Schedule of Fair Value, Assets Measured on Recurring Basis |
The following table summarizes information about our cash and cash equivalents, and short-term investments by investment category (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of April 30, 2022 | | Fair Value Level | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Estimated Fair Value | Cash and cash equivalents: | | | | | | | | | | Cash | | | $ | 26,991 | | | $ | — | | | $ | — | | | $ | 26,991 | | Money market funds | Level 1 | | 592,161 | | | — | | | — | | | 592,161 | | Commercial paper | Level 2 | | 74,969 | | | — | | | (9) | | | 74,960 | | U.S. Treasury securities | Level 1 | | 71,989 | | | — | | | — | | | 71,989 | | Total cash and cash equivalents | | | $ | 766,110 | | | $ | — | | | $ | (9) | | | $ | 766,101 | | Short-term investments: | | | | | | | | | | Certificates of deposit | Level 2 | | $ | 357 | | | $ | — | | | $ | — | | | $ | 357 | | Commercial paper | Level 2 | | 367,072 | | | — | | | (498) | | | 366,574 | | Corporate notes and bonds | Level 2 | | 47,333 | | | — | | | (200) | | | 47,133 | | U.S. Treasury securities | Level 1 | | 435,879 | | | 1 | | | (518) | | | 435,362 | | U.S. agency securities | Level 2 | | 2,005 | | | — | | | (13) | | | 1,992 | | Total short-term investments | | | $ | 852,646 | | | $ | 1 | | | $ | (1,229) | | | $ | 851,418 | |
The following table summarizes the respective fair value and the classification by level within the fair value hierarchy (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | As of January 31, 2022 | | Level 1 | | Level 2 | | Level 3 | | Total | Assets | | | | | | | | Cash equivalents: | | | | | | | | Money market funds | $ | 1,641,642 | | | $ | — | | | $ | — | | | $ | 1,641,642 | | Short-term investments: | | | | | | | | Certificates of deposit | — | | | 374 | | | — | | | 374 | | Total assets measured and recorded at fair value | $ | 1,641,642 | | | $ | 374 | | | $ | — | | | $ | 1,642,016 | |
|