XML 43 R6.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 31, 2015
Jul. 31, 2014
Jul. 31, 2015
Jul. 31, 2014
Cash flows from operating activities        
Net income $ 13,406 $ 9,578 $ 26,388 $ 16,799
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 1,344 991 2,368 1,921
Amortization of premiums on short-term investments 750 421 1,513 733
Stock-based compensation 5,611 3,400 10,410 6,656
Bad debt expense 245 41 238 69
Changes in operating assets and liabilities:        
Accounts receivable 1,995 (721) 25,531 (3,533)
Income taxes (3,019) (280) (157) (2,958)
Prepaid expenses and other current and long-term assets (5,560) 511 (5,527) (1,350)
Accounts payable 560 (1,210) (200) (298)
Accrued expenses and other current liabilities 1,673 (6,544) 337 (1,226)
Deferred revenue (1,651) 10,431 (3,848) 17,923
Other long-term liabilities (172) (10) (80) 2
Net cash provided by operating activities 15,182 16,608 56,973 34,738
Cash flows from investing activities        
Purchases of short-term investments (67,078) (94,776) (167,915) (229,892)
Maturities and sales of short-term investments 69,008 40,763 116,752 44,630
Purchases of property and equipment (9,782) (24,983) (14,492) (25,282)
Acquisitions, net of cash acquired (7)   (9,994)  
Purchases of intangible assets (568)   (568)  
Capitalized internal-use software development costs (172)   (194) (220)
Changes in restricted cash and deposits 2 4 3 1
Net cash used in investing activities (8,597) (78,992) (76,408) (210,763)
Cash flows from financing activities        
Proceeds from early exercise of common stock options 2   10  
Proceeds from exercise of common stock options 1,608 1,527 2,770 2,212
Net proceeds from offerings   (499)   34,495
Proceeds from Employee Stock Purchase Plan   5,951   5,951
Restricted stock units acquired to settle employee tax withholding liability (2)   (6)  
Excess tax benefits from employee stock plans 3,982 6,654 7,151 11,033
Net cash provided by financing activities 5,590 13,633 9,925 53,691
Effect of exchange rate changes on cash and cash equivalents 40 (21) 33 (57)
Net change in cash and cash equivalents 12,215 (48,772) (9,477) (122,391)
Cash and cash equivalents at beginning of period 107,561 188,888 129,253 262,507
Cash and cash equivalents at end of period 119,776 140,116 119,776 140,116
Supplemental disclosures of other cash flow information:        
Cash paid for income taxes, net of refunds 13,350 706 15,992 4,624
Non-cash investing and financing activities:        
Changes in accounts payable and accrued liabilities related to property and equipment purchases 133 (90) 2,615 (21)
Vesting of early exercised stock options 18 112 35 $ 231
Offering costs not yet paid   $ (515)    
Acquisition escrow settlement, not yet received $ 300   $ 300