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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flow from operating activities    
Net income $ 132.3 $ 69.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 31.4 42.5
Stock-based compensation 78.0 76.0
Amortization of debt issuance costs 1.1 1.0
Amortization of deferred commissions 7.5 10.7
Non-cash operating lease expense 9.3 12.7
Deferred taxes (0.5) 3.4
Other 1.2 0.7
Changes in operating assets and liabilities:    
Trade and other receivables, net 1.6 (3.8)
Prepaid expenses and other current assets (10.7) (7.2)
Other assets 0.9 1.1
Accounts payable (8.2) (0.3)
Accrued and other current liabilities (5.5) 25.6
Accrued compensation and benefits (66.3) (91.6)
Deferred revenue 16.6 24.7
Other non-current liabilities 1.4 (4.7)
Operating lease liabilities (14.6) (19.9)
Net cash provided by operating activities 175.5 139.9
Cash flow from investing activities    
Capital expenditures (9.2) (1.9)
Purchases of short-term investments (62.3) (30.9)
Proceeds from sales of short-term investments 55.6 152.7
Proceeds from maturities of short-term investments 123.9 77.6
Other 5.7 3.3
Net cash provided by investing activities 113.7 200.8
Cash flow from financing activities    
Payments for taxes related to net share settlement of restricted stock units and awards (41.3) (34.1)
Proceeds from issuance of common stock, net of taxes withheld 0.1 0.2
Principal payments on finance lease obligations (32.1) (32.0)
Common stock repurchases (279.4) (175.4)
Net cash used in financing activities (352.7) (241.3)
Effect of exchange rate changes on cash and cash equivalents (2.5) 0.5
Change in cash and cash equivalents (66.0) 99.9
Cash and cash equivalents - beginning of period 614.9 232.8
Cash and cash equivalents - end of period 548.9 332.7
Supplemental cash flow data:    
Property and equipment acquired under finance leases $ 26.6 $ 34.5