v3.23.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jul. 31, 2023
Jul. 31, 2022
Jul. 31, 2023
Jul. 31, 2022
Cash flows from operating activities:        
Net income (loss) $ 78,660 $ (64,158) $ 78,796 $ (166,331)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        
Depreciation and amortization 71,415 92,695 141,856 182,541
Share-based compensation expenses 351,912 308,007 721,372 619,513
Amortization of deferred costs 52,094 42,258 100,982 81,685
Non-cash lease expense 24,283 22,911 48,157 44,959
(Gains) losses on investments (865) 16,499 7,276 24,579
Other (43,872) 11,413 (81,460) 12,122
Changes in operating assets and liabilities:        
Trade and other receivables, net (183,387) (324,841) 289,928 138,123
Deferred costs (68,509) (64,742) (103,304) (106,471)
Prepaid expenses and other assets 25,447 (9,885) 6,635 (33,882)
Accounts payable 2,483 (4,142) (55,827) 2,768
Accrued expenses and other liabilities 36,003 25,065 (187,311) (5,808)
Unearned revenue 79,600 63,278 (264,520) (239,723)
Net cash provided by (used in) operating activities 425,264 114,358 702,580 554,075
Cash flows from investing activities:        
Purchases of marketable securities (1,585,332) (1,329,471) (3,473,222) (3,340,090)
Maturities of marketable securities 1,239,613 984,887 2,471,442 1,586,362
Sales of marketable securities 25,495 28,237 47,678 33,367
Owned real estate projects (1,366) (245) (1,688) (265)
Capital expenditures, excluding owned real estate projects (63,753) (168,598) (122,529) (227,348)
Purchase of other intangible assets 0 0 (9,500) 0
Purchases of non-marketable equity and other investments 0 (1,900) (10,500) (16,923)
Sales and maturities of non-marketable equity and other investments 0 95 0 7,161
Net cash provided by (used in) investing activities (385,343) (486,995) (1,098,319) (1,957,736)
Cash flows from financing activities:        
Proceeds from issuance of debt, net of debt discount 0 0 0 2,978,077
Repayments and extinguishment of debt 0 (30) 0 (693,983)
Payments for debt issuance costs 0 0 0 (7,220)
Repurchases of common stock (138,647) 0 (138,647) 0
Proceeds from issuance of common stock from employee equity plans, net of taxes paid for shares withheld 90,196 83,302 87,296 84,292
Other (145) (185) (405) (377)
Net cash provided by (used in) financing activities (48,596) 83,087 (51,756) 2,360,789
Effect of exchange rate changes 218 (145) 89 (830)
Net increase (decrease) in cash, cash equivalents, and restricted cash (8,457) (289,695) (447,406) 956,298
Cash, cash equivalents, and restricted cash at the beginning of period 1,456,291 2,786,738 1,895,240 1,540,745
Cash, cash equivalents, and restricted cash at the end of period 1,447,834 2,497,043 1,447,834 2,497,043
Supplemental cash flow data:        
Cash paid for interest 0 0 55,129 2,941
Cash paid for income taxes, net of refunds 21,042 3,274 31,793 7,770
Non-cash investing and financing activities:        
Purchases of property and equipment, accrued but not paid 41,342 67,447 41,342 67,447
Reconciliation of cash, cash equivalents, and restricted cash as shown in the Condensed Consolidated Statements of Cash Flows:        
Cash and cash equivalents 1,435,690 2,486,540 1,435,690 2,486,540
Restricted cash included in Prepaid expenses and other current assets 12,144 10,503 12,144 10,503
Total cash, cash equivalents, and restricted cash $ 1,447,834 $ 2,497,043 $ 1,447,834 $ 2,497,043