XML 45 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Oct. 31, 2014
Oct. 31, 2013
Oct. 31, 2014
Oct. 31, 2013
Cash flows from operating activities        
Net income $ 10,258 $ 6,525 $ 27,057 $ 17,368
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 1,022 774 2,943 1,552
Amortization of premiums on short-term investments 611 98 1,344 276
Stock-based compensation 3,585 2,086 10,241 4,036
Deferred income taxes (76) (86) (76) (259)
Bad debt expense (28) (303) 41 (21)
Changes in operating assets and liabilities:        
Accounts receivable 16,684 (9,417) 13,151 (9,852)
Income taxes 769 (1,750) (2,189) (5,733)
Other current and long-term assets (2,294) (1,224) (3,644) (2,117)
Accounts payable 354 1,157 56 (946)
Accrued expenses and other current liabilities 4,017 1,720 2,791 5,859
Deferred revenue (635) 5,254 17,288 14,607
Long-term liabilities (11) 433 (9) 758
Net cash provided by operating activities 34,256 5,267 68,994 25,528
Cash flows from investing activities        
Purchases of short-term investments (103,836) (4,315) (333,728) (7,086)
Maturities and sales of investments 52,677 2,250 97,307 4,850
Purchases of property and equipment (790) (460) (26,072) (1,561)
Acquisitions, net of cash acquired       (12,149)
Payments for capitalized internal-use software (81) (720) (301) (1,013)
Proceeds from note receivable–related party       253
Payments for restricted cash and deposits 8 (5) 9 (2)
Net cash used in investing activities (52,022) (3,250) (262,785) (16,708)
Cash flows from financing activities        
Proceeds from early exercise of common stock options   158   225
Proceeds from exercise of common stock options 2,102 95 4,314 472
Proceeds from Employee Stock Purchase Plan     5,951  
Net proceeds from offerings   216,263 34,495 215,734
Excess tax benefits from employee stock plans 7,698   18,731  
Net cash provided by financing activities 9,800 216,516 63,491 216,431
Effect of exchange rate changes on cash and cash equivalents (15)   (72)  
Net change in cash and cash equivalents (7,981) 218,533 (130,372) 225,251
Cash and cash equivalents at beginning of period 140,116 38,608 262,507 31,890
Cash and cash equivalents at end of period 132,135 257,141 132,135 257,141
Supplemental disclosures of other cash flow information:        
Cash paid for income taxes 477 4,998 5,101 14,984
Non-cash investing and financing activities:        
Changes in accounts payable and accrued liabilities related to property and equipment purchases 191 (46) 170 (20)
Vesting of early exercised stock options 87 212 318 460
Offering costs not yet paid   $ 805   $ 1,473