Company: ZM
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001585521-25-000042
Chunk: 131

Company: Zoom Communications, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 131
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 assessing the results of procedures performed.

/s/ KPMG LLP

We have served as the Company’s auditor since 2016.

San Francisco, California

February 28, 2025

67

Table of Contents

ZOOM COMMUNICATIONS, INC.

CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share data)As of January 31,20252024AssetsCurrent assets:Cash and cash equivalents$1,349,380 $1,558,252 Marketable securities6,442,329 5,404,233 Accounts receivable, net of allowances of $22,078 and $32,371 as of January 31, 2025 and 2024, respectively495,228 536,078 Deferred contract acquisition costs, current188,358 208,474 Prepaid expenses and other current assets200,679 219,182 Total current assets8,675,974 7,926,219 Deferred contract acquisition costs, noncurrent123,464 138,724 Property and equipment, net330,475 293,704 Operating lease right-of-use assets55,900 58,975 Strategic investments591,481 409,222 Goodwill307,295 307,295 Deferred tax assets749,759 662,177 Other assets, noncurrent154,073 133,477 Total assets$10,988,421 $9,929,793 Liabilities and stockholders’ equityCurrent liabilities:Accounts payable$8,345 $10,175 Accrued expenses and other current liabilities558,562 500,164 Deferred revenue, current1,336,387 1,251,848 Total current liabilities1,903,294 1,762,187 Deferred revenue, noncurrent17,274 18,514 Operating lease liabilities, noncurrent37,406 48,308 Other liabilities, noncurrent95,363 81,378 Total liabilities2,053,337 1,910,387 Commitments and contingencies (Note 9)Stockholders’ equity:Common stock, $0.001 par value per share, 2,000,000,000 Class A shares authorized as of January 31, 2025 and 2024; 263,113,866 and 260,896,822 shares issued and outstanding as of January 31, 2025 and 2024,