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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Cash flows from operating activities:    
Net income $ 921,971 $ 7,934
Adjustments to reconcile net income provided by operating activities:    
Depreciation and amortization 51,528 48,105
Amortization of deferred contract acquisition and fulfillment costs 111,467 98,382
Amortization of debt discount and transaction costs 277 2,495
Non-cash operating lease costs 9,862 11,731
Stock-based compensation expense 307,160 296,413
Deferred income taxes (824,561) 3,420
Other 5,323 (782)
Changes in operating assets and liabilities:    
Accounts receivable 123,571 99,803
Prepaid expenses and other current assets (17,067) (14,420)
Deferred contract acquisition and fulfillment costs (131,255) (113,356)
Other assets (15,058) (8,433)
Accounts payable (11,575) (20,294)
Accrued expenses and other liabilities (8,160) 10,164
Accrued compensation (19,902) (3,312)
Contract liabilities (16,526) 40,458
Operating lease liabilities (12,021) (13,657)
Net cash provided by operating activities 475,034 444,651
Cash flows from investing activities:    
Cash paid for acquisition, net of acquired cash (143,611) 0
Purchases of marketable securities (223,241) (174,372)
Maturities of marketable securities 175,623 164,017
Purchases of strategic and other investments (625) (120)
Purchases of property and equipment (45,033) (46,436)
Net cash used in investing activities (236,887) (56,911)
Cash flows from financing activities:    
Repurchases of common stock (349,138) (70,480)
Settlement of capped calls, net of related costs 0 23,688
Payment of tax withholding obligation on net RSU settlement and ESPP purchase (81,083) (62,681)
Proceeds from exercise of stock options 1,089 832
Proceeds from employee stock purchase plan 20,190 18,390
Net cash used in financing activities (408,942) (90,251)
Effect of foreign exchange on cash, cash equivalents and restricted cash (2,677) 2,290
Net increase (decrease) in cash, cash equivalents and restricted cash (173,472) 299,779
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] 628,027 1,022,980
Supplemental disclosure:    
Cash paid for interest 0 93
Cash paid for operating lease liabilities 15,320 19,475
Cash paid for income taxes 13,207 6,090
Non-cash investing and financing activities:    
Property and equipment in accounts payable and accrued expenses and other current liabilities 1,639 4,224
Operating lease right-of-use assets exchanged for lease obligations 4,707 0
Excise tax payable on net stock repurchase $ 1,660 $ 0
[1] $9.0 million and $4.4 million of restricted cash was included in Prepaid expenses and other current assets and Other assets—noncurrent at July 31, 2024 and January 31, 2024. $5.2 million and $1.3 million of restricted cash was included in Prepaid expenses and other current assets and in Other assets—noncurrent at July 31, 2023 and January 31, 2023.