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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating Activities    
Net income (loss) $ 184,478 $ (113,435)
Adjustments to reconcile net income (loss) to operating activities:    
Amortization, depreciation and write-offs 369,897 445,507
Stock-based compensation 275,058 143,943
Change in operating right-of-use asset 11,732 13,725
Amortization of debt issuance costs and discount 9,663 9,685
Loss on settlement of debt 4,337 0
Other (3,906) 2,133
Changes in operating assets and liabilities, net of effect of acquisitions:    
Accounts receivable (146,796) (139,350)
Prepaid expenses and other current assets 28,695 (70,242)
Other assets (58,179) (4,616)
Accounts payable 7,955 (7,881)
Operating lease liabilities (12,253) (15,345)
Accrued and other liabilities 32,416 (2,645)
Deferred revenue 14,425 (11,905)
Net cash provided by operating activities 717,522 249,574
Investing Activities    
Acquisitions, net of cash acquired (51,816) (1,335,698)
Purchase of non-marketable equity securities (16,934) (56,546)
Capitalized software development costs (6,523) (4,546)
Purchase of property and equipment (4,002) (621)
Proceeds from sale of assets 8,250 3,657
Net cash used in investing activities (71,025) (1,393,754)
Financing Activities    
Repurchases of stock (1,153,593) (338,880)
Principal repayments of debt (490,494) (17,482)
Payment of withholding taxes related to net share settlement (115,846) 0
Payments of licensed asset obligation (15,254) (17,374)
Principal payments on finance leases (16,191) (18,099)
Payments of deferred acquisition costs (11,503) (104,998)
Payment of debt issuance cost (4,545) 0
Proceeds from issuance of debt 210,281 0
Proceeds from revolving credit facility 185,000 0
Proceeds from exercise of stock options 17,807 21,733
Proceeds from the issuance of common stock under the Employee Stock Purchase Plan 2,071 3,663
Net cash used in financing activities (1,392,267) (471,437)
Effect of foreign exchange rate on cash and cash equivalents (2,223) (11,379)
Net decrease in cash and cash equivalents (747,993) (1,626,996)
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 332,491 943,508
Supplemental non-cash investing and financing activities disclosures:    
Right-of-use assets acquired under finance leases 40,666 37,433
Right-of-use assets acquired under operating leases 4,576 3,400
Acquisitions not yet paid 0 40,791
Issuance of common stock in connection with acquisitions 0 137,422
Supplemental disclosure of cash flow information:    
Cash paid for interest, net 184,600 107,650
Cash paid for income taxes, net of refunds $ 12,749 $ 58,770