XML 19 R7.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 873.5 $ 679.1
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 135.2 126.2
Amortization of deferred contract costs 160.0 144.7
Depreciation and amortization 74.1 57.8
Amortization of investment discounts (19.4) (24.9)
Other (44.8) 25.6
Changes in operating assets and liabilities, net of impact of business combinations:    
Accounts receivable—net 262.7 318.9
Inventory (79.6) 85.2
Prepaid expenses and other current assets (32.1) (12.3)
Deferred contract costs (202.5) (136.0)
Deferred tax assets (75.3) (130.3)
Other assets (11.7) (7.6)
Accounts payable 46.8 (67.2)
Accrued liabilities (9.7) (24.9)
Accrued payroll and compensation 22.9 (24.3)
Deferred revenue 204.8 161.7
Other liabilities 10.3 0.7
Net cash provided by operating activities 1,315.2 1,172.4
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of investments (976.5) (974.3)
Sales of investments 5.7 0.0
Maturities of investments 869.6 904.6
Purchases of property and equipment (234.3) (245.0)
Payments made in connection with business combinations, net of cash acquired (41.6) (5.7)
Other 0.1 0.0
Net cash used in investing activities (377.0) (320.4)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchase and retirement of common stock (401.1) 0.0
Proceeds from issuance of common stock 31.3 19.6
Taxes paid related to net share settlement of equity awards (77.0) (63.1)
Other (0.1) (0.8)
Net cash used in financing activities (446.9) (44.3)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 1.3 (2.4)
NET INCREASE IN CASH AND CASH EQUIVALENTS 492.6 805.3
CASH AND CASH EQUIVALENTS—Beginning of period 2,875.9 1,397.9
CASH AND CASH EQUIVALENTS—End of period 3,368.5 2,203.2
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid for income taxes—net 264.0 283.2
Operating lease liabilities arising from obtaining right-of-use assets 24.3 21.6
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Transfers of evaluation units and equipment from inventory to property and equipment 14.7 12.0
Liability for purchase of property and equipment $ 19.4 $ 23.0