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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 57,559 $ 105,833
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 14,169 11,965
Amortization of issuance cost 1,531  
Coupon interest expense 1,725  
Purchase accounting adjustments to goodwill   58
Loss on disposal and abandonment of intangible assets 18 48
Loss on disposal and impairment of property, equipment, and other assets, net 162 189
Unrealized loss (gain) on strategic investments and marketable securities, net 46,342 (103,836)
Gain on insurance recoveries (789)  
Stock-based compensation 66,241 46,250
Deferred income taxes (37,605) 26,050
Unrecognized tax benefits 2,867 3,895
Bond amortization (8,036) 301
Noncash lease expense 2,978 3,279
Provision for expected credit losses 341 183
Change in assets and liabilities:    
Accounts and notes receivable and contract assets (102,205) (80,247)
Inventory (43,585) (47,109)
Prepaid expenses and other assets (49,290) (2,688)
Accounts payable, accrued and other liabilities (35,976) 24,569
Deferred revenue 69,886 74,600
Net cash provided by (used in) operating activities (13,667) 63,340
Cash flows from investing activities:    
Purchases of investments (246,049) (108,240)
Proceeds from call, maturity, and sale of investments 381,082 9,473
Exercise of warrants of strategic investments   (6,555)
Purchases of property and equipment (21,650) (29,847)
Proceeds from disposal of property and equipment 3 91
Purchases of intangible assets (187) (104)
Strategic investments (10,917) (61,500)
Business acquisition, net of cash acquired (21,026) (2,104)
Net cash provided by (used in) investing activities 81,256 (198,786)
Cash flows from financing activities:    
Net proceeds from equity offering 94,806 (74)
Proceeds from options exercised 54,503  
Income and payroll tax payments for net-settled stock awards (97,055) (2,319)
Net cash provided by (used in) financing activities 52,254 (2,393)
Effect of exchange rate changes on cash and cash equivalents 806 (3,910)
Net increase (decrease) in cash and cash equivalents 120,649 (141,749)
Cash and cash equivalents and restricted cash, beginning of period 355,552 356,438
Cash and cash equivalents and restricted cash, end of period $ 476,201 $ 214,689