Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Apr. 30, 2023
Jan. 31, 2023
Current Assets:    
Cash and cash equivalents $ 260,719 $ 282,099
Short-term investments 3,646 697
Accounts receivable, net of allowance for credit losses of $1.4 million and $1.3 million, respectively 157,786 188,414
Contract assets, net 58,862 60,444
Inventories 13,553 12,628
Prepaid expenses and other current assets 62,079 75,374
Total current assets 556,645 619,656
Property and equipment, net 61,511 64,810
Operating lease right-of-use assets 35,128 37,649
Goodwill 1,354,761 1,347,213
Intangible assets, net 77,457 85,272
Other assets 152,913 159,001
Total assets 2,238,415 2,313,601
Current Liabilities:    
Accounts payable 33,878 43,631
Accrued expenses and other current liabilities 152,761 155,944
Contract liabilities 254,418 271,476
Total current liabilities 441,057 471,051
Long-term debt 409,672 408,908
Long-term contract liabilities 15,914 18,047
Operating lease liabilities 39,198 40,744
Other liabilities 72,865 80,381
Total liabilities 978,706 1,019,131
Commitments and Contingencies
Temporary Equity:    
Preferred Stock 436,321 436,321
Stockholders' Equity:    
Common stock — $0.001 par value; authorized 240,000,000 shares; issued 64,286,000 and 65,404,000 shares; outstanding 64,286,000 and 65,404,000 shares at April 30, 2023 and January 31, 2023, respectively. 64 65
Additional paid-in capital 1,008,498 1,055,157
Accumulated deficit (42,038) (45,333)
Accumulated other comprehensive loss (145,589) (154,099)
Total Verint Systems Inc. stockholders' equity 820,935 855,790
Noncontrolling interest 2,453 2,359
Total stockholders' equity 823,388 858,149
Total liabilities, temporary equity, and stockholders' equity 2,238,415 2,313,601
Series A Preferred Stock    
Temporary Equity:    
Preferred Stock 200,628 200,628
Series B Preferred Stock    
Temporary Equity:    
Preferred Stock $ 235,693 $ 235,693