Document and Entity Information
Document and Entity Information - shares shares in Millions | 3 Months Ended | |
Apr. 30, 2018 | May 31, 2018 | |
Document And Entity Information [Abstract] | ||
Entity Registrant Name | Workday, Inc. | |
Entity Central Index Key | 1,327,811 | |
Current Fiscal Year End Date | --01-31 | |
Entity Filer Category | Large Accelerated Filer | |
Document Type | 10-Q | |
Document Period End Date | Apr. 30, 2018 | |
Document Fiscal Year Focus | 2,019 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false | |
Trading Symbol | WDAY | |
Entity Common Stock, Shares Outstanding | 216 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Apr. 30, 2018 | Jan. 31, 2018 |
Current assets: | ||
Cash and cash equivalents | $ 1,036,045 | $ 1,134,355 |
Marketable securities | 2,329,623 | 2,133,495 |
Trade and other receivables, net | 354,209 | 528,208 |
Deferred costs | 63,567 | 63,060 |
Prepaid expenses and other current assets | 97,365 | 97,860 |
Total current assets | 3,880,809 | 3,956,978 |
Property and equipment, net | 611,293 | 546,609 |
Deferred costs, noncurrent | 136,248 | 140,509 |
Acquisition-related intangible assets, net | 29,146 | 34,234 |
Goodwill | 159,398 | 159,376 |
Other assets | 110,938 | 109,718 |
Total assets | 4,927,832 | 4,947,424 |
Current liabilities: | ||
Accounts payable | 30,249 | 20,998 |
Accrued expenses and other current liabilities | 112,977 | 121,879 |
Accrued compensation | 163,383 | 148,247 |
Unearned revenue | 1,319,794 | 1,426,241 |
Current portion of convertible senior notes, net | 570,251 | 341,509 |
Total current liabilities | 2,196,654 | 2,058,874 |
Convertible senior notes, net | 939,242 | 1,149,845 |
Unearned revenue, noncurrent | 95,270 | 110,906 |
Other liabilities | 39,366 | 47,434 |
Total liabilities | 3,270,532 | 3,367,059 |
Stockholders’ equity: | ||
Common stock | 215 | 211 |
Additional paid-in capital | 3,489,690 | 3,354,423 |
Accumulated other comprehensive income (loss) | (30,766) | (46,413) |
Accumulated deficit | (1,801,839) | (1,727,856) |
Total stockholders’ equity | 1,657,300 | 1,580,365 |
Total liabilities and stockholders’ equity | $ 4,927,832 | $ 4,947,424 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | ||
Apr. 30, 2018 | Apr. 30, 2017 | ||
Revenues: | |||
Subscription services | $ 522,149 | $ 399,736 | |
Professional services | 96,494 | 80,125 | |
Total revenues | 618,643 | 479,861 | |
Costs and expenses: | |||
Costs of subscription services | [1] | 80,245 | 59,798 |
Costs of professional services | [1] | 97,726 | 76,913 |
Product development | [1] | 263,584 | 196,439 |
Sales and marketing | [1] | 192,771 | 155,709 |
General and administrative | [1] | 55,581 | 51,202 |
Total costs and expenses | 689,907 | 540,061 | |
Operating loss | (71,264) | (60,200) | |
Other income (expense), net | (3,848) | (1,663) | |
Loss before provision for (benefit from) income taxes | (75,112) | (61,863) | |
Provision for (benefit from) income taxes | (702) | 2,181 | |
Net loss | $ (74,410) | $ (64,044) | |
Net loss per share, basic and diluted (in dollars per share) | $ (0.35) | $ (0.31) | |
Weighted-average shares used to compute net loss per share, basic and diluted (in shares) | 213,055 | 203,818 | |
[1] | (1) Costs and expenses include share-based compensation expenses as follows:Costs of subscription services$7,877 $5,691Costs of professional services10,792 8,021Product development68,511 51,029Sales and marketing25,612 23,159General and administrative19,867 19,888 |
Condensed Consolidated Stateme4
Condensed Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Thousands | 3 Months Ended | |
Apr. 30, 2018 | Apr. 30, 2017 | |
Costs of subscription services | ||
Share-based compensation expense | $ 7,877 | $ 5,691 |
Costs of professional services | ||
Share-based compensation expense | 10,792 | 8,021 |
Product development | ||
Share-based compensation expense | 68,511 | 51,029 |
Sales and marketing | ||
Share-based compensation expense | 25,612 | 23,159 |
General and administrative | ||
Share-based compensation expense | $ 19,867 | $ 19,888 |
Condensed Consolidated Stateme5
Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands | 3 Months Ended | |
Apr. 30, 2018 | Apr. 30, 2017 | |
Statement of Comprehensive Income [Abstract] | ||
Net loss | $ (74,410) | $ (64,044) |
Other comprehensive income (loss), net of tax: | ||
Net change in foreign currency translation adjustment | (787) | (277) |
Net change in unrealized gains (losses) on available-for-sale debt securities | (533) | (775) |
Net change in market value of effective foreign currency forward exchange contracts, net of tax provision of $2,424 and $0, respectively | 16,967 | (1,209) |
Other comprehensive income (loss), net of tax | 15,647 | (2,261) |
Comprehensive loss | $ (58,763) | $ (66,305) |
Condensed Consolidated Stateme6
Condensed Consolidated Statements of Comprehensive Loss (Parenthetical) - USD ($) $ in Thousands | 3 Months Ended | |
Apr. 30, 2018 | Apr. 30, 2017 | |
Statement of Comprehensive Income [Abstract] | ||
Foreign currency forward exchange contracts, tax | $ 2,424 | $ 0 |
Condensed Consolidated Stateme7
Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 3 Months Ended | |
Apr. 30, 2018 | Apr. 30, 2017 | |
Cash flows from operating activities | ||
Net loss | $ (74,410) | $ (64,044) |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
Depreciation and amortization | 38,664 | 31,797 |
Share-based compensation expenses | 132,659 | 107,788 |
Amortization of deferred costs | 16,360 | 13,637 |
Amortization of debt discount and issuance costs | 18,139 | 6,950 |
Other | (9,289) | 4,258 |
Changes in operating assets and liabilities: | ||
Trade and other receivables, net | 168,702 | 111,815 |
Deferred costs | (12,606) | (11,381) |
Prepaid expenses and other assets | 8,488 | (3,050) |
Accounts payable | 7,954 | (565) |
Accrued expenses and other liabilities | 11,627 | 4,089 |
Unearned revenue | (122,055) | (21,272) |
Net cash provided by (used in) operating activities | 184,233 | 180,022 |
Cash flows from investing activities | ||
Purchases of marketable securities | (908,126) | (613,251) |
Maturities of marketable securities | 686,676 | 441,870 |
Sales of marketable securities | 27,359 | 9,074 |
Owned real estate projects | (39,233) | (29,539) |
Capital expenditures, excluding owned real estate projects | (48,862) | (30,593) |
Purchases of non-marketable equity and other investments | (2,400) | (450) |
Net cash provided by (used in) investing activities | (284,586) | (222,889) |
Cash flows from financing activities | ||
Proceeds from issuance of common stock from employee equity plans | 2,611 | 2,253 |
Other | (57) | (44) |
Net cash provided by (used in) financing activities | 2,554 | 2,209 |
Effect of exchange rate changes | (420) | (132) |
Net increase (decrease) in cash, cash equivalents, and restricted cash | (98,219) | (40,790) |
Cash, cash equivalents, and restricted cash at the beginning of period | 1,135,654 | 541,894 |
Cash, cash equivalents, and restricted cash at the end of period | 1,037,435 | 501,104 |
Supplemental cash flow data | ||
Cash paid for interest, net of amounts capitalized | 19 | 0 |
Cash paid for income taxes | 1,714 | 1,346 |
Non-cash investing and financing activities: | ||
Vesting of early exercised stock options | 0 | 282 |
Purchases of property and equipment, accrued but not paid | 62,196 | 32,515 |
Non-cash additions to property and equipment | $ 58 | $ 142 |
Condensed Consolidated Stateme8
Condensed Consolidated Statements of Cash Flows (Reconciliation) - USD ($) $ in Thousands | Apr. 30, 2018 | Apr. 30, 2017 |
Reconciliation of cash, cash equivalents, and restricted cash as shown in the statements of cash flows | ||
Cash and cash equivalents | $ 1,036,045 | $ 498,931 |
Restricted cash included in Other assets | 1,390 | 2,173 |
Total cash, cash equivalents, and restricted cash | $ 1,037,435 | $ 501,104 |
Overview and Basis of Presentat
Overview and Basis of Presentation | 3 Months Ended |
Apr. 30, 2018 | |
Accounting Policies [Abstract] | |
Overview and Basis of Presentation | Overview and Basis of Presentation Company and Background Workday provides financial management, human capital management, and analytics applications designed for the world's largest companies, educational institutions, and government agencies. We offer innovative and adaptable technology focused on the consumer internet experience and cloud delivery model. Our applications are designed for global enterprises to manage complex and dynamic operating environments. We provide our customers highly adaptable, accessible, and reliable applications to manage critical business functions that enable them to optimize their financial and human capital resources. We were originally incorporated in March 2005 in Nevada and in June 2012, we reincorporated in Delaware. As used in this report, the terms "Workday," "registrant," "we," "us," and "our" mean Workday, Inc. and its subsidiaries unless the context indicates otherwise. Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States ("GAAP") and applicable rules and regulations of the Securities and Exchange Commission ("SEC") regarding interim financial reporting. The condensed consolidated financial statements include the results of Workday, Inc. and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. In the opinion of our management, the information contained herein reflects all adjustments necessary for a fair presentation of Workday’s results of operations, financial position, and cash flows. All such adjustments are of a normal, recurring nature. The results of operations for the quarter ended April 30, 2018 shown in this report are not necessarily indicative of results to be expected for the full year ending January 31, 2019 . The unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements in our Annual Report on Form 10-K for the year ended January 31, 2018 , filed with the SEC on March 14, 2018. Certain prior period amounts reported in our condensed consolidated financial statements have been reclassified to conform to current period presentation. Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires us to make certain estimates, judgments, and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the condensed consolidated financial statements as well as the reported amounts of revenues and expenses during the reporting period. These estimates include, but are not limited to, the determination of the period of benefit for deferred commissions, certain assumptions used in the valuation of equity awards, and the fair value of assets acquired and liabilities assumed through business combinations. Actual results could differ from those estimates and such differences could be material to our condensed consolidated financial position and results of operations. Segment Information We operate in one operating segment, cloud applications. Operating segments are defined as components of an enterprise where separate financial information is evaluated regularly by the chief operating decision maker, who is our chief executive officer, in deciding how to allocate resources and assessing performance. Our chief operating decision maker allocates resources and assesses performance based upon discrete financial information at the consolidated level. |
Accounting Standards
Accounting Standards | 3 Months Ended |
Apr. 30, 2018 | |
Accounting Policies [Abstract] | |
Accounting Standards | Accounting Standards Recently Adopted Accounting Pronouncements In January 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities (Subtopic 825-10) , which amends various aspects of the recognition, measurement, presentation, and disclosure of financial instruments. As of February 1, 2018, we adopted the applicable provisions of ASU No. 2016-01 as follows: • Marketable equity investments (readily determinable fair values): For our equity investments previously classified as available-for-sale equity investments, we are required to account for changes in fair value of these investments in the condensed consolidated statements of operations. We have applied the modified retrospective transition method upon adoption, resulting in no impact to our condensed consolidated financial statements as of February 1, 2018. • Non-marketable equity investments (no readily determinable fair values): For our equity investments previously classified as cost method investments that do not qualify for the net asset value practical expedient, we are required to measure them at fair value or the measurement alternative. The measurement alternative is defined as cost, less impairment, adjusted for observable price changes from orderly transactions for identical or similar investments of the same issuer. Adjustments resulting from impairment, fair value, or observable price changes are accounted for in the condensed consolidated statements of operations. We adopted the guidance prospectively effective February 1, 2018, and there was no impact to our condensed consolidated financial statements. Going forward, the impact of this new standard could result in volatility in the condensed consolidated statements of operations. In October 2016, the FASB issued ASU No. 2016-16, Intra-Entity Transfers of Assets Other Than Inventory (Topic 740) , which requires entities to recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. Prior to the issuance of this ASU, existing guidance prohibited the recognition of current and deferred income taxes for an intra-entity asset transfer until the asset had been sold to an outside party. We adopted this new standard effective February 1, 2018 using the modified retrospective transition method, resulting in a $0.4 million cumulative-effect adjustment to Accumulated deficit as of February 1, 2018. Recently Issued Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) , which requires the recognition of lease assets and lease liabilities on the balance sheet by lessees for those leases currently classified as operating leases under Accounting Standards Codification Topic 840 Leases. The guidance is effective for our fiscal year beginning February 1, 2019 and should be applied using a modified retrospective approach. Early adoption is permitted. We plan to adopt this new standard in the first quarter of our fiscal 2020. We continue to evaluate the effect of adopting this guidance on our condensed consolidated financial statements and related disclosures. Upon adoption, we will recognize right-of-use assets and operating lease liabilities on our condensed consolidated balance sheets, which will increase our total assets and total liabilities. We are evaluating the accounting, transition, and disclosure requirements of this standard and cannot currently estimate the financial statement impact of adoption. In August 2017, the FASB issued ASU No. 2017-12, Derivatives and Hedging (Topic 815) , to better align an entity’s risk management activities and financial reporting for hedging relationships through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results. The guidance is effective for our fiscal year beginning February 1, 2019 and should be applied using a modified retrospective approach. Early adoption is permitted. We plan to adopt this new standard in the first quarter of our fiscal 2020. We are evaluating the accounting, transition, and disclosure requirements of this standard and cannot currently estimate the financial statement impact of adoption. In February 2018, the FASB issued ASU No. 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income , which provides entities the option to reclassify tax effects stranded in accumulated other comprehensive income as a result of the 2017 Tax Cuts and Jobs Act (the "Tax Act") to retained earnings. The guidance is effective for our fiscal year beginning February 1, 2019 and should be applied either in the period of adoption or retrospectively to each period in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Act is recognized. Early adoption is permitted. We plan to adopt the new standard in the first quarter of our fiscal 2020 and do not expect it to have a material impact on our condensed consolidated financial statements. |
Investments
Investments | 3 Months Ended |
Apr. 30, 2018 | |
Investments, Debt and Equity Securities [Abstract] | |
Investments | Investments Marketable Securities At April 30, 2018 , marketable securities consisted of the following (in thousands): Amortized Cost Unrealized Gains Unrealized Losses Aggregate Fair Value U.S. agency obligations $ 553,880 $ — $ (1,002 ) $ 552,878 U.S. treasury securities 1,391,222 7 (1,428 ) 1,389,801 Corporate bonds 420,352 19 (1,527 ) 418,844 Commercial paper 760,993 — (9 ) 760,984 $ 3,126,447 $ 26 $ (3,966 ) $ 3,122,507 Included in cash and cash equivalents $ 792,889 $ 4 $ (9 ) $ 792,884 Included in marketable securities $ 2,333,558 $ 22 $ (3,957 ) $ 2,329,623 At January 31, 2018 , marketable securities consisted of the following (in thousands): Amortized Cost Unrealized Gains Unrealized Losses Aggregate Fair Value U.S. agency obligations $ 683,551 $ — $ (1,127 ) $ 682,424 U.S. treasury securities 797,977 — (1,142 ) 796,835 Corporate bonds 470,259 16 (1,154 ) 469,121 Commercial paper 602,727 — — 602,727 $ 2,554,514 $ 16 $ (3,423 ) $ 2,551,107 Included in cash and cash equivalents $ 417,613 $ — $ (1 ) $ 417,612 Included in marketable securities $ 2,136,901 $ 16 $ (3,422 ) $ 2,133,495 We do not believe the unrealized losses represent other-than-temporary impairments based on our evaluation of available evidence, which includes our intent to hold these investments to maturity as of April 30, 2018 . The unrealized losses on marketable securities which have been in a net loss position for 12 months or more were not material as of April 30, 2018 . We classify our marketable securities as available-for-sale debt securities at the time of purchase and reevaluate such classification as of each balance sheet date. We consider all marketable securities as available for use in current operations, including those with maturity dates beyond one year, and therefore classify these securities as current assets in the accompanying condensed consolidated balance sheets. Marketable securities on the condensed consolidated balance sheets consist of securities with original maturities at the time of purchase greater than three months and the remainder of the securities is included in Cash and cash equivalents. We sold $27 million and $9 million of our marketable securities during the three months ended April 30, 2018 and 2017 , respectively, and the realized gains from the sales were immaterial. Equity Investments Equity investments consisted of the following (in thousands): April 30, 2018 January 31, 2018 Marketable equity investments $ 88,571 $ 551,804 Non-marketable equity investments 29,405 28,005 $ 117,976 $ 579,809 Marketable equity investments consist of money market funds and are included in Cash and cash equivalents on the condensed consolidated balance sheets. During the three months ended April 30, 2018, there were no unrealized gains or losses recognized for these investments. Non-marketable equity investments consist of investments in privately held companies without readily determinable fair values and are included in Other assets on the condensed consolidated balance sheets. During the three months ended April 30, 2018, there were no adjustments to the carrying value of the non-marketable equity investments as measured under the measurement alternative. |
Fair Value Measurements
Fair Value Measurements | 3 Months Ended |
Apr. 30, 2018 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | Fair Value Measurements We measure our cash equivalents, marketable securities, and foreign currency derivative contracts at fair value at each reporting period using a fair value hierarchy that requires that we maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s classification within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Three levels of inputs may be used to measure fair value: Level 1 — Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 — Other inputs that are directly or indirectly observable in the marketplace. Level 3 — Unobservable inputs that are supported by little or no market activity. Assets and Liabilities Measured at Fair Value on a Recurring Basis The following table presents information about our assets and liabilities that are measured at fair value on a recurring basis and their assigned levels within the valuation hierarchy as of April 30, 2018 (in thousands): Description Level 1 Level 2 Level 3 Total U.S. agency obligations $ — $ 552,878 $ — $ 552,878 U.S. treasury securities 1,389,801 — — 1,389,801 Corporate bonds — 418,844 — 418,844 Commercial paper — 760,984 — 760,984 Money market funds 88,571 — — 88,571 Foreign currency derivative assets — 6,484 — 6,484 Total assets $ 1,478,372 $ 1,739,190 $ — $ 3,217,562 Foreign currency derivative liabilities $ — $ 11,070 $ — $ 11,070 Total liabilities $ — $ 11,070 $ — $ 11,070 The following table presents information about our assets and liabilities that are measured at fair value on a recurring basis and their assigned levels within the valuation hierarchy as of January 31, 2018 (in thousands): Description Level 1 Level 2 Level 3 Total U.S. agency obligations $ — $ 682,424 $ — $ 682,424 U.S. treasury securities 796,835 — — 796,835 Corporate bonds — 469,121 — 469,121 Commercial paper — 602,727 — 602,727 Money market funds 551,804 — — 551,804 Foreign currency derivative assets — 98 — 98 Total assets $ 1,348,639 $ 1,754,370 $ — $ 3,103,009 Foreign currency derivative liabilities $ — $ 32,912 $ — $ 32,912 Total liabilities $ — $ 32,912 $ — $ 32,912 Fair Value Measurements of Other Financial Instruments The following table presents the carrying amounts and estimated fair values of our financial instruments that are not recorded at fair value on the condensed consolidated balance sheets (in thousands): April 30, 2018 January 31, 2018 Net Carrying Amount Estimated Fair Value Net Carrying Amount Estimated Fair Value 0.75% Convertible senior notes $ 346,144 $ 520,748 $ 341,509 $ 504,994 1.50% Convertible senior notes 224,107 392,463 221,378 385,550 0.25% Convertible senior notes 939,242 1,247,865 928,467 1,200,577 In June 2013, we completed an offering of $350 million of 0.75% convertible senior notes due July 15, 2018 ("2018 Notes"), and we concurrently issued an additional $250 million of 1.50% convertible senior notes due July 15, 2020 ("2020 Notes"). In September 2017, we completed an offering of $1.15 billion of 0.25% convertible senior notes due October 1, 2022 ("2022 Notes" and together with the 2018 Notes and 2020 Notes, referred to as the "Notes"). The estimated fair values of the Notes, which we have classified as Level 2 financial instruments, were determined based on the quoted bid prices of the Notes in an over-the-counter market on the last trading day of each reporting period. The if-converted values of the 2018 Notes and 2020 Notes exceeded the principal amounts by $175 million and $132 million , respectively. The if-converted value of the 2022 Notes was less than the principal amount by $174 million . The if-converted values were determined based on the closing price of our common stock of $124.84 on April 30, 2018 . For further information, see Note 10. |
Deferred Costs
Deferred Costs | 3 Months Ended |
Apr. 30, 2018 | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
Deferred Costs | Deferred Costs Deferred costs, which primarily consist of deferred sales commissions, were $200 million and $204 million as of April 30, 2018 and January 31, 2018 , respectively. Amortization expense for the deferred costs was $16 million and $14 million for the three months ended April 30, 2018 and 2017 , respectively. There was no impairment loss in relation to the costs capitalized for the periods presented. |
Property and Equipment, Net
Property and Equipment, Net | 3 Months Ended |
Apr. 30, 2018 | |
Property, Plant and Equipment [Abstract] | |
Property and Equipment, Net | Property and Equipment, Net Property and equipment, net consisted of the following (in thousands): April 30, 2018 January 31, 2018 Land $ 9,641 $ 8,451 Buildings 302,542 255,093 Computers, equipment, and software 440,660 411,177 Computers, equipment, and software acquired under capital leases 13,414 13,848 Furniture and fixtures 36,956 34,809 Leasehold improvements 142,343 132,209 Property and equipment, gross (1) 945,556 855,587 Less accumulated depreciation and amortization (334,263 ) (308,978 ) Property and equipment, net $ 611,293 $ 546,609 (1) Property and equipment, gross includes construction-in-progress for owned real estate projects of $199 million and $177 million that have not yet been placed in service as of April 30, 2018 and January 31, 2018 , respectively. Depreciation expense totaled $33 million and $27 million for the three months ended April 30, 2018 and 2017 , respectively. Interest costs capitalized to property and equipment totaled $2 million and $1 million for the three months ended April 30, 2018 and 2017 , respectively. |
Acquisition-related Intangible
Acquisition-related Intangible Assets, Net | 3 Months Ended |
Apr. 30, 2018 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Acquisition-related Intangible Assets, Net | Acquisition-related Intangible Assets, Net Acquisition-related intangible assets, net consisted of the following (in thousands): April 30, 2018 January 31, 2018 Acquired developed technology $ 69,700 $ 69,700 Customer relationship assets 1,000 1,000 70,700 70,700 Less accumulated amortization (41,554 ) (36,466 ) Acquisition-related intangible assets, net $ 29,146 $ 34,234 Amortization expense related to acquired developed technology and customer relationship assets was $5 million for each of the three month periods ended April 30, 2018 and 2017 . As of April 30, 2018 , our future estimated amortization expense related to acquired developed technology and customer relationship assets is as follows (in thousands): Fiscal Period: 2019 $ 14,998 2020 11,481 2021 1,517 2022 1,150 Total $ 29,146 |
Other Assets
Other Assets | 3 Months Ended |
Apr. 30, 2018 | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
Other Assets | Other Assets Other assets consisted of the following (in thousands): April 30, 2018 January 31, 2018 Non-marketable equity and other investments $ 31,605 $ 29,205 Prepayments for computing infrastructure platform 11,403 13,588 Technology patents, net 10,790 11,217 Acquired land leasehold interest, net 9,544 9,570 Deposits 4,731 4,492 Net deferred tax assets 2,097 1,884 Other 40,768 39,762 Total $ 110,938 $ 109,718 |
Derivative Instruments
Derivative Instruments | 3 Months Ended |
Apr. 30, 2018 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative Instruments | Derivative Instruments We conduct business on a global basis in multiple foreign currencies, subjecting Workday to foreign currency risk. To mitigate this risk, we utilize hedging contracts as described below. We do not enter into any derivatives for trading or speculative purposes. Our foreign currency contracts are classified within Level 2 of the fair value hierarchy because the valuation inputs are based on quoted prices and market observable data of similar instruments in active markets, such as currency spot and forward rates. Cash Flow Hedges We are exposed to foreign currency fluctuations resulting from customer contracts denominated in foreign currencies. We have a hedging program in which we enter into foreign currency forward contracts related to certain customer contracts. We designate these forward contracts as cash flow hedging instruments as the accounting criteria for such designation have been met. The effective portion of the gains or losses resulting from changes in the fair value of these hedges is recorded in Accumulated other comprehensive income (loss) ("OCI") on the condensed consolidated balance sheets and will be subsequently reclassified to the related revenue line item on the condensed consolidated statements of operations in the same period that the underlying revenues are earned. The changes in value of these contracts resulting from changes in forward points are excluded from the assessment of hedge effectiveness and are recorded as incurred in Other income (expense), net on the condensed consolidated statements of operations. Cash flows from such forward contracts are classified as operating activities. As of April 30, 2018 and January 31, 2018 , we had outstanding foreign currency forward contracts designated as cash flow hedges with total notional values of $639 million and $549 million , respectively. All contracts have maturities not greater than 36 months. The notional value represents the amount that will be bought or sold upon maturity of the forward contract. Foreign Currency Forward Contracts not Designated as Hedges We also enter into foreign currency forward contracts to hedge a portion of our net outstanding monetary assets and liabilities. These forward contracts are not designated as hedging instruments under applicable accounting guidance, and therefore all changes in the fair value of the forward contracts are recorded in Other income (expense), net on the condensed consolidated statements of operations. These forward contracts are intended to offset the foreign currency gains or losses associated with the underlying monetary assets and liabilities. Cash flows from such forward contracts are classified as operating activities. As of April 30, 2018 and January 31, 2018 , we had outstanding forward contracts with total notional values of $135 million and $75 million . The fair values of outstanding derivative instruments were as follows (in thousands): Condensed Consolidated Balance Sheets Location April 30, 2018 January 31, 2018 Derivative Assets: Foreign currency forward contracts designated as cash flow hedges Prepaid expenses and other current assets $ 3,601 $ 15 Foreign currency forward contracts designated as cash flow hedges Other assets 2,318 4 Foreign currency forward contracts not designated as hedges Prepaid expenses and other current assets 565 79 Total Derivative Assets $ 6,484 $ 98 Derivative Liabilities: Foreign currency forward contracts designated as cash flow hedges Accrued expenses and other current liabilities $ 6,090 $ 18,355 Foreign currency forward contracts designated as cash flow hedges Other liabilities 3,500 11,650 Foreign currency forward contracts not designated as hedges Accrued expenses and other current liabilities 1,345 2,805 Foreign currency forward contracts not designated as hedges Other liabilities 135 102 Total Derivative Liabilities $ 11,070 $ 32,912 Gains (losses) associated with foreign currency forward contracts designated as cash flow hedges were as follows (in thousands): Condensed Consolidated Statements of Operations and Statements of Comprehensive Loss Locations Three Months Ended April 30, 2018 2017 Gains (losses) recognized in OCI (effective portion) (1) Net change in market value of effective foreign currency forward exchange contracts $ 18,274 $ (975 ) Gains (losses) reclassified from OCI into income (effective portion) Revenues (1,117 ) 234 Gains (losses) recognized in income (amount excluded from effectiveness testing and ineffective portion) Other income (expense), net 2,231 623 (1) Of the total effective portion of foreign currency forward contracts designated as cash flow hedges as of April 30, 2018 , net losses of $9 million are expected to be reclassified out of OCI within the next 12 months. Gains (losses) associated with foreign currency forward contracts not designated as cash flow hedges were as follows (in thousands): Condensed Consolidated Statements of Operations Location Three Months Ended April 30, Derivative Type 2018 2017 Foreign currency forward contracts not designated as hedges Other income (expense), net $ 1,794 $ (6 ) We are subject to master netting agreements with certain counterparties of the foreign exchange contracts, under which we are permitted to net settle transactions of the same currency with a single net amount payable by one party to the other. It is our policy to present the derivatives gross on the condensed consolidated balance sheets. Our foreign currency forward contracts are not subject to any credit contingent features or collateral requirements. We manage our exposure to counterparty risk by entering into contracts with a diversified group of major financial institutions and by actively monitoring outstanding positions. As of April 30, 2018 , information related to these offsetting arrangements was as follows (in thousands): Gross Amounts of Recognized Assets Gross Amounts Offset on the Condensed Consolidated Balance Sheets Net Amounts of Assets Presented on the Condensed Consolidated Balance Sheets Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets Net Assets Exposed Financial Instruments Cash Collateral Received Derivative Assets: Counterparty A $ 2,222 $ — $ 2,222 $ (2,222 ) $ — $ — Counterparty B 2,958 — 2,958 (2,958 ) — — Counterparty C 1,304 — 1,304 (1,304 ) — — Total $ 6,484 $ — $ 6,484 $ (6,484 ) $ — $ — Gross Amounts of Recognized Liabilities Gross Amounts Offset on the Condensed Consolidated Balance Sheets Net Amounts of Liabilities Presented on the Condensed Consolidated Balance Sheets Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets Net Liabilities Exposed Financial Instruments Cash Collateral Pledged Derivative Liabilities: Counterparty A $ 2,939 $ — $ 2,939 $ (2,222 ) $ — $ 717 Counterparty B 6,365 — 6,365 (2,958 ) — 3,407 Counterparty C 1,766 — 1,766 (1,304 ) — 462 Total $ 11,070 $ — $ 11,070 $ (6,484 ) $ — $ 4,586 |
Convertible Senior Notes, Net
Convertible Senior Notes, Net | 3 Months Ended |
Apr. 30, 2018 | |
Debt Disclosure [Abstract] | |
Convertible Senior Notes, Net | Convertible Senior Notes, Net Convertible Senior Notes In June 2013, we issued 0.75% convertible senior notes due July 15, 2018 with a principal amount of $350 million . The 2018 Notes are unsecured, unsubordinated obligations, and interest is payable in cash in arrears at a fixed rate of 0.75% on January 15 and July 15 of each year. The 2018 Notes mature on July 15, 2018 unless repurchased or converted in accordance with their terms prior to such date. We cannot redeem the 2018 Notes prior to maturity. Concurrently, we issued 1.50% convertible senior notes due July 15, 2020 with a principal amount of $250 million . The 2020 Notes are unsecured, unsubordinated obligations, and interest is payable in cash in arrears at a fixed rate of 1.50% on January 15 and July 15 of each year. The 2020 Notes mature on July 15, 2020 unless repurchased or converted in accordance with their terms prior to such date. We cannot redeem the 2020 Notes prior to maturity. In September 2017, we issued 0.25% convertible senior notes due October 1, 2022 with a principal amount of $1.15 billion . The 2022 Notes are unsecured, unsubordinated obligations, and interest is payable in cash in arrears at a fixed rate of 0.25% on April 1 and October 1 of each year. The 2022 Notes mature on October 1, 2022 unless repurchased or converted in accordance with their terms prior to such date. We cannot redeem the 2022 Notes prior to maturity. The terms of the Notes are governed by Indentures by and between us and Wells Fargo Bank, National Association, as Trustee (the "Indentures"). Upon conversion, holders of the Notes will receive cash, shares of Class A common stock, or a combination of cash and shares of Class A common stock, at our election. For the 2018 Notes, the initial conversion rate is 12.0075 shares of Class A common stock per $1,000 principal amount, which is equal to an initial conversion price of approximately $83.28 per share of Class A common stock, subject to adjustment. For the 2020 Notes, the initial conversion rate is 12.2340 shares of Class A common stock per $1,000 principal amount, which is equal to an initial conversion price of approximately $81.74 per share of Class A common stock, subject to adjustment. Prior to the close of business on March 13, 2020, the conversion is subject to the satisfaction of certain conditions, as described below. For the 2022 Notes, the initial conversion rate is 6.7982 shares of Class A common stock per $1,000 principal amount, which is equal to an initial conversion price of approximately $147.10 per share of Class A common stock, subject to adjustment. Prior to the close of business on May 31, 2022, the conversion is subject to the satisfaction of certain conditions, as described below. Holders of the Notes who convert their Notes in connection with certain corporate events that constitute a make-whole fundamental change (as defined in the Indentures) are, under certain circumstances, entitled to an increase in the conversion rate. Additionally, in the event of a corporate event that constitutes a fundamental change (as defined in the Indentures), holders of the Notes may require us to repurchase all or a portion of their Notes at a price equal to 100% of the principal amount of the Notes, plus any accrued and unpaid interest. Holders of the 2020 Notes and 2022 Notes may convert all or a portion of their Notes prior to the close of business on March 13, 2020 and May 31, 2022, respectively, in multiples of $1,000 principal amount, only under the following circumstances: • if the last reported sale price of Class A common stock for at least 20 trading days during a period of 30 consecutive trading days ending on the last trading day of the immediately preceding fiscal quarter is greater than or equal to 130% of the conversion price of the respective Notes on each applicable trading day; • during the five business day period after any five consecutive trading day period in which the trading price per $1,000 principal amount of the respective Notes for each day of that five day consecutive trading day period was less than 98% of the product of the last reported sale price of Class A common stock and the conversion rate of the respective Notes on such trading day; or • upon the occurrence of specified corporate events, as noted in the Indentures. On or after March 15, 2018 for the 2018 Notes, March 15, 2020 for the 2020 Notes, and June 1, 2022 for the 2022 Notes, holders of the Notes may convert their Notes at any time until the close of business on the second scheduled trading day immediately preceding the respective maturity date of their Notes. In accounting for the issuance of the Notes, we separated each of the Notes into liability and equity components. The carrying amounts of the liability components were calculated by measuring the fair value of similar liabilities that do not have associated convertible features. The carrying amount of the equity components representing the conversion option were determined by deducting the fair value of the liability components from the par value of the respective Notes. These differences represent debt discounts that are amortized to interest expense over the respective terms of the Notes using the effective interest rate method. The equity components are not remeasured as long as they continue to meet the conditions for equity classification. In accounting for the issuance costs related to the Notes, we allocated the total amount of issuance costs incurred to liability and equity components based on their relative values. Issuance costs attributable to the liability components are being amortized on a straight-line basis, which approximates the effective interest rate method, to interest expense over the respective terms of the Notes. The issuance costs attributable to the equity components were netted against the respective equity components in Additional paid-in capital. For the 2018 Notes, we recorded liability issuance costs of $7 million and equity issuance costs of $2 million . Amortization expense for the liability issuance costs was $0.4 million for each of the three month periods ended April 30, 2018 and 2017 . For the 2020 Notes, we recorded liability issuance costs of $5 million and equity issuance costs of $2 million . Amortization expense for the liability issuance costs was $0.2 million for each of the three month periods ended April 30, 2018 and 2017 . For the 2022 Notes, we recorded liability issuance costs of $14 million and equity issuance costs of $4 million . Amortization expense for the liability issuance costs was $0.7 million for the three months ended April 30, 2018 . The Notes, net consisted of the following (in thousands): April 30, 2018 January 31, 2018 2018 Notes 2020 Notes 2022 Notes 2018 Notes 2020 Notes 2022 Notes Principal amounts: Principal $ 350,000 $ 250,000 $ 1,150,000 $ 350,000 $ 250,000 $ 1,150,000 Unamortized debt discount (3,567 ) (24,407 ) (198,127 ) (7,850 ) (26,968 ) (208,188 ) Unamortized debt issuance costs (289 ) (1,486 ) (12,631 ) (641 ) (1,654 ) (13,345 ) Net carrying amount $ 346,144 $ 224,107 $ 939,242 $ 341,509 $ 221,378 $ 928,467 Carrying amount of the equity component (1) $ 74,892 $ 66,007 $ 219,702 $ 74,892 $ 66,007 $ 219,702 (1) Included on the condensed consolidated balance sheets within Additional paid-in capital, net of $2 million , $2 million , and $4 million for the 2018 Notes, 2020 Notes, and 2022 Notes, respectively, in equity issuance costs. As of April 30, 2018, the 2018 Notes, 2020 Notes, and 2022 Notes have remaining lives of approximately 2 months , 26 months , and 53 months , respectively. The 2018 Notes were convertible beginning on March 15, 2018 and are classified as current liabilities on the condensed consolidated balance sheets as they are due within one year. As of the date of this filing, the note holders of the 2018 Notes have not submitted requests for conversion. For more than 20 trading days during the 30 consecutive trading days ended April 30, 2018, the last reported sale price of our Class A common stock exceeded 130% of the conversion price of the 2020 Notes. As a result, the 2020 Notes are convertible at the option of the holders during the second quarter of fiscal 2019. Accordingly, the 2020 Notes are classified as current on the condensed consolidated balance sheet as of April 30, 2018. As of the date of this filing, the note holders of the 2020 Notes have not submitted requests for conversion. The effective interest rates of the liability components of the 2018 Notes, 2020 Notes, and 2022 Notes are 5.75% , 6.25% , and 4.60% respectively. These interest rates were based on the interest rates of similar liabilities at the time of issuance that did not have associated convertible features. The following table sets forth total interest expense recognized related to the Notes (in thousands): Three Months Ended April 30, 2018 2017 2018 Notes 2020 Notes 2022 Notes 2018 Notes 2020 Notes 2022 Notes Contractual interest expense $ 656 $ 937 $ 719 $ 656 $ 938 $ — Interest cost related to amortization of debt issuance costs 352 168 714 352 168 — Interest cost related to amortization of the debt discount 4,283 2,561 10,061 4,044 2,406 — We capitalized interest costs related to the Notes of $2 million and $1 million for the three months ended April 30, 2018 and 2017 , respectively. Notes Hedges In connection with the issuance of the Notes, we entered into convertible note hedge transactions with respect to our Class A common stock ("Purchased Options"). The Purchased Options relating to the 2018 Notes give us the option to purchase, subject to anti-dilution adjustments substantially identical to those in the 2018 Notes, approximately 4.2 million shares of our Class A common stock for $83.28 per share, exercisable upon conversion of the 2018 Notes. The Purchased Options relating to the 2020 Notes give us the option to purchase, subject to anti-dilution adjustments substantially identical to those in the 2020 Notes, approximately 3.1 million shares of our Class A common stock for $81.74 per share, exercisable upon conversion of the 2020 Notes. The Purchased Options relating to the 2022 Notes give us the option to purchase, subject to anti-dilution adjustments substantially identical to those in the 2022 Notes, approximately 7.8 million shares of our Class A common stock for $147.10 per share, exercisable upon conversion of the 2022 Notes. The Purchased Options will expire in 2018 for the 2018 Notes, in 2020 for the 2020 Notes, and in 2022 for the 2022 Notes, if not exercised earlier. The Purchased Options are intended to offset potential economic dilution to our Class A common stock upon any conversion of the Notes. The Purchased Options are separate transactions and are not part of the terms of the Notes. We paid an aggregate amount of $144 million for the Purchased Options relating to the 2018 Notes and 2020 Notes, and $176 million for the Purchased Options relating to the 2022 Notes. The amount paid for the Purchased Options is included in Additional paid-in capital on the condensed consolidated balance sheets. Warrants In connection with the issuance of the Notes, we also entered into warrant transactions to sell warrants ("Warrants") to acquire, subject to anti-dilution adjustments, up to approximately 4.2 million shares over 60 scheduled trading days beginning in October 2018, 3.1 million shares over 60 scheduled trading days beginning in October 2020, and 7.8 million shares over 60 scheduled trading days beginning in January 2023 of our Class A common stock at an exercise price of $107.96 , $107.96 , and $213.96 per share, respectively. If the Warrants are not exercised on their exercise dates, they will expire. If the market value per share of our Class A common stock exceeds the applicable exercise price of the Warrants, the Warrants will have a dilutive effect on our earnings per share assuming that we are profitable. The Warrants are separate transactions, and are not part of the terms of the Notes or the Purchased Options. We received aggregate proceeds of $93 million from the sale of the Warrants related to the 2018 Notes and the 2020 Notes, and $81 million from the sale of the Warrants related to the 2022 Notes. The proceeds from the sale of the Warrants are recorded in Additional paid-in capital on the condensed consolidated balance sheets. |
Commitments and Contingencies
Commitments and Contingencies | 3 Months Ended |
Apr. 30, 2018 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | Commitments and Contingencies Facility and Computing Infrastructure-related Commitments We have entered into non-cancelable agreements for certain of our offices and data centers with various expiration dates. Certain of our office leases are with an affiliate of our Chairman, David Duffield, who is also a significant stockholder (see Note 17). Our operating lease agreements generally provide for rental payments on a graduated basis and for options to renew, which could increase future minimum lease payments if exercised. This includes payments for office and data center square footage as well as data center power capacity for certain data centers. We generally recognize these expenses on a straight-line basis over the period in which we benefit from the lease. We have accrued for rent expense incurred but not paid. Total rent expense was $23 million and $19 million for the three months ended April 30, 2018 and 2017 , respectively. In January 2014, we entered into a 95 -year lease for a 6.9 -acre parcel of vacant land in Pleasanton, California, under which we paid $2 million for base rent from commencement through December 31, 2020. Annual rent payments of $0.2 million plus increases based on increases in the consumer price index begin on January 1, 2021 and continue through the end of the lease. Additionally, we have entered into non-cancelable agreements with computing infrastructure vendors with various expiration dates. Legal Matters We are a party to various legal proceedings and claims that arise in the ordinary course of business. We make a provision for a liability relating to legal matters when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. These provisions are reviewed at least quarterly and adjusted to reflect the impacts of negotiations, settlements, rulings, advice of legal counsel, and other information and events pertaining to a particular matter. In our opinion, as of April 30, 2018 , there was not at least a reasonable possibility that we had incurred a material loss, or a material loss in excess of a recorded accrual, with respect to such loss contingencies. |
Common Stock and Stockholders'
Common Stock and Stockholders' Equity | 3 Months Ended |
Apr. 30, 2018 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Common Stock and Stockholders' Equity | Common Stock and Stockholders’ Equity Common Stock As of April 30, 2018 , there were 146 million shares of Class A common stock and 69 million shares of Class B common stock outstanding. The rights of the holders of Class A common stock and Class B common stock are identical, except with respect to voting and conversion. Each share of Class A common stock is entitled to one vote per share and each share of Class B common stock is entitled to 10 votes per share. Each share of Class B common stock can be converted into a share of Class A common stock at any time at the option of the holder. Employee Equity Plans Our 2012 Equity Incentive Plan ("EIP") serves as the successor to our 2005 Stock Plan (together with the EIP, the "Stock Plans"). Pursuant to the terms of the EIP, the share reserve increased by 11 million shares in March 2018. As of April 30, 2018 , we had approximately 67 million shares of Class A common stock available for future grants. We also have a 2012 Employee Stock Purchase Plan ("ESPP"). Under the ESPP, eligible employees are granted options to purchase shares at the lower of 85% of the fair market value of the stock at the time of grant or 85% of the fair market value at the time of exercise. Options to purchase shares are granted twice yearly on or about June 1 and December 1 and exercisable on or about the succeeding November 30 and May 31, respectively, of each year. As of April 30, 2018 , approximately 7 million shares of Class A common stock were available for issuance under the ESPP. Restricted Stock Units The Stock Plans provide for the issuance of restricted stock units ("RSUs") to employees and non-employees. RSUs generally vest over four years. A summary of information related to RSU activity during the three months ended April 30, 2018 is as follows: Number of Shares Weighted-Average Grant Date Fair Value Balance as of January 31, 2018 12,819,516 $ 84.77 RSUs granted 4,719,296 125.00 RSUs vested (2,259,472 ) 82.40 RSUs forfeited (230,719 ) 87.67 Balance as of April 30, 2018 15,048,621 $ 97.70 As of April 30, 2018 , there was a total of $1.4 billion in unrecognized compensation cost related to unvested RSUs, which is expected to be recognized over a weighted-average period of approximately 3.1 years. Performance-based Restricted Stock Units During fiscal 2018, 0.4 million shares of performance-based restricted stock units ("PRSUs") were granted to all employees other than executive management and included both service conditions and performance conditions related to company-wide goals. These performance conditions were met and the PRSUs vested on March 15, 2018. During the three months ended April 30, 2018 , we recognized $7 million in compensation cost related to these PRSUs. Stock Options The Stock Plans provide for the issuance of incentive and nonstatutory options to employees and non-employees. Options issued under the Stock Plans generally are exercisable for periods not to exceed 10 years and generally vest over five years. A summary of information related to stock option activity during the three months ended April 30, 2018 is as follows (in millions, except share and per share data): Outstanding Stock Options Weighted- Average Exercise Price Aggregate Intrinsic Value Balance as of January 31, 2018 6,595,486 $ 4.23 $ 763 Stock options granted — — Stock options exercised (516,354 ) 5.03 Stock options canceled — — Balance as of April 30, 2018 6,079,132 $ 4.16 $ 734 Vested and expected to vest as of April 30, 2018 6,079,126 $ 4.16 $ 734 Exercisable as of April 30, 2018 6,078,882 $ 4.16 $ 734 As of April 30, 2018 , the unrecognized compensation cost related to unvested stock options was not material. |
Unearned Revenue and Performanc
Unearned Revenue and Performance Obligations | 3 Months Ended |
Apr. 30, 2018 | |
Revenue from Contract with Customer [Abstract] | |
Unearned Revenue and Performance Obligations | Unearned Revenue and Performance Obligations $487 million and $361 million of subscription services revenue was recognized during the three months ended April 30, 2018 and 2017 , respectively, that was included in the unearned revenue balances at the beginning of the respective periods. Professional services revenue recognized in the same periods from unearned revenue balances at the beginning of the respective periods was not material. Transaction Price Allocated to the Remaining Performance Obligations As of April 30, 2018 , approximately $5.2 billion of revenue is expected to be recognized from remaining performance obligations for subscription contracts. We expect to recognize revenue on approximately two thirds of these remaining performance obligations over the next 24 months , with the balance recognized thereafter. Revenue from remaining performance obligations for professional services contracts as of April 30, 2018 was not material. |
Other Income (Expense), Net
Other Income (Expense), Net | 3 Months Ended |
Apr. 30, 2018 | |
Other Income and Expenses [Abstract] | |
Other Income (Expense), Net | Other Income (Expense), Net Other income (expense), net consisted of the following (in thousands): Three Months Ended April 30, 2018 2017 Interest income $ 12,236 $ 4,029 Interest expense (1) (18,302 ) (6,986 ) Other income (expense) 2,218 1,294 Other income (expense), net $ (3,848 ) $ (1,663 ) (1) Interest expense includes the contractual interest expense related to the 2018 Notes, 2020 Notes, and 2022 Notes and non-cash interest expense related to amortization of the debt discount and debt issuance costs, net of capitalized interest costs (see Note 10). |
Income Taxes
Income Taxes | 3 Months Ended |
Apr. 30, 2018 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | Income Taxes We compute the year-to-date income tax provision by applying the estimated annual effective tax rate to the year-to-date pre-tax income or loss and adjusting for discrete tax items in the period. We reported a tax benefit of $1 million and a tax provision of $2 million for the three months ended April 30, 2018 and 2017 , respectively. The income tax benefit for the three months ended April 30, 2018 was primarily attributable to the application of intra-period tax allocation rules related to gains from comprehensive income and excess tax benefits in certain foreign jurisdictions from share-based compensation. The benefit was partially offset by state taxes and income tax expense in profitable foreign jurisdictions. The income tax provision for the three months ended April 30, 2017 was primarily attributable to state taxes and income tax expense in profitable foreign jurisdictions. We are subject to income tax audits in the U.S. and foreign jurisdictions. We record liabilities related to uncertain tax positions and believe that we have provided adequate reserves for income tax uncertainties in all open tax years. Due to our history of tax losses, all years remain open to tax audit. We periodically evaluate the realizability of our net deferred tax assets based on all available evidence, both positive and negative. The realization of net deferred tax assets is dependent on our ability to generate sufficient future taxable income during periods prior to the expiration of tax attributes to fully utilize these assets. As of April 30, 2018 , we continue to maintain a full valuation allowance on our deferred tax assets except for certain jurisdictions. In December 2017, the SEC staff issued Staff Accounting Bulletin No. 118, Income Tax Accounting Implications of the Tax Cuts and Jobs Act , which allows companies to record provisional amounts for the Tax Act during a measurement period not to extend beyond one year of the enactment date. As of April 30, 2018, we did not have any significant adjustments to our initial assessment performed as of January 31, 2018. We will continue our analysis for all the tax effects of the Tax Act, which are still subject to change during the measurement period, and anticipate further guidance on accounting interpretations from the FASB and application of the Tax Act from the Department of the Treasury. |
Net Loss Per Share
Net Loss Per Share | 3 Months Ended |
Apr. 30, 2018 | |
Earnings Per Share [Abstract] | |
Net Loss Per Share | Net Loss Per Share Basic net loss per share attributable to common stockholders is computed by dividing the net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by giving effect to all potential shares of common stock, including our outstanding stock options, outstanding warrants, common stock related to unvested early exercised stock options, common stock related to unvested restricted stock units and awards and convertible senior notes to the extent dilutive, and common stock issuable pursuant to the ESPP. Basic and diluted net loss per share was the same for each period presented, as the inclusion of all potential common shares outstanding would have been anti-dilutive. The net loss per share attributable to common stockholders is allocated based on the contractual participation rights of the Class A common shares and Class B common shares as if the loss for the period had been distributed. As the liquidation and dividend rights are identical, the net loss attributable to common stockholders is allocated on a proportionate basis. The following table presents the calculation of basic and diluted net loss attributable to common stockholders per share (in thousands, except per share data): Three Months Ended April 30, 2018 2017 Class A Class B Class A Class B Net loss per share, basic and diluted: Numerator: Allocation of distributed net loss $ (50,145 ) $ (24,265 ) $ (40,599 ) $ (23,445 ) Denominator: Weighted-average common shares outstanding 143,579 69,476 129,206 74,612 Basic and diluted net loss per share $ (0.35 ) $ (0.35 ) $ (0.31 ) $ (0.31 ) The anti-dilutive securities excluded from the weighted-average shares used to calculate the diluted net loss per common share were as follows (in thousands): As of April 30, 2018 2017 Outstanding common stock options 6,079 8,468 Shares subject to repurchase — 70 Unvested restricted stock awards, units, and PRSUs 15,051 15,133 Shares related to the convertible senior notes 15,079 7,261 Shares subject to warrants related to the issuance of convertible senior notes 15,079 7,261 Shares issuable pursuant to the ESPP 466 485 51,754 38,678 |
Related Party Transactions
Related Party Transactions | 3 Months Ended |
Apr. 30, 2018 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | Related Party Transactions We lease certain office space from an affiliate of our Chairman, Mr. Duffield, adjacent to our corporate headquarters in Pleasanton, California under various lease agreements. The average term of the agreements is 9 years and the total rent expense under these agreements was $3 million and $2 million for the three months ended April 30, 2018 and 2017 , respectively. |
Geographic Information
Geographic Information | 3 Months Ended |
Apr. 30, 2018 | |
Segment Reporting [Abstract] | |
Geographic Information | Geographic Information Disaggregation of Revenue We sell our subscription contracts and related services in two primary geographical markets: to customers located in the United States, and to customers located outside of the United States. Revenue by geography is generally based on the address of the customer as specified in our master subscription agreement. The following table sets forth revenue by geographic area (in thousands): Three Months Ended April 30, 2018 2017 United States $ 480,082 $ 383,171 Other countries 138,561 96,690 Total $ 618,643 $ 479,861 No single country other than the United States had revenues greater than 10% of total revenues for the three months ended April 30, 2018 and 2017 . No customer individually accounted for more than 10% of our trade and other receivables, net as of April 30, 2018 or January 31, 2018 . Long-Lived Assets We attribute our long-lived assets, which primarily consist of property and equipment, to a country based on the physical location of the assets. The following table sets forth Property and equipment, net by geographic area (in thousands): April 30, 2018 January 31, 2018 United States $ 547,010 $ 479,996 Ireland 51,205 52,904 Other countries 13,078 13,709 Total $ 611,293 $ 546,609 |
Overview and Basis of Present27
Overview and Basis of Presentation (Policies) | 3 Months Ended |
Apr. 30, 2018 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States ("GAAP") and applicable rules and regulations of the Securities and Exchange Commission ("SEC") regarding interim financial reporting. The condensed consolidated financial statements include the results of Workday, Inc. and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. In the opinion of our management, the information contained herein reflects all adjustments necessary for a fair presentation of Workday’s results of operations, financial position, and cash flows. All such adjustments are of a normal, recurring nature. The results of operations for the quarter ended April 30, 2018 shown in this report are not necessarily indicative of results to be expected for the full year ending January 31, 2019 . The unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements in our Annual Report on Form 10-K for the year ended January 31, 2018 , filed with the SEC on March 14, 2018. |
Use of Estimates | Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires us to make certain estimates, judgments, and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the condensed consolidated financial statements as well as the reported amounts of revenues and expenses during the reporting period. These estimates include, but are not limited to, the determination of the period of benefit for deferred commissions, certain assumptions used in the valuation of equity awards, and the fair value of assets acquired and liabilities assumed through business combinations. Actual results could differ from those estimates and such differences could be material to our condensed consolidated financial position and results of operations. |
Segment Information | Segment Information We operate in one operating segment, cloud applications. Operating segments are defined as components of an enterprise where separate financial information is evaluated regularly by the chief operating decision maker, who is our chief executive officer, in deciding how to allocate resources and assessing performance. Our chief operating decision maker allocates resources and assesses performance based upon discrete financial information at the consolidated level. |
Recently Adopted Accounting Pronouncements and Recently Issued Accounting Pronouncements | Recently Adopted Accounting Pronouncements In January 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities (Subtopic 825-10) , which amends various aspects of the recognition, measurement, presentation, and disclosure of financial instruments. As of February 1, 2018, we adopted the applicable provisions of ASU No. 2016-01 as follows: • Marketable equity investments (readily determinable fair values): For our equity investments previously classified as available-for-sale equity investments, we are required to account for changes in fair value of these investments in the condensed consolidated statements of operations. We have applied the modified retrospective transition method upon adoption, resulting in no impact to our condensed consolidated financial statements as of February 1, 2018. • Non-marketable equity investments (no readily determinable fair values): For our equity investments previously classified as cost method investments that do not qualify for the net asset value practical expedient, we are required to measure them at fair value or the measurement alternative. The measurement alternative is defined as cost, less impairment, adjusted for observable price changes from orderly transactions for identical or similar investments of the same issuer. Adjustments resulting from impairment, fair value, or observable price changes are accounted for in the condensed consolidated statements of operations. We adopted the guidance prospectively effective February 1, 2018, and there was no impact to our condensed consolidated financial statements. Going forward, the impact of this new standard could result in volatility in the condensed consolidated statements of operations. In October 2016, the FASB issued ASU No. 2016-16, Intra-Entity Transfers of Assets Other Than Inventory (Topic 740) , which requires entities to recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. Prior to the issuance of this ASU, existing guidance prohibited the recognition of current and deferred income taxes for an intra-entity asset transfer until the asset had been sold to an outside party. We adopted this new standard effective February 1, 2018 using the modified retrospective transition method, resulting in a $0.4 million cumulative-effect adjustment to Accumulated deficit as of February 1, 2018. Recently Issued Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) , which requires the recognition of lease assets and lease liabilities on the balance sheet by lessees for those leases currently classified as operating leases under Accounting Standards Codification Topic 840 Leases. The guidance is effective for our fiscal year beginning February 1, 2019 and should be applied using a modified retrospective approach. Early adoption is permitted. We plan to adopt this new standard in the first quarter of our fiscal 2020. We continue to evaluate the effect of adopting this guidance on our condensed consolidated financial statements and related disclosures. Upon adoption, we will recognize right-of-use assets and operating lease liabilities on our condensed consolidated balance sheets, which will increase our total assets and total liabilities. We are evaluating the accounting, transition, and disclosure requirements of this standard and cannot currently estimate the financial statement impact of adoption. In August 2017, the FASB issued ASU No. 2017-12, Derivatives and Hedging (Topic 815) , to better align an entity’s risk management activities and financial reporting for hedging relationships through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results. The guidance is effective for our fiscal year beginning February 1, 2019 and should be applied using a modified retrospective approach. Early adoption is permitted. We plan to adopt this new standard in the first quarter of our fiscal 2020. We are evaluating the accounting, transition, and disclosure requirements of this standard and cannot currently estimate the financial statement impact of adoption. In February 2018, the FASB issued ASU No. 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income , which provides entities the option to reclassify tax effects stranded in accumulated other comprehensive income as a result of the 2017 Tax Cuts and Jobs Act (the "Tax Act") to retained earnings. The guidance is effective for our fiscal year beginning February 1, 2019 and should be applied either in the period of adoption or retrospectively to each period in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Act is recognized. Early adoption is permitted. We plan to adopt the new standard in the first quarter of our fiscal 2020 and do not expect it to have a material impact on our condensed consolidated financial statements. |
Investments | Marketable equity investments consist of money market funds and are included in Cash and cash equivalents on the condensed consolidated balance sheets. Non-marketable equity investments consist of investments in privately held companies without readily determinable fair values and are included in Other assets on the condensed consolidated balance sheets. We classify our marketable securities as available-for-sale debt securities at the time of purchase and reevaluate such classification as of each balance sheet date. We consider all marketable securities as available for use in current operations, including those with maturity dates beyond one year, and therefore classify these securities as current assets in the accompanying condensed consolidated balance sheets. Marketable securities on the condensed consolidated balance sheets consist of securities with original maturities at the time of purchase greater than three months and the remainder of the securities is included in Cash and cash equivalents. |
Fair Value Measurements | We measure our cash equivalents, marketable securities, and foreign currency derivative contracts at fair value at each reporting period using a fair value hierarchy that requires that we maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s classification within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Three levels of inputs may be used to measure fair value: Level 1 — Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 — Other inputs that are directly or indirectly observable in the marketplace. Level 3 — Unobservable inputs that are supported by little or no market activity. |
Derivatives | Foreign Currency Forward Contracts not Designated as Hedges We also enter into foreign currency forward contracts to hedge a portion of our net outstanding monetary assets and liabilities. These forward contracts are not designated as hedging instruments under applicable accounting guidance, and therefore all changes in the fair value of the forward contracts are recorded in Other income (expense), net on the condensed consolidated statements of operations. These forward contracts are intended to offset the foreign currency gains or losses associated with the underlying monetary assets and liabilities. Cash flows from such forward contracts are classified as operating activities. Our foreign currency contracts are classified within Level 2 of the fair value hierarchy because the valuation inputs are based on quoted prices and market observable data of similar instruments in active markets, such as currency spot and forward rates. Cash Flow Hedges We are exposed to foreign currency fluctuations resulting from customer contracts denominated in foreign currencies. We have a hedging program in which we enter into foreign currency forward contracts related to certain customer contracts. We designate these forward contracts as cash flow hedging instruments as the accounting criteria for such designation have been met. The effective portion of the gains or losses resulting from changes in the fair value of these hedges is recorded in Accumulated other comprehensive income (loss) ("OCI") on the condensed consolidated balance sheets and will be subsequently reclassified to the related revenue line item on the condensed consolidated statements of operations in the same period that the underlying revenues are earned. The changes in value of these contracts resulting from changes in forward points are excluded from the assessment of hedge effectiveness and are recorded as incurred in Other income (expense), net on the condensed consolidated statements of operations. Cash flows from such forward contracts are classified as operating activities. |
Convertible Debt | In accounting for the issuance of the Notes, we separated each of the Notes into liability and equity components. The carrying amounts of the liability components were calculated by measuring the fair value of similar liabilities that do not have associated convertible features. The carrying amount of the equity components representing the conversion option were determined by deducting the fair value of the liability components from the par value of the respective Notes. These differences represent debt discounts that are amortized to interest expense over the respective terms of the Notes using the effective interest rate method. The equity components are not remeasured as long as they continue to meet the conditions for equity classification. In accounting for the issuance costs related to the Notes, we allocated the total amount of issuance costs incurred to liability and equity components based on their relative values. Issuance costs attributable to the liability components are being amortized on a straight-line basis, which approximates the effective interest rate method, to interest expense over the respective terms of the Notes. The issuance costs attributable to the equity components were netted against the respective equity components in Additional paid-in capital. |
Net Loss Per Share | Basic net loss per share attributable to common stockholders is computed by dividing the net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by giving effect to all potential shares of common stock, including our outstanding stock options, outstanding warrants, common stock related to unvested early exercised stock options, common stock related to unvested restricted stock units and awards and convertible senior notes to the extent dilutive, and common stock issuable pursuant to the ESPP. Basic and diluted net loss per share was the same for each period presented, as the inclusion of all potential common shares outstanding would have been anti-dilutive. The net loss per share attributable to common stockholders is allocated based on the contractual participation rights of the Class A common shares and Class B common shares as if the loss for the period had been distributed. As the liquidation and dividend rights are identical, the net loss attributable to common stockholders is allocated on a proportionate basis. |
Investments (Tables)
Investments (Tables) | 3 Months Ended |
Apr. 30, 2018 | |
Investments, Debt and Equity Securities [Abstract] | |
Summary of Marketable Securities | At April 30, 2018 , marketable securities consisted of the following (in thousands): Amortized Cost Unrealized Gains Unrealized Losses Aggregate Fair Value U.S. agency obligations $ 553,880 $ — $ (1,002 ) $ 552,878 U.S. treasury securities 1,391,222 7 (1,428 ) 1,389,801 Corporate bonds 420,352 19 (1,527 ) 418,844 Commercial paper 760,993 — (9 ) 760,984 $ 3,126,447 $ 26 $ (3,966 ) $ 3,122,507 Included in cash and cash equivalents $ 792,889 $ 4 $ (9 ) $ 792,884 Included in marketable securities $ 2,333,558 $ 22 $ (3,957 ) $ 2,329,623 At January 31, 2018 , marketable securities consisted of the following (in thousands): Amortized Cost Unrealized Gains Unrealized Losses Aggregate Fair Value U.S. agency obligations $ 683,551 $ — $ (1,127 ) $ 682,424 U.S. treasury securities 797,977 — (1,142 ) 796,835 Corporate bonds 470,259 16 (1,154 ) 469,121 Commercial paper 602,727 — — 602,727 $ 2,554,514 $ 16 $ (3,423 ) $ 2,551,107 Included in cash and cash equivalents $ 417,613 $ — $ (1 ) $ 417,612 Included in marketable securities $ 2,136,901 $ 16 $ (3,422 ) $ 2,133,495 |
Equity Investments | Equity investments consisted of the following (in thousands): April 30, 2018 January 31, 2018 Marketable equity investments $ 88,571 $ 551,804 Non-marketable equity investments 29,405 28,005 $ 117,976 $ 579,809 |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 3 Months Ended |
Apr. 30, 2018 | |
Fair Value Disclosures [Abstract] | |
Information about Assets that are Measured at Fair Value on a Recurring Basis | The following table presents information about our assets and liabilities that are measured at fair value on a recurring basis and their assigned levels within the valuation hierarchy as of April 30, 2018 (in thousands): Description Level 1 Level 2 Level 3 Total U.S. agency obligations $ — $ 552,878 $ — $ 552,878 U.S. treasury securities 1,389,801 — — 1,389,801 Corporate bonds — 418,844 — 418,844 Commercial paper — 760,984 — 760,984 Money market funds 88,571 — — 88,571 Foreign currency derivative assets — 6,484 — 6,484 Total assets $ 1,478,372 $ 1,739,190 $ — $ 3,217,562 Foreign currency derivative liabilities $ — $ 11,070 $ — $ 11,070 Total liabilities $ — $ 11,070 $ — $ 11,070 The following table presents information about our assets and liabilities that are measured at fair value on a recurring basis and their assigned levels within the valuation hierarchy as of January 31, 2018 (in thousands): Description Level 1 Level 2 Level 3 Total U.S. agency obligations $ — $ 682,424 $ — $ 682,424 U.S. treasury securities 796,835 — — 796,835 Corporate bonds — 469,121 — 469,121 Commercial paper — 602,727 — 602,727 Money market funds 551,804 — — 551,804 Foreign currency derivative assets — 98 — 98 Total assets $ 1,348,639 $ 1,754,370 $ — $ 3,103,009 Foreign currency derivative liabilities $ — $ 32,912 $ — $ 32,912 Total liabilities $ — $ 32,912 $ — $ 32,912 |
Summary of Carrying Amounts and Estimated Fair Values of Financial Instruments | The following table presents the carrying amounts and estimated fair values of our financial instruments that are not recorded at fair value on the condensed consolidated balance sheets (in thousands): April 30, 2018 January 31, 2018 Net Carrying Amount Estimated Fair Value Net Carrying Amount Estimated Fair Value 0.75% Convertible senior notes $ 346,144 $ 520,748 $ 341,509 $ 504,994 1.50% Convertible senior notes 224,107 392,463 221,378 385,550 0.25% Convertible senior notes 939,242 1,247,865 928,467 1,200,577 |
Property and Equipment, Net (Ta
Property and Equipment, Net (Tables) | 3 Months Ended |
Apr. 30, 2018 | |
Property, Plant and Equipment [Abstract] | |
Summary of Property and Equipment, Net | Property and equipment, net consisted of the following (in thousands): April 30, 2018 January 31, 2018 Land $ 9,641 $ 8,451 Buildings 302,542 255,093 Computers, equipment, and software 440,660 411,177 Computers, equipment, and software acquired under capital leases 13,414 13,848 Furniture and fixtures 36,956 34,809 Leasehold improvements 142,343 132,209 Property and equipment, gross (1) 945,556 855,587 Less accumulated depreciation and amortization (334,263 ) (308,978 ) Property and equipment, net $ 611,293 $ 546,609 (1) Property and equipment, gross includes construction-in-progress for owned real estate projects of $199 million and $177 million that have not yet been placed in service as of April 30, 2018 and January 31, 2018 , respectively. |
Acquisition-related Intangibl31
Acquisition-related Intangible Assets, Net (Tables) | 3 Months Ended |
Apr. 30, 2018 | |
Acquired Finite-Lived Intangible Assets [Line Items] | |
Schedule of Acquired Assets | Acquisition-related intangible assets, net consisted of the following (in thousands): April 30, 2018 January 31, 2018 Acquired developed technology $ 69,700 $ 69,700 Customer relationship assets 1,000 1,000 70,700 70,700 Less accumulated amortization (41,554 ) (36,466 ) Acquisition-related intangible assets, net $ 29,146 $ 34,234 |
Developed technology and customer relationships | |
Acquired Finite-Lived Intangible Assets [Line Items] | |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | As of April 30, 2018 , our future estimated amortization expense related to acquired developed technology and customer relationship assets is as follows (in thousands): Fiscal Period: 2019 $ 14,998 2020 11,481 2021 1,517 2022 1,150 Total $ 29,146 |
Other Assets (Tables)
Other Assets (Tables) | 3 Months Ended |
Apr. 30, 2018 | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
Schedule of Other Assets | Other assets consisted of the following (in thousands): April 30, 2018 January 31, 2018 Non-marketable equity and other investments $ 31,605 $ 29,205 Prepayments for computing infrastructure platform 11,403 13,588 Technology patents, net 10,790 11,217 Acquired land leasehold interest, net 9,544 9,570 Deposits 4,731 4,492 Net deferred tax assets 2,097 1,884 Other 40,768 39,762 Total $ 110,938 $ 109,718 |
Derivative Instruments (Tables)
Derivative Instruments (Tables) | 3 Months Ended |
Apr. 30, 2018 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The fair values of outstanding derivative instruments were as follows (in thousands): Condensed Consolidated Balance Sheets Location April 30, 2018 January 31, 2018 Derivative Assets: Foreign currency forward contracts designated as cash flow hedges Prepaid expenses and other current assets $ 3,601 $ 15 Foreign currency forward contracts designated as cash flow hedges Other assets 2,318 4 Foreign currency forward contracts not designated as hedges Prepaid expenses and other current assets 565 79 Total Derivative Assets $ 6,484 $ 98 Derivative Liabilities: Foreign currency forward contracts designated as cash flow hedges Accrued expenses and other current liabilities $ 6,090 $ 18,355 Foreign currency forward contracts designated as cash flow hedges Other liabilities 3,500 11,650 Foreign currency forward contracts not designated as hedges Accrued expenses and other current liabilities 1,345 2,805 Foreign currency forward contracts not designated as hedges Other liabilities 135 102 Total Derivative Liabilities $ 11,070 $ 32,912 |
Derivative Instruments, Gain (Loss) | Gains (losses) associated with foreign currency forward contracts designated as cash flow hedges were as follows (in thousands): Condensed Consolidated Statements of Operations and Statements of Comprehensive Loss Locations Three Months Ended April 30, 2018 2017 Gains (losses) recognized in OCI (effective portion) (1) Net change in market value of effective foreign currency forward exchange contracts $ 18,274 $ (975 ) Gains (losses) reclassified from OCI into income (effective portion) Revenues (1,117 ) 234 Gains (losses) recognized in income (amount excluded from effectiveness testing and ineffective portion) Other income (expense), net 2,231 623 (1) Of the total effective portion of foreign currency forward contracts designated as cash flow hedges as of April 30, 2018 , net losses of $9 million are expected to be reclassified out of OCI within the next 12 months. Gains (losses) associated with foreign currency forward contracts not designated as cash flow hedges were as follows (in thousands): Condensed Consolidated Statements of Operations Location Three Months Ended April 30, Derivative Type 2018 2017 Foreign currency forward contracts not designated as hedges Other income (expense), net $ 1,794 $ (6 ) |
Offsetting Assets | As of April 30, 2018 , information related to these offsetting arrangements was as follows (in thousands): Gross Amounts of Recognized Assets Gross Amounts Offset on the Condensed Consolidated Balance Sheets Net Amounts of Assets Presented on the Condensed Consolidated Balance Sheets Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets Net Assets Exposed Financial Instruments Cash Collateral Received Derivative Assets: Counterparty A $ 2,222 $ — $ 2,222 $ (2,222 ) $ — $ — Counterparty B 2,958 — 2,958 (2,958 ) — — Counterparty C 1,304 — 1,304 (1,304 ) — — Total $ 6,484 $ — $ 6,484 $ (6,484 ) $ — $ — |
Offsetting Liabilities | Gross Amounts of Recognized Liabilities Gross Amounts Offset on the Condensed Consolidated Balance Sheets Net Amounts of Liabilities Presented on the Condensed Consolidated Balance Sheets Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets Net Liabilities Exposed Financial Instruments Cash Collateral Pledged Derivative Liabilities: Counterparty A $ 2,939 $ — $ 2,939 $ (2,222 ) $ — $ 717 Counterparty B 6,365 — 6,365 (2,958 ) — 3,407 Counterparty C 1,766 — 1,766 (1,304 ) — 462 Total $ 11,070 $ — $ 11,070 $ (6,484 ) $ — $ 4,586 |
Convertible Senior Notes, Net (
Convertible Senior Notes, Net (Tables) | 3 Months Ended |
Apr. 30, 2018 | |
Debt Disclosure [Abstract] | |
Schedule of Senior Notes | The Notes, net consisted of the following (in thousands): April 30, 2018 January 31, 2018 2018 Notes 2020 Notes 2022 Notes 2018 Notes 2020 Notes 2022 Notes Principal amounts: Principal $ 350,000 $ 250,000 $ 1,150,000 $ 350,000 $ 250,000 $ 1,150,000 Unamortized debt discount (3,567 ) (24,407 ) (198,127 ) (7,850 ) (26,968 ) (208,188 ) Unamortized debt issuance costs (289 ) (1,486 ) (12,631 ) (641 ) (1,654 ) (13,345 ) Net carrying amount $ 346,144 $ 224,107 $ 939,242 $ 341,509 $ 221,378 $ 928,467 Carrying amount of the equity component (1) $ 74,892 $ 66,007 $ 219,702 $ 74,892 $ 66,007 $ 219,702 (1) Included on the condensed consolidated balance sheets within Additional paid-in capital, net of $2 million , $2 million , and $4 million for the 2018 Notes, 2020 Notes, and 2022 Notes, respectively, in equity issuance costs. |
Schedule of Interest Expense Recognized Related to Convertible Senior Notes | The following table sets forth total interest expense recognized related to the Notes (in thousands): Three Months Ended April 30, 2018 2017 2018 Notes 2020 Notes 2022 Notes 2018 Notes 2020 Notes 2022 Notes Contractual interest expense $ 656 $ 937 $ 719 $ 656 $ 938 $ — Interest cost related to amortization of debt issuance costs 352 168 714 352 168 — Interest cost related to amortization of the debt discount 4,283 2,561 10,061 4,044 2,406 — |
Common Stock and Stockholders35
Common Stock and Stockholders' Equity (Tables) | 3 Months Ended |
Apr. 30, 2018 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Summary of Information Related to Restricted Stock Units Activity | A summary of information related to RSU activity during the three months ended April 30, 2018 is as follows: Number of Shares Weighted-Average Grant Date Fair Value Balance as of January 31, 2018 12,819,516 $ 84.77 RSUs granted 4,719,296 125.00 RSUs vested (2,259,472 ) 82.40 RSUs forfeited (230,719 ) 87.67 Balance as of April 30, 2018 15,048,621 $ 97.70 |
Summary of Information Related to Stock Option Activity | A summary of information related to stock option activity during the three months ended April 30, 2018 is as follows (in millions, except share and per share data): Outstanding Stock Options Weighted- Average Exercise Price Aggregate Intrinsic Value Balance as of January 31, 2018 6,595,486 $ 4.23 $ 763 Stock options granted — — Stock options exercised (516,354 ) 5.03 Stock options canceled — — Balance as of April 30, 2018 6,079,132 $ 4.16 $ 734 Vested and expected to vest as of April 30, 2018 6,079,126 $ 4.16 $ 734 Exercisable as of April 30, 2018 6,078,882 $ 4.16 $ 734 |
Other Income (Expense), Net (Ta
Other Income (Expense), Net (Tables) | 3 Months Ended |
Apr. 30, 2018 | |
Other Income and Expenses [Abstract] | |
Other Income (Expense), Net | Other income (expense), net consisted of the following (in thousands): Three Months Ended April 30, 2018 2017 Interest income $ 12,236 $ 4,029 Interest expense (1) (18,302 ) (6,986 ) Other income (expense) 2,218 1,294 Other income (expense), net $ (3,848 ) $ (1,663 ) (1) Interest expense includes the contractual interest expense related to the 2018 Notes, 2020 Notes, and 2022 Notes and non-cash interest expense related to amortization of the debt discount and debt issuance costs, net of capitalized interest costs (see Note 10). |
Net Loss Per Share (Tables)
Net Loss Per Share (Tables) | 3 Months Ended |
Apr. 30, 2018 | |
Earnings Per Share [Abstract] | |
Summary of Calculation of Basic and Diluted Net Loss Per Share | The following table presents the calculation of basic and diluted net loss attributable to common stockholders per share (in thousands, except per share data): Three Months Ended April 30, 2018 2017 Class A Class B Class A Class B Net loss per share, basic and diluted: Numerator: Allocation of distributed net loss $ (50,145 ) $ (24,265 ) $ (40,599 ) $ (23,445 ) Denominator: Weighted-average common shares outstanding 143,579 69,476 129,206 74,612 Basic and diluted net loss per share $ (0.35 ) $ (0.35 ) $ (0.31 ) $ (0.31 ) |
Shares Excluded from Diluted Loss Per Share | The anti-dilutive securities excluded from the weighted-average shares used to calculate the diluted net loss per common share were as follows (in thousands): As of April 30, 2018 2017 Outstanding common stock options 6,079 8,468 Shares subject to repurchase — 70 Unvested restricted stock awards, units, and PRSUs 15,051 15,133 Shares related to the convertible senior notes 15,079 7,261 Shares subject to warrants related to the issuance of convertible senior notes 15,079 7,261 Shares issuable pursuant to the ESPP 466 485 51,754 38,678 |
Geographic Information (Tables)
Geographic Information (Tables) | 3 Months Ended |
Apr. 30, 2018 | |
Segment Reporting [Abstract] | |
Summary of Revenues by Geographic Area | The following table sets forth revenue by geographic area (in thousands): Three Months Ended April 30, 2018 2017 United States $ 480,082 $ 383,171 Other countries 138,561 96,690 Total $ 618,643 $ 479,861 |
Long-lived Assets by Geographic Areas | The following table sets forth Property and equipment, net by geographic area (in thousands): April 30, 2018 January 31, 2018 United States $ 547,010 $ 479,996 Ireland 51,205 52,904 Other countries 13,078 13,709 Total $ 611,293 $ 546,609 |
Overview and Basis of Present39
Overview and Basis of Presentation (Detail) | 3 Months Ended |
Apr. 30, 2018segment | |
Accounting Policies [Abstract] | |
Number of operating segments | 1 |
Accounting Standards - Recently
Accounting Standards - Recently Adopted Accounting Pronouncements (Details) $ in Millions | Feb. 01, 2018USD ($) |
Retained Earnings | Accounting Standards Update 2016-16 | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |
Cumulative effect of new accounting principle in period of adoption | $ 0.4 |
Investments - Summary of Market
Investments - Summary of Marketable Securities (Detail) - USD ($) $ in Thousands | Apr. 30, 2018 | Jan. 31, 2018 |
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | $ 3,126,447 | $ 2,554,514 |
Unrealized Gains | 26 | 16 |
Unrealized Losses | (3,966) | (3,423) |
Aggregate Fair Value | 3,122,507 | 2,551,107 |
U.S. agency obligations | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 553,880 | 683,551 |
Unrealized Gains | 0 | 0 |
Unrealized Losses | (1,002) | (1,127) |
Aggregate Fair Value | 552,878 | 682,424 |
U.S. treasury securities | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 1,391,222 | 797,977 |
Unrealized Gains | 7 | 0 |
Unrealized Losses | (1,428) | (1,142) |
Aggregate Fair Value | 1,389,801 | 796,835 |
Corporate bonds | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 420,352 | 470,259 |
Unrealized Gains | 19 | 16 |
Unrealized Losses | (1,527) | (1,154) |
Aggregate Fair Value | 418,844 | 469,121 |
Commercial paper | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 760,993 | 602,727 |
Unrealized Gains | 0 | 0 |
Unrealized Losses | (9) | 0 |
Aggregate Fair Value | 760,984 | 602,727 |
Included in cash and cash equivalents | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 792,889 | 417,613 |
Unrealized Gains | 4 | 0 |
Unrealized Losses | (9) | (1) |
Aggregate Fair Value | 792,884 | 417,612 |
Included in marketable securities | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 2,333,558 | 2,136,901 |
Unrealized Gains | 22 | 16 |
Unrealized Losses | (3,957) | (3,422) |
Aggregate Fair Value | $ 2,329,623 | $ 2,133,495 |
Investments (Detail)
Investments (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Apr. 30, 2018 | Apr. 30, 2017 | |
Investments, Debt and Equity Securities [Abstract] | ||
Proceeds of sale of marketable securities | $ 27,359 | $ 9,074 |
Investments - Equity Investment
Investments - Equity Investments (Details) - USD ($) $ in Thousands | Apr. 30, 2018 | Jan. 31, 2018 |
Investments, Debt and Equity Securities [Abstract] | ||
Marketable equity investments | $ 88,571 | $ 551,804 |
Equity investments | 29,405 | 28,005 |
Marketable and Non-Marketable Equity Investments | $ 117,976 | $ 579,809 |
Fair Value Measurements - Infor
Fair Value Measurements - Information about Assets that are Measured at Fair Value on a Recurring Basis (Detail) - Recurring - USD ($) $ in Thousands | Apr. 30, 2018 | Jan. 31, 2018 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets | $ 3,217,562 | $ 3,103,009 |
Total liabilities | 11,070 | 32,912 |
U.S. agency obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets | 552,878 | 682,424 |
U.S. treasury securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets | 1,389,801 | 796,835 |
Corporate bonds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets | 418,844 | 469,121 |
Commercial paper | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets | 760,984 | 602,727 |
Money market funds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets | 88,571 | 551,804 |
Foreign currency derivative assets | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets | 6,484 | 98 |
Foreign currency derivative liabilities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total liabilities | 11,070 | 32,912 |
Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets | 1,478,372 | 1,348,639 |
Total liabilities | 0 | 0 |
Level 1 | U.S. agency obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets | 0 | 0 |
Level 1 | U.S. treasury securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets | 1,389,801 | 796,835 |
Level 1 | Corporate bonds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets | 0 | 0 |
Level 1 | Commercial paper | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets | 0 | 0 |
Level 1 | Money market funds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets | 88,571 | 551,804 |
Level 1 | Foreign currency derivative assets | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets | 0 | 0 |
Level 1 | Foreign currency derivative liabilities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total liabilities | 0 | 0 |
Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets | 1,739,190 | 1,754,370 |
Total liabilities | 11,070 | 32,912 |
Level 2 | U.S. agency obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets | 552,878 | 682,424 |
Level 2 | U.S. treasury securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets | 0 | 0 |
Level 2 | Corporate bonds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets | 418,844 | 469,121 |
Level 2 | Commercial paper | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets | 760,984 | 602,727 |
Level 2 | Money market funds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets | 0 | 0 |
Level 2 | Foreign currency derivative assets | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets | 6,484 | 98 |
Level 2 | Foreign currency derivative liabilities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total liabilities | 11,070 | 32,912 |
Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets | 0 | 0 |
Total liabilities | 0 | 0 |
Level 3 | U.S. agency obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets | 0 | 0 |
Level 3 | U.S. treasury securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets | 0 | 0 |
Level 3 | Corporate bonds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets | 0 | 0 |
Level 3 | Commercial paper | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets | 0 | 0 |
Level 3 | Money market funds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets | 0 | 0 |
Level 3 | Foreign currency derivative assets | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets | 0 | 0 |
Level 3 | Foreign currency derivative liabilities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total liabilities | $ 0 | $ 0 |
Fair Value Measurements - Summa
Fair Value Measurements - Summary of Carrying Amounts and Estimated Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands | Apr. 30, 2018 | Jan. 31, 2018 | Sep. 30, 2017 | Jun. 30, 2013 |
0.75% Convertible senior notes | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Net Carrying Amount | $ 346,144 | $ 341,509 | ||
Estimated Fair Value | $ 520,748 | 504,994 | ||
Contractual interest rate | 0.75% | 0.75% | ||
1.50% Convertible senior notes | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Net Carrying Amount | $ 224,107 | 221,378 | ||
Estimated Fair Value | $ 392,463 | 385,550 | ||
Contractual interest rate | 1.50% | 1.50% | ||
0.25% Convertible senior notes | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Net Carrying Amount | $ 939,242 | 928,467 | ||
Estimated Fair Value | $ 1,247,865 | $ 1,200,577 | ||
Contractual interest rate | 0.25% | 0.25% |
Fair Value Measurements - Narra
Fair Value Measurements - Narrative (Detail) - USD ($) | 3 Months Ended | |||
Apr. 30, 2018 | Jan. 31, 2018 | Sep. 30, 2017 | Jun. 30, 2013 | |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Closing price of company's common stock, dollars per share | $ 124.84 | |||
0.75% Convertible senior notes | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Convertible senior notes, principal amount | $ 350,000,000 | $ 350,000,000 | $ 350,000,000 | |
Contractual interest rate | 0.75% | 0.75% | ||
If-converted value in excess of principal | $ 175,000,000 | |||
1.50% Convertible senior notes | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Convertible senior notes, principal amount | $ 250,000,000 | $ 250,000,000 | $ 250,000,000 | |
Contractual interest rate | 1.50% | 1.50% | ||
If-converted value in excess of principal | $ 132,000,000 | |||
0.25% Convertible senior notes | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Convertible senior notes, principal amount | $ 1,150,000,000 | |||
Contractual interest rate | 0.25% | 0.25% | ||
If-converted value less than principal | $ 174,000,000 |
Deferred Costs (Detail)
Deferred Costs (Detail) - USD ($) $ in Thousands | 3 Months Ended | ||
Apr. 30, 2018 | Apr. 30, 2017 | Jan. 31, 2018 | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |||
Deferred sales commissions | $ 200,000 | $ 204,000 | |
Amortization of deferred costs | $ 16,360 | $ 13,637 |
Property and Equipment, Net - S
Property and Equipment, Net - Summary of Property and Equipment (Detail) - USD ($) $ in Thousands | Apr. 30, 2018 | Jan. 31, 2018 |
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | $ 945,556 | $ 855,587 |
Less accumulated depreciation and amortization | (334,263) | (308,978) |
Property and equipment, net | 611,293 | 546,609 |
Land | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | 9,641 | 8,451 |
Buildings | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | 302,542 | 255,093 |
Computers, equipment, and software | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | 440,660 | 411,177 |
Computers, equipment, and software acquired under capital leases | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | 13,414 | 13,848 |
Furniture and fixtures | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | 36,956 | 34,809 |
Leasehold improvements | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | 142,343 | 132,209 |
Construction in Progress Related to Owned Real Estate Projects | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | $ 199,000 | $ 177,000 |
Property and Equipment, Net (De
Property and Equipment, Net (Detail) - USD ($) $ in Millions | 3 Months Ended | |
Apr. 30, 2018 | Apr. 30, 2017 | |
Property, Plant and Equipment [Abstract] | ||
Depreciation expense | $ 33 | $ 27 |
Interest costs capitalized to property and equipment | $ 2 | $ 1 |
Acquisition-related Intangibl50
Acquisition-related Intangible Assets, Net - Schedule of Acquired Assets (Detail) - USD ($) $ in Thousands | 3 Months Ended | ||
Apr. 30, 2018 | Apr. 30, 2017 | Jan. 31, 2018 | |
Finite-Lived Intangible Assets [Line Items] | |||
Intangible assets, gross | $ 70,700 | $ 70,700 | |
Less accumulated amortization | (41,554) | (36,466) | |
Acquisition-related intangible assets, net | 29,146 | 34,234 | |
Acquired developed technology | |||
Finite-Lived Intangible Assets [Line Items] | |||
Intangible assets, gross | 69,700 | 69,700 | |
Customer relationship assets | |||
Finite-Lived Intangible Assets [Line Items] | |||
Intangible assets, gross | 1,000 | $ 1,000 | |
Developed technology and customer relationships | |||
Finite-Lived Intangible Assets [Line Items] | |||
Amortization of intangible assets | $ 5,000 | $ 5,000 |
Acquisition-related Intangibl51
Acquisition-related Intangible Assets, Net - Schedule of Future Amortization Expense (Detail) - USD ($) $ in Thousands | Apr. 30, 2018 | Jan. 31, 2018 |
Finite-Lived Intangible Assets, Net, Amortization Expense, Rolling Maturity [Abstract] | ||
Total | $ 10,790 | $ 11,217 |
Acquired developed technology and customer relationship assets | ||
Finite-Lived Intangible Assets, Net, Amortization Expense, Rolling Maturity [Abstract] | ||
2,019 | 14,998 | |
2,020 | 11,481 | |
2,021 | 1,517 | |
2,022 | 1,150 | |
Total | $ 29,146 |
Other Assets - Schedule of Othe
Other Assets - Schedule of Other Assets (Detail) - USD ($) $ in Thousands | Apr. 30, 2018 | Jan. 31, 2018 | Jan. 31, 2014 |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |||
Non-marketable equity and other investments | $ 31,605 | $ 29,205 | |
Prepayments for computing infrastructure platform | 11,403 | 13,588 | $ 2,000 |
Technology patents, net | 10,790 | 11,217 | |
Acquired land leasehold interest, net | 9,544 | 9,570 | |
Deposits | 4,731 | 4,492 | |
Net deferred tax assets | 2,097 | 1,884 | |
Other | 40,768 | 39,762 | |
Total | $ 110,938 | $ 109,718 |
Derivative Instruments (Detail)
Derivative Instruments (Detail) - Forward Contracts - USD ($) $ in Millions | 3 Months Ended | |
Apr. 30, 2018 | Jan. 31, 2018 | |
Designated as Hedging Instrument | ||
Derivative [Line Items] | ||
Derivative, notional amount | $ 639 | $ 549 |
Designated as Hedging Instrument | Maximum | ||
Derivative [Line Items] | ||
Derivative, remaining maturity | 36 months | |
Not Designated as Hedging Instrument | ||
Derivative [Line Items] | ||
Derivative, notional amount | $ 135 | $ 75 |
Derivative Instruments - Fair V
Derivative Instruments - Fair Values of Outstanding Derivative Instruments (Detail) - USD ($) $ in Thousands | Apr. 30, 2018 | Jan. 31, 2018 |
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | $ 6,484 | $ 98 |
Derivative Liabilities | 11,070 | 32,912 |
Forward Contracts | Designated as Hedging Instrument | Prepaid expenses and other current assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 3,601 | 15 |
Forward Contracts | Designated as Hedging Instrument | Other assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 2,318 | 4 |
Forward Contracts | Designated as Hedging Instrument | Accrued expenses and other current liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Liabilities | 6,090 | 18,355 |
Forward Contracts | Designated as Hedging Instrument | Other liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Liabilities | 3,500 | 11,650 |
Forward Contracts | Not Designated as Hedging Instrument | Prepaid expenses and other current assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | 565 | 79 |
Forward Contracts | Not Designated as Hedging Instrument | Accrued expenses and other current liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Liabilities | 1,345 | 2,805 |
Forward Contracts | Not Designated as Hedging Instrument | Other liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Liabilities | $ 135 | $ 102 |
Derivative Instruments - Gains
Derivative Instruments - Gains (losses) Associated with Foreign Currency Forward Contracts (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Apr. 30, 2018 | Apr. 30, 2017 | |
Derivative Instruments, Gain (Loss) [Line Items] | ||
Derivative instruments, gain (loss) expected to be reclassified from accumulated OCI within the next 12 months | $ (9,000) | |
Other income (expense), net | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Foreign currency forward contracts not designated as hedges | 1,794 | $ (6) |
Designated as Hedging Instrument | Revenues | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gains (losses) reclassified from OCI into income (effective portion) | (1,117) | 234 |
Designated as Hedging Instrument | Other income (expense), net | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gains (losses) recognized in income (amount excluded from effectiveness testing and ineffective portion) | 2,231 | 623 |
Designated as Hedging Instrument | Net change in market value of effective foreign currency forward exchange contracts | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gains (losses) recognized in OCI (effective portion) | $ 18,274 | $ (975) |
Derivative Instruments - Offset
Derivative Instruments - Offsetting Assets (Detail) - USD ($) $ in Thousands | Apr. 30, 2018 | Jan. 31, 2018 |
Offsetting Assets [Line Items] | ||
Gross Amounts of Recognized Assets | $ 6,484 | $ 98 |
Gross Amounts Offset on the Condensed Consolidated Balance Sheets | 0 | |
Net Amounts of Assets Presented in the Condensed Consolidated Balance Sheets | 6,484 | |
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Financial Instruments | (6,484) | |
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Cash Collateral Received | 0 | |
Net Assets Exposed | 0 | |
Counterparty A | ||
Offsetting Assets [Line Items] | ||
Gross Amounts of Recognized Assets | 2,222 | |
Gross Amounts Offset on the Condensed Consolidated Balance Sheets | 0 | |
Net Amounts of Assets Presented in the Condensed Consolidated Balance Sheets | 2,222 | |
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Financial Instruments | (2,222) | |
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Cash Collateral Received | 0 | |
Net Assets Exposed | 0 | |
Counterparty B | ||
Offsetting Assets [Line Items] | ||
Gross Amounts of Recognized Assets | 2,958 | |
Gross Amounts Offset on the Condensed Consolidated Balance Sheets | 0 | |
Net Amounts of Assets Presented in the Condensed Consolidated Balance Sheets | 2,958 | |
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Financial Instruments | (2,958) | |
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Cash Collateral Received | 0 | |
Net Assets Exposed | 0 | |
Counterparty C | ||
Offsetting Assets [Line Items] | ||
Gross Amounts of Recognized Assets | 1,304 | |
Gross Amounts Offset on the Condensed Consolidated Balance Sheets | 0 | |
Net Amounts of Assets Presented in the Condensed Consolidated Balance Sheets | 1,304 | |
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Financial Instruments | (1,304) | |
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Cash Collateral Received | 0 | |
Net Assets Exposed | $ 0 |
Derivative Instruments - Offs57
Derivative Instruments - Offsetting Liabilities (Detail) - USD ($) $ in Thousands | Apr. 30, 2018 | Jan. 31, 2018 |
Offsetting Liabilities [Line Items] | ||
Gross Amounts of Recognized Liabilities | $ 11,070 | $ 32,912 |
Gross Amounts Offset in the Condensed Consolidated Balance Sheets | 0 | |
Net Amounts of Liabilities Presented in the Condensed Consolidated Balance Sheets | 11,070 | |
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Financial Instruments | (6,484) | |
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Cash Collateral Pledged | 0 | |
Net Liabilities Exposed | 4,586 | |
Counterparty A | ||
Offsetting Liabilities [Line Items] | ||
Gross Amounts of Recognized Liabilities | 2,939 | |
Gross Amounts Offset in the Condensed Consolidated Balance Sheets | 0 | |
Net Amounts of Liabilities Presented in the Condensed Consolidated Balance Sheets | 2,939 | |
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Financial Instruments | (2,222) | |
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Cash Collateral Pledged | 0 | |
Net Liabilities Exposed | 717 | |
Counterparty B | ||
Offsetting Liabilities [Line Items] | ||
Gross Amounts of Recognized Liabilities | 6,365 | |
Gross Amounts Offset in the Condensed Consolidated Balance Sheets | 0 | |
Net Amounts of Liabilities Presented in the Condensed Consolidated Balance Sheets | 6,365 | |
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Financial Instruments | (2,958) | |
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Cash Collateral Pledged | 0 | |
Net Liabilities Exposed | 3,407 | |
Counterparty C | ||
Offsetting Liabilities [Line Items] | ||
Gross Amounts of Recognized Liabilities | 1,766 | |
Gross Amounts Offset in the Condensed Consolidated Balance Sheets | 0 | |
Net Amounts of Liabilities Presented in the Condensed Consolidated Balance Sheets | 1,766 | |
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Financial Instruments | (1,304) | |
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Cash Collateral Pledged | 0 | |
Net Liabilities Exposed | $ 462 |
Convertible Senior Notes, Net58
Convertible Senior Notes, Net (Detail) $ / shares in Units, shares in Millions | 3 Months Ended | ||||
Apr. 30, 2018USD ($)daytrading_day$ / sharesshares | Apr. 30, 2017USD ($) | Jan. 31, 2018USD ($) | Sep. 30, 2017USD ($) | Jun. 30, 2013USD ($) | |
Debt Instrument [Line Items] | |||||
Threshold consecutive trading days | trading_day | 30 | ||||
Number of days out of 30 that common stock price exceeded conversion price (in days) | day | 20 | ||||
Capitalized interest costs | $ 2,000,000 | $ 1,000,000 | |||
2018 Notes | |||||
Debt Instrument [Line Items] | |||||
Contractual interest rate | 0.75% | 0.75% | |||
Convertible senior notes, principal amount | $ 350,000,000 | $ 350,000,000 | $ 350,000,000 | ||
Liability issuance costs | 7,000,000 | ||||
Equity issuance costs | 2,000,000 | ||||
Amortization expense for liability issuance costs | $ 352,000 | 352,000 | |||
Remaining life of the Notes | 2 months | ||||
Effective interest rates of the liability components | 5.75% | ||||
2020 Notes | |||||
Debt Instrument [Line Items] | |||||
Contractual interest rate | 1.50% | 1.50% | |||
Convertible senior notes, principal amount | $ 250,000,000 | $ 250,000,000 | $ 250,000,000 | ||
Threshold percentage of conversion price | 130.00% | ||||
Liability issuance costs | $ 5,000,000 | ||||
Equity issuance costs | 2,000,000 | ||||
Amortization expense for liability issuance costs | $ 168,000 | 168,000 | |||
Remaining life of the Notes | 26 months | ||||
Effective interest rates of the liability components | 6.25% | ||||
2022 Notes | |||||
Debt Instrument [Line Items] | |||||
Contractual interest rate | 0.25% | 0.25% | |||
Convertible senior notes, principal amount | $ 1,150,000,000 | ||||
Liability issuance costs | $ 14,000,000 | ||||
Equity issuance costs | 4,000,000 | ||||
Amortization expense for liability issuance costs | $ 714,000 | $ 0 | |||
Remaining life of the Notes | 53 months | ||||
Effective interest rates of the liability components | 4.60% | ||||
Aggregate amount for purchased options | $ 176,000,000 | ||||
Proceeds from sale of warrants | $ 81,000,000 | ||||
Shares related to the convertible senior notes | |||||
Debt Instrument [Line Items] | |||||
Repurchase of notes percentage | 100.00% | ||||
Warrants expires in October 2018 | |||||
Debt Instrument [Line Items] | |||||
Shares covered by each purchased options or warrants (in shares) | shares | 4.2 | ||||
Number of trading days over | 60 days | ||||
Exercise price of warrants (in dollars per share) | $ / shares | $ 107.96 | ||||
Warrants expires in October 2020 | |||||
Debt Instrument [Line Items] | |||||
Shares covered by each purchased options or warrants (in shares) | shares | 3.1 | ||||
Number of trading days over | 60 days | ||||
Exercise price of warrants (in dollars per share) | $ / shares | $ 107.96 | ||||
Warrants Expires In January 2023 | |||||
Debt Instrument [Line Items] | |||||
Shares covered by each purchased options or warrants (in shares) | shares | 7.8 | ||||
Number of trading days over | 60 days | ||||
Exercise price of warrants (in dollars per share) | $ / shares | $ 213.96 | ||||
2018 and 2020 Notes | |||||
Debt Instrument [Line Items] | |||||
Aggregate amount for purchased options | $ 144,000,000 | ||||
Proceeds from sale of warrants | $ 93,000,000 | ||||
Class A | 2018 Notes | |||||
Debt Instrument [Line Items] | |||||
Initial conversion rate | 12.0075 | ||||
Principal amount converted into Class A Common Stock | $ 1,000 | ||||
Initial conversion price (in dollars per share) | $ / shares | $ 83.28 | ||||
Debt conversion, shares issued | shares | 4.2 | ||||
Class A | 2020 Notes | |||||
Debt Instrument [Line Items] | |||||
Initial conversion rate | 12.2340 | ||||
Principal amount converted into Class A Common Stock | $ 1,000 | ||||
Initial conversion price (in dollars per share) | $ / shares | $ 81.74 | ||||
Debt conversion, shares issued | shares | 3.1 | ||||
Class A | 2022 Notes | |||||
Debt Instrument [Line Items] | |||||
Initial conversion rate | 6.7982 | ||||
Principal amount converted into Class A Common Stock | $ 1,000 | ||||
Initial conversion price (in dollars per share) | $ / shares | $ 147.10 | ||||
Debt conversion, shares issued | shares | 7.8 | ||||
Debt Conversion, Option One | Shares related to the convertible senior notes | |||||
Debt Instrument [Line Items] | |||||
Threshold trading days (in trading days) | trading_day | 20 | ||||
Threshold consecutive trading days | trading_day | 30 | ||||
Threshold percentage of conversion price | 130.00% | ||||
Debt Conversion, Option Two | Shares related to the convertible senior notes | |||||
Debt Instrument [Line Items] | |||||
Threshold trading days (in trading days) | trading_day | 5 | ||||
Debt Conversion, Option Two | Shares related to the convertible senior notes | Maximum | |||||
Debt Instrument [Line Items] | |||||
Threshold percentage of conversion price | 98.00% |
Convertible Senior Notes, Net -
Convertible Senior Notes, Net - Schedule of Senior Notes (Detail) - USD ($) | 3 Months Ended | |||
Apr. 30, 2018 | Apr. 30, 2017 | Jan. 31, 2018 | Jun. 30, 2013 | |
Convertible Debt [Abstract] | ||||
Net carrying amount, current | $ 570,251,000 | $ 341,509,000 | ||
Net carrying amount, non-current | 939,242,000 | 1,149,845,000 | ||
2018 Notes | ||||
Debt Instrument [Line Items] | ||||
Contractual interest expense | 656,000 | $ 656,000 | ||
Convertible Debt [Abstract] | ||||
Principal | 350,000,000 | 350,000,000 | $ 350,000,000 | |
Unamortized debt discount | (3,567,000) | (7,850,000) | ||
Unamortized debt issuance costs | (289,000) | (641,000) | ||
Net carrying amount, current | 346,144,000 | 341,509,000 | ||
Carrying amount of the equity component | 74,892,000 | 74,892,000 | ||
Equity issuance costs | 2,000,000 | |||
2020 Notes | ||||
Debt Instrument [Line Items] | ||||
Contractual interest expense | 937,000 | $ 938,000 | ||
Convertible Debt [Abstract] | ||||
Principal | 250,000,000 | 250,000,000 | $ 250,000,000 | |
Unamortized debt discount | (24,407,000) | (26,968,000) | ||
Unamortized debt issuance costs | (1,486,000) | (1,654,000) | ||
Net carrying amount, current | 224,107,000 | |||
Net carrying amount, non-current | 221,378,000 | |||
Carrying amount of the equity component | 66,007,000 | 66,007,000 | ||
Equity issuance costs | 2,000,000 | |||
2022 Notes | ||||
Convertible Debt [Abstract] | ||||
Principal | 1,150,000,000 | 1,150,000,000 | ||
Unamortized debt discount | (198,127,000) | (208,188,000) | ||
Unamortized debt issuance costs | (12,631,000) | (13,345,000) | ||
Net carrying amount, non-current | 939,242,000 | 928,467,000 | ||
Carrying amount of the equity component | $ 219,702,000 | $ 219,702,000 |
Convertible Senior Notes, Net60
Convertible Senior Notes, Net - Schedule of Interest Expense Recognized Related to Convertible Senior Notes (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Apr. 30, 2018 | Apr. 30, 2017 | |
2018 Notes | ||
Debt Instrument [Line Items] | ||
Contractual interest expense | $ 656 | $ 656 |
Interest cost related to amortization of debt issuance costs | 352 | 352 |
Interest cost related to amortization of the debt discount | 4,283 | 4,044 |
2020 Notes | ||
Debt Instrument [Line Items] | ||
Contractual interest expense | 937 | 938 |
Interest cost related to amortization of debt issuance costs | 168 | 168 |
Interest cost related to amortization of the debt discount | 2,561 | 2,406 |
2022 Notes | ||
Debt Instrument [Line Items] | ||
Contractual interest expense | 719 | 0 |
Interest cost related to amortization of debt issuance costs | 714 | 0 |
Interest cost related to amortization of the debt discount | $ 10,061 | $ 0 |
Commitments and Contingencies (
Commitments and Contingencies (Detail) $ in Thousands | 1 Months Ended | 3 Months Ended | ||
Jan. 31, 2014USD ($)a | Apr. 30, 2018USD ($) | Apr. 30, 2017USD ($) | Jan. 31, 2018USD ($) | |
Commitments and Contingencies Disclosure [Abstract] | ||||
Rent expense | $ 23,000 | $ 19,000 | ||
Lease term period | 95 years | |||
Parcel of vacant land (in acres) | a | 6.9 | |||
Prepayments for computing infrastructure platform | $ 2,000 | 11,403 | $ 13,588 | |
Annual rent payments plus increases based on increases in consumer price index | $ 200 |
Common Stock and Stockholders62
Common Stock and Stockholders' Equity - Additional Information (Detail) shares in Millions, $ in Billions | 1 Months Ended | 3 Months Ended |
Mar. 31, 2017shares | Apr. 30, 2018USD ($)vote / sharesshares | |
Stock Options | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Period of which options become exercisable | 10 years | |
Period of vesting | 5 years | |
Restricted Stock Units | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Period of vesting | 4 years | |
Unrecognized compensation cost - other than options | $ | $ 1.4 | |
Unrecognized compensation cost recognized over weighted-average period | 3 years 1 month | |
Class A | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Common stock, outstanding (in shares) | 146 | |
Common stock, votes per share | vote / shares | 1 | |
Class B | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Common stock, outstanding (in shares) | 69 | |
Common stock, votes per share | vote / shares | 10 | |
2012 Equity Incentive Plan | Class A | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Share reserve increased (in shares) | 11 | |
Common stock available for future grants (in shares) | 67 | |
Employee Stock Purchase Plan | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Common stock available for future grants (in shares) | 7 | |
Percentage of fair market value of stock at which employees are granted shares | 85.00% |
Common Stock and Stockholders63
Common Stock and Stockholders' Equity - Restricted Stock Units Activity (Detail) - Restricted Stock Units | 3 Months Ended |
Apr. 30, 2018$ / sharesshares | |
Restricted Stock Units | |
Beginning Balance, Number of Shares | shares | 12,819,516 |
RSUs granted, Number of Shares | shares | 4,719,296 |
RSUs vested, Number of Shares | shares | (2,259,472) |
RSUs forfeited, Number of Shares | shares | (230,719) |
Ending Balance, Number of Shares | shares | 15,048,621 |
Weighted-Average Grant Date Fair Value | |
Beginning Balance (in dollars per share) | $ / shares | $ 84.77 |
RSUs granted (in dollars per share) | $ / shares | 125 |
RSUs vested (in dollars per share) | $ / shares | 82.40 |
RSUs forfeited (in dollars per share) | $ / shares | 87.67 |
Ending Balance (in dollars per share) | $ / shares | $ 97.70 |
Common Stock and Stockholders64
Common Stock and Stockholders' Equity - PRSU's (Detail) - Vesting March 15 2018 - All Other Employees - Performance Based Restricted Stock Unit PRSU shares in Millions, $ in Millions | 3 Months Ended |
Apr. 30, 2018USD ($)shares | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
RSUs granted, number of Shares | shares | 0.4 |
Compensation related cost | $ | $ 7 |
Common Stock and Stockholders65
Common Stock and Stockholders' Equity - Stock Options (Detail) - USD ($) $ / shares in Units, $ in Millions | 3 Months Ended | |
Apr. 30, 2018 | Jan. 31, 2018 | |
Outstanding Stock Options | ||
Beginning Balance (in shares) | 6,595,486 | |
Stock options granted (in shares) | 0 | |
Stock options exercised (in shares) | (516,354) | |
Stock options canceled (in shares) | 0 | |
Ending Balance (in shares) | 6,079,132 | |
Vested and expected to vest (in shares) | 6,079,126 | |
Exercisable (in shares) | 6,078,882 | |
Weighted- Average Exercise Price | ||
Beginning Balance (in dollars per share) | $ 4.23 | |
Stock option grants (in dollars per share) | 0 | |
Stock options exercised (in dollars per share) | 5.03 | |
Stock options canceled (in dollars per share) | 0 | |
Ending Balance (in dollars per share) | 4.16 | |
Vested and expected to vest, Weighted-Average Exercise Price (in dollars per share) | 4.16 | |
Exercisable, Weighted-Average Exercise Price (in dollars per share) | $ 4.16 | |
Aggregate Intrinsic Value (in millions) | $ 734 | $ 763 |
Vested and expected to vest, Aggregate Intrinsic Value | 734 | |
Exercisable, Aggregate Intrinsic Value | $ 734 |
Unearned Revenue and Performa66
Unearned Revenue and Performance Obligations (Details) - USD ($) $ in Millions | 3 Months Ended | |
Apr. 30, 2018 | Apr. 30, 2017 | |
Revenue from Contract with Customer [Abstract] | ||
Subscription revenue recognized that was included in total unearned revenue balance at beginning of period | $ 487 | $ 361 |
Revenue is expected to be recognized from remaining performance obligations for subscription contracts | $ 5,200 | |
Recognition period | 24 months |
Other Income (Expense), Net (De
Other Income (Expense), Net (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Apr. 30, 2018 | Apr. 30, 2017 | |
Other Income and Expenses [Abstract] | ||
Interest income | $ 12,236 | $ 4,029 |
Interest expense | (18,302) | (6,986) |
Other income (expense) | 2,218 | 1,294 |
Other income (expense), net | $ (3,848) | $ (1,663) |
Income Taxes (Detail)
Income Taxes (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Apr. 30, 2018 | Apr. 30, 2017 | |
Income Tax Disclosure [Abstract] | ||
Provision for (benefit from) income taxes | $ (702) | $ 2,181 |
Net Loss Per Share - Summary of
Net Loss Per Share - Summary of Calculation of Basic and Diluted Net Loss Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | |
Apr. 30, 2018 | Apr. 30, 2017 | |
Denominator: | ||
Weighted-average common shares outstanding (in shares) | 213,055 | 203,818 |
Basic and diluted net loss per share (in dollars per share) | $ (0.35) | $ (0.31) |
Class A | ||
Numerator: | ||
Allocation of distributed net loss | $ (50,145) | $ (40,599) |
Denominator: | ||
Weighted-average common shares outstanding (in shares) | 143,579 | 129,206 |
Basic and diluted net loss per share (in dollars per share) | $ (0.35) | $ (0.31) |
Class B | ||
Numerator: | ||
Allocation of distributed net loss | $ (24,265) | $ (23,445) |
Denominator: | ||
Weighted-average common shares outstanding (in shares) | 69,476 | 74,612 |
Basic and diluted net loss per share (in dollars per share) | $ (0.35) | $ (0.31) |
Net Loss Per Share - Summary 70
Net Loss Per Share - Summary of Diluted Net Loss Per Common Share (Detail) - shares shares in Thousands | 3 Months Ended | |
Apr. 30, 2018 | Apr. 30, 2017 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Total anti-dilutive securities (in shares) | 51,754 | 38,678 |
Outstanding common stock options | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Total anti-dilutive securities (in shares) | 6,079 | 8,468 |
Shares subject to repurchase | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Total anti-dilutive securities (in shares) | 0 | 70 |
Unvested restricted stock awards, units, and PRSUs | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Total anti-dilutive securities (in shares) | 15,051 | 15,133 |
Shares related to the convertible senior notes | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Total anti-dilutive securities (in shares) | 15,079 | 7,261 |
Shares subject to warrants related to the issuance of convertible senior notes | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Total anti-dilutive securities (in shares) | 15,079 | 7,261 |
Shares issuable pursuant to the ESPP | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Total anti-dilutive securities (in shares) | 466 | 485 |
Related Party Transactions (Det
Related Party Transactions (Detail) - USD ($) $ in Millions | 1 Months Ended | 3 Months Ended | |
Jan. 31, 2014 | Apr. 30, 2018 | Apr. 30, 2017 | |
Related Party Transaction [Line Items] | |||
Term of agreements (in years) | 95 years | ||
Chairman, Mr. Duffield | |||
Related Party Transaction [Line Items] | |||
Term of agreements (in years) | 9 years | ||
Rent expense | $ 3 | $ 2 |
Geographic Information Summary
Geographic Information Summary of Revenues by Geographic Area (Detail) $ in Thousands | 3 Months Ended | |
Apr. 30, 2018USD ($)market | Apr. 30, 2017USD ($) | |
Disaggregation of Revenue [Line Items] | ||
Number of primary geographical markets | market | 2 | |
Revenue | $ 618,643 | $ 479,861 |
United States | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 480,082 | 383,171 |
Other countries | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | $ 138,561 | $ 96,690 |
Geographic Information - Long-L
Geographic Information - Long-Lived Assets (Details) - USD ($) $ in Thousands | Apr. 30, 2018 | Jan. 31, 2018 |
Revenues from External Customers and Long-Lived Assets [Line Items] | ||
Long-lived assets | $ 611,293 | $ 546,609 |
United States | ||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||
Long-lived assets | 547,010 | 479,996 |
Ireland | ||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||
Long-lived assets | 51,205 | 52,904 |
Other countries | ||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||
Long-lived assets | $ 13,078 | $ 13,709 |