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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Oct. 31, 2020
Oct. 31, 2019
Oct. 31, 2020
Oct. 31, 2019
Cash flows from operating activities        
Net income $ 96,959 $ 82,245 $ 277,080 $ 234,936
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 7,525 3,845 22,720 11,626
Reduction of operating lease right-of-use assets 3,322 1,798 9,411 5,016
Accretion of discount on short-term investments 1,203 (722) 1,688 (2,996)
Stock-based compensation 48,973 29,321 135,246 78,447
Amortization of deferred costs 5,350 4,832 15,425 14,524
Deferred income taxes (1,894) 432 (3,532) 1,771
Loss (Gain) on foreign currency from mark-to-market derivative 19 (74) 14 (112)
Bad debt (recovery) expense (181) 270 (60) (42)
Changes in operating assets and liabilities:        
Accounts receivable 37,448 28,319 206,214 186,633
Unbilled accounts receivable (16,585) (9,515) (20,418) (12,777)
Deferred costs (6,177) (4,500) (15,312) (13,528)
Income taxes payable 4,538 3,909 (453) 4,858
Prepaid expenses and other current and long-term assets 8,195 5,610 (2,937) 1,513
Accounts payable 3,060 1,253 (456) 1,216
Accrued expenses and other current liabilities 1,541 (1,682) 4,357 231
Deferred revenue (90,291) (78,326) (137,980) (105,637)
Operating lease liabilities (3,229) (1,625) (8,496) (5,143)
Other long-term liabilities (4,373) (3,886) 384 (2,270)
Net cash provided by operating activities 95,403 61,504 482,895 398,266
Cash flows from investing activities        
Purchases of short-term investments (417,898) (190,695) (874,465) (628,784)
Maturities and sales of short-term investments 158,628 194,661 528,194 571,398
Long-term assets (3,316) (1,237) (8,456) (4,228)
Net cash (used in) provided by investing activities (262,586) 2,729 (354,727) (61,614)
Cash flows from financing activities        
Changes in lease liabilities - finance leases 79 (241) (420) (729)
Proceeds from exercise of common stock options 6,186 1,607 25,245 8,618
Net cash provided by financing activities 6,265 1,366 24,825 7,889
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (599) (487) 2,683 (2,931)
Net change in cash, cash equivalents, and restricted cash (161,517) 65,112 155,676 341,610
Cash, cash equivalents, and restricted cash at beginning of period 796,990 828,676 479,797 552,178
Cash, cash equivalents, and restricted cash at end of period 635,473 893,788 635,473 893,788
Cash, cash equivalents, and restricted cash at end of period:        
Cash, cash equivalents, and restricted cash at end of period 635,473 893,788 635,473 893,788
Supplemental disclosures of other cash flow information:        
Cash paid for income taxes, net of refunds 2,198 1,739 17,153 5,004
Excess tax benefits from employee stock plans 17,329 8,931 59,067 39,509
Non-cash investing activities:        
Changes in accounts payable and accrued expenses related to property and equipment purchases $ 697 $ 109 $ 1,471 $ (428)