Balance Sheet Components | Balance Sheet Components Cash and Cash Equivalents and Restricted cash Cash and cash equivalents include interest-bearing bank deposits, money market funds and other highly liquid investments with maturities of 90 days or less at the date of purchase. The Company had restricted cash balances of $5.7 million and $6.1 million as of October 31, 2022 and January 31, 2022, respectively. The restricted cash balances as of October 31, 2022 primarily consisted of $4.1 million of collateral money market accounts for the Company’s headquarters and other domestic office operating leases and $1.3 million of performance guarantees required for the Company’s foreign sales activities. The restricted cash balances as January 31, 2022 primarily consisted of $4.2 million of collateral money market accounts for the Company’s headquarters and other domestic office operating leases and $1.6 million of performance guarantees required for the Company’s foreign sales activities. A reconciliation of the Company’s cash and cash equivalents in the condensed consolidated balance sheets to total cash, cash equivalents and restricted cash in the condensed consolidated statements of cash flows as of October 31, 2022 and January 31, 2022 is as follows: (in thousands) October 31, 2022 January 31, 2022 Cash and cash equivalents $ 199,124 $ 490,762 Restricted cash, current 527 309 Restricted cash, non-current 5,163 5,743 Total cash, cash equivalents and restricted cash $ 204,814 $ 496,814 The current restricted cash balances as of October 31, 2022 and January 31, 2022 are included in prepaid expenses and other current assets. Short-term Investments Short-term investments consisted of the following as of October 31, 2022: Gross Unrealized (in thousands) Cost or Amortized Cost Gains Losses Fair Value U.S Treasury securities $ 55,703 $ — $ (259) $ 55,444 Commercial paper 37,124 80 — 37,204 Corporate bonds 128,536 — (983) 127,553 U.S. government agency securities 6,035 — (73) 5,962 Total short-term investments $ 227,398 $ 80 $ (1,315) $ 226,163 The following table summarizes the contracted maturities of the Company’s short-term investments as of October 31, 2022: October 31, 2022 (in thousands) Amortized Cost Fair Value Due in 1 year or less $ 139,754 $ 139,332 Due in 1-2 years 87,644 86,831 $ 227,398 $ 226,163 There were no short-term investments as of January 31, 2022. Property and Equipment, Net Property and equipment, net consists of the following: (in thousands) October 31, 2022 January 31, 2022 Satellites* $ 314,410 $ 310,861 Leasehold improvements 15,363 15,448 Ground stations and ground station equipment 15,024 12,685 Office furniture, equipment and fixtures 5,546 5,335 Computer equipment and purchased software 8,365 8,197 Total property and equipment, gross 358,708 352,526 Less: Accumulated depreciation (243,323) (219,246) Total property and equipment, net $ 115,385 $ 133,280 * Satellites include $13.6 million and $13.7 million of satellites in process and not placed into service as of October 31, 2022 and January 31, 2022, respectively. There was no interest expense associated with manufactured satellites for the three and nine months ended October 31, 2022. Interest expense associated with manufactured satellites was not material for the three and nine months ended October 31, 2021. The Company’s long-lived assets by geographic region are as follows: (in thousands) October 31, 2022 January 31, 2022 United States $ 110,834 $ 130,230 Rest of World 4,551 3,050 Total property and equipment, net $ 115,385 $ 133,280 The Company concluded that satellites in service continue to be owned by the U.S. entity and accordingly are classified as U.S. assets in the table above. No single country other than the U.S. accounted for more than 10% of total property and equipment, net, as of October 31, 2022 and January 31, 2022. Total depreciation expense for the three and nine months ended October 31, 2022 was $9.4 million and $30.0 million, respectively, of which $9.0 million and $27.2 million, respectively, was depreciation expense specific to satellites. Total depreciation expense for the three and nine months ended October 31, 2021 was $9.6 million and $28.1 million, respectively, of which $8.4 million and $24.5 million, respectively, was depreciation expense specific to satellites. Capitalized Internal-Use Software Development Costs Capitalized internal-use software costs, net of accumulated amortization consists of the following: (in thousands) October 31, 2022 January 31, 2022 Capitalized internal-use software $ 38,795 $ 36,453 Less: Accumulated amortization (27,614) (25,685) Capitalized internal-use software, net $ 11,181 $ 10,768 There was no interest expense associated with capitalized internal-use software costs for the three and nine months ended October 31, 2022. Interest expense associated with capitalized internal-use software costs was not material for the three and nine months ended October 31, 2021. Amortization expense for capitalized internal-use software for the three and nine months ended October 31, 2022 was $0.7 million and $1.9 million, respectively. Amortization expense for capitalized internal-use software for the three and nine months ended October 31, 2021 was $1.3 million and $4.5 million, respectively. Goodwill and Intangible Assets Goodwill and Intangible assets consist of the following: October 31, 2022 January 31, 2022 (in thousands) Gross Accumulated Foreign Net Gross Accumulated Foreign Net Developed technology $ 16,557 $ (8,548) $ (8) $ 8,001 $ 16,557 $ (7,583) $ (9) $ 8,965 Image library 12,194 (10,851) 262 1,605 12,028 (10,610) 104 1,522 Customer relationships 3,951 (2,619) 7 1,339 3,951 (2,161) 8 1,798 Trade names and other 4,551 (3,117) 40 1,474 4,551 (2,678) 39 1,912 Total intangible assets $ 37,253 $ (25,135) $ 301 $ 12,419 $ 37,087 $ (23,032) $ 142 $ 14,197 Goodwill $ 101,413 $ — $ 1,806 $ 103,219 $ 101,413 $ — $ 1,806 $ 103,219 Amortization expense for the three and nine months ended October 31, 2022 was $0.7 million and $2.1 million, respectively. Amortization expense for the three and nine months ended October 31, 2021 was $0.5 million and $1.3 million, respectively. Estimated future amortization expense of intangible assets at October 31, 2022, is as follows: (in thousands) Remainder of Fiscal Year 2023 $ 775 2024 3,056 2025 2,136 2026 1,214 2027 1,108 Thereafter 4,130 $ 12,419 Accrued and Other Current Liabilities Accrued liabilities and other current liabilities consist of the following: (in thousands) October 31, 2022 January 31, 2022 Deferred R&D service liability (see Note 8) $ 22,673 $ 21,878 Payroll and related expenses 5,254 6,007 Deferred hosting costs 4,512 3,967 Deferred rent — 2,193 Withholding taxes and other taxes payable 1,803 3,731 Other accruals 8,387 11,047 Total accrued and other current liabilities $ 42,629 $ 48,823 |