XML 237 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 $ (4,518) $ (115,298)
Adjustments to reconcile net loss to operating activities:    
Amortization, depreciation and write-offs 128,208 128,989
Amortization of debt issuance costs and discount 3,250 3,246
Stock-based compensation 82,966 44,640
Change in operating right-of-use asset 3,460 5,751
Other 2,429 500
Changes in operating assets and liabilities, net of effect of acquisitions:    
Accounts receivable 65,614 (170,250)
Prepaid expenses and other current assets (16,413) (54,461)
Other assets (1,136) 1,098
Accounts payable 9,722 111,604
Operating lease liabilities (3,487) (6,046)
Accrued and other liabilities 15,994 21,138
Deferred revenue 2,573 (2,630)
Net cash provided by (used in) operating activities 288,662 (31,719)
Investing Activities    
Purchase of property and equipment (70) (285)
Acquisitions, net of cash acquired (2,194) (1,045,816)
Purchase of non-marketable equity securities (16,834) (14,146)
Capitalized software development costs (2,127) (1,658)
Proceeds from sale of assets 8,250 2,162
Net cash used in investing activities (12,975) (1,059,743)
Financing Activities    
Principal repayments of debt (8,327) (4,577)
Principal payments on finance leases (5,447) (6,176)
Payment of withholding taxes related to net share settlement of restricted stock units (19,167) 0
Proceeds from exercise of stock options 2,906 8,110
Payments of deferred acquisition costs (1,229) (1,710)
Payments of licensed asset obligation (15,254) (17,374)
Repurchases of stock (64,897) (43,697)
Net cash used in financing activities (111,415) (65,424)
Effect of foreign exchange rate on cash and cash equivalents 1,137 (362)
Net increase (decrease) in cash and cash equivalents 165,409 (1,157,248)
Cash, cash equivalents and restricted cash equivalents at beginning of the period 1,080,484 2,570,504
Cash and cash equivalents at end of the period 1,245,893 1,413,256
Supplemental non-cash investing and financing activities disclosures:    
Acquisitions not yet paid 12,969 28,995
Right-of-use assets acquired under finance leases 45,318 8,703
Right-of-use assets acquired under operating leases 2,968 0
Repurchases of common stock included in accrued liabilities 11,461 0
Supplemental disclosure of cash flow information:    
Cash paid for interest 67,006 28,865
Cash paid for income taxes, net of refunds $ 1,816 $ 4,411