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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net income (loss) $ (137,097) $ 3,789
Adjustments to reconcile net income (loss) to operating activities:    
Amortization, depreciation and write-offs 281,677 195,973
Amortization of debt issuance costs and discount 6,820 6,380
Stock-based compensation 101,796 57,103
Change in operating right-of-use asset 10,558 12,267
Loss on settlement of debt 0 16,852
Net unrealized loss (gain) on fair value remeasurements 1,755 (9,855)
Net (gain) loss on foreign currency remeasurements (1,277) 952
Changes in operating assets and liabilities, net of effect of acquisitions:    
Accounts receivable (163,416) (69,881)
Prepaid expenses and other current assets (28,993) (92,851)
Other assets 3,033 5,269
Accounts payable 13,773 33,936
Operating lease liabilities (12,046) (12,083)
Accrued and other liabilities 7,795 6,752
Deferred revenue (9,286) (2,327)
Net cash provided by operating activities 75,092 152,276
Investing Activities    
Purchase of property and equipment (400) (653)
Acquisitions, net of cash acquired (1,294,352) (1,017,012)
Purchase of non-marketable investments and other (56,546) (14,000)
Proceeds from other investing activities 2,162 10,000
Capitalized software development costs (2,608) (1,517)
Net cash used in investing activities (1,351,744) (1,023,182)
Financing Activities    
Proceeds from Issuance Initial Public Offering 0 1,744,240
Proceeds from debt issuance, net of issuance costs 0 844,729
Payments of debt principal (9,155) (706,905)
Payments of finance leases (12,326) (4,621)
Proceeds from exercise of stock options 15,873 17,888
Proceeds from the issuance of common stock under the Employee Stock Purchase Plan 3,663 0
Payments of deferred acquisition costs (71,712) (157,565)
Payments of licensed asset obligation (17,374) 0
Repurchases of stock - repurchase program (244,015) 0
Net cash provided by (used in) financing activities (335,046) 1,737,766
Effect of foreign exchange rate on cash and cash equivalents (7,246) (352)
Net increase (decrease) in cash and cash equivalents (1,618,944) 866,508
Cash, cash equivalents and restricted cash equivalents at beginning of the period 2,570,504 317,235
Cash and cash equivalents at end of the period 951,560 1,183,743
Supplemental non-cash investing and financing activities disclosures:    
Issuance of common stock in connection with an acquisition 137,422 0
Acquisitions not yet paid 70,792 119,256
Assets acquired under finance leases 17,869 2,658
Repurchases of common stock included in accrued liabilities 10,512 0
Issuance of convertible security related to acquisitions 0 342,170
Deferred IPO costs not yet paid 0 986
Supplemental disclosure of cash flow information:    
Cash paid for interest on debt 61,867 31,767
Cash paid for income taxes, net of refunds $ 19,529 $ 32,737