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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating activities        
Net (loss) $ (7,279) $ (93,520) $ (74,857) $ (380,195)
Adjustments to reconcile net (loss) to cash provided by (used in) operating activities        
Stock-based compensation 31,299 33,774 110,083 93,301
Deferred income taxes     (188) 169,489
Loss on capped call transactions 2,294 6,876 449 56,381
Amortization of deferred commissions 14,947 11,597 43,974 39,752
Lease expense     12,018 11,500
Amortization of intangible assets and depreciation     14,181 12,381
Foreign currency transaction loss (gain) (1,994) (3,826) 3,971 (8,415)
Other non-cash     (16,487) (1,705)
Change in operating assets and liabilities, net     44,776 (5,935)
Cash provided by (used in) operating activities     137,920 (13,446)
Investing activities        
Purchases of investments     (190,466) (39,056)
Proceeds from maturities and called investments     169,836 53,952
Sales of investments     10,725 18,415
Payments for acquisitions, net of cash acquired     0 (922)
Investment in property and equipment     (14,271) (22,285)
Cash (used in) provided by investing activities     (24,176) 10,104
Financing activities        
Repurchases of convertible senior notes     (88,989) 0
Dividend payments to stockholders     (7,458) (7,368)
Proceeds from employee stock purchase plan     6,127 7,166
Proceeds from stock option exercises     6,602 0
Common stock repurchases     (1,654) (43,282)
Other     341 0
Cash (used in) financing activities     (85,031) (43,484)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash     (1,621) (5,513)
Net increase (decrease) in cash, cash equivalents, and restricted cash     27,092 (52,339)
Cash, cash equivalents, and restricted cash, beginning of period     145,054 159,965
Cash, cash equivalents, and restricted cash, end of period 172,146 107,626 172,146 107,626
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents [Abstract]        
Cash and cash equivalents 169,023 107,626 169,023 107,626
Restricted cash included in other long-term assets 3,123 0 3,123 0
Total cash, cash equivalents, and restricted cash $ 172,146 $ 107,626 $ 172,146 $ 107,626