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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows - operating activities    
Net income $ 34,379 $ 8,875
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 9,862 8,700
Deferred income taxes (1,374) (2,333)
Stock-based compensation expense 6,497 6,109
Accretion expense related to earnout payments 1,017 935
Gain on marketable securities (2,650) (980)
Loss on disposal of property and equipment 26 261
Impairment charges 0 16,224
Changes in assets and liabilities:    
Accounts receivable (68,787) (55,842)
Accounts payable (1,530) (2,324)
Accrued expenses (127,064) (124,747)
Restructuring accrual (1,425) 4,386
Deferred revenue 5,975 (673)
Income taxes recoverable and payable, net (9,625) 5,368
Retirement and pension plan assets and liabilities 6,030 5,800
Prepaid expenses (576) (4,652)
Other assets and liabilities, net (14,369) (6,009)
Net cash used in operating activities (163,614) (140,902)
Cash flows - investing activities    
Capital expenditures (6,640) (16,538)
Purchases of marketable securities and investments (296,206) (115,262)
Proceeds from sales of marketable securities and investments 152,431 66,574
Net cash used in investing activities (150,415) (65,226)
Cash flows - financing activities    
Debt issuance costs (360) 0
Cash dividends paid (6,447) (6,398)
Payment of employee tax withholdings on equity transactions (3,776) (3,747)
Net cash used in financing activities (10,583) (10,145)
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash 20,241 (6,423)
Net decrease in cash, cash equivalents and restricted cash (304,371) (222,696)
Cash, cash equivalents and restricted cash at beginning of period 515,813 412,618
Cash, cash equivalents and restricted cash at end of period $ 211,442 $ 189,922