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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 31, 2022
Jul. 31, 2021
Jul. 31, 2022
Jul. 31, 2021
Cash flows from operating activities        
Net income $ 90,601 $ 108,858 $ 190,716 $ 224,425
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 7,228 6,880 14,286 13,508
Reduction of operating lease right-of-use assets 3,020 2,874 5,968 5,701
(Accretion) amortization of discount on short-term investments (507) 1,743 549 3,285
Stock-based compensation 96,042 62,385 163,176 110,874
Amortization of deferred costs 5,736 6,474 11,729 12,829
Deferred income taxes (20,881) 6,953 (53,313) 12,195
Loss on foreign currency from mark-to-market derivative 1,768 2 1,186 433
Bad debt (recovery) expense 146 (22) 121 137
Changes in operating assets and liabilities:        
Accounts receivable 16,312 (21,409) 317,794 280,323
Unbilled accounts receivable (15,807) 267 (14,512) (3,894)
Deferred costs (3,421) (3,802) (6,500) (8,092)
Prepaid expenses and other current and long-term assets (3,513) (3,866) (11,076) (1,129)
Accounts payable 5,540 5,031 10,661 (1,763)
Accrued expenses and other current liabilities (475) 2,216 (2,811) 9,183
Income taxes payable (45,841) (3,726) (2,618) (17)
Deferred revenue (39,998) (49,783) (47,469) (57,959)
Operating lease liabilities (3,081) (2,913) (5,112) (5,661)
Other long-term liabilities 517 903 1,638 3,072
Net cash provided by operating activities 93,386 119,065 574,413 597,450
Cash flows from investing activities        
Purchases of short-term investments (433,073) (422,680) (1,005,417) (679,618)
Maturities and sales of short-term investments 250,531 187,324 446,721 408,969
Acquisitions, net of cash acquired 0 (2,133) 0 (2,133)
Long-term assets (1,663) (5,325) (3,996) (7,981)
Net cash used in investing activities (184,205) (242,814) (562,692) (280,763)
Cash flows from financing activities        
Changes in lease liabilities - finance leases 0 (98) 0 (384)
Proceeds from exercise of common stock options 9,250 20,851 25,541 37,942
Taxes paid related to net share settlement of equity awards (17,134) (15,096) (32,133) (15,096)
Net cash (used in) provided by financing activities (7,884) 5,657 (6,592) 22,462
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (1,049) (180) (2,923) (2,945)
Net change in cash, cash equivalents, and restricted cash (99,752) (118,272) 2,206 336,204
Cash, cash equivalents, and restricted cash at beginning of period 1,243,183 1,186,188 1,141,225 731,712
Cash, cash equivalents, and restricted cash at end of period 1,143,431 1,067,916 1,143,431 1,067,916
Cash, cash equivalents, and restricted cash at end of period:        
Cash and cash equivalents 1,140,246 1,064,731 1,140,246 1,064,731
Restricted cash included in other long-term assets 3,185 3,185 3,185 3,185
Cash, cash equivalents, and restricted cash at end of period 1,143,431 1,067,916 1,143,431 1,067,916
Supplemental disclosures of other cash flow information:        
Cash paid for income taxes, net of refunds 89,583 15,368 107,772 20,501
Excess tax benefits from employee stock plans 2,094 17,609 5,093 35,060
Non-cash investing activities:        
Changes in accounts payable and accrued expenses related to property and equipment purchases $ (3) $ 104 $ (441) $ (2,826)