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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flow from operating activities    
Net income $ 226,300,000 $ 224,900,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 127,000,000.0 117,500,000
Stock-based compensation 255,100,000 243,400,000
Impairment related to real estate assets 2,200,000 12,700,000
Amortization of debt issuance costs 3,200,000 3,100,000
Net gains on equity investments 0 (5,000,000.0)
Amortization of deferred commissions 30,200,000 28,900,000
Non-cash operating lease expense 34,000,000.0 48,300,000
Deferred taxes 11,700,000 18,500,000
Other 2,300,000 7,500,000
Changes in operating assets and liabilities:    
Trade and other receivables, net (10,600,000) (2,600,000)
Prepaid expenses and other current assets (24,000,000.0) (23,600,000)
Other assets 6,500,000 3,800,000
Accounts payable 7,400,000 10,300,000
Accrued and other current liabilities (9,300,000) 2,300,000
Accrued compensation and benefits (45,200,000) (35,900,000)
Deferred revenue 31,500,000 26,100,000
Other non-current liabilities (10,600,000) (13,100,000)
Operating lease liabilities (54,400,000) (72,600,000)
Tenant improvement allowance reimbursement 100,000 8,200,000
Net cash provided by operating activities 583,400,000 602,700,000
Cash flow from investing activities    
Capital expenditures (14,300,000) (20,900,000)
Purchases of short-term investments (112,600,000) (439,900,000)
Proceeds from sales of short-term investments 335,800,000 154,200,000
Proceeds from maturities of short-term investments 197,100,000 339,800,000
Proceeds from sales of equity investments 0 10,600,000
Other 11,200,000 12,800,000
Net cash provided by investing activities 417,200,000 56,600,000
Cash flow from financing activities    
Payments of debt issuance costs (100,000) 0
Payments for taxes related to net share settlement of restricted stock units and awards (100,600,000) (91,000,000.0)
Proceeds from issuance of common stock, net of taxes withheld 2,400,000 400,000
Principal payments on finance lease obligations (95,200,000) (96,000,000.0)
Common stock repurchases (433,700,000) (621,100,000)
Net cash used in financing activities (627,200,000) (807,700,000)
Effect of exchange rate changes on cash and cash equivalents (1,900,000) (12,600,000)
Change in cash and cash equivalents 371,500,000 (161,000,000.0)
Cash and cash equivalents - beginning of period 232,800,000 533,000,000.0
Cash and cash equivalents - end of period 604,300,000 372,000,000.0
Supplemental cash flow data:    
Property and equipment acquired under finance leases $ 94,100,000 $ 52,500,000