |  |
2023 | 86,427 |  |  |
2024 | 73,333 |  |  |
2025 | 57,244 |  |  |
2026 | 30,790 |  |  |
Thereafter | 42,608 |  |  |
Total lease payments | 313,012 |  |  |
Less imputed interest | (26,591) |  |  |
Total operating lease liabilities | $ | 286,421 |  |  |
As of October 31, 2021, we have additional operating leases for office space that have not yet commenced with total undiscounted lease payments of $5 million. These operating leases will commence in fiscal 2022 and 2023, with lease terms ranging from one to six years. Related-Party Transactions As discussed in Note 6, Property and Equipment, Net, during fiscal 2021, we entered into an agreement with an affiliated party which gave us the option to purchase certain leased properties within our corporate headquarters. We exercised the Leased Property Purchase Option in the first quarter of fiscal 2022 at a purchase price of $173 million in cash, reduced by a $2 million fee paid for the Leased Property Purchase Option in the prior fiscal year. Subsequent to the exercise of the Leased Property Purchase Option, the Property is included in Property and equipment, net on the condensed consolidated balance sheet. As of January 31, 2021, the operating lease right-of-use assets and operating lease liabilities related to these agreements were $134 million and $146 million, respectively. We incurred no rent expense under these agreements for the three months ended October 31, 2021, as compared to $4 million for the three months ended October 31, 2020. Rent expense was $2 million and $12 million for the nine months ended October 31, 2021, and 2020, respectively.

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration