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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Cash flows from operating activities:          
Net income $ 44,170 $ 39,284 $ 106,676 $ 140,726  
Adjustments to reconcile net income to cash provided by operating activities:          
Depreciation and amortization     97,864 60,746  
Share-based compensation expense     80,360 54,112  
Operating lease right-of-use assets expense     7,016 4,233  
Deferred income tax benefit     (15,681) (2,458)  
Changes in operating assets and liabilities, exclusive of effects of    acquired companies:          
Accounts receivable     2,403 9,394  
Income tax receivable     24,171 (14,270)  
Prepaid expenses and other current assets     (10,456) (7,333)  
Accounts payable     (64,383) (3,904)  
Operating lease liabilities     (3,904) (5,121)  
Accrued liabilities     4,817 6,276  
Deferred revenue     29,609 23,927  
Increase in other long-term liabilities     (1,749) 0  
Net cash provided by operating activities     256,743 266,328  
Cash flows from investing activities:          
Additions to property and equipment     (20,770) (19,064)  
Purchase of marketable security investments     (75,684) (111,329)  
Proceeds from marketable security investments     114,563 61,794  
Purchase of investment in common shares     0 (10,000)  
Proceeds from the sale of investment in preferred shares     0 15,000  
Investment in software     (14,966) (4,316)  
Cost of acquisitions, net of cash acquired     (2,088,394) (261)  
Other     463 13  
Net cash used by investing activities     (2,084,788) (68,163)  
Cash flows from financing activities:          
Net borrowings on revolving credit facility     0 0  
Payment on term loans     (57,500) 0  
Proceeds from term loans     900,000 0  
Proceeds from issuance of convertible senior notes     600,000 0  
Payment of debt issuance costs     (27,165) 0  
Purchase of treasury shares     (12,975) (15,484)  
Payment of contingent consideration     0 (5,619)  
Proceeds from exercise of stock options     46,433 100,732  
Contributions from employee stock purchase plan     9,757 8,209  
Net cash provided by financing activities     1,458,550 87,838  
Net (decrease) increase in cash and cash equivalents     (369,495) 286,003  
Cash and cash equivalents at beginning of period     603,623 232,682 $ 232,682
Cash and cash equivalents at end of period $ 234,128 $ 518,685 $ 234,128 $ 518,685 $ 603,623