| Schedule of Financial Instruments Measured at Fair Value on Recurring Basis |
The following tables present information about our financial instruments that are measured at fair value on a recurring basis and indicate the fair value hierarchy of the valuation inputs utilized to determine such fair value: | | | | | | | | | | | | | | | | | | | | | | | | | As of July 31, 2021 | | Fair Value | | Level 1 | | Level 2 | | Level 3 | | | | | | | | | | (in thousands) | | Financial Assets: | | | | | | | | | Money market funds | $ | 688,073 | | | $ | 688,073 | | | $ | — | | | $ | — | | | Treasury bills | 325,108 | | | — | | | 325,108 | | | — | | | | | | | | | | | | | | | | | | | Cash equivalents | 1,013,181 | | | 688,073 | | | 325,108 | | | — | | | Commercial paper | 33,729 | | | — | | | 33,729 | | | — | | | Agency bonds | 491,997 | | | — | | | 491,997 | | | — | | | Corporate and other debt securities | 380,598 | | | — | | | 380,598 | | | — | | | U.S. government agency securities | 2,213,712 | | | — | | | 2,213,712 | | | — | | | Treasury bills | 53,993 | | | — | | | 53,993 | | | — | | | Marketable securities | 3,174,029 | | | — | | | 3,174,029 | | | — | | | | | | | | | | | | | | | | | | | Publicly held equity securities included in strategic investments | 107,076 | | | 107,076 | | | — | | | — | | | Privately held debt securities included in strategic investments | 15,431 | | | — | | | — | | | 15,431 | | | Certificates of deposit included in other assets, noncurrent | 797 | | | — | | | 797 | | | — | | | Total financial assets | $ | 4,310,514 | | | $ | 795,149 | | | $ | 3,499,934 | | | $ | 15,431 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | As of January 31, 2021 | | Fair Value | | Level 1 | | Level 2 | | Level 3 | | | | | | | | | | (in thousands) | | Financial Assets: | | | | | | | | | Money market funds | $ | 958,357 | | | $ | 958,357 | | | $ | — | | | $ | — | | | Treasury bills | 618,498 | | | — | | | 618,498 | | | — | | | | | | | | | | | Cash equivalents | 1,576,855 | | | 958,357 | | | 618,498 | | | — | | | Commercial paper | 26,222 | | | — | | | 26,222 | | | — | | | Agency bonds | 461,365 | | | — | | | 461,365 | | | — | | | Corporate and other debt securities | 466,256 | | | — | | | 466,256 | | | — | | | U.S. government agency securities | 834,665 | | | — | | | 834,665 | | | — | | | Treasury bills | 215,902 | | | — | | | 215,902 | | | — | | | Marketable securities | 2,004,410 | | | — | | | 2,004,410 | | | — | | | Certificate of deposit included in prepaid expenses and other current assets | 100 | | | — | | | 100 | | | — | | | | | | | | | | | Certificates of deposit included in other assets, noncurrent | 2,238 | | | — | | | 2,238 | | | — | | | Privately held debt securities included in strategic investments | 5,130 | | | — | | | — | | | 5,130 | | | Total financial assets | $ | 3,588,733 | | | $ | 958,357 | | | $ | 2,625,246 | | | $ | 5,130 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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