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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating activities        
Net (loss) $ 6,613 $ (46,804) $ (5,511) $ (67,578)
Adjustments to reconcile net (loss) to cash provided by operating activities        
Stock-based compensation 36,224 36,227 71,005 78,784
Amortization of deferred commissions 14,994 14,750 32,276 29,027
Amortization of intangible assets and depreciation     8,812 9,553
Lease expense     7,844 8,186
Foreign currency transaction loss (437) 3,290 2,825 5,965
(Gain) on capped call transactions 3,277 1,361 (22) (1,845)
Deferred income taxes     232 (136)
(Gain) on investments     (1,628) (4,430)
(Gain) on repurchases of convertible senior notes     0 (7,855)
Other non-cash     (5,056) 2,122
Change in operating assets and liabilities, net     109,466 61,959
Cash provided by operating activities     220,243 113,752
Investing activities        
Purchases of investments     (291,810) (69,662)
Proceeds from maturities and called investments     83,967 88,849
Sales of investments     0 10,725
Investment in property and equipment     (1,857) (13,933)
Cash (used in) provided by investing activities     (209,700) 15,979
Financing activities        
Repurchases of convertible senior notes     0 (88,989)
Dividend payments to stockholders     (5,065) (4,962)
Proceeds from employee stock plans     29,928 8,044
Common stock repurchases for tax withholdings for net settlement of equity awards     (2,360) (1,422)
Other     0 341
Cash provided by (used in) financing activities     22,503 (86,988)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash     (2,842) 1,010
Net increase in cash, cash equivalents, and restricted cash     30,204 43,753
Cash, cash equivalents, and restricted cash, beginning of period     232,827 145,054
Cash, cash equivalents, and restricted cash, end of period 263,031 188,807 263,031 188,807
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents [Abstract]        
Cash and cash equivalents 258,257 186,874 258,257 186,874
Restricted cash included in other current assets 768   768  
Restricted cash included in other long-term assets 4,006 1,933 4,006 1,933
Total cash, cash equivalents, and restricted cash $ 263,031 $ 188,807 $ 263,031 $ 188,807