XML 25 R8.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2023
Jan. 31, 2022
Jan. 31, 2021
Cash flows from operating activities      
Net income $ 487,706 $ 427,390 $ 379,998
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 29,122 27,448 29,455
Reduction of operating lease right-of-use assets 12,198 11,445 10,347
(Accretion) amortization of discount on short-term investments (3,624) 6,264 3,134
Stock-based compensation 351,907 234,636 185,001
Amortization of deferred costs 22,096 26,050 20,677
Deferred income taxes (127,502) 11,079 (1,048)
Loss (gain) on foreign currency from mark-to-market derivative 971 (782) (365)
Bad debt expense (recovery) 256 272 (307)
Changes in operating assets and liabilities:      
Accounts receivable (72,177) (67,020) (174,067)
Unbilled accounts receivable (18,908) (16,060) (14,387)
Deferred costs (20,815) (17,084) (27,164)
Prepaid expenses and other current and long-term assets (47,399) (2,910) (12,424)
Accounts payable 21,429 (2,997) 754
Accrued expenses and other current liabilities 9,276 9,439 13,889
Income taxes payable (2,815) 5,275 (3,023)
Deferred revenue 140,472 116,144 147,479
Operating lease liabilities (10,644) (11,607) (9,129)
Other long-term liabilities 8,921 7,481 2,426
Net cash provided by operating activities 780,470 764,463 551,246
Cash flows from investing activities      
Purchases of short-term investments (1,996,878) (1,117,076) (979,292)
Maturities and sales of short-term investments 1,002,707 792,918 654,341
Acquisitions, net of cash and restricted cash acquired 0 (7,780) 0
Long-term assets (13,512) (14,214) (8,683)
Net cash used in investing activities (1,007,683) (346,152) (333,634)
Cash flows from financing activities      
Changes in lease liabilities - finance leases 0 (384) (1,039)
Proceeds from exercise of common stock options 43,654 51,538 34,857
Taxes paid related to net share settlement of equity awards (63,030) (55,294) 0
Net cash (used in) provided by financing activities (19,376) (4,140) 33,818
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (4,986) (4,657) 484
Net change in cash, cash equivalents, and restricted cash (251,575) 409,514 251,914
Cash, cash equivalents, and restricted cash at beginning of period 1,141,225 731,711 479,797
Cash, cash equivalents, and restricted cash at end of period 889,650 1,141,225 731,711
Cash, cash equivalents, and restricted cash at end of period:      
Cash and cash equivalents 886,465 1,138,040 730,504
Restricted cash included in other long-term assets 3,185 3,185 1,207
Cash, cash equivalents, and restricted cash at end of period 889,650 1,141,225 731,711
Supplemental disclosures of other cash flow information:      
Cash paid for income taxes, net of refunds 167,952 58,627 18,096
Excess tax benefits from employee stock plans 82,009 56,172 80,661
Non-cash investing activities:      
Changes in accounts payable and accrued expenses related to property and equipment purchases $ (454) $ (2,489) $ 3,165