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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income $ 81,052 $ 54,170
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 34,621 40,097
Losses from sale of investments 1 0
Share-based compensation expense 37,660 26,866
Amortization of operating lease right-of-use assets 2,288 2,522
Deferred income tax benefit (11,080) (24,334)
Other 0 (35)
Changes in operating assets and liabilities, exclusive of effects of acquired companies:    
Accounts receivable 28,176 69,376
Income tax payable 24,508 35,827
Prepaid expenses and other current assets (26,154) (20,240)
Accounts payable 14,346 (1,140)
Operating lease liabilities (2,842) (3,461)
Accrued liabilities (67,490) (48,006)
Deferred revenue (60,099) (61,334)
Other long-term liabilities 1,171 1,531
Net cash provided by operating activities 56,158 71,839
Cash flows from investing activities:    
Additions to property and equipment (2,335) (7,282)
Purchase of marketable security investments (71,993) 0
Proceeds and maturities from marketable security investments 1,756 3,271
Investment in software development (5,550) (7,386)
Cost of acquisitions, net of cash acquired (18,024) (1,302)
Other (23) 18
Net cash used by investing activities (96,169) (12,681)
Cash flows from financing activities:    
Payment on term loans 0 (50,000)
Proceeds from exercise of stock options, net of withheld shares for taxes upon equity award settlement 1,526 10,033
Contributions from employee stock purchase plan 3,970 3,553
Other (4,477) 0
Net cash provided (used) by financing activities 1,019 (36,414)
Net (decrease) increase in cash and cash equivalents (38,992) 22,744
Cash and cash equivalents at beginning of period 744,721 165,493
Cash and cash equivalents at end of period 705,729 188,237
Supplemental cash flow information:    
Cash paid for interest 969 1,741
Cash received for income taxes, net (323) (680)
Non-cash investing and financing activities:    
Non-cash additions to property and equipment $ 125 $ 277