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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Cash flows from operating activities:    
Net income (loss) $ 46,739 $ (102,317)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 71,429 63,976
Amortization of deferred contract acquisition and fulfillment costs 147,781 134,381
Amortization of debt discount and transaction costs 3,722 3,725
Non-cash operating lease costs 16,499 20,468
Stock-based compensation expense 455,831 392,765
Deferred income taxes 7,265 3,045
Other (1,353) 13,540
Changes in operating assets and liabilities:    
Accounts receivable 152,902 18,338
Prepaid expenses and other current assets (7,957) (7,593)
Deferred contract acquisition and fulfillment costs (176,510) (161,620)
Other assets (14,019) (15,707)
Accounts payable (9,089) (1,739)
Accrued expenses and other liabilities 2,372 873
Accrued compensation (4,368) (15,827)
Contract liabilities 36,876 56,824
Operating lease liabilities (19,292) (33,430)
Net cash provided by operating activities 708,828 369,702
Cash flows from investing activities:    
Purchases of marketable securities (203,346) (402,249)
Maturities of marketable securities 251,517 311,769
Purchases of strategic and other investments (520) (3,625)
Purchases of property and equipment (70,277) (53,590)
Net cash used in investing activities (22,626) (147,695)
Cash flows from financing activities:    
Repayments of convertible senior notes (37,083) (16)
Repurchases of common stock (145,515) (63,041)
Settlement of capped calls, net of related costs 23,688 0
Payment of tax withholding obligation on net RSU settlement and ESPP purchase (98,296) (67,120)
Proceeds from exercise of stock options 13,207 11,009
Proceeds from employee stock purchase plan 32,994 36,526
Net cash used in financing activities (211,005) (82,642)
Effect of foreign exchange on cash, cash equivalents and restricted cash (4,897) (14,652)
Net increase in cash, cash equivalents and restricted cash 470,300 124,713
Cash, cash equivalents and restricted cash at beginning of period [1] 723,201 509,679
Cash, cash equivalents and restricted cash at end of period [1] 1,193,501 634,392
Supplemental disclosure:    
Cash paid for interest 185 185
Cash paid for operating lease liabilities 27,115 28,063
Cash paid for income taxes 8,747 5,630
Non-cash investing and financing activities:    
Property and equipment in accounts payable and accrued expenses and other current liabilities 1,318 726
Operating lease right-of-use assets exchanged for lease obligations 1,573 930
Fair value of shares issued as part of the repayments of convertible senior notes $ 0 $ 2
[1] $4.9 million and $1.3 million of restricted cash was included in Prepaid expenses and other current assets and Other assets—noncurrent at October 31, 2023 and January 31, 2023. $1.8 million of restricted cash was included in Other assets—noncurrent at October 31, 2022. $0.6 million of restricted cash was included in Prepaid expenses and other current assets and in Other assets—noncurrent at January 31, 2022.