XML 25 R3.htm IDEA: XBRL DOCUMENT v3.24.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jan. 31, 2024
Jan. 31, 2023
Current Assets:    
Cash and cash equivalents $ 241,400 $ 282,099
Short-term investments 686 697
Accounts receivable, net of allowance for credit losses of $1.2 million and $1.3 million, respectively 190,461 188,414
Contract assets, net 66,913 60,444
Inventories 14,209 12,628
Prepaid expenses and other current assets 59,505 75,374
Total current assets 573,174 619,656
Property and equipment, net 47,704 64,810
Operating lease right-of-use assets 30,118 37,649
Goodwill 1,352,715 1,347,213
Intangible assets, net 57,466 85,272
Long-term deferred income taxes 25,697 10,719
Other assets 139,550 148,282
Total assets 2,226,424 2,313,601
Current Liabilities:    
Accounts payable 26,301 43,631
Accrued expenses and other current liabilities 137,433 155,944
Contract liabilities 254,437 271,476
Total current liabilities 418,171 471,051
Long-term debt 410,965 408,908
Long-term contract liabilities 10,581 18,047
Operating lease liabilities 32,100 40,744
Long-term deferred income taxes 9,555 11,749
Other liabilities 76,065 68,632
Total liabilities 957,437 1,019,131
Commitments and Contingencies
Temporary Equity:    
Total temporary equity 436,321 436,321
Stockholders' Equity:    
Common stock — $0.001 par value; authorized 240,000,000 shares; issued 62,738,000 and 65,404,000; outstanding 62,738,000 and 65,404,000 shares at January 31, 2024 and 2023, respectively. 63 65
Additional paid-in capital 979,671 1,055,157
Accumulated deficit (6,723) (45,333)
Accumulated other comprehensive loss (142,962) (154,099)
Total Verint Systems Inc. stockholders' equity 830,049 855,790
Noncontrolling interests 2,617 2,359
Total stockholders' equity 832,666 858,149
Total liabilities, temporary equity, and stockholders' equity 2,226,424 2,313,601
Series A Preferred Stock    
Temporary Equity:    
Total temporary equity 200,628 200,628
Series B Preferred Stock    
Temporary Equity:    
Total temporary equity $ 235,693 $ 235,693