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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 123,146 $ 107,130
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 116,208 108,205
Stock-based compensation 47,493 45,305
(Benefit) provision for deferred income taxes (2,888) 8,982
Amortization of debt discount and issuance costs 15,633 11,618
Other non-cash reconciling items, net 12,052 (121)
Changes in operating assets and liabilities, net of effects of acquisitions:    
Accounts receivable (73,913) (43,766)
Prepaid expenses and other current assets (10,434) (13,029)
Accounts payable and accrued expenses (27,458) (85,366)
Deferred revenue 26,989 29,286
Other current liabilities 928 (9,473)
Other non-current assets and liabilities (4,513) 2,079
Net cash provided by operating activities 223,243 160,850
Cash flows from investing activities:    
Cash received (paid) for business acquisitions, net of cash acquired 106 (121,464)
Cash paid for asset acquisition (36,376) 0
Cash paid for equity method investment 0 (40,213)
Purchases of property and equipment (141,095) (69,752)
Capitalization of internal-use software development costs (74,334) (72,677)
Purchases of short- and long-term marketable securities (389,779) (10,625)
Proceeds from sales of short- and long-term marketable securities 1,179 244
Proceeds from maturities of short- and long-term marketable securities 529,637 547,793
Other non-current assets and liabilities (76) 2,935
Net cash (used in) provided by investing activities (110,738) 236,241
Cash flows from financing activities:    
Repayment of convertible senior notes 0 (690,000)
Proceeds related to the issuance of common stock under stock plans 19,546 19,774
Employee taxes paid related to net share settlement of stock-based awards (50,835) (38,639)
Repurchases of common stock (80,550) (34,872)
Other non-current assets and liabilities 0 (1,558)
Net cash used in financing activities (111,839) (745,295)
Effects of exchange rate changes on cash, cash equivalents and restricted cash (8,983) 1,601
Net decrease in cash, cash equivalents and restricted cash (8,317) (346,603)
Cash, cash equivalents and restricted cash at beginning of period 394,146 1,036,987
Cash, cash equivalents and restricted cash at end of period 385,829 690,384
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net of refunds received of $1,204 and $1,176 for the three months ended March 31, 2020 and 2019, respectively 21,440 44,165
Cash paid for interest expense 2,360 0
Cash paid for operating lease liabilities 47,066 30,504
Non-cash activities:    
Operating lease right-of-use assets obtained in exchange for operating lease liabilities 31,050 29,257
Purchases of property and equipment and capitalization of internal-use software development costs included in accounts payable and accrued expenses 22,874 49,627
Capitalization of stock-based compensation $ 8,722 $ 8,831