Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Apr. 30, 2022
Jan. 31, 2022
Current Assets:    
Cash and cash equivalents $ 285,046 $ 358,805
Short-term investments 745 765
Accounts receivable, net of allowance for credit losses of $1.3 million and $1.3 million, respectively 149,758 193,831
Contract assets, net 37,993 42,688
Inventories 5,225 5,337
Prepaid expenses and other current assets 56,433 53,752
Total current assets 535,200 655,178
Property and equipment, net 61,577 64,090
Operating lease right-of-use assets 32,724 35,433
Goodwill 1,327,444 1,353,421
Intangible assets, net 104,838 118,254
Other assets 139,258 134,729
Total assets 2,201,041 2,361,105
Current Liabilities:    
Accounts payable 35,482 39,501
Accrued expenses and other current liabilities 146,327 168,694
Contract liabilities 258,065 271,271
Total current liabilities 439,874 479,466
Long-term debt 407,402 406,954
Long-term contract liabilities 15,704 15,872
Operating lease liabilities 29,096 28,457
Other liabilities 37,191 39,456
Total liabilities 929,267 970,205
Commitments and Contingencies
Temporary Equity:    
Preferred Stock 436,321 436,321
Stockholders' Equity:    
Common stock — $0.001 par value; authorized 120,000,000 shares. Issued 66,677,000 and 66,211,000 shares; outstanding 64,677,000 and 66,211,000 shares at April 30, 2022 and January 31, 2022, respectively. 67 66
Additional paid-in capital 1,141,162 1,125,152
Treasury stock, at cost — 2,000,000 shares at April 30, 2022; No shares at January 31, 2022. (105,666) 0
Accumulated deficit (54,223) (54,509)
Accumulated other comprehensive loss (148,560) (118,515)
Total Verint Systems Inc. stockholders' equity 832,780 952,194
Noncontrolling interests 2,673 2,385
Total stockholders' equity 835,453 954,579
Total liabilities, temporary equity, and stockholders' equity 2,201,041 2,361,105
Series A Preferred Stock    
Temporary Equity:    
Preferred Stock 200,628 200,628
Series B Preferred Stock    
Temporary Equity:    
Preferred Stock $ 235,693 $ 235,693