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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 238,700 $ 312,192
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 293,199 269,186
Stock-based compensation 108,109 104,786
(Benefit) provision for deferred income taxes (43,464) 7,225
Amortization of debt discount and issuance costs 2,210 32,717
Loss on investments 15,895 11,514
Other non-cash reconciling items, net 22,643 2,140
Changes in operating assets and liabilities, net of effects of acquisitions:    
Accounts receivable (3,947) (4,404)
Prepaid expenses and other current assets (38,132) (10,849)
Accounts payable and accrued expenses (59,975) (83,059)
Deferred revenue 26,178 18,094
Other current liabilities (5,901) (16,230)
Other non-current assets and liabilities 8,367 (15,386)
Net cash provided by operating activities 563,882 627,926
Cash flows from investing activities:    
Cash paid for acquisitions, net of cash acquired (872,099) (15,638)
Purchases of property and equipment (125,220) (194,453)
Capitalization of internal-use software development costs (124,306) (124,835)
Purchases of short- and long-term marketable securities 0 (382,236)
Proceeds from sales of short- and long-term marketable securities 573,274 7,596
Proceeds from maturities and redemptions of short- and long-term marketable securities 120,433 513,850
Other, net (4,206) (212)
Net cash used in investing activities (432,124) (195,928)
Cash flows from financing activities:    
Net proceeds from borrowings and repayments under revolving credit facility 75,000 0
Proceeds related to the issuance of common stock under stock plans 29,145 31,122
Employee taxes paid related to net share settlement of stock-based awards (63,142) (76,260)
Repurchases of common stock (267,642) (154,416)
Other, net (104) (67)
Net cash used in financing activities (226,743) (199,621)
Effects of exchange rate changes on cash, cash equivalents and restricted cash (15,260) (4,148)
Net (decrease) increase in cash, cash equivalents and restricted cash (110,245) 228,229
Cash, cash equivalents and restricted cash at beginning of period 537,751 353,466
Cash, cash equivalents and restricted cash at end of period 427,506 581,695
Supplemental disclosures of cash flow information:    
Cash paid for income taxes, net of refunds received of $2,061 and $6,550 for the six months ended June 30, 2022 and 2021, respectively 113,082 56,995
Cash paid for interest expense 2,875 2,875
Cash paid for operating lease liabilities 111,601 117,632
Non-cash activities:    
Operating lease right-of-use assets obtained in exchange for operating lease liabilities 78,189 131,962
Purchases of property and equipment and capitalization of internal-use software development costs included in accounts payable and accrued expenses 39,075 43,520
Capitalization of stock-based compensation 16,180 19,524
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 426,710 581,068
Restricted cash 796 627
Cash, cash equivalents and restricted cash $ 427,506 $ 581,695