v3.25.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Cash flows from operating activities:      
Net income (loss) $ 235 $ 28 $ (355)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Stock-based compensation 544 565 684
Depreciation and amortization 96 98 99
Amortization of deferred commissions 161 130 104
Deferred income taxes 13 2 6
Lease impairment charges 0 0 28
Gain on early extinguishment of debt 0 (19) (106)
Other, net 8 (1) (2)
Changes in operating assets and liabilities:      
Accounts receivable (70) (63) (79)
Deferred commissions (245) (186) (158)
Prepaid expenses and other assets (33) (37) (32)
Operating lease right-of-use assets 18 20 23
Accounts payable (2) 1 0
Accrued compensation 1 41 68
Accrued expenses and other liabilities 1 (3) 21
Operating lease liabilities (30) (33) (39)
Deferred revenue 187 207 250
Net cash provided by operating activities 884 750 512
Cash flows from investing activities:      
Capitalized software (12) (12) (15)
Purchases of property and equipment (9) (8) (8)
Purchases of securities available-for-sale and other (1,505) (1,812) (1,709)
Proceeds from maturities and redemption of securities available-for-sale 1,848 1,571 2,134
Proceeds from sales of securities available-for-sale and other 5 3 62
Payments for business acquisitions, net of cash acquired (56) (56) (22)
Purchases of intangible assets 0 0 (1)
Net cash provided by (used in) investing activities 271 (314) 441
Cash flows from financing activities:      
Payments upon maturity and repurchases of convertible senior notes (510) (280) (937)
Taxes paid related to net share settlement of equity awards (192) (148) 0
Payments for warrants related to convertible senior notes 0 0 (7)
Proceeds from settlement of capped calls related to convertible senior notes 2 0 0
Repurchases of common stock (73) 0 0
Proceeds from stock option exercises 12 27 15
Proceeds from shares issued in connection with employee stock purchase plan 41 42 46
Net cash used in financing activities (720) (359) (883)
Effects of changes in foreign currency exchange rates on cash, cash equivalents and restricted cash 14 (4) 1
Net increase in cash, cash equivalents and restricted cash 449 73 71
Cash, cash equivalents and restricted cash at beginning of year 415 342 271
Cash, cash equivalents and restricted cash at end of year 864 415 342
Non-cash investing and financing activities:      
Unsettled common stock repurchases 6 0 0
Unsettled maturities of securities available-for-sale 69 0 0
Operating lease right-of-use assets exchanged for lease liabilities 9 9 11
Reconciliation of cash, cash equivalents, and restricted cash within the consolidated balance sheets to the amounts shown in the statements of cash flows above:      
Cash and cash equivalents 858 409 334
Restricted cash, current included in prepaid expenses and other current assets 1 1 2
Restricted cash, noncurrent included in other assets 5 5 6
Total cash, cash equivalents and restricted cash $ 864 $ 415 $ 342