XML 19 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 203,725 $ 101,855
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 346,000 243,000
Amortization of deferred commissions 211,000 157,000
Stock-based compensation 828,000 625,000
Deferred income taxes (21,000) (6,000)
Repayments of convertible senior notes attributable to debt discount (15,000) (69,000)
Loss on extinguishment of 2022 Notes 3,000 42,000
Other 34,000 23,000
Changes in operating assets and liabilities, net of effect of business combinations:    
Accounts receivable 219,000 210,000
Deferred commissions (344,000) (221,000)
Prepaid expenses and other assets (78,000) (42,000)
Accounts payable 39,000 2,000
Deferred revenue 47,000 66,000
Accrued expenses and other liabilities (126,000) (31,000)
Net cash provided by operating activities 1,347,000 1,101,000
Cash flows from investing activities:    
Purchases of property and equipment (292,000) (285,000)
Business combinations, net of cash acquired (778,000) (108,000)
Purchases of investments (1,769,000) (2,229,000)
Sales and maturities of investments 1,579,000 1,299,000
Other 12,000 (7,000)
Net cash used in investing activities (1,248,000) (1,330,000)
Cash flows from financing activities:    
Net proceeds from borrowings on 2030 Notes 0 1,482,000
Repayments of convertible senior notes attributable to principal (59,000) (1,569,000)
Net proceeds from unwind of 2022 Note Hedge 0 1,106,000
Proceeds from employee stock plans 165,000 142,000
Taxes paid related to net share settlement of equity awards (457,000) (361,000)
Net cash (used in) provided by financing activities (351,000) 800,000
Foreign currency effect on cash, cash equivalents and restricted cash (21,000) 3,000
Net change in cash, cash equivalents and restricted cash (273,000) 574,000
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 1,406,000 1,352,000
Cash, cash equivalents and restricted cash at end of period:    
Cash and cash equivalents 1,400,000 1,348,000
Restricted cash included in prepaid expenses and other current assets 6,000 4,000
Total cash, cash equivalents and restricted cash shown in the condensed consolidated statements of cash flows 1,406,000 1,352,000
Supplemental disclosures of other cash flow information:    
Interest paid 36,000 0
Income taxes paid, net of refunds 46,000 26,000
Non-cash investing and financing activities:    
Settlement of 2022 Notes conversion feature 216,000 79,000
Benefit from exercise of 2022 Note Hedge 215,000 78,000
Property and equipment included in accounts payable and accrued expenses $ 54,000 $ 27,000