XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 65.5 $ 96.9
Adjustments to reconcile net income to net cash from operating activities:    
Stock-based compensation expense 129.6 98.6
Loss on extinguishment of convertible senior notes 70.0 0.0
Depreciation 11.2 7.9
Amortization of debt discount 0.0 12.1
Amortization of debt issuance costs 1.0 0.8
Change in fair value of equity security investments (23.6) 7.5
Deferred income taxes 5.6 9.0
Other 3.0 7.7
Change in operating assets and liabilities:    
Accounts receivable (115.7) (6.7)
Inventories (6.5) 2.5
Accounts payable and accrued liabilities 77.0 37.7
Other assets and liabilities, net (20.7) (21.7)
Cash flows from operating activities 196.4 252.3
Cash flows from investing activities:    
Purchases of debt securities available-for-sale (387.9) (658.7)
Sales and maturities of debt securities available-for-sale 348.8 523.9
Purchases of equity securities (7.7) (4.6)
Capital expenditures (14.7) (14.5)
Cash flows from investing activities (61.5) (153.9)
Cash flows from financing activities:    
Issuances of common stock under benefit plans 20.1 25.7
Repurchase of convertible senior notes (279.0) (0.1)
Cash flows from financing activities (258.9) 25.6
Change in cash, cash equivalents and restricted cash (124.0) 124.0
Cash, cash equivalents and restricted cash at beginning of period 344.0 190.3
Cash, cash equivalents and restricted cash at end of period 220.0 314.3
Supplemental disclosures:    
Non-cash capital expenditures 0.7 0.3
Right-of-use assets acquired through operating leases 0.0 21.6
Cash paid for interest 4.6 4.3
Cash paid for income taxes $ 4.3 $ 3.4