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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows from Operating Activities:    
Net income $ 74.4 $ 117.0
Reconciliation of net income to net cash provided by operating activities:    
Share-based compensation expense 61.5 52.3
Depreciation 5.1 4.2
Amortization of debt discount 7.9 10.0
Amortization of debt issuance costs 0.6 0.7
Change in fair value of equity security investments (0.7) 5.2
Deferred income taxes 3.3 0.0
Other 5.6 0.7
Change in operating assets and liabilities:    
Accounts receivable (1.4) (21.8)
Inventories (0.3) (4.7)
Accounts payable and accrued liabilities 29.0 (5.1)
Other assets and liabilities, net 5.5 (4.1)
Net cash provided by operating activities 190.5 154.4
Cash Flows from Investing Activities:    
Purchases of debt securities available-for-sale (383.1) (288.6)
Sales and maturities of debt securities available-for-sale 364.2 421.2
Purchases of property and equipment (8.8) (6.0)
Net cash (used in) provided by investing activities (27.7) 126.6
Cash Flows from Financing Activities:    
Issuances of common stock under benefit plans 18.2 21.8
Partial repurchase of convertible senior notes (0.1) 0.0
Net cash provided by financing activities 18.1 21.8
Change in cash, cash equivalents and restricted cash 180.9 302.8
Cash, cash equivalents and restricted cash at beginning of period 190.3 115.5
Cash, cash equivalents and restricted cash at end of period 371.2 418.3
Supplemental Disclosure:    
Non-cash capital expenditures 2.2 0.9
Right-of-use assets acquired through operating leases 21.6 0.0
Cash paid for interest 4.3 5.8
Cash paid for income taxes $ 1.6 $ 0.0