Company: ZM
Filing Date: 2025-05-23
Form Type: 10-Q
Source: 0001585521-25-000090
Chunk: 284

Company: Zoom Communications, Inc.
Filing Date: 2025-05-23
Form: 10-Q
Item: Part I, Item 8
Chunk 284
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 the lack of relevant observable market data over fair value inputs, such as the probability weighting of the various scenarios that can impact settlement of the arrangement.

5.    Balance Sheet Components

Accounts Receivable, NetAccounts receivable are recorded for invoiced amounts and amounts for which revenue has been recognized, but not invoiced, net of allowances. 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,