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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 547,629 $ 523,672 $ 651,642
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 570,776 592,754 550,632
Stock-based compensation 328,467 217,185 202,759
Benefit for deferred income taxes (22,987) (104,971) (47,794)
Amortization of debt discount and issuance costs 5,341 4,395 66,025
(Gain) loss on investments (311) 15,895 10,328
Other non-cash reconciling items, net 50,221 31,063 11,495
Changes in operating assets and liabilities, net of effects of acquisitions:      
Accounts receivable (49,203) (21,214) (24,096)
Prepaid expenses and other current assets (18,726) (20,125) 4,034
Accounts payable and accrued expenses (39,825) (26,499) 31,523
Deferred revenue 48 16,713 (2,865)
Other current liabilities 1,516 (5,318) (20,404)
Other non-current assets and liabilities (24,507) 51,126 (28,716)
Net cash provided by operating activities 1,348,439 1,274,676 1,404,563
Cash flows from investing activities:      
Cash paid for business acquisitions, net of cash acquired (106,171) (872,091) (598,825)
Cash paid for asset acquisitions (120,985) 0 0
Purchases of property and equipment (457,909) (241,266) (328,969)
Capitalization of internal-use software development costs (272,131) (217,036) (216,261)
Purchases of short-and long-term marketable securities (1,461,890) (17,975) (932,604)
Proceeds from sales of short-and long-term marketable securities 201,585 575,522 442,133
Proceeds from maturities and redemptions of short-and long-term marketable securities 375,332 156,658 991,949
Other, net (6,069) (6,122) (4,322)
Net cash used in investing activities (1,848,238) (622,310) (646,899)
Cash flows from financing activities:      
Proceeds from borrowings under revolving credit facility 90,000 125,000 0
Repayment of borrowings under revolving credit facility (90,000) (125,000) 0
Proceeds from the issuance of convertible senior notes, net of issuance costs 1,247,388 0 0
Proceeds from the issuance of warrants related to convertible senior notes 90,195 0 0
Purchases of note hedges related to convertible senior notes (236,555) 0 0
Proceeds related to the issuance of common stock under stock plans 62,979 56,462 59,632
Employee taxes paid related to net share settlement of stock awards (66,222) (82,236) (99,112)
Repurchases of common stock (654,046) (608,010) (522,255)
Other, net (360) (393) (268)
Net cash provided by (used in) financing activities 443,379 (634,177) (562,003)
Effects of exchange rate changes on cash, cash equivalents and restricted cash 3,868 (12,918) (11,376)
Net (decrease) increase in cash, cash equivalents and restricted cash (52,552) 5,271 184,285
Cash, cash equivalents and restricted cash at beginning of year 543,022 537,751 353,466
Cash, cash equivalents and restricted cash at end of year 490,470 543,022 537,751
Supplemental disclosure of cash flow information:      
Cash paid for income taxes, net of refunds received of $11,006, $15,458 and $14,808 for the years ended December 31, 2023, 2022 and 2021, respectively 134,478 183,900 100,533
Cash paid for interest expense 6,328 6,158 5,750
Cash paid for operating lease liabilities 257,961 224,898 224,085
Non-cash activities:      
Operating lease right-of-use assets obtained in exchange for operating lease liabilities 333,590 202,409 218,753
Purchases of property and equipment and capitalization of internal-use software development costs included in accounts payable and accrued expenses 65,048 80,170 63,309
Capitalization of stock-based compensation 83,676 33,060 36,545
Reconciliation of cash, cash equivalents and restricted cash:      
Cash and cash equivalents 489,468 542,337 536,725
Restricted cash 1,002 685 1,026
Cash, cash equivalents and restricted cash $ 490,470 $ 543,022 $ 537,751