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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities    
Net loss $ (243,521) $ (48,357)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 11,283 16,355
Share-based compensation 312,752 190,653
Impairment and abandonment charges for leases and leasehold improvements 117,315 0
Other (4,501) 12,473
Changes in assets and liabilities:    
Accounts receivable 136,827 143,877
Prepaid expenses and other assets (23,048) (31,057)
Operating lease right-of-use assets 34,595 25,103
Accounts payable (24,295) 40,557
Accrued expenses and other liabilities (31,663) 10,605
Operating lease liabilities (39,568) (26,752)
Net cash provided by operating activities 246,176 333,457
Investing activities    
Purchases of property and equipment and intangible assets (2,800) (19,916)
Purchases of marketable securities (654,349) (367,806)
Sales of marketable securities 29,271 4,168
Maturities of marketable securities 609,402 393,784
Acquisition of business, net of cash acquired 0 (86,059)
Net cash used in investing activities (18,476) (75,829)
Financing activities    
Proceeds from exercise of stock options, net 3,216 4,080
Repurchases of Class A common stock (500,000) 0
Shares repurchased for tax withholdings on release of restricted stock units and restricted stock awards (163,203) (37,953)
Net cash used in financing activities (659,987) (33,873)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 1,075 (1,947)
Net increase (decrease) in cash, cash equivalents and restricted cash (431,212) 221,808
Cash, cash equivalents and restricted cash, beginning of period 1,617,660 1,427,064
Cash, cash equivalents and restricted cash, end of period 1,186,448 1,648,872
Supplemental cash flow information    
Operating lease right-of-use assets obtained in exchange for operating lease liabilities $ 13,809 $ 15,899