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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income $ 312,192 $ 285,061
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 269,186 231,788
Stock-based compensation 104,786 96,684
Provision for deferred income taxes 7,225 11,394
Amortization of debt discount and issuance costs 32,717 31,310
Other non-cash reconciling items, net 13,654 14,804
Changes in operating assets and liabilities, net of effects of acquisitions:    
Accounts receivable (4,404) (105,546)
Prepaid expenses and other current assets (10,849) (9,979)
Accounts payable and accrued expenses (83,059) (47,402)
Deferred revenue 18,094 21,342
Other current liabilities (16,230) (1,115)
Other non-current assets and liabilities (15,386) (6,407)
Net cash provided by operating activities 627,926 521,934
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 (194,453) (214,952)
Capitalization of internal-use software development costs (124,835) (120,716)
Purchases of short- and long-term marketable securities (382,236) (842,516)
Proceeds from sales of short- and long-term marketable securities 7,596 29,667
Proceeds from maturities of short- and long-term marketable securities 513,850 984,333
Other non-current assets and liabilities (212) 79
Net cash used in investing activities (195,928) (200,375)
Cash flows from financing activities:    
Proceeds related to the issuance of common stock under stock plans 31,122 29,805
Employee taxes paid related to net share settlement of stock-based awards (76,260) (63,930)
Repurchases of common stock (154,416) (107,880)
Other non-current assets and liabilities (67) 0
Net cash used in financing activities (199,621) (142,005)
Effects of exchange rate changes on cash, cash equivalents and restricted cash (4,148) (828)
Net increase in cash, cash equivalents and restricted cash 228,229 178,726
Cash, cash equivalents and restricted cash at beginning of period 353,466 394,146
Cash, cash equivalents and restricted cash at end of period 581,695 572,872
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net of refunds received of $6,550 and $6,711 for the six months ended June 30, 2021 and 2020, respectively 56,995 26,409
Cash paid for interest expense 2,875 3,079
Cash paid for operating lease liabilities 117,632 94,157
Non-cash activities:    
Operating lease right-of-use assets obtained in exchange for operating lease liabilities 131,962 65,832
Purchases of property and equipment and capitalization of internal-use software development costs included in accounts payable and accrued expenses 43,520 98,235
Capitalization of stock-based compensation 19,524 18,856
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 581,068 572,288
Restricted cash 627 584
Cash, cash equivalents and restricted cash $ 581,695 $ 572,872