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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Cash flows from operating activities      
Net income $ 525,705 $ 487,706 $ 427,390
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 32,628 29,122 27,448
Reduction of operating lease right-of-use assets 11,691 12,198 11,445
(Accretion) amortization of discount on short-term investments (26,515) (3,624) 6,264
Stock-based compensation 393,733 351,907 234,636
Amortization of deferred costs 18,177 22,096 26,050
Deferred income taxes (105,374) (127,502) 11,079
(Gain) loss on foreign currency from mark-to-market derivatives (222) 971 (782)
Bad debt expense 693 256 272
Changes in operating assets and liabilities:      
Accounts receivable (149,810) (72,177) (67,020)
Unbilled accounts receivable 45,809 (18,908) (16,060)
Deferred costs (10,268) (20,815) (17,084)
Prepaid expenses and other current and long-term assets 414 (47,399) (2,910)
Accounts payable (10,230) 21,429 (2,997)
Accrued expenses and other current liabilities (4,249) 9,276 9,439
Income taxes payable 6,916 (2,815) 5,275
Deferred revenue 188,164 140,472 116,144
Operating lease liabilities (6,879) (10,644) (11,607)
Other long-term liabilities 956 8,921 7,481
Net cash provided by operating activities 911,339 780,470 764,463
Cash flows from investing activities      
Purchases of short-term investments (2,697,968) (1,996,878) (1,117,076)
Maturities and sales of short-term investments 1,647,813 1,002,707 792,918
Acquisitions, net of cash and restricted cash acquired 0 0 (7,780)
Long-term assets (26,196) (13,512) (14,214)
Net cash used in investing activities (1,076,351) (1,007,683) (346,152)
Cash flows from financing activities      
Changes in lease liabilities - finance leases 0 0 (384)
Proceeds from exercise of common stock options 62,687 43,654 51,538
Taxes paid related to net share settlement of equity awards (78,875) (63,030) (55,294)
Net cash used in financing activities (16,188) (19,376) (4,140)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (1,780) (4,986) (4,657)
Net change in cash, cash equivalents, and restricted cash (182,980) (251,575) 409,514
Cash, cash equivalents, and restricted cash at beginning of period 889,650 1,141,225 731,711
Cash, cash equivalents, and restricted cash at end of period 706,670 889,650 1,141,225
Cash, cash equivalents, and restricted cash at end of period:      
Cash and cash equivalents 703,487 886,465 1,138,040
Restricted cash included in other long-term assets 3,183 3,185 3,185
Total cash, cash equivalents, and restricted cash at end of period 706,670 889,650 1,141,225
Supplemental disclosures of other cash flow information:      
Cash paid for income taxes, net of refunds 134,473 167,952 58,627
Excess tax benefits from employee stock plans 71,049 82,009 56,172
Non-cash investing activities:      
Changes in accounts payable and accrued expenses related to property and equipment purchases $ 46 $ (454) $ (2,489)