Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands |
3 Months Ended |
Apr. 30, 2022 |
Apr. 30, 2021 |
| Cash flows from operating activities: |
|
|
| Net income |
$ 574
|
$ 1,094
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
18,048
|
19,049
|
| Stock-based compensation, excluding cash-settled awards |
18,364
|
16,405
|
| Change in fair value of future tranche right |
0
|
(15,810)
|
| Non-cash losses on derivative financial instruments, net |
0
|
14,374
|
| Losses on early retirements of debt |
0
|
2,474
|
| Other, net |
2,163
|
(2,317)
|
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable |
41,766
|
58,026
|
| Contract assets |
4,024
|
(2,184)
|
| Inventories |
68
|
(350)
|
| Prepaid expenses and other assets |
(8,686)
|
(18,781)
|
| Accounts payable and accrued expenses |
(5,694)
|
(1,510)
|
| Contract liabilities |
(9,645)
|
(15,524)
|
| Deferred income taxes |
(1,074)
|
(16,977)
|
| Other, net |
(5,982)
|
(260)
|
| Net cash provided by operating activities — continuing operations |
53,926
|
37,709
|
| Net cash used in operating activities — discontinued operations |
0
|
(8,007)
|
| Net cash provided by operating activities |
53,926
|
29,702
|
| Cash flows from investing activities: |
|
|
| Purchases of property and equipment |
(5,224)
|
(4,369)
|
| Maturities and sales of investments |
250
|
45,640
|
| Purchases of investments |
(250)
|
0
|
| Cash paid for capitalized software development costs |
(2,003)
|
(1,966)
|
| Change in restricted bank time deposits, and other investing activities, net |
20
|
(32)
|
| Net cash (used in) provided by investing activities |
(7,207)
|
39,273
|
| Cash flows from financing activities: |
|
|
| Proceeds from issuance of preferred stock |
0
|
200,000
|
| Proceeds from borrowings |
0
|
315,000
|
| Repayments of borrowings and other financing obligations |
(775)
|
(310,633)
|
| Purchases of capped calls |
0
|
(40,950)
|
| Payments of debt-related costs |
(93)
|
(9,422)
|
| Purchases of treasury stock and common stock for retirement |
(105,213)
|
(75,014)
|
| Preferred stock dividend payments |
(10,400)
|
(5,200)
|
| Payment for termination of interest rate swap |
0
|
(16,502)
|
| Net cash transferred to Cognyte Software Ltd. |
0
|
(114,657)
|
| Dividend and other settlements received from Cognyte Software Ltd. |
0
|
40,164
|
| Payments of contingent consideration for business combinations (financing portion), and other financing activities |
(1,549)
|
(2,842)
|
| Net cash used in financing activities |
(118,030)
|
(20,056)
|
| Foreign currency effects on cash, cash equivalents, restricted cash, and restricted cash equivalents |
(2,431)
|
218
|
| Net (decrease) increase in cash, cash equivalents, restricted cash, and restricted cash equivalents |
(73,742)
|
49,137
|
| Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of period |
358,868
|
700,133
|
| Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of period |
$ 285,126
|
$ 749,270
|