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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating Activities    
Net income $ 1,395,950 $ 546,152
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization, depreciation and write-offs 126,940 221,208
Goodwill impairment 188,943 0
Stock-based compensation, excluding cash-settled awards 97,026 193,977
Gain on divestiture, net of transaction costs (106,229) 0
Other 41,617 10,300
Changes in operating assets and liabilities:    
Accounts receivable (291,551) (125,185)
Prepaid expenses and other assets 20,691 26,161
Accounts payable 39,040 15,453
Accrued and other liabilities 91,511 (40,760)
Net cash provided by operating activities 1,603,938 847,306
Investing Activities    
Proceeds from divestiture, net of cash divested 424,702 0
Purchase of non-marketable equity securities (18,678) (76,333)
Other investing activities (27,140) (23,658)
Net cash provided by (used in) investing activities 378,884 (99,991)
Financing Activities    
Repurchases of common stock (1,272,429) (752,224)
Payment of withholding taxes related to net share settlement (256,650) (436,480)
Principal repayments of debt (200,000) (677,863)
Payments of licensed asset obligation (13,532) 0
Proceeds from issuance of debt 200,000 1,072,330
Proceeds from issuance of common stock upon exercise of stock options and purchase of ESPP shares 14,824 19,098
Other financing activities (11,807) (10,473)
Net cash used in financing activities (1,539,594) (785,612)
Effect of foreign exchange rate on cash and cash equivalents 7,969 (3,406)
Net increase (decrease) in cash and cash equivalents, including cash classified within current assets of discontinued operations 451,197 (41,703)
Less: net (decrease) in cash classified within current assets of discontinued operations (44,381) 0
Net increase (decrease) in cash and cash equivalents 495,578 (41,703)
Cash and cash equivalents at beginning of the period 697,030 502,152
Cash and cash equivalents at end of the period 1,192,608 460,449
Supplemental non-cash investing and financing activities disclosures:    
Non-cash consideration received from divestiture 285,000 0
Transaction cost in connection with divestiture not yet paid 17,405 0
Right-of-use assets obtained in exchange for lease obligations, net of modifications (33,188) 12,568
Supplemental disclosure of cash flow information:    
Cash paid for interest 99,553 144,986
Cash paid for income taxes, net of refunds $ 100,621 $ 32,764