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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net income (loss) $ 17,282 $ 34,551
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 43,017 34,965
Share-based compensation expense 33,421 24,811
Deferred income taxes (9,506) 453
Amortization of operating lease right-of-use assets 6,801 5,791
Impairment and abandonment of operating lease right-of-use assets related to facilities 5,093 0
Amortization of debt issuance costs 2,079 1,707
Amortization of discount on convertible senior notes 0 9,195
Changes in operating assets and liabilities:    
Accounts receivable and unbilled receivables (71,418) (19,662)
Inventories (32,625) (6,569)
Prepaid expenses 1,660 (1,415)
Other current assets (1,996) 188
Investment in sales-type leases (12,465) 2,423
Prepaid commissions 6,033 1,852
Other long-term assets 1,455 1,559
Accounts payable (3,130) 15,684
Accrued compensation (11,118) (7,263)
Accrued liabilities 4,682 10,142
Deferred revenues 1,395 27,454
Operating lease liabilities (7,176) (6,247)
Other long-term liabilities 969 (431)
Net cash provided by (used in) operating activities (25,547) 129,188
Investing Activities    
Software development for external use (6,543) (15,415)
Purchases of property and equipment (21,099) (11,067)
Business acquisition, net of cash acquired (3,392) 0
Purchase price adjustments from business acquisitions 5,484 0
Net cash used in investing activities (25,550) (26,482)
Financing Activities    
Proceeds from issuances under stock-based compensation plans 21,123 32,343
Employees’ taxes paid related to restricted stock units (8,470) (6,667)
Change in customer funds, net 5,986 (3,263)
Stock repurchases (52,210) 0
Net cash provided by (used in) financing activities (33,571) 22,413
Effect of exchange rate changes on cash and cash equivalents (2,123) (74)
Net increase (decrease) in cash, cash equivalents, and restricted cash (86,791) 125,045
Cash, cash equivalents, and restricted cash at beginning of period 355,620 489,920
Cash, cash equivalents, and restricted cash at end of period 268,829 614,965
Reconciliation of cash, cash equivalents, and restricted cash to the Condensed Consolidated Balance Sheets:    
Cash and cash equivalents 244,953 614,236
Restricted cash included in other current assets 23,876 729
Cash, cash equivalents, and restricted cash at end of period 268,829 614,965
Supplemental disclosure of non-cash activities    
Unpaid purchases of property and equipment 1,444 607
Transfers between inventory and property and equipment, net $ 314 $ 1,876