XML 53 R18.htm IDEA: XBRL DOCUMENT
v3.24.1.1.u2

Stockholders' Equity | 3 Months Ended
--- | ---
Apr. 30, 2024
Share-Based Payment Arrangement [Abstract] |
Stockholders' Equity | Stockholders’ Equity Common Stock As of April 30, 2024, we had 161,624,611 shares of common stock outstanding. Stock Option Activity A summary of stock option activity for the three months ended April 30, 2024 is as follows:
| Number of shares |  | Weighted average exercise price |  | Weighted average remaining contractual term (in years) |  | Aggregate intrinsic value (in millions)
Options outstanding at January 31, 2024 | 11,147,810 |  |  | $ | 157.20 |  |  | 6.7 |  | $ | 626 |
Options granted | 1,914,837 |  |  | 214.82 |  |  |  |  |
Options exercised | (178,777) |  |  | 159.05 |  |  |  |  |
Options forfeited/cancelled | (132,323) |  |  | 208.61 |  |  |  |  |
Options outstanding at April 30, 2024 | 12,751,547 |  |  | $ | 165.33 |  |  | 6.9 |  | $ | 551 |
Options vested and exercisable at April 30, 2024 | 6,180,088 |  |  | $ | 136.47 |  |  | 5.4 |  | $ | 441 |
Options vested and exercisable at April 30, 2024 and expected to vest thereafter | 12,751,547 |  |  | $ | 165.33 |  |  | 6.9 |  | $ | 551 |
The options granted during the three months ended April 30, 2024 were predominantly made in connection with our annual performance review cycle. The weighted average grant-date fair value of options granted was $101.26 per option for the three months ended April 30, 2024. As of April 30, 2024, there was $485 million in unrecognized compensation cost related to unvested stock options granted under the 2012 Equity Incentive Plan and 2013 Equity Incentive Plan. This cost is expected to be recognized over a weighted average period of 2.6 years. As of April 30, 2024, we had authorized and unissued shares of common stock sufficient to satisfy exercises of stock options. The total intrinsic value of options exercised was approximately $12 million for the three months ended April 30, 2024. Stock Option Valuation Assumptions The following table presents the weighted-average assumptions used to estimate the grant date fair value of options granted during the periods presented:
|  | Three months ended April 30, |  |
|  | 2024 |  | 2023 |  |  |  |
Volatility |  | 40% | - | 41% |  | 39% | - | 40% |  |  |  |  |  |  |  |
Expected term (in years) |  | 6.25 | - | 7.00 |  | 6.25 | - | 7.00 |  |  |  |  |  |  |  |
Risk-free interest rate |  | 4.12% | - | 4.65% |  | 3.34% | - | 3.99% |  |  |  |  |  |  |  |
Dividend yield |  | —% |  | —% |  |  |  |
Restricted Stock Units A summary of restricted stock unit (RSU) activity for the three months ended April 30, 2024 is as follows:
| Unreleased restricted stock units |  | Weighted average grant date fair value
Balance at January 31, 2024 | 1,011,731 |  |  | $ | 192.77 |
RSUs granted | 882,706 |  |  | 214.83 |
RSUs vested | (295,043) |  |  | 179.19 |
RSUs forfeited/cancelled | (15,610) |  |  | 202.48 |
Balance at April 30, 2024 | 1,583,784 |  |  | 207.50 |
As of April 30, 2024, there was a total of $252 million in unrecognized compensation cost related to unvested RSUs. This cost is expected to be recognized over a weighted-average period of approximately 1.4 years. The total grant date fair value of RSUs vested was $67 million for the three months ended April 30, 2024.

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

X
- Definition The entire disclosure for shareholders' equity and share-based payment arrangement. Includes, but is not limited to, disclosure of policy and terms of share-based payment arrangement, deferred compensation arrangement, and employee stock purchase plan (ESPP). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//505/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//718/tableOfContent + Details
Name: | us-gaap_ShareholdersEquityAndShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration