XML 22 R7.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Cash flows from operating activities:      
Net income (loss) $ 1,067,885 $ 73,980 $ (97,454)
Adjustments to reconcile net income (loss) to net cash provided by operating activities      
Depreciation and amortization 107,804 95,062 86,255
Amortization of deferred contract acquisition and fulfillment costs 237,217 200,163 185,045
Amortization of debt discount and transaction costs 554 4,749 4,970
Non-cash operating lease costs 19,065 21,310 27,501
Stock-based compensation expense 610,335 616,847 538,726
Deferred income taxes (839,989) 6,292 1,697
Other 6,111 (1,904) 15,723
Changes in operating assets and liabilities      
Accounts receivable 2,075 71,681 (75,964)
Prepaid expenses and other current assets (17,634) (657) (5,038)
Deferred contract acquisition and fulfillment costs (302,166) (255,159) (232,315)
Other assets (22,002) (15,432) (22,319)
Accounts payable 7,638 (4,826) (26,440)
Accrued expenses and other liabilities 2,935 6,473 7,340
Accrued compensation 29,236 33,979 (1,781)
Contract liabilities 129,854 152,247 143,177
Operating lease liabilities (21,646) (25,279) (42,364)
Net cash provided by operating activities 1,017,272 979,526 506,759
Cash flows from investing activities:      
Cash paid for acquisition, net of acquired cash (143,611) 0 0
Purchases of marketable securities (411,236) (336,221) (533,710)
Maturities of marketable securities 340,334 473,869 423,917
Purchases of strategic and other investments (1,375) (645) (3,750)
Purchases of property and equipment (96,988) (92,391) (77,654)
Net cash provided by (used in) investing activities (312,876) 44,612 (191,197)
Cash flows from financing activities:      
Repayments of convertible senior notes 0 (726,979) (16)
Repurchases of common stock (683,528) (145,515) (63,041)
Settlement of capped calls, net of related costs 0 23,688 0
Payment of tax withholding obligation on net RSU settlement and ESPP purchase (213,282) (144,218) (84,403)
Proceeds from exercise of stock options 22,705 13,991 12,678
Proceeds from employee stock purchase plan 35,314 32,994 36,526
Net cash used in financing activities (838,791) (946,039) (98,256)
Effect of foreign exchange on cash, cash equivalents and restricted cash (7,550) 199 (3,784)
Net increase (decrease) in cash, cash equivalents and restricted cash (141,945) 78,298 213,522
Cash, cash equivalents and restricted cash at beginning of period 801,499 723,201 509,679
Cash, cash equivalents and restricted cash at end of period 659,554 801,499 723,201
Supplemental disclosure:      
Cash paid for interest 0 185 185
Cash paid for operating lease liabilities 26,500 34,845 38,873
Cash paid for income taxes 24,324 10,460 10,416
Non-cash investing and financing activities:      
Property and equipment in accounts payable and accrued expenses and other current liabilities 5,687 2,879 4,757
Operating lease right-of-use assets exchanged for lease obligations 5,586 3,149 63,086
Excise tax payable on net stock repurchase 1,461 0 0
Fair value of shares issued as part of the repayments of convertible senior notes $ 0 $ 0 $ 2