XML 18 R8.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 341.8 $ 213.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 143.0 130.4
Amortization of deferred contract costs 99.8 78.5
Depreciation and amortization 52.1 45.9
Amortization of investment premiums (discounts) 0.2 (4.7)
Other 5.8 5.0
Changes in operating assets and liabilities:    
Accounts receivable—net (3.1) 60.5
Inventory (31.0) (25.2)
Prepaid expenses and other current assets (4.6) (6.3)
Deferred contract costs (143.9) (113.1)
Deferred tax assets 4.4 11.5
Other assets (2.0) (0.8)
Accounts payable (4.2) (6.2)
Accrued liabilities 16.5 (16.6)
Accrued payroll and compensation 19.5 (9.5)
Other liabilities 10.3 (1.0)
Deferred revenue 282.6 255.7
Net cash provided by operating activities 787.2 617.6
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of investments (776.3) (1,072.4)
Sales of investments 141.4 19.7
Maturities of investments 730.3 695.0
Purchases of property and equipment (93.6) (45.0)
Payments made in connection with business combination, net of cash acquired (9.2) 0.0
Other (0.4) 0.0
Net cash used in investing activities (7.8) (402.7)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchase and retirement of common stock (1,046.0) (117.6)
Proceeds from issuance of common stock 18.2 41.8
Taxes paid related to net share settlement of equity awards (86.5) (76.0)
Payments of debt assumed in connection with business combination (4.1) 0.0
Other (1.2) 0.0
Net cash used in financing activities (1,119.6) (151.8)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (340.2) 63.1
CASH AND CASH EQUIVALENTS—Beginning of period 1,222.5 1,112.4
CASH AND CASH EQUIVALENTS—End of period 882.3 1,175.5
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Operating lease liabilities arising from obtaining right-of-use assets 14.7 12.6
Cash paid to settle liability incurred for repurchase of common stock 0.0 4.2
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Transfers of evaluation units from inventory to property and equipment 14.8 16.3
Liability for purchase of property and equipment 26.1 20.1
Liability incurred for repurchase of common stock $ 0.0 $ 4.0