Company: ZM
Filing Date: 2025-05-23
Form Type: 10-Q
Source: 0001585521-25-000090
Chunk: 252

Company: Zoom Communications, Inc.
Filing Date: 2025-05-23
Form: 10-Q
Item: Part I, Item 1
Chunk 252
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. Our short-term accounts receivable consist of the following:As ofApril 30, 2025January 31, 2025(in thousands)Accounts receivable, gross$500,653 $517,306 Less: allowance for credit losses(18,285)(17,262)Less: allowance for returns(5,126)(4,816)Accounts receivable, net$477,242 $495,228 Below is a rollforward of our allowance for credit losses for the three months ended April 30, 2025 and 2024:20252024 (in thousands)Balance as of January 31$17,262 $25,916 Provision for credit losses5,943 4,533 Write-offs(4,920)(13,438)Balance as of April 30$18,285 $17,011 

15

Prepaid Expenses and Other Current AssetsPrepaid expenses and other current assets consisted of the following:As ofApril 30, 2025January 31, 2025(in thousands)Prepaid expenses$187,070 $166,924 Restricted cash18,025 12,037 Other15,717 21,718 Prepaid expenses and other current assets$220,812 $200,679 Property and Equipment, NetProperty and equipment consisted of the following:As ofApril 30, 2025January 31, 2025(in thousands)Servers$425,988 $427,664 Software133,009 123,259 Computer and office equipment46,647 47,021 Leasehold improvements55,814 54,885 Furniture and fixtures 5,499 5,767 Property and equipment, gross666,957 658,596 Less: accumulated depreciation and amortization(354,746)(328,121)Property and equipment, net$312,211 $330,475 Depreciation and amortization expense was $32.0 million and $23.3 million for the three months ended April 30, 2025 and 2024, respectively.Other Assets, NoncurrentOther assets, noncurrent consisted of the following:As ofApril 30, 2025January 31, 2025(in thousands)Accounts receivable, noncurrent$20,281 $19,266 Intangible assets subject to amortization, net30,121 33,410 Indefinite-lived