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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Apr. 30, 2024
Apr. 30, 2023
Cash flows from operating activities:    
Net income $ 33,760 $ 539
Adjustments to reconcile net income provided by operating activities:    
Depreciation and amortization 24,506 22,867
Amortization of deferred contract acquisition and fulfillment costs 54,212 48,230
Amortization of debt discount and transaction costs 138 1,246
Non-cash operating lease costs 4,878 5,980
Stock-based compensation expense 142,504 144,706
Deferred income taxes 1,477 1,623
Other 1,472 (831)
Changes in operating assets and liabilities:    
Accounts receivable 130,639 108,281
Prepaid expenses and other current assets (17,061) (16,803)
Deferred contract acquisition and fulfillment costs (63,072) (56,526)
Other assets 1,917 (7,661)
Accounts payable (1,163) (9,021)
Accrued expenses and other liabilities (3,480) 1,095
Accrued compensation (45,048) (21,582)
Contract liabilities (4,973) 18,287
Operating lease liabilities (5,880) (6,795)
Net cash provided by operating activities 254,826 233,635
Cash flows from investing activities:    
Purchases of marketable securities (119,638) (53,830)
Maturities of marketable securities 82,114 80,699
Purchases of strategic and other investments (500) 0
Purchases of property and equipment (22,753) (19,057)
Net cash provided by (used in) investing activities (60,777) 7,812
Cash flows from financing activities:    
Repurchases of common stock (149,062) (40,472)
Settlement of capped calls, net of related costs 0 23,688
Payment of tax withholding obligation on net RSU settlement and ESPP purchase (41,637) (22,637)
Proceeds from exercise of stock options 635 127
Proceeds from employee stock purchase plan 20,190 18,390
Net cash used in financing activities (169,874) (20,904)
Effect of foreign exchange on cash, cash equivalents and restricted cash (2,915) 1,011
Net increase in cash, cash equivalents and restricted cash 21,260 221,554
Cash, cash equivalents and restricted cash at beginning of period [1] 801,499 723,201
Cash, cash equivalents and restricted cash at end of period [1] 822,759 944,755
Supplemental disclosure:    
Cash paid for interest 0 93
Cash paid for operating lease liabilities 7,689 10,861
Cash paid for income taxes 3,875 765
Non-cash investing and financing activities:    
Property and equipment in accounts payable and accrued expenses and other current liabilities 2,416 2,727
Operating lease right-of-use assets exchanged for lease obligations $ 1,837 $ 0
[1] $5.4 million and $4.4 million of restricted cash was included in Prepaid expenses and other current assets and Other assets—noncurrent at April 30, 2024 and January 31, 2024. $4.3 million and $1.3 million of restricted cash was included in Prepaid expenses and other current assets and in Other assets—noncurrent at April 30, 2023 and January 31, 2023.