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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income $ 140,835 $ 88,997
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 221,000 159,000
Amortization of deferred commissions 136,000 101,000
Stock-based compensation 537,000 405,000
Deferred income taxes (16,000) (3,000)
Repayments of convertible senior notes attributable to debt discount (13,000) (2,000)
Other 22,000 16,000
Changes in operating assets and liabilities, net of effect of business combinations:    
Accounts receivable 224,000 200,000
Deferred commissions (217,000) (144,000)
Prepaid expenses and other assets (57,000) (32,000)
Accounts payable 75,000 38,000
Deferred revenue 85,000 69,000
Accrued expenses and other liabilities (111,000) (36,000)
Net cash provided by operating activities 1,027,000 860,000
Cash flows from investing activities:    
Purchases of property and equipment (198,000) (194,000)
Business combinations, net of cash acquired (738,000) (83,000)
Purchases of investments (1,139,000) (1,108,000)
Sales and maturities of investments 1,023,000 766,000
Other 1,000 (9,000)
Net cash used in investing activities (1,051,000) (628,000)
Cash flows from financing activities:    
Repayments of convertible senior notes attributable to principal (53,000) (16,000)
Proceeds from employee stock plans 95,000 91,000
Taxes paid related to net share settlement of equity awards (315,000) (239,000)
Net cash used in financing activities (273,000) (164,000)
Foreign currency effect on cash, cash equivalents and restricted cash (11,000) (5,000)
Net change in cash, cash equivalents and restricted cash (308,000) 63,000
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 1,371,000 841,000
Cash, cash equivalents and restricted cash at end of period:    
Cash and cash equivalents 1,362,000 837,000
Restricted cash included in prepaid expenses and other current assets 9,000 4,000
Total cash, cash equivalents and restricted cash shown in the condensed consolidated statements of cash flows 1,371,000 841,000
Supplemental disclosures of other cash flow information:    
Interest paid 15,000 0
Income taxes paid, net of refunds 20,000 10,000
Non-cash investing and financing activities:    
Settlement of 2022 Notes conversion feature 191,000 23,000
Benefit from exercise of 2022 Note Hedge 191,000 22,000
Property and equipment included in accounts payable and accrued expenses $ 49,000 $ 95,000