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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating Activities    
Net income (loss) $ (11,549) $ 17,282
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 44,054 43,017
Loss on disposal of property and equipment 993 0
Share-based compensation expense 28,131 33,421
Deferred income taxes (11,019) (9,506)
Amortization of operating lease right-of-use assets 4,225 6,801
Impairment and abandonment of operating lease right-of-use assets related to facilities 7,815 5,093
Amortization of debt issuance costs 2,091 2,079
Changes in operating assets and liabilities:    
Accounts receivable and unbilled receivables 26,463 (71,418)
Inventories 17,820 (32,625)
Prepaid expenses 3,576 1,660
Other current assets 773 (1,996)
Investment in sales-type leases (1,707) (12,465)
Prepaid commissions 4,706 6,033
Other long-term assets 43 1,455
Accounts payable (15,806) (3,130)
Accrued compensation (20,980) (11,118)
Accrued liabilities (4,646) 4,682
Deferred revenues 16,540 1,395
Operating lease liabilities (5,396) (7,176)
Other long-term liabilities (454) 969
Net cash provided by (used in) operating activities 85,673 (25,547)
Investing Activities    
External-use software development costs (6,685) (6,543)
Purchases of property and equipment (21,772) (21,099)
Business acquisition, net of cash acquired 0 (3,392)
Purchase price adjustments from business acquisitions 0 5,484
Net cash used in investing activities (28,457) (25,550)
Financing Activities    
Proceeds from issuances under stock-based compensation plans 15,203 21,123
Employees’ taxes paid related to restricted stock units (3,465) (8,470)
Change in customer funds, net (4,273) 5,986
Stock repurchases 0 (52,210)
Net cash provided by (used in) financing activities 7,465 (33,571)
Effect of exchange rate changes on cash and cash equivalents 148 (2,123)
Net increase (decrease) in cash, cash equivalents, and restricted cash 64,829 (86,791)
Cash, cash equivalents, and restricted cash at beginning of period 352,835 355,620
Cash, cash equivalents, and restricted cash at end of period 417,664 268,829
Reconciliation of cash, cash equivalents, and restricted cash to the Condensed Consolidated Balance Sheets:    
Cash and cash equivalents 399,464 244,953
Restricted cash included in other current assets 18,200 23,876
Cash, cash equivalents, and restricted cash at end of period 417,664 268,829
Supplemental disclosure of non-cash investing activities    
Unpaid purchases of property and equipment 464 1,444
Transfers between inventory and property and equipment, net $ 0 $ 314