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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Activities    
Net income $ 546,152 $ 75,839
Adjustments to reconcile net income to operating activities:    
Amortization, depreciation and write-offs 221,208 248,100
Stock-based compensation 193,977 164,219
Other 10,300 12,459
Changes in operating assets and liabilities:    
Accounts receivable (125,185) 33,271
Prepaid expenses and other assets 26,161 (5,128)
Accounts payable 15,453 (12,265)
Accrued and other liabilities (40,760) 1,961
Net cash provided by operating activities 847,306 518,456
Investing Activities    
Purchase of non-marketable equity securities (76,333) (16,834)
Acquisition of intangible assets (15,089) (38,356)
Other investing activities (8,569) (2)
Net cash used in investing activities (99,991) (55,192)
Financing Activities    
Repurchases of stock (752,224) (572,101)
Principal repayments of debt (677,863) (16,656)
Payment of withholding taxes related to net share settlement of equity awards (436,480) (56,603)
Payments of licensed asset obligation 0 (15,254)
Proceeds from issuance of debt 1,072,330  
Proceeds from issuance of debt   0
Proceeds from issuance of common stock upon exercise of stock options and purchase of ESPP shares 19,098 8,606
Other financing activities (10,473) (16,105)
Net cash used in financing activities (785,612) (668,113)
Effect of foreign exchange rate on cash and cash equivalents (3,406) 592
Net decrease in cash and cash equivalents (41,703) (204,257)
Cash and cash equivalents at beginning of the period 502,152 1,080,484
Cash and cash equivalents at end of the period 460,449 876,227
Supplemental non-cash investing and financing activities disclosures:    
Right-of-use assets acquired in exchange for lease obligations 12,568 49,565
Acquisitions not yet paid 451 7,463
Repurchase of common stock included in accrued liabilities 0 7,705
Supplemental disclosure of cash flow information:    
Cash paid for interest, net 144,986 118,948
Cash paid for income taxes, net of refunds $ 32,764 $ 6,808