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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 127,016 $ 133,163
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 114,198 116,950
Losses from sale of investments 1 44
Share-based compensation expense 80,905 77,991
Change in fair value in available-for-sale investments 0 0
Amortization of operating lease right-of-use assets 12,258 9,240
Deferred income tax benefit (44,000) (32,845)
Other 398 0
Changes in operating assets and liabilities, exclusive of effects of acquired companies:    
Accounts receivable (37,768) (34,163)
Income tax payable (51,300) 10,759
Prepaid expenses and other current assets (11,594) (6,568)
Accounts payable 27,848 (13,750)
Operating lease liabilities (8,224) (9,324)
Accrued liabilities (10,607) (23,797)
Deferred revenue 28,357 20,592
Other long-term liabilities 5,533 11,306
Net cash provided by operating activities 233,021 259,598
Cash flows from investing activities:    
Additions to property and equipment (12,506) (17,441)
Purchase of marketable security investments (10,617) (20,428)
Proceeds and maturities from marketable security investments 45,452 55,052
Investment in software development (27,447) (25,557)
Cost of acquisitions, net of cash acquired (35,540) (117,706)
Other 48 326
Net cash used by investing activities (40,610) (125,754)
Cash flows from financing activities:    
Payment on term loans (255,000) (270,000)
Proceeds from exercise of stock options, net of withheld shares for taxes upon equity award settlement 8,438 298
Contributions from employee stock purchase plan 11,780 12,614
Net cash used by financing activities (234,782) (257,088)
Net decrease in cash and cash equivalents (42,371) (123,244)
Cash and cash equivalents at beginning of period 173,857 309,171
Cash and cash equivalents at end of period 131,486 185,927
Supplemental cash flow information:    
Cash paid for interest 16,820 14,706
Cash paid for income taxes, net 118,000 35,324
Non-cash investing and financing activities:    
Non-cash additions to property and equipment $ 834 $ 32