Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.24.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Cash flow from operating activities:    
Net income $ 22,930 $ 30,260
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 13,815 11,283
Provision for credit losses 12,413 3,370
Stock-based compensation, net of amounts capitalized 44,177 42,105
Non-cash lease expense 6,186 6,102
Deferred income taxes 38 (3,205)
Net amortization/accretion on marketable securities (9,830) (12,379)
Other non-cash items, net 207 56
Changes in operating assets and liabilities:    
Accounts receivable 80,653 47,876
Prepaid expenses and other current assets (9,129) 2,246
Other non-current assets (1,867) (8,424)
Accounts payable (1,653) (8,878)
Operating lease liabilities (3,928) (6,098)
Accrued expenses and other current liabilities (21,929) (23,744)
Deferred revenue (60,462) (26,807)
Other liabilities 604 399
Net cash provided by operating activities 72,225 54,162
Cash flow from investing activities:    
Purchases of marketable securities (329,258) (443,850)
Proceeds from sales and maturities of marketable securities 453,863 362,797
Purchases of property and equipment (5,000) (6,494)
Capitalized internal-use software (9,609) (8,791)
Net cash provided by (used in) investing activities 109,996 (96,338)
Cash flow from financing activities:    
Proceeds from issuance of common stock upon exercise of stock options 18,919 32,331
Proceeds from issuance of common stock upon ESPP purchases 3,403 3,970
Payments for repurchase of Class A common shares (273,873) 0
Net cash (used in) provided by financing activities (251,551) 36,301
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash (1,596) (1,648)
Net change in cash, cash equivalents and restricted cash (70,926) (7,523)
Cash, cash equivalents and restricted cash at beginning of period 172,429 188,387
Cash, cash equivalents and restricted cash at end of period 101,503 180,864
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net of refunds 5,773 5,039
Supplemental disclosure for non-cash investing and financing:    
Right-of-use assets obtained in exchange for operating lease liabilities 22,669 18,121
Accrued purchases of property and equipment 470 2,192
Stock-based compensation expense capitalized in internal-use software 1,825 1,956
Accrued asset retirement obligations 0 117
Accrued excise tax on share repurchases $ 2,011 $ 0