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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 $ 244,621 $ 129,032 $ 26,783
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 22,103 51,241 65,988
Stock-based compensation expense 219,003 198,783 185,632
Amortization of deferred commissions 52,561 54,227 53,522
Deferred income taxes (171,225) (75,292) 1,647
Induced conversion expense 10,139 0 0
Other (2,101) 2,478 2,312
Changes in operating assets and liabilities      
Accounts receivable, net (14,478) (21,876) (8,931)
Deferred commissions (52,333) (44,482) (54,987)
Operating lease right-of-use assets, net 23,279 35,174 40,155
Other assets (5,386) 7,256 (5,710)
Accounts payable, accrued expenses and other liabilities 6,391 (1,179) (1,899)
Operating lease liabilities (28,062) (49,349) (44,555)
Deferred revenue 27,745 32,714 38,025
Net cash provided by operating activities 332,257 318,727 297,982
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of short-term investments (121,338) (169,416) (102,088)
Maturities of short-term investments 119,896 107,950 240,000
Sales of short-term investments 3,567 0 0
Purchases of property and equipment (2,573) (4,703) (5,034)
Proceeds from sales of property and equipment 8,395 2,860 601
Capitalized internal-use software costs (27,633) (16,561) (12,064)
Other (3,525) (2,922) (815)
Net cash (used in) provided by investing activities (23,211) (82,792) 120,600
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of convertible notes, net of issuance costs 447,795 0 0
Partial repurchase of convertible notes (191,713) 0 0
Purchase of capped calls related to convertible notes (52,486) 0 0
Settlement of capped calls related to convertible notes 30,313 0 0
Principal payments on borrowings (30,000) 0 0
Repurchases of common stock (211,060) (177,131) (274,172)
Payments of dividends to preferred stockholders (15,000) (14,943) (15,057)
Proceeds from exercise of stock options 19,050 1,343 7,729
Proceeds from issuances of common stock under employee stock purchase plan 25,910 26,860 24,458
Employee payroll taxes paid for net settlement of stock awards (79,256) (74,651) (93,910)
Principal payments of finance lease liabilities (2,141) (30,176) (40,353)
Other (3,774) (4,198) (5,190)
Net cash used in financing activities (62,362) (272,896) (396,495)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (4,831) (7,822) (9,935)
Net increase (decrease) in cash, cash equivalents, and restricted cash 241,853 (44,783) 12,152
Cash, cash equivalents, and restricted cash, beginning of period [1] 384,257 429,040 416,888
Cash, cash equivalents, and restricted cash, end of period [1] 626,110 384,257 429,040
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Cash paid for income taxes, net of tax refunds $ 13,648 $ 8,450 $ 7,044
[1] Restricted cash is included in other current assets in the consolidated balance sheets for the periods presented.