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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Oct. 31, 2021
Oct. 31, 2020
Oct. 31, 2021
Oct. 31, 2020
Cash flows from operating activities        
Net income $ 105,869 $ 96,959 $ 330,294 $ 277,080
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 6,899 7,525 20,407 22,720
Reduction of operating lease right-of-use assets 2,855 3,322 8,556 9,411
Accretion of discount on short-term investments 1,574 1,203 4,859 1,688
Stock-based compensation 62,045 48,973 172,919 135,246
Amortization of deferred costs 6,597 5,350 19,426 15,425
Deferred income taxes (2,021) (1,894) 10,174 (3,532)
Loss (gain) on foreign currency from mark-to-market derivative (65) 19 368 14
Bad debt (recovery) expense 58 (181) 195 (60)
Changes in operating assets and liabilities:        
Accounts receivable 72,147 37,448 352,470 206,214
Unbilled accounts receivable (16,870) (16,585) (20,764) (20,418)
Deferred costs (3,353) (6,177) (11,445) (15,312)
Prepaid expenses and other current and long-term assets 4,407 8,195 3,278 (2,937)
Accounts payable 4,028 3,060 2,265 (456)
Accrued expenses and other current liabilities (537) 1,541 8,646 4,357
Income taxes payable 12,010 4,538 11,993 (453)
Deferred revenue (141,083) (90,291) (199,042) (137,980)
Operating lease liabilities (2,941) (3,229) (8,602) (8,496)
Other long-term liabilities 1,340 (4,373) 4,412 384
Net cash provided by operating activities 112,959 95,403 710,409 482,895
Cash flows from investing activities        
Purchases of short-term investments (256,008) (417,898) (935,626) (874,465)
Maturities and sales of short-term investments 248,093 158,628 657,062 528,194
Acquisitions, net of cash acquired 0 0 (2,133) 0
Long-term assets (2,314) (3,316) (10,295) (8,456)
Net cash used in investing activities (10,229) (262,586) (290,992) (354,727)
Cash flows from financing activities        
Changes in lease liabilities - finance leases 0 79 (384) (420)
Proceeds from exercise of common stock options 5,368 6,186 43,310 25,245
Taxes paid related to net share settlement of equity awards (21,414) 0 (36,510) 0
Net cash (used in) provided by financing activities (16,046) 6,265 6,416 24,825
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (1,469) (599) (4,414) 2,683
Net change in cash, cash equivalents, and restricted cash 85,215 (161,517) 421,419 155,676
Cash, cash equivalents, and restricted cash at beginning of period 1,067,916 796,990 731,712 479,797
Cash, cash equivalents, and restricted cash at end of period 1,153,131 635,473 1,153,131 635,473
Cash, cash equivalents, and restricted cash at end of period:        
Cash and cash equivalents 1,149,946 634,265 1,149,946 634,265
Restricted cash included in other long-term assets 3,185 1,208 3,185 1,208
Cash, cash equivalents, and restricted cash at end of period 1,153,131 635,473 1,153,131 635,473
Supplemental disclosures of other cash flow information:        
Cash paid for income taxes, net of refunds 14,167 2,198 34,668 17,153
Excess tax benefits from employee stock plans 10,404 17,329 45,464 59,067
Non-cash investing activities:        
Changes in accounts payable and accrued expenses related to property and equipment purchases $ (223) $ 697 $ (2,024) $ 1,471