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Derivative Instruments (Tables) | 9 Months Ended
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Oct. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Fair Values of Outstanding Derivative Instruments | The fair values of outstanding derivative instruments were as follows (in thousands):
|  | Condensed Consolidated Balance Sheets Location |  | October 31, 2023 |  | January 31, 2023
Derivative assets: |  |  |  |  |  |
Cash flow hedges |  | Prepaid expenses and other current assets |  | $ | 52,123 |  |  | $ | 42,968 |
Cash flow hedges |  | Other assets |  | 37,725 |  |  | 21,757 |
Non-designated hedges |  | Prepaid expenses and other current assets |  | 688 |  |  | 99 |
Total derivative assets |  |  |  | $ | 90,536 |  |  | $ | 64,824 |
Derivative liabilities: |  |  |  |  |  |
Cash flow hedges |  | Accrued expenses and other current liabilities |  | $ | 16,644 |  |  | $ | 13,231 |
Cash flow hedges |  | Other liabilities |  | 3,425 |  |  | 15,496 |
Non-designated hedges |  | Accrued expenses and other current liabilities |  | 199 |  |  | 5,244 |
Non-designated hedges |  | Other liabilities |  | — |  |  | 1 |
Total derivative liabilities |  |  |  | $ | 20,268 |  |  | $ | 33,972 |
Derivative Instruments Gain (Loss) | The effect of cash flow hedges on the Condensed Consolidated Statements of Operations was as follows (in thousands):
|  | Three Months Ended October 31,
Condensed Consolidated Statements of Operations Location |  | 2023 |  | 2022
|  | Total |  | Gains (losses) related to cash flow hedges |  | Total |  | Gains (losses) related to cash flow hedges
Revenues |  | $ | 1,865,675 |  |  | $ | 15,625 |  |  | $ | 1,599,103 |  |  | $ | 5,647 |
Costs and expenses |  | 1,777,820 |  |  | 839 |  |  | 1,625,424 |  |  | (11,852) |
Provision for (benefit from) income taxes |  | 15,534 |  |  | — |  |  | 52,563 |  |  | (3,220) |
|  | Nine Months Ended October 31,
Condensed Consolidated Statements of Operations Location |  | 2023 |  | 2022
|  | Total |  | Gains (losses) related to cash flow hedges |  | Total |  | Gains (losses) related to cash flow hedges
Revenues |  | $ | 5,336,753 |  |  | $ | 49,217 |  |  | $ | 4,569,558 |  |  | $ | 5,985 |
Costs and expenses |  | 5,232,441 |  |  | 1,781 |  |  | 4,702,800 |  |  | (18,636) |
Provision for (benefit from) income taxes |  | 25,459 |  |  | — |  |  | 59,021 |  |  | (3,220) |
Pre-tax gains (losses) associated with cash flow hedges were as follows (in thousands):
| Condensed Consolidated Statements of Operations and Statements of Comprehensive Income (Loss) Locations |  | Three Months Ended October 31, |  | Nine Months Ended October 31,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Gains (losses) recognized in OCI | Net change in unrealized gains (losses) on cash flow hedges |  | $ | 67,324 |  |  | $ | 48,058 |  |  | $ | 54,617 |  |  | $ | 110,052 |
Gains (losses) reclassified from AOCI into income (effective portion) | Revenues |  | 15,625 |  |  | 5,647 |  |  | 49,217 |  |  | 5,985 |
Gains (losses) reclassified from AOCI into income (effective portion) | Costs and expenses |  | 839 |  |  | (11,852) |  |  | 1,781 |  |  | (18,636) |
Gains (losses) reclassified from AOCI into income (effective portion) | Provision for (benefit from) income taxes |  | — |  |  | (3,220) |  |  | — |  |  | (3,220) |
Gains (losses) associated with non-designated hedges were as follows (in thousands):
| Condensed Consolidated Statements of Operations Location |  | Three Months Ended October 31, |  | Nine Months Ended October 31,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Gains (losses) related to non-designated hedges | Other income (expense), net |  | $ | 6,425 |  |  | $ | 7,187 |  |  | $ | 7,857 |  |  | $ | 13,288 |
Offsetting Assets | As of October 31, 2023, information related to these offsetting arrangements was as follows (in thousands):
|  | Gross Amounts of Recognized Assets |  | Gross Amounts Offset on the Condensed Consolidated Balance Sheets |  | Net Amounts of Assets Presented on the Condensed Consolidated Balance Sheets |  | Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets |  | Net Assets Exposed
|  |  |  |  | Financial Instruments |  | Cash Collateral Received |
Derivative assets: |  |  |  |  |  |  |  |  |  |  |  |
Counterparty A |  | $ | 25,461 |  |  | $ | — |  |  | $ | 25,461 |  |  | $ | (1,856) |  |  | $ | — |  |  | $ | 23,605 |
Counterparty B |  | 20,486 |  |  | — |  |  | 20,486 |  |  | (9,009) |  |  | — |  |  | 11,477 |
Counterparty C |  | 2,015 |  |  | — |  |  | 2,015 |  |  | (228) |  |  | — |  |  | 1,787 |
Counterparty D |  | 37,367 |  |  | — |  |  | 37,367 |  |  | (8,323) |  |  | — |  |  | 29,044 |
Counterparty E |  | 5,207 |  |  | — |  |  | 5,207 |  |  | (852) |  |  | — |  |  | 4,355 |
Total |  | $ | 90,536 |  |  | $ | — |  |  | $ | 90,536 |  |  | $ | (20,268) |  |  | $ | — |  |  | $ | 70,268 |
Offsetting Liabilities |
|  | Gross Amounts of Recognized Liabilities |  | Gross Amounts Offset on the Condensed Consolidated Balance Sheets |  | Net Amounts of Liabilities Presented on the Condensed Consolidated Balance Sheets |  | Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets |  | Net Liabilities Exposed
|  |  |  |  | Financial Instruments |  | Cash Collateral Pledged |
Derivative liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Counterparty A |  | $ | 1,856 |  |  | $ | — |  |  | $ | 1,856 |  |  | $ | (1,856) |  |  | $ | — |  |  | $ | — |
Counterparty B |  | 9,009 |  |  | — |  |  | 9,009 |  |  | (9,009) |  |  | — |  |  | — |
Counterparty C |  | 228 |  |  | — |  |  | 228 |  |  | (228) |  |  | — |  |  | — |
Counterparty D |  | 8,323 |  |  | — |  |  | 8,323 |  |  | (8,323) |  |  | — |  |  | — |
Counterparty E |  | 852 |  |  | — |  |  | 852 |  |  | (852) |  |  | — |  |  | — |
Total |  | $ | 20,268 |  |  | $ | — |  |  | $ | 20,268 |  |  | $ | (20,268) |  |  | $ | — |  |  | $ | — |

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