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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (96,933) $ (650,033)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 156,170 218,968
Non-cash reduction to the right-of-use asset 14,157 21,815
Net amortization of investment premium and discount (18,100) 4,403
Impairment of long-lived assets 0 34,278
Stock-based compensation including restructuring 460,824 509,367
Amortization of deferred commissions 56,984 54,428
Unrealized loss on equity securities 2,641 9,750
Provision for doubtful accounts 18,123 41,454
Share of losses from equity method investment 78,794 93,838
Loss on net assets divested 0 32,277
Impairment of strategic investments 1,470 46,154
Other adjustments 7,673 15,807
Changes in operating assets and liabilities:    
Accounts receivable (12,646) (69,116)
Prepaid expenses and other current assets 33,590 (56,506)
Other long-term assets (19,443) (15,367)
Accounts payable (49,256) (2,578)
Accrued expenses and other current liabilities 16,035 (59,677)
Deferred revenue and customer deposits (5,748) 6,827
Operating lease liabilities (35,391) (41,446)
Other long-term liabilities (1,149) (2,436)
Net cash provided by operating activities 607,795 192,207
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions, net of cash acquired and payments related to prior period acquisitions 0 (5,770)
Divestitures, net of cash divested 0 38,194
Purchases of marketable securities and other investments (739,721) (1,391,975)
Proceeds from sales and maturities of marketable securities 2,025,267 1,764,841
Capitalized software development costs (40,259) (30,526)
Purchases of long-lived and intangible assets (3,548) (9,019)
Net cash provided by investing activities 1,241,739 365,745
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments on debt and finance leases (10,208) (13,763)
Value of equity awards withheld for tax liabilities (1,981) (2,536)
Repurchases of shares of Class A common stock and related costs (1,914,282) (548,871)
Proceeds from exercises of stock options and shares of Class A common stock issued under ESPP 22,669 28,949
Net cash used in financing activities (1,903,802) (536,221)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 0 108
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (54,268) 21,839
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of period 655,931 656,078
CASH, CASH EQUIVALENTS AND RESTRICTED CASH —End of period 601,663 677,917
Cash paid for income taxes, net 25,225 22,916
Cash paid for interest 37,842 38,216
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONDENSED CONSOLIDATED BALANCE SHEETS    
Cash and cash equivalents 583,969 677,917
Restricted cash in other current assets 7,554 0
Restricted cash in other long-term assets 10,140 0
Total cash, cash equivalents and restricted cash $ 601,663 $ 677,917