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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Activities    
Net income (loss) $ 236,183 $ (4,518)
Adjustments to reconcile net income (loss) to operating activities:    
Amortization, depreciation and write-offs 112,667 128,208
Stock-based compensation 95,253 82,966
Other 8,540 9,139
Changes in operating assets and liabilities:    
Accounts receivable (84,836) 65,614
Prepaid expenses and other assets 26,813 (17,549)
Accounts payable 18,056 9,722
Accrued and other liabilities (19,897) 15,080
Net cash provided by operating activities 392,779 288,662
Investing Activities    
Purchase of non-marketable equity securities (28,333) (16,834)
Other investing activities (3,302) 3,859
Net cash used in investing activities (31,635) (12,975)
Financing Activities    
Repurchases of stock (752,224) (64,897)
Principal repayments of debt (668,972) (8,327)
Payment of withholding taxes related to net share settlement (80,144) (19,167)
Payments of licensed asset obligation 0 (15,254)
Proceeds from issuance of debt 1,072,330 0
Proceeds from exercise of stock options 9,782 2,906
Other financing activities (5,384) (6,676)
Net cash used in financing activities (424,612) (111,415)
Effect of foreign exchange rate on cash and cash equivalents (2,348) 1,137
Net increase (decrease) in cash and cash equivalents (65,816) 165,409
Cash and cash equivalents at beginning of the period 502,152 1,080,484
Cash and cash equivalents at end of the period 436,336 1,245,893
Supplemental non-cash investing and financing activities disclosures:    
Right-of-use assets acquired under finance leases 9,942 45,318
Acquisitions not yet paid 13,088 12,969
Repurchase of common stock included in accrued liabilities 0 11,461
Supplemental disclosure of cash flow information:    
Cash paid for interest, net 71,189 67,006
Cash paid for income taxes, net of refunds $ 3,578 $ 1,816