XML 23 R7.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities    
Net loss $ (208,579) $ (5,281)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 6,212 7,220
Share-based compensation 143,122 73,240
Impairment and abandonment charges for leases and leasehold improvements 112,934 0
Other (1,346) 2,978
Changes in assets and liabilities:    
Accounts receivable 192,523 180,203
Prepaid expenses and other assets (5,773) (8,285)
Operating lease right-of-use assets 25,163 12,394
Accounts payable (11,031) (4,638)
Accrued expenses and other liabilities (43,659) (31,620)
Operating lease liabilities (26,109) (12,822)
Net cash provided by operating activities 183,457 213,389
Investing activities    
Purchases of property and equipment and intangible assets (1,990) (6,902)
Purchases of marketable securities (331,608) (155,181)
Sales of marketable securities 29,271 4,168
Maturities of marketable securities 318,490 207,319
Net cash provided by investing activities 14,163 49,404
Financing activities    
Proceeds from exercise of stock options, net 2,400 1,036
Shares repurchased for tax withholdings on release of restricted stock units and restricted stock awards (91,508) 0
Repurchases of Class A common stock (69,476) 0
Net cash (used in) provided by financing activities (158,584) 1,036
Effect of exchange rate changes on cash, cash equivalents and restricted cash 1,142 333
Net increase in cash, cash equivalents and restricted cash 40,178 264,162
Cash, cash equivalents and restricted cash, beginning of period 1,617,660 1,427,064
Cash, cash equivalents and restricted cash, end of period 1,657,838 1,691,226
Supplemental cash flow information    
Repurchase Of Common Stock In Accrued Expenses And Other Current Liabilities 2,161 0
Operating lease right-of-use assets obtained in exchange for operating lease liabilities $ 803 $ 7,085