Selected Quarterly Financial Information (Unaudited)

12 Months Ended

Jan. 31, 2021

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Information (Unaudited)

Summarized quarterly financial information for fiscal years 2021 and 2020 is as follows:


2021	1st quarter		2nd quarter		3rd quarter		4th quarter		Fiscal year
Net revenue	$	885.7	$	913.1	$	952.4	$	1,039.2	$	3,790.4
Gross profit	803.8		832.2		868.7		948.6		3,453.3
Income from operations	130.6		146.1		168.0		184.4		629.1
(Provision) benefit for income taxes	(24.0)		(30.8)		(23.9)		740.2		661.5
Net income	66.5		98.2		132.2		911.3		1,208.2
Basic net income per share (1)	$	0.30	$	0.45	$	0.60	$	4.15	$	5.51
Diluted net income per share (1)	$	0.30	$	0.44	$	0.59	$	4.10	$	5.44
Income from operations includes the following items:
Stock-based compensation expense	$	98.2	$	95.9	$	97.4	$	108.3	$	399.8
Amortization of acquisition related intangibles	17.1		16.9		17.2		17.2		68.4

Acquisition related costs	1.9		3.5		4.5		4.7		14.6


2020	1st quarter		2nd quarter		3rd quarter		4th quarter		Fiscal year
Net revenue	$	735.5	$	796.8	$	842.7	$	899.3	$	3,274.3
Gross profit	652.8		717.3		763.2		816.1		2,949.4
Income from operations	24.8		73.8		110.6		133.8		343.0
(Provision) benefit for income taxes	(32.8)		(26.3)		(29.7)		8.5		(80.3)
Net (loss) income	(24.2)		40.2		66.7		131.8		214.5
Basic net (loss) income per share (1)	$	(0.11)	$	0.18	$	0.30	$	0.60	$	0.98
Diluted net (loss) income per share (1)	$	(0.11)	$	0.18	$	0.30	$	0.59	$	0.96
(Loss) Income from operations includes the following items:
Stock-based compensation expense	$	75.2	$	88.2	$	94.0	$	105.0	$	362.4
Amortization of acquisition related intangibles	19.0		18.3		18.1		18.0		73.4

Acquisition related costs	12.7		6.0		2.5		2.1		23.3
Restructuring and other exit costs, net	$	0.2	$	0.2	$	0.1	$	—	$	0.5

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(1) Net income (loss) per share were computed independently for each of the periods presented; therefore the sum of the net income (loss) per share amount for the quarters may not equal the total for the fiscal year.