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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income $ 155,695 $ 123,146
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 131,471 116,208
Stock-based compensation 54,305 47,493
Provision (benefit) for deferred income taxes 1,764 (2,888)
Amortization of debt discount and issuance costs 16,257 15,633
Other non-cash reconciling items, net 1,226 12,052
Changes in operating assets and liabilities, net of effects of acquisitions:    
Accounts receivable (15,580) (73,913)
Prepaid expenses and other current assets (35,388) (10,434)
Accounts payable and accrued expenses (72,986) (27,458)
Deferred revenue 25,439 26,989
Other current liabilities (716) 928
Other non-current assets and liabilities (11,694) (4,513)
Net cash provided by operating activities 249,793 223,243
Cash flows from investing activities:    
Cash (paid) received for business acquisitions, net of cash acquired (15,638) 106
Cash paid for asset acquisition 0 (36,376)
Purchases of property and equipment (87,222) (141,095)
Capitalization of internal-use software development costs (77,497) (74,334)
Purchases of short- and long-term marketable securities (90,279) (389,779)
Proceeds from sales of short- and long-term marketable securities 7,154 1,179
Proceeds from maturities of short- and long-term marketable securities 226,995 529,637
Other non-current assets and liabilities 179 (76)
Net cash used in investing activities (36,308) (110,738)
Cash flows from financing activities:    
Proceeds related to the issuance of common stock under stock plans 21,410 19,546
Employee taxes paid related to net share settlement of stock-based awards (63,946) (50,835)
Repurchases of common stock (58,241) (80,550)
Net cash used in financing activities (100,777) (111,839)
Effects of exchange rate changes on cash, cash equivalents and restricted cash (7,151) (8,983)
Net increase (decrease) in cash, cash equivalents and restricted cash 105,557 (8,317)
Cash, cash equivalents and restricted cash at beginning of period 353,466 394,146
Cash, cash equivalents and restricted cash at end of period 459,023 385,829
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net of refunds received of $1,846 and $1,204 for the three months ended March 31, 2021 and 2020, respectively 17,736 21,440
Cash paid for interest expense 2,156 2,360
Cash paid for operating lease liabilities 63,673 47,066
Non-cash activities:    
Operating lease right-of-use assets obtained in exchange for operating lease liabilities 82,125 31,050
Purchases of property and equipment and capitalization of internal-use software development costs included in accounts payable and accrued expenses 60,193 22,874
Capitalization of stock-based compensation $ 9,459 $ 8,722