Company: ZM
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001585521-25-000042
Chunk: 157

Company: Zoom Communications, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 157
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240 Total operating lease payments$69,243 Less: imputed interest(4,811)Total operating lease liabilities$64,432 

8.    Goodwill and Intangible Assets

GoodwillThe following table summarizes the changes in the carrying amount of goodwill during the years:As of January 31,20252024(in thousands)Balance, beginning of the year$307,295 $122,641 Increase in goodwill related to business combinations— 184,654 Balance, ending of the year$307,295 $307,295 During the fiscal year ended January 31, 2024, we acquired Workvivo, and recorded goodwill of $184.7 million. See Note 5 for additional information related to the acquisition.IntangiblesThe following table summarizes intangible assets with a finite useful life included within other asset, noncurrent on the consolidated balance sheet:As of January 31,20252024Gross Carrying AmountAccumulated AmortizationNet ValueGross Carrying AmountAccumulated AmortizationNet Value(in thousands)Customer relationships$31,732 $(14,044)$17,688 $31,732 $(7,684)$24,048 Technology26,959 (14,080)12,879 26,959 (8,676)18,283 Assembled workforce7,034 (4,191)2,843 7,034 (2,430)4,604 Total$65,725 $(32,315)$33,410 $65,725 $(18,790)$46,935 

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Intangible asset amortization expense was $13.5 million, $12.5 million, and $5.3 million for the fiscal years ended January 31, 2025, 2024 and 2023, respectively.Estimated amortization expense for each of the five succeeding fiscal years and thereafter is as follows:As of January 31, 2025(in thousands)Year Ending January 31,202613,000 202712,088 20287,105 20291,217 2030— Thereafter— Total amortization expense33,410 The following table summarizes intangible assets with an indefinite useful life included within other asset, noncurrent on the consolidated balance sheet:As of January 31,20252024(in thousands)Domain and IP Addresses