33 non-gaap financial measures in addition to our results determined in accordance with u.s. generally accepted accounting principles ( gaap ) , we believe the following non-gaap financial measures are useful in evaluating our operating performance . annualized recurring revenue ( arr ) is the primary metric that management uses to monitor customer retention and growth and to make operational decisions related to our business . arr equals the annualized value of recurring subscription contracts with active entitlements as of the end of the applicable period . arr provides a normalized and composite view of customer retention , renewal and expansion as well as growth from new customers , that is a supplement to reported revenue . as of change january 31 , 2021 january 31 , 2020 amount % ( in thousands , except percentages ) annualized recurring revenue $ 778,042 $ 705,882 $ 72,160 10 % approximately 7 percentage points of the 10 % increase in arr was due to existing customers expanding their use of cloudera products with the remainder of the increase due to new customers . non-gaap operating income ( loss ) is our income ( loss ) from operations before stock-based compensation expense , amortization of acquired intangible assets an d non-cash real estate impairment charges . w e believe that this non-gaap financial measure , when taken together with the corresponding gaap financial measure , provides meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our business , operating results or future outlook . our management uses , and believes that investors benefit from referring to , this non-gaap financial measure in evaluating our operating results , as well as when planning , forecasting , budgeting and analyzing future periods . we also use non-gaap operating income ( loss ) in conjunction with traditional gaap measures to communicate with our board of directors regarding our financial performance . years ended january 31 , change 2021 2020 amount % ( in thousands , except percentages ) non-gaap operating income ( loss ) $ 146,804 $ ( 39,376 ) $ 186,180 ( 473 ) % we believe non-gaap operating income ( loss ) provides investors and other users of our financial information consistency and comparability with our past financial performance and facilitates period to period comparisons of operations . we believe non-gaap operating income ( loss ) is useful in evaluating our operating performance compared to that of other companies in our industry as this metric generally eliminates the effects of certain items that may vary for different companies for reasons unrelated to overall operating performance . our definition may differ from the definitions used by other companies and therefore comparability may be limited . in addition , other companies may not publish this or similar metrics . thus , our non-gaap operating income ( loss ) should be considered in addition to , not as a substitute for or in isolation from , measures prepared in accordance with gaap . we compensate for these limitations by providing investors and other users of our financial information a reconciliation of loss from operations , the related gaap financial measure , to non-gaap operating income ( loss ) . we encourage investors and others to review our financial information in its entirety , not to rely on any single financial measure and to view non-gaap operating income ( loss ) in conjunction with loss from operations . the following table provides a reconciliation of loss from operations to non-gaap operating ( income ) loss : 34 replace_table_token_3_th for the reasons set forth below , we believe that excluding the components described provides useful information to investors and others in understanding and evaluating our operating results and future prospects in the same manner as we do and in comparing our financial results across accounting periods and to financial results of peer companies . stock-based compensation expense . we exclude stock-based compensation expense from our non-gaap financial measures consistent with how we evaluate our operating results and prepare our operating plans , forecasts and budgets . further , when considering the impact of equity award grants , we focus on overall stockholder dilution rather than the accounting charges associated with such equity grants . the exclusion of the expense facilitates the comparison of results and business outlook for future periods with results for prior periods in order to better understand the long-term performance of our business . amortization of acquired intangible assets . we exclude the amortization of acquired intangible assets from our non-gaap financial measures . although the purchase accounting for an acquisition necessarily reflects the accounting value assigned to intangible assets , our management team excludes the gaap impact of acquired intangible assets when evaluating our operating results . likewise , our management team excludes amortization of acquired intangible assets from our operating plans , forecasts and budgets . the exclusion of the expense facilitates the comparison of results and business outlook for future periods with results for prior periods in order to bet ter understand the long-term performance of our business . non-cash real estate impairment charges . we exclude non-cash real estate impairment charges from our non-gaap financial measures . non-cash real estate impairment charges relate to charges that we incur as a result of activities with respect to our leased office locations . the exclusion of the impairment charges facilitates the comparison of results and business outlook for future periods with results for prior periods in order to better understand the long-term performance of our business . covid-19 update the united states and the global communities in which we operate continue to face severe challenges posed by the covid-19 coronavirus pandemic ( covid-19 or covid-19 pandemic ) . story_separator_special_tag critical accounting policies and estimates our consolidated financial statements are prepared in accordance with generally accepted accounting principles in the united states ( gaap ) . the preparation of these financial statements requires our management to make estimates and assumptions that affect the reported amounts of assets , liabilities , revenue , costs and expenses and related disclosures . our estimates are based on our historical experience and on various other factors that we believe are reasonable under the circumstances , the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources . actual results may differ from these judgments and estimates under different assumptions or conditions and any such differences may be material . we believe that our significant accounting policies , which are discussed in note 1 of our “ notes to consolidated financial statements ” included in part ii , item 8 of this annual report on form 10-k , and the accounting policies discussed below , involve a greater degree of complexity , involving management 's judgments and estimates . accordingly , these are the policies we believe are critical to understanding our financial condition and historical and future results of operations . revenue recognition we generate revenue from subscriptions and services . subscription revenue relates to term ( or time-based ) subscription agreements for both open source and propriety software including support and , to a lesser extent , consumption-based revenue from our cloud offerings . services revenue relat es to professional services for the implementation and use of our subscriptions , machine learning expertise and consultation , training and education services and related reimbursable travel costs . we price our subscription offerings based on the number of servers in a cluster , or nodes , core or edge devices , data under management and or the scope of support provi ded and or on a consumption basis for our cloud-based solutions . our consulting services are priced primarily on a time and materials basis , and to a lesser extent , a fixed fee basis , and training services are generally priced based on attenda nce . the transaction price is the total amount of consideration we expect to be entitled to in exchange for the product offerings in a contract . in the instance where our contracts with customers contain variable consideration , we estimate variable consideration primarily using the expected value method . once we have determined the transaction price , the total transaction price is allocated to each performance obligation in a manner depicting the amount of consideration to which we expect to be entitled in exchange for transferring the product ( s ) or service ( s ) to the customer ( allocation objective ) . if the allocation objective is met at contractual prices , no allocations are performed . otherwise , we allocate the transaction price to each performance obligation identified in the contract on a relative stand-alone selling price basis . 43 in order to determine the stand-alone selling price , we conduct a periodic analysis that requires judgment and considers multiple factors that are reasonably available and maximizes the use of observable inputs that may vary over time depending upon the unique facts and circumstances related to each performance obligation . to have observable inputs , we require that a substantial majority of the stand-alone selling prices for a product offering fall within a pricing range . if a directly observable stand-alone selling price does not exist , we estimate a stand-alone selling price range by reviewing external and internal market factor categories , which may include pricing practices , historical discounting , industry practices , service groups and geographic considerations . there is also no hierarchy for how to estimate or otherwise determine the stand-alone selling price for product offerings that are not sold separately , however , we maximize the use of observable data . we believe that this analysis results in an estimate that approximates the price we would charge for the product offerings if they were sold separately . business combinations , goodwill and intangible assets we allocate the fair value of purchase consideration in a business combination to tangible assets , liabilities assumed , and intangible assets acquired based on their estimated fair values . the excess of the fair value of purchase consideration over the fair values of these identifiable assets and liabilities is allocated to goodwill . the allocation of the purchase consideration requires management to make significant estimates and assumptions , especially with respect to intangible assets . these estimates can include , but are not limited to , future expected cash flows from acquired customers and acquired technology from a market participant perspective , useful lives and discount rates . management 's estimates of fair value are based upon assumptions believed to be reasonable , but which are inherently uncertain and unpredictable , and , as a result , actual results may differ from estimates . during the measurement period , which is up to one year from the acquisition or merger closing date , we may record adjustments to the assets acquired and liabilities assumed with the corresponding offset to goodwill . upon the conclusion of the measurement period , any subsequent adjustments are recorded to earnings . we review our goodwill for impairment annually during our fourth quarter of each fiscal year and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of any one of our reporting units below its respective carrying amount . in performing our goodwill impairment test , we may first perform a qualitative assessment , which requires that we consider events or circumstances including macroeconomic conditions , industry and market considerations , cost factors , overall financial performance , changes in management or key personnel , changes in strategy , changes in customers ,

liquidity and capital resources as of january 31 , 2021 , our principal sources of liquidity were cash , cash equivalents and marketable securities totaling $ 769.7 million which are held for working capital purposes . our cash equivalents are comprised primarily of money market funds and our marketable securities are comprised of corporate notes and obligations , u.s. agency obligations , certificates of deposit , commercial paper , municipal securities , u.s. treasury securities and asset-backed securities . to date , our principal sources of liquidity has been payments received from customers in addition to amounts raised in our debt and equity offerings . on december 22 , 2020 , we entered into a senior secured credit facility , which provides for a $ 500.0 million term loan facility with a syndicate of lenders ( term loan ) and borrowed the full amount on december 22 , 2020 to be used for general corporate purposes , including to fund repurchases of our common stock and to pay transaction costs and expenses in connection therewith . repayments made under the term loan are equal to 1.0 % of the principal amount in equal quarterly installments for the life of the term loan , with remainder due at maturity on december 22 , 2027. at our option , the term loan will bear interest at a per annum rate equal to a eurocurrency rate plus 2.50 % or a base rate plus 1.50 % , both subject to a 3.25 % floor .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources as of january 31 , 2021 , our principal sources of liquidity were cash , cash equivalents and marketable securities totaling $ 769.7 million which are held for working capital purposes . our cash equivalents are comprised primarily of money market funds and our marketable securities are comprised of corporate notes and obligations , u.s. agency obligations , certificates of deposit , commercial paper , municipal securities , u.s. treasury securities and asset-backed securities . to date , our principal sources of liquidity has been payments received from customers in addition to amounts raised in our debt and equity offerings . on december 22 , 2020 , we entered into a senior secured credit facility , which provides for a $ 500.0 million term loan facility with a syndicate of lenders ( term loan ) and borrowed the full amount on december 22 , 2020 to be used for general corporate purposes , including to fund repurchases of our common stock and to pay transaction costs and expenses in connection therewith . repayments made under the term loan are equal to 1.0 % of the principal amount in equal quarterly installments for the life of the term loan , with remainder due at maturity on december 22 , 2027. at our option , the term loan will bear interest at a per annum rate equal to a eurocurrency rate plus 2.50 % or a base rate plus 1.50 % , both subject to a 3.25 % floor .
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 Suspicious Activity Report : 33 non-gaap financial measures in addition to our results determined in accordance with u.s. generally accepted accounting principles ( gaap ) , we believe the following non-gaap financial measures are useful in evaluating our operating performance . annualized recurring revenue ( arr ) is the primary metric that management uses to monitor customer retention and growth and to make operational decisions related to our business . arr equals the annualized value of recurring subscription contracts with active entitlements as of the end of the applicable period . arr provides a normalized and composite view of customer retention , renewal and expansion as well as growth from new customers , that is a supplement to reported revenue . as of change january 31 , 2021 january 31 , 2020 amount % ( in thousands , except percentages ) annualized recurring revenue $ 778,042 $ 705,882 $ 72,160 10 % approximately 7 percentage points of the 10 % increase in arr was due to existing customers expanding their use of cloudera products with the remainder of the increase due to new customers . non-gaap operating income ( loss ) is our income ( loss ) from operations before stock-based compensation expense , amortization of acquired intangible assets an d non-cash real estate impairment charges . w e believe that this non-gaap financial measure , when taken together with the corresponding gaap financial measure , provides meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our business , operating results or future outlook . our management uses , and believes that investors benefit from referring to , this non-gaap financial measure in evaluating our operating results , as well as when planning , forecasting , budgeting and analyzing future periods . we also use non-gaap operating income ( loss ) in conjunction with traditional gaap measures to communicate with our board of directors regarding our financial performance . years ended january 31 , change 2021 2020 amount % ( in thousands , except percentages ) non-gaap operating income ( loss ) $ 146,804 $ ( 39,376 ) $ 186,180 ( 473 ) % we believe non-gaap operating income ( loss ) provides investors and other users of our financial information consistency and comparability with our past financial performance and facilitates period to period comparisons of operations . we believe non-gaap operating income ( loss ) is useful in evaluating our operating performance compared to that of other companies in our industry as this metric generally eliminates the effects of certain items that may vary for different companies for reasons unrelated to overall operating performance . our definition may differ from the definitions used by other companies and therefore comparability may be limited . in addition , other companies may not publish this or similar metrics . thus , our non-gaap operating income ( loss ) should be considered in addition to , not as a substitute for or in isolation from , measures prepared in accordance with gaap . we compensate for these limitations by providing investors and other users of our financial information a reconciliation of loss from operations , the related gaap financial measure , to non-gaap operating income ( loss ) . we encourage investors and others to review our financial information in its entirety , not to rely on any single financial measure and to view non-gaap operating income ( loss ) in conjunction with loss from operations . the following table provides a reconciliation of loss from operations to non-gaap operating ( income ) loss : 34 replace_table_token_3_th for the reasons set forth below , we believe that excluding the components described provides useful information to investors and others in understanding and evaluating our operating results and future prospects in the same manner as we do and in comparing our financial results across accounting periods and to financial results of peer companies . stock-based compensation expense . we exclude stock-based compensation expense from our non-gaap financial measures consistent with how we evaluate our operating results and prepare our operating plans , forecasts and budgets . further , when considering the impact of equity award grants , we focus on overall stockholder dilution rather than the accounting charges associated with such equity grants . the exclusion of the expense facilitates the comparison of results and business outlook for future periods with results for prior periods in order to better understand the long-term performance of our business . amortization of acquired intangible assets . we exclude the amortization of acquired intangible assets from our non-gaap financial measures . although the purchase accounting for an acquisition necessarily reflects the accounting value assigned to intangible assets , our management team excludes the gaap impact of acquired intangible assets when evaluating our operating results . likewise , our management team excludes amortization of acquired intangible assets from our operating plans , forecasts and budgets . the exclusion of the expense facilitates the comparison of results and business outlook for future periods with results for prior periods in order to bet ter understand the long-term performance of our business . non-cash real estate impairment charges . we exclude non-cash real estate impairment charges from our non-gaap financial measures . non-cash real estate impairment charges relate to charges that we incur as a result of activities with respect to our leased office locations . the exclusion of the impairment charges facilitates the comparison of results and business outlook for future periods with results for prior periods in order to better understand the long-term performance of our business . covid-19 update the united states and the global communities in which we operate continue to face severe challenges posed by the covid-19 coronavirus pandemic ( covid-19 or covid-19 pandemic ) . story_separator_special_tag critical accounting policies and estimates our consolidated financial statements are prepared in accordance with generally accepted accounting principles in the united states ( gaap ) . the preparation of these financial statements requires our management to make estimates and assumptions that affect the reported amounts of assets , liabilities , revenue , costs and expenses and related disclosures . our estimates are based on our historical experience and on various other factors that we believe are reasonable under the circumstances , the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources . actual results may differ from these judgments and estimates under different assumptions or conditions and any such differences may be material . we believe that our significant accounting policies , which are discussed in note 1 of our “ notes to consolidated financial statements ” included in part ii , item 8 of this annual report on form 10-k , and the accounting policies discussed below , involve a greater degree of complexity , involving management 's judgments and estimates . accordingly , these are the policies we believe are critical to understanding our financial condition and historical and future results of operations . revenue recognition we generate revenue from subscriptions and services . subscription revenue relates to term ( or time-based ) subscription agreements for both open source and propriety software including support and , to a lesser extent , consumption-based revenue from our cloud offerings . services revenue relat es to professional services for the implementation and use of our subscriptions , machine learning expertise and consultation , training and education services and related reimbursable travel costs . we price our subscription offerings based on the number of servers in a cluster , or nodes , core or edge devices , data under management and or the scope of support provi ded and or on a consumption basis for our cloud-based solutions . our consulting services are priced primarily on a time and materials basis , and to a lesser extent , a fixed fee basis , and training services are generally priced based on attenda nce . the transaction price is the total amount of consideration we expect to be entitled to in exchange for the product offerings in a contract . in the instance where our contracts with customers contain variable consideration , we estimate variable consideration primarily using the expected value method . once we have determined the transaction price , the total transaction price is allocated to each performance obligation in a manner depicting the amount of consideration to which we expect to be entitled in exchange for transferring the product ( s ) or service ( s ) to the customer ( allocation objective ) . if the allocation objective is met at contractual prices , no allocations are performed . otherwise , we allocate the transaction price to each performance obligation identified in the contract on a relative stand-alone selling price basis . 43 in order to determine the stand-alone selling price , we conduct a periodic analysis that requires judgment and considers multiple factors that are reasonably available and maximizes the use of observable inputs that may vary over time depending upon the unique facts and circumstances related to each performance obligation . to have observable inputs , we require that a substantial majority of the stand-alone selling prices for a product offering fall within a pricing range . if a directly observable stand-alone selling price does not exist , we estimate a stand-alone selling price range by reviewing external and internal market factor categories , which may include pricing practices , historical discounting , industry practices , service groups and geographic considerations . there is also no hierarchy for how to estimate or otherwise determine the stand-alone selling price for product offerings that are not sold separately , however , we maximize the use of observable data . we believe that this analysis results in an estimate that approximates the price we would charge for the product offerings if they were sold separately . business combinations , goodwill and intangible assets we allocate the fair value of purchase consideration in a business combination to tangible assets , liabilities assumed , and intangible assets acquired based on their estimated fair values . the excess of the fair value of purchase consideration over the fair values of these identifiable assets and liabilities is allocated to goodwill . the allocation of the purchase consideration requires management to make significant estimates and assumptions , especially with respect to intangible assets . these estimates can include , but are not limited to , future expected cash flows from acquired customers and acquired technology from a market participant perspective , useful lives and discount rates . management 's estimates of fair value are based upon assumptions believed to be reasonable , but which are inherently uncertain and unpredictable , and , as a result , actual results may differ from estimates . during the measurement period , which is up to one year from the acquisition or merger closing date , we may record adjustments to the assets acquired and liabilities assumed with the corresponding offset to goodwill . upon the conclusion of the measurement period , any subsequent adjustments are recorded to earnings . we review our goodwill for impairment annually during our fourth quarter of each fiscal year and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of any one of our reporting units below its respective carrying amount . in performing our goodwill impairment test , we may first perform a qualitative assessment , which requires that we consider events or circumstances including macroeconomic conditions , industry and market considerations , cost factors , overall financial performance , changes in management or key personnel , changes in strategy , changes in customers ,

