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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net income $ 175,689 $ 152,814
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization and impairment of intangible assets 73,469 58,094
Depreciation and amortization of property and equipment 32,130 29,923
Amortization of debt discount and transaction costs 2,337 7,486
Amortization of deferred costs 43,732 37,175
Amortization of operating lease right-of-use assets 21,134 25,666
Stock-based compensation expense 145,435 168,793
Deferred income tax expense 114 8,202
Effects of exchange rate changes on monetary assets and liabilities denominated in foreign currencies 24,764 7,944
Other non-cash items 21,292 (18,925)
Total adjustments to reconcile net income to net cash provided by operating activities 364,407 324,358
Changes in operating assets and liabilities, net of the effects of acquisitions:    
Accounts receivable 174,614 207,883
Inventories (1,901) (2,006)
Prepaid expenses and other current assets (7,312) (22,928)
Other assets (39,071) (44,911)
Income taxes, net (15,895) (70,990)
Accounts payable (15,882) 44,459
Accrued expenses and other current liabilities (79,092) (188,413)
Deferred revenues (108,755) (43,869)
Other liabilities (411) 243
Total changes in operating assets and liabilities, net of the effects of acquisitions (93,705) (120,532)
Net cash provided by operating activities 446,391 356,640
Investing Activities    
Purchases of available-for-sale investments (2,032) (12,151)
Proceeds from sales of available-for-sale investments 12,983 0
Proceeds from maturities of available-for-sale investments 9,371 119,771
Purchases of property and equipment (33,465) (44,876)
Cash paid for acquisitions, net of cash acquired 0 (2,022,304)
Cash paid for licensing agreements, patents and technology (4,715) (4,417)
Other 10,979 6,479
Net cash used in investing activities (6,879) (1,957,498)
Financing Activities    
Proceeds from issuance of common stock under stock-based compensation plan 1,953 20
Proceeds from term loan credit agreement, net of issuance costs 0 997,947
Proceeds from senior notes, net of issuance costs 0 741,393
Repayment of acquired debt 0 (190,000)
Cash paid for tax withholding on vested stock awards (78,868) (101,718)
Cash paid for dividends 0 (91,481)
Other 0 (5,438)
Net cash (used in) provided by financing activities (76,915) 1,350,723
Effect of exchange rate changes on cash and cash equivalents (10,993) (1,648)
Change in cash and cash equivalents 351,604 (251,783)
Cash and cash equivalents at beginning of period 513,993 752,895
Cash and cash equivalents at end of period $ 865,597 $ 501,112