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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income $ 557,054 $ 478,035 $ 298,373
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 478,389 440,674 434,520
Stock-based compensation 197,411 187,140 183,813
(Benefit) provision for deferred income taxes (33,821) 933 2,339
Amortization of debt discount and issuance costs 62,823 45,857 41,958
Other non-cash reconciling items, net 23,027 8,528 17,018
Changes in operating assets and liabilities, net of effects of acquisitions:      
Accounts receivable (90,381) (64,471) (30,445)
Prepaid expenses and other current assets (25,395) 11,689 (4,132)
Accounts payable and accrued expenses 39,211 8,769 42,238
Deferred revenue (1,318) (13,547) (919)
Other current liabilities 18,101 (17,230) 9,422
Other non-current assets and liabilities (10,101) (28,073) 14,142
Net cash provided by operating activities 1,215,000 1,058,304 1,008,327
Cash flows from investing activities:      
Cash paid for acquisitions, net of cash acquired (127,999) (165,329) (79)
Cash paid for asset acquisition (36,376) 0 0
Cash paid for equity method investment 0 (36,008) 0
Purchases of property and equipment (514,313) (359,667) (217,609)
Capitalization of internal-use software development costs (217,559) (202,410) (188,132)
Purchases of short-and long-term marketable securities (1,782,849) (1,990,148) (873,697)
Proceeds from sales of short-and long-term marketable securities 30,350 856 16,569
Proceeds from maturities of short-and long-term marketable securities 1,597,651 1,084,373 758,481
Other non-current assets and liabilities 8,121 399 (2,066)
Net cash used in investing activities (1,042,974) (1,667,934) (506,533)
Cash flows from financing activities:      
Proceeds from the issuance of convertible senior notes 0 1,135,629 1,132,185
Proceeds from the issuance of warrants 0 185,150 119,945
Purchase of note hedge related to convertible senior notes 0 (312,225) (261,740)
Repayment of convertible senior notes 0 (690,000) 0
Proceeds related to the issuance of common stock under stock plans 59,775 57,112 62,608
Employee taxes paid related to net share settlement of stock-based awards (89,828) (75,266) (64,305)
Repurchases of common stock (193,588) (334,519) (750,000)
Other non-current assets and liabilities 0 (1,558) (5,085)
Net cash (used in) provided by financing activities (223,641) (35,677) 233,608
Effects of exchange rate changes on cash, cash equivalents and restricted cash 10,935 2,466 (12,844)
Net (decrease) increase in cash, cash equivalents and restricted cash (40,680) (642,841) 722,558
Cash, cash equivalents and restricted cash at beginning of year 394,146 1,036,987 314,429
Cash, cash equivalents and restricted cash at end of year 353,466 394,146 1,036,987
Supplemental disclosure of cash flow information:      
Cash paid for income taxes, net of refunds received in the years ended December 31, 2020, 2019 and 2018 of $17,491, $3,731 and $18,501, respectively 79,163 73,898 45,129
Cash paid for interest expense 5,954 1,438 639
Cash paid for operating lease liabilities 201,856 153,818  
Non-cash activities:      
Operating lease right-of-use assets obtained in exchange for operating lease liabilities 200,735 529,376  
Purchases of property and equipment and capitalization of internal-use software development costs included in accounts payable and accrued expenses 75,666 88,238 54,867
Capitalization of stock-based compensation $ 38,333 $ 35,905 $ 34,785