Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.23.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jul. 31, 2023
Jul. 31, 2022
Cash flow from operating activities:    
Net income (loss) $ 13,293 $ (49,215)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization expense 7,329 5,502
Bad debt expense 1,149 1,484
Stock-based compensation expense, net of amounts capitalized 28,175 28,711
Non-cash lease expense 2,998 3,002
Deferred income taxes (3,402) 0
Net amortization/accretion on marketable securities (7,998) 577
Other non-cash items, net 39 0
Changes in operating assets and liabilities:    
Accounts receivable 26,474 18,452
Prepaid expenses and other current assets 7,917 14,245
Other non-current assets (4,874) (393)
Accounts payable (7,897) 22,618
Operating lease liabilities (2,896) (3,730)
Accrued expenses and other current liabilities (25,632) (18,714)
Litigation settlement 0 (12,000)
Deferred revenue (2,156) (6,280)
Other liabilities 616 (1,285)
Net cash provided by operating activities 33,135 2,974
Cash flow from investing activities:    
Purchases of marketable securities (288,727) (448,083)
Sales of marketable securities 380 2,838
Maturities of marketable securities 205,911 267,699
Purchases of property and equipment (4,413) (2,352)
Capitalized internal-use software (5,744) (5,016)
Net cash used in investing activities (92,593) (184,915)
Cash flow from financing activities:    
Proceeds from issuance of common stock upon exercise of stock options 21,350 10,429
Proceeds from issuance of common stock upon ESPP purchases 3,970 6,213
Net cash provided by financing activities 25,320 16,642
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash (89) (1,919)
Net change in cash, cash equivalents and restricted cash (34,227) (167,218)
Cash, cash equivalents and restricted cash at beginning of period 188,387 321,426
Cash, cash equivalents and restricted cash at end of period 154,160 154,208
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net of refunds 2,999 2,885
Supplemental disclosure for non-cash investing and financing:    
Right-of-use assets obtained in exchange for operating lease liabilities 17,345 2,763
Accrued purchases of property and equipment 1,008 1,375
Stock-based compensation expense capitalized in internal-use software 1,544 875
Accrued for asset retirement obligation $ 119 $ 0