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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating activities        
Net (loss) $ (14,390) $ (7,279) $ (19,901) $ (74,857)
Adjustments to reconcile net (loss) to cash provided by operating activities        
Stock-based compensation 37,213 31,299 108,218 110,083
Amortization of deferred commissions 14,867 14,947 47,143 43,974
Amortization of intangible assets and depreciation     13,289 14,181
Lease expense     13,748 12,018
Foreign currency transaction loss 4,405 (1,994) 7,230 3,971
Loss on capped call transactions 689 2,294 667 449
Deferred income taxes     (67) (188)
(Gain) on investments     (1,628) (10,841)
(Gain) on repurchases of convertible senior notes     0 (7,855)
Other non-cash     (8,564) 2,209
Change in operating assets and liabilities, net     90,562 44,776
Cash provided by operating activities     250,697 137,920
Investing activities        
Purchases of investments     (417,310) (190,466)
Proceeds from maturities and called investments     206,232 169,836
Sales of investments     0 10,725
Investment in property and equipment     (4,921) (14,271)
Cash (used in) investing activities     (215,999) (24,176)
Financing activities        
Repurchases of convertible senior notes     0 (88,989)
Dividend payments to stockholders     (7,626) (7,458)
Proceeds from employee stock plans     48,811 12,729
Common stock repurchases for tax withholdings for net settlement of equity awards     (2,987) (1,654)
Common stock repurchases under stock repurchase program     (11,249) 0
Other     0 341
Cash provided by (used in) financing activities     26,949 (85,031)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash     4,591 (1,621)
Net increase in cash, cash equivalents, and restricted cash     66,238 27,092
Cash, cash equivalents, and restricted cash, beginning of period     232,827 145,054
Cash, cash equivalents, and restricted cash, end of period 299,065 172,146 299,065 172,146
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents [Abstract]        
Cash and cash equivalents 287,649 169,023 287,649 169,023
Restricted cash included in other current assets 184   184  
Restricted cash included in other long-term assets 11,232 3,123 11,232 3,123
Total cash, cash equivalents, and restricted cash $ 299,065 $ 172,146 $ 299,065 $ 172,146