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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Oct. 31, 2019
Oct. 31, 2018
Oct. 31, 2019
Oct. 31, 2018
Cash flows from operating activities        
Net income $ 82,245 $ 64,085 $ 234,936 $ 158,681
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 5,643 3,383 16,642 10,477
Accretion of discount on short-term investments (722) (848) (2,996) (1,380)
Stock-based compensation 29,321 19,918 78,447 56,647
Amortization of deferred costs 4,832 4,595 14,524 13,697
Deferred income taxes 432 1,824 1,771 2,642
Gain on foreign currency from mark-to-market derivative (74) (19) (112) (182)
Bad debt expense (recovery) 270 84 (42) 262
Changes in operating assets and liabilities:        
Accounts receivable 28,319 21,658 186,633 134,353
Unbilled accounts receivable (9,515) (5,212) (12,777) (6,641)
Deferred costs (4,500) (4,504) (13,528) (11,426)
Income taxes payable 3,909 1,029 4,858 525
Prepaid expenses and other current and long-term assets 5,610 (6,018) 1,513 (9,527)
Accounts payable 1,253 2,982 1,216 3,520
Accrued expenses and other current liabilities (1,682) 406 231 (3,698)
Deferred revenue (78,326) (62,860) (105,637) (70,616)
Lease liabilities (1,625)   (5,143)  
Other long-term liabilities (3,886) 1,053 (2,270) 1,620
Net cash provided by operating activities 61,504 41,556 398,266 278,954
Cash flows from investing activities        
Purchases of short-term investments (190,695) (214,839) (628,784) (589,070)
Maturities and sales of short-term investments 194,661 130,137 571,398 447,947
Purchases of property and equipment (881) (4,163) (3,167) (5,558)
Capitalized internal-use software development costs (356) (495) (1,061) (1,009)
Net cash provided by (used in) investing activities 2,729 (89,360) (61,614) (147,690)
Cash flows from financing activities        
Reduction of lease liabilities - finance leases (241)   (729)  
Proceeds from exercise of common stock options 1,607 4,867 8,618 19,728
Net cash provided by financing activities 1,366 4,867 7,889 19,728
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (487) (1,154) (2,931) (3,530)
Net change in cash, cash equivalents, and restricted cash 65,112 (44,091) 341,610 147,462
Cash, cash equivalents, and restricted cash at beginning of period 828,676 512,940 552,178 321,387
Cash, cash equivalents, and restricted cash at end of period 893,788 468,849 893,788 468,849
Cash, cash equivalents, and restricted cash at end of period:        
Cash, cash equivalents, and restricted cash at end of period 828,676 512,940 552,178 321,387
Supplemental disclosures of other cash flow information:        
Cash paid for income taxes, net of refunds 1,739 6,697 5,004 17,268
Excess tax benefits from employee stock plans 8,931 12,006 39,509 31,032
Non-cash investing and financing activities:        
Changes in accounts payable and accrued expenses related to property and equipment purchases $ 109 $ 314 $ (428) $ 493