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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 154.5 $ 89.6 $ 407.3
Adjustments to reconcile net income to net cash from operating activities:      
Stock-based compensation expense 173.1 134.2 100.0
Depreciation 15.1 10.9 8.6
Amortization of debt discount 0.0 16.2 20.0
Amortization of debt issuance costs 1.2 1.1 1.4
Amortization of intangible assets 0.5 0.0 0.0
Change in fair value of equity securities (30.8) (20.9) 17.7
Deferred income taxes 19.1 4.3 (310.7)
Loss on extinguishment of convertible senior notes 70.0 0.0 18.4
Other 4.1 4.4 3.7
Changes in operating assets and liabilities:      
Accounts receivable (162.2) (28.4) (30.5)
Inventories (2.6) (2.5) (10.7)
Accounts payable and accrued liabilities 114.6 56.8 26.9
Other assets and liabilities, net (17.2) (9.2) (23.6)
Cash flows from operating activities 339.4 256.5 228.5
Cash flows from investing activities:      
Purchases of debt securities available-for-sale (621.2) (800.1) (735.5)
Sales and maturities of debt securities available-for-sale 511.0 697.9 750.5
Acquisition of business, net of cash acquired (42.7) 0.0 0.0
Purchases of equity securities (7.7) (4.6) 0.0
Capital expenditures (16.5) (23.4) (10.9)
Cash flows from investing activities (177.1) (130.2) 4.1
Cash flows from financing activities:      
Issuances of common stock under benefit plans 44.7 27.5 29.1
Repurchases of convertible senior notes (279.0) (0.1) (186.9)
Cash flows from financing activities (234.3) 27.4 (157.8)
Effect of exchange rate changes on cash and cash equivalents (1.3) 0.0 0.0
Change in cash and cash equivalents and restricted cash (73.3) 153.7 74.8
Cash and cash equivalents and restricted cash at beginning of period 344.0 190.3 115.5
Cash and cash equivalents and restricted cash at end of period 270.7 344.0 190.3
Supplemental Disclosure:      
Non-cash capital expenditures 0.7 1.9 1.4
Right-of-use assets acquired through operating leases 0.0 23.4 12.8
Cash paid for interest 6.6 8.6 11.6
Cash paid for income taxes $ 14.4 $ 5.1 $ 15.3