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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Operating activities        
Net income (loss) $ 43,364 $ (14,390) $ 158,863 $ (19,901)
Adjustments to reconcile net income (loss) to cash provided by operating activities        
Stock-based compensation 43,041 37,213 121,196 108,218
Amortization of deferred commissions 16,916 14,867 50,494 47,143
Amortization of intangible assets and depreciation     9,414 13,289
Amortization of right-of-use lease assets     8,988 13,748
Foreign currency transaction loss (7,154) 4,405 12,179 7,230
Loss on capped call transactions 0 689 223 667
Deferred income taxes     235 (67)
(Accretion) of investments     (2,574) (10,944)
(Gain) on investments     (19,438) (1,628)
Other non-cash     1,526 2,380
Change in operating assets and liabilities, net     5,690 90,562
Cash provided by operating activities     346,796 250,697
Investing activities        
Purchases of investments     (238,956) (417,310)
Proceeds from maturities and called investments     362,436 206,232
Sales of investments     99,902 0
Investment in property and equipment     (8,485) (4,921)
Cash provided by (used in) investing activities     214,897 (215,999)
Financing activities        
Repurchases of convertible senior notes     (467,864) 0
Dividend payments to stockholders     (10,306) (7,626)
Proceeds from employee stock plans     129,112 48,811
Common stock repurchases for tax withholdings for net settlement of equity awards     (12,644) (2,987)
Common stock repurchases under stock repurchase program     (394,689) (11,249)
Cash (used in) provided by financing activities     (756,391) 26,949
Effect of exchange rate changes on cash, cash equivalents, and restricted cash     6,971 4,591
Net (decrease) increase in cash, cash equivalents, and restricted cash     (187,727) 66,238
Cash, cash equivalents, and restricted cash, beginning of period     341,529 232,827
Cash, cash equivalents, and restricted cash, end of period 153,802 299,065 153,802 299,065
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation [Abstract]        
Cash and cash equivalents 148,699 287,649 148,699 287,649
Restricted cash included in other current assets 0 184 0 184
Restricted cash included in other long-term assets 5,103 11,232 5,103 11,232
Total cash, cash equivalents, and restricted cash $ 153,802 $ 299,065 $ 153,802 $ 299,065