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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income $ 82,440 $ 48,231
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 106,000 76,000
Amortization of deferred commissions 66,000 49,000
Amortization of debt discount and issuance costs 2,000 9,000
Stock-based compensation 256,000 188,000
Deferred income taxes 1,000 (2,000)
Repayments of convertible senior notes attributable to debt discount (7,000) 0
Other 15,000 3,000
Changes in operating assets and liabilities, net of effect of business combinations:    
Accounts receivable 354,000 209,000
Deferred commissions (114,000) (71,000)
Prepaid expenses and other assets (3,000) (20,000)
Accounts payable 89,000 21,000
Deferred revenue 75,000 60,000
Accrued expenses and other liabilities (195,000) (78,000)
Net cash provided by operating activities 727,000 492,000
Cash flows from investing activities:    
Purchases of property and equipment (107,000) (83,000)
Business combinations, net of cash acquired (225,000) (83,000)
Purchases of investments (644,000) (528,000)
Sales and maturities of investments 532,000 313,000
Other 7,000 (4,000)
Net cash used in investing activities (437,000) (385,000)
Cash flows from financing activities:    
Repayments of convertible senior notes attributable to principal (28,000) (2,000)
Proceeds from employee stock plans 95,000 67,000
Taxes paid related to net share settlement of equity awards (191,000) (126,000)
Net cash used in financing activities (124,000) (61,000)
Foreign currency effect on cash, cash equivalents and restricted cash (18,000) (11,000)
Net increase in cash, cash equivalents and restricted cash 148,000 35,000
Cash, cash equivalents and restricted cash at beginning of period 1,679,000 778,000
Cash, cash equivalents and restricted cash at end of period 1,827,000 813,000
Cash, cash equivalents and restricted cash at end of period:    
Total cash, cash equivalents and restricted cash shown in the condensed consolidated statements of cash flows 1,827,000 813,000
Supplemental disclosures of other cash flow information:    
Interest paid 15,000 0
Income taxes paid, net of refunds 12,000 7,000
Non-cash investing and financing activities:    
Settlement of 2022 Notes conversion feature 102,000 4,000
Benefit from exercise of 2022 Note Hedge 102,000 4,000
Property and equipment included in accounts payable and accrued expenses $ 28,000 $ 41,000