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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 534.5 $ 433.4
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 72.5 66.1
Amortization of deferred contract costs 94.2 78.0
Depreciation and amortization 39.8 35.8
Amortization of investment discounts (4.8) (10.3)
Other (44.9) (35.5)
Changes in operating assets and liabilities, net of impact of business combinations:    
Accounts receivable—net 205.2 303.9
Inventory 23.6 (34.1)
Prepaid expenses and other current assets 62.8 3.4
Deferred contract costs (112.4) (91.3)
Deferred tax assets 11.0 (30.0)
Other assets (5.4) 1.5
Accounts payable (26.0) 24.6
Accrued liabilities 12.5 63.7
Accrued payroll and compensation (20.6) (8.2)
Deferred revenue 235.7 57.0
Other liabilities (0.6) 5.3
Net cash provided by operating activities 1,077.1 863.3
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of investments (350.7) (503.0)
Sales of investments 115.9 2.8
Maturities of investments 299.7 466.9
Purchases of property and equipment (70.6) (66.5)
Payments made in connection with business combinations, net of cash acquired 0.0 (11.2)
Other 0.0 0.2
Net cash used in investing activities (5.7) (110.8)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchase and retirement of common stock (823.0) 0.0
Repayment of senior notes (500.0) 0.0
Proceeds from issuance of common stock 17.6 20.2
Taxes paid related to net share settlement of equity awards (36.3) (52.9)
Other (1.2) 0.0
Net cash used in financing activities (1,342.9) (32.7)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 0.0 0.9
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (271.5) 720.7
CASH AND CASH EQUIVALENTS—Beginning of period 2,495.3 2,875.9
CASH AND CASH EQUIVALENTS—End of period 2,223.8 3,596.6
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid for income taxes—net 47.0 26.8
Operating lease liabilities arising from obtaining right-of-use assets 14.0 6.7
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Transfers of evaluation units and equipment from inventory to property and equipment 6.4 6.2
Liability for purchase of property and equipment 56.0 25.1
Liability incurred for repurchase of common stock 3.9 0.0
Excise tax payable on net stock repurchase $ 25.2 $ 0.0