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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities:      
Net income $ 407.3 $ 37.0 $ 21.1
Reconciliation of net income to net cash provided by operating activities:      
Share-based compensation expense 100.0 75.3 58.1
Depreciation 8.6 7.4 4.0
Amortization of debt discount 20.0 18.9 17.6
Amortization of debt issuance costs 1.4 1.4 1.3
Change in fair value of equity securities 17.7 13.0 0.0
Deferred income taxes (including benefit from valuation allowance release) (310.7) 0.0 0.0
Loss on extinguishment of convertible senior notes 18.4 0.0 0.0
Other 3.7 (1.2) 1.0
Changes in operating assets and liabilities:      
Accounts receivable (30.5) (69.2) (25.1)
Inventories (10.7) (6.4) (3.5)
Accounts payable and accrued liabilities 26.9 54.0 24.2
Other assets and liabilities, net (23.6) 16.8 2.7
Net cash provided by operating activities 228.5 147.0 101.4
Cash Flows from Investing Activities:      
Purchases of debt securities available-for-sale (735.5) (797.2) (545.9)
Sales and maturities of debt securities available-for-sale 750.5 669.7 327.8
Purchases of equity securities 0.0 (68.9) 0.0
Purchases of property and equipment (10.9) (14.7) (24.8)
Net cash provided by (used in) investing activities 4.1 (211.1) (242.9)
Cash Flows from Financing Activities:      
Issuances of common stock under benefit plans 29.1 32.4 29.5
Partial repurchase of convertible senior notes (186.9) 0.0 0.0
Net cash (used in) provided by financing activities (157.8) 32.4 29.5
Change in cash and cash equivalents and restricted cash 74.8 (31.7) (112.0)
Cash and cash equivalents and restricted cash at beginning of period 115.5 147.2 259.2
Cash and cash equivalents and restricted cash at end of period 190.3 115.5 147.2
Supplemental Disclosure:      
Non-cash capital expenditures 1.4 1.0 2.3
Right-of-use assets acquired through operating leases 12.8 77.1 0.0
Cash paid for interest 11.6 11.6 11.6
Cash paid for income taxes $ 15.3 $ 0.5 $ 0.0