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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2023
Oct. 31, 2022
Cash flows from operating activities:        
Net income (loss) $ 113,709 $ (74,721) $ 192,505 $ (241,052)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        
Depreciation and amortization 68,614 91,854 210,470 274,395
Share-based compensation expenses 349,257 314,196 1,070,629 933,709
Amortization of deferred costs 54,450 44,830 155,432 126,515
Non-cash lease expense 24,454 23,359 72,611 68,318
(Gains) losses on investments 9,488 (3,833) 16,764 20,746
Accretion of discounts on marketable debt securities, net (39,379) (13,121) (111,180) (15,797)
Other (10,037) 16,372 (19,696) 31,170
Changes in operating assets and liabilities, net of business combinations:        
Trade and other receivables, net 37,719 61,885 327,647 200,008
Deferred costs (79,927) (56,552) (183,231) (163,023)
Prepaid expenses and other assets 71,644 2,435 78,279 (31,447)
Accounts payable (6,525) 18,116 (62,352) 20,884
Accrued expenses and other liabilities (32,159) 47,061 (219,470) 41,253
Unearned revenue (110,533) (63,213) (375,053) (302,936)
Net cash provided by (used in) operating activities 450,775 408,668 1,153,355 962,743
Cash flows from investing activities:        
Purchases of marketable securities (1,272,864) (2,310,915) (4,746,086) (5,651,005)
Maturities of marketable securities 1,124,276 2,181,147 3,595,718 3,767,509
Sales of marketable securities 45,690 19,988 93,368 53,355
Owned real estate projects (1,424) (181) (3,112) (446)
Capital expenditures, excluding owned real estate projects (58,524) (58,665) (181,053) (286,013)
Business combinations, net of cash acquired (8,517) 0 (8,517) 0
Purchase of other intangible assets (700) (700) (10,200) (700)
Purchases of non-marketable equity and other investments 0 (3,250) (10,500) (20,173)
Sales and maturities of non-marketable equity and other investments 54 4,513 54 11,674
Net cash provided by (used in) investing activities (172,009) (168,063) (1,270,328) (2,125,799)
Cash flows from financing activities:        
Proceeds from issuance of debt, net of debt discount 0 0 0 2,978,077
Repayments and extinguishment of debt 0 (1,149,622) 0 (1,843,605)
Payments for debt issuance costs 0 0 0 (7,220)
Repurchases of common stock (144,686) 0 (283,333) 0
Proceeds from issuance of common stock from employee equity plans, net of taxes paid for shares withheld (4,803) 710 82,493 85,002
Other (69) (161) (474) (538)
Net cash provided by (used in) financing activities (149,558) (1,149,073) (201,314) 1,211,716
Effect of exchange rate changes (787) (920) (698) (1,750)
Net increase (decrease) in cash, cash equivalents, and restricted cash 128,421 (909,388) (318,985) 46,910
Cash, cash equivalents, and restricted cash at the beginning of period 1,447,834 2,497,043 1,895,240 1,540,745
Cash, cash equivalents, and restricted cash at the end of period 1,576,255 1,587,655 1,576,255 1,587,655
Supplemental cash flow data:        
Cash paid for interest 55,125 56,567 110,254 59,508
Cash paid for income taxes, net of refunds 3,214 2,093 35,007 9,863
Non-cash investing and financing activities:        
Purchases of property and equipment, accrued but not paid 18,094 68,028 18,094 68,028
Reconciliation of cash, cash equivalents, and restricted cash as shown in the Condensed Consolidated Statements of Cash Flows:        
Cash and cash equivalents 1,563,939 1,575,955 1,563,939 1,575,955
Restricted cash included in Prepaid expenses and other current assets 12,316 11,700 12,316 11,700
Total cash, cash equivalents, and restricted cash $ 1,576,255 $ 1,587,655 $ 1,576,255 $ 1,587,655