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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities      
Net income (loss) $ (494.1) $ 138.4 $ 82.0
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 202.7 209.7 234.1
Equity-based compensation 191.5 147.0 125.5
Non-cash restructuring charges 29.0 0.0 0.0
Loss on debt extinguishment 0.0 14.8 0.0
Tax receivable agreements liability adjustment 674.7 (8.7) (14.9)
Other 32.7 32.7 (11.4)
Changes in operating assets and liabilities, net of amounts acquired:      
Registry deposits (2.7) 1.1 6.2
Prepaid domain name registry fees (17.5) (15.1) (15.9)
Accounts payable (20.5) 13.6 (3.4)
Accrued expenses and other current liabilities 22.3 40.4 14.9
Deferred revenue 215.6 179.5 158.0
Other operating assets and liabilities (69.1) (30.0) (15.3)
Net cash provided by operating activities 764.6 723.4 559.8
Investing activities      
Purchases of short-term investments 0.0 (64.1) (24.8)
Maturities of short-term investments 23.7 59.9 18.5
Business acquisitions, net of cash acquired (424.7) (40.3) (147.2)
Purchases of intangible assets (15.0) (4.7) (9.3)
Purchases of property and equipment (66.5) (87.6) (87.7)
Other investing activities, net 0.2 1.5 (4.3)
Net cash used in investing activities (482.3) (135.3) (254.8)
Proceeds received from:      
Issuance of term loans 746.3 0.0 0.0
Issuance of Senior Notes 0.0 600.0 0.0
Stock option exercises 77.7 70.7 67.2
Issuance of Class A common stock under employee stock purchase plan 29.6 28.5 21.9
Payments made for:      
Settlement of tax receivable agreements (849.8) 0.0 0.0
Repurchases of Class A common stock (541.7) (458.6) 0.0
Repayment of term loans (28.7) (625.0) (25.0)
Financing-related costs (6.4) (13.2) 0.0
Contingent consideration for business acquisitions (0.5) (54.8) (10.4)
Other financing obligations (8.2) (4.5) (6.7)
Net cash provided by (used in) financing activities (581.7) (456.9) 47.0
Effect of exchange rate changes on cash and cash equivalents 1.8 (0.8) (2.3)
Net increase (decrease) in cash and cash equivalents (297.6) 130.4 349.7
Cash and cash equivalents, beginning of period 1,062.8 932.4 582.7
Cash and cash equivalents, end of period 765.2 1,062.8 932.4
Cash paid during the period for:      
Interest on long-term debt, net of swap benefit 80.5 80.3 84.1
Income taxes, net of refunds received 16.2 6.1 22.8
Amounts included in the measurement of operating lease liabilities 53.0 50.0 0.0
Supplemental disclosure of non-cash transactions:      
Operating lease assets obtained in exchange for operating lease obligations 21.0 126.3 0.0
Acquisition date fair value of contingent consideration 0.0 0.0 45.6
Accrued purchases of property and equipment at period end 3.0 7.4 21.9
Landlord paid tenant improvements included in purchases of property and equipment $ 0.5 $ 11.2 $ 4.1