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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities    
Net loss $ (541,764) $ (572,337)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 305,819 331,662
Stock-based compensation expense 485,893 467,743
Gain on repayment of convertible note (61,371) 0
Impairment of property and equipment 22,874 0
Other 14,735 11,557
Changes in assets and liabilities, net of effects of acquisitions:    
Accounts receivable, net 35,463 28,346
Prepaid expenses and other (11,949) 22,354
Other assets 4,367 33,533
Accounts payable 90 568
Accrued expenses and other (15,367) (24,021)
Publisher payables (2,561) (37,362)
Other long-term liabilities (46,782) (59,262)
Deferred revenue 13,914 (40,184)
Net cash provided by operating activities 203,361 162,597
Investing activities    
Purchases of short-term investments 0 (212)
Proceeds from principal repayments and maturities of short-term investments 0 102,673
Purchases of non-marketable investments 0 (2,500)
Purchases of intangible assets (12,860) 0
Purchases of property and equipment (23,107) (44,560)
Net cash provided by (used in) investing activities (35,967) 55,401
Financing activities    
Repayments of convertible note (414,999) 0
Repurchase and retirement of common stock 0 (250,000)
Proceeds from issuance of common stock from employee equity plans 57,302 64,994
Net cash used in financing activities (357,697) (185,006)
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash 2,004 (17,656)
Increase (decrease) in cash, cash equivalents, and restricted cash (188,299) 15,336
Cash, cash equivalents, and restricted cash, beginning of period 1,604,267 1,505,688
Cash, cash equivalents, and restricted cash, end of period 1,415,968 1,521,024
Supplemental disclosure of cash flow information:    
Cash paid for interest 10,000 10,389
Cash paid for income taxes, net of refunds 19,341 15,869
Cash paid for operating leases 39,027 31,645
Supplemental disclosures of non‑cash investing and financing activities:    
Assets acquired under operating lease $ 14,586 $ 37,479