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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net (loss) income $ (76.6) $ 13.9
Adjustments to reconcile net (loss) income to net cash from operating activities:    
Stock-based compensation expense 39.9 37.0
Depreciation 4.1 3.3
Amortization of debt issuance costs 0.2 0.4
Amortization of intangible assets 0.9 0.0
Changes in fair value of equity security investments (2.2) (19.9)
Deferred income taxes (31.6) (0.3)
Other (2.4) 0.8
Change in operating assets and liabilities:    
Accounts receivable (41.7) (78.0)
Inventories 1.8 1.5
Accounts payable and accrued liabilities 6.7 11.5
Other assets and liabilities, net (24.3) (10.7)
Cash flows from operating activities (125.2) (40.5)
Cash flows from investing activities:    
Purchases of debt securities available-for-sale (206.2) (192.8)
Sales and maturities of debt securities available-for-sale 203.9 176.5
Purchases of equity security investments (31.3) (7.7)
Capital expenditures (8.5) (7.6)
Cash flows from investing activities (42.1) (31.6)
Cash flows from financing activities:    
Issuances of common stock under benefit plans 8.2 6.1
Cash flows from financing activities 8.2 6.1
Change in cash, cash equivalents and restricted cash (159.1) (66.0)
Cash, cash equivalents and restricted cash at beginning of period 270.7 344.0
Cash, cash equivalents and restricted cash at end of period 111.6 278.0
Supplemental disclosures:    
Non-cash capital expenditures 0.6 2.8
Cash paid for income taxes $ 0.2 $ 0.0