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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flow from operating activities      
Net income $ 452.3 $ 453.6 $ 553.2
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 137.3 170.0 157.1
Stock-based compensation 346.5 338.0 330.7
Net loss (gain) on real estate assets [1] 0.1 (155.2) 175.2
Amortization of debt issuance costs 4.6 4.2 4.2
Net loss (gain) on equity investments 0.2 0.0 (5.0)
Amortization of deferred commissions 30.3 38.6 39.5
Non-cash operating lease expense 35.9 43.5 63.8
Deferred taxes (5.4) 38.4 (396.3)
Other 3.8 (0.6) (0.8)
Changes in operating assets and liabilities:      
Trade and other receivables, net (2.4) (14.5) (5.5)
Prepaid expenses and other current assets (5.4) (41.1) (50.0)
Other assets 6.4 23.3 (9.7)
Accounts payable (4.5) 1.2 13.0
Accrued and other current liabilities (24.7) (20.8) 4.7
Accrued compensation and benefits (4.1) (22.6) (6.8)
Deferred revenue 1.5 21.6 25.6
Other non-current liabilities (6.4) (1.5) (17.9)
Operating lease liabilities (57.0) (65.4) (86.4)
Tenant improvement allowance reimbursement 0.0 1.1 8.7
Cash paid for lease termination (14.9) (28.1) 0.0
Net cash provided by operating activities 894.1 783.7 797.3
Cash flow from investing activities      
Capital expenditures (22.5) (24.3) (33.8)
Purchase of intangible assets (0.2) (0.3) (1.1)
Business combinations, net of cash acquired (57.8) 0.0 (75.4)
Purchases of short-term investments (62.3) (208.7) (571.2)
Proceeds from sales of short-term investments 241.7 352.4 213.7
Proceeds from maturities of short-term investments 313.7 252.2 389.1
Proceeds from sales of equity investments 0.0 0.0 10.6
Other 31.2 23.9 19.6
Net cash provided by (used in) investing activities 443.8 395.2 (48.5)
Cash flow from financing activities      
Proceeds from term loan facility 1,000.0 0.0 0.0
Payments of debt issuance costs (50.1) (0.1) 0.0
Payments for taxes related to net share settlement of restricted stock units and awards (148.7) (135.1) (119.4)
Proceeds from issuance of common stock, net of taxes withheld 0.9 2.5 0.5
Principal payments on finance lease obligations (129.4) (126.6) (127.5)
Common stock repurchases (1,241.6) (539.9) (795.4)
Payment of acquisition-related indemnification holdback (17.7) 0.0 0.0
Net cash used in financing activities (586.6) (799.2) (1,041.8)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (5.7) 2.4 (7.2)
Change in cash, cash equivalents, and restricted cash 745.6 382.1 (300.2)
Cash, cash equivalents, and restricted cash - beginning of period 614.9 232.8 533.0
Cash, cash equivalents, and restricted cash - end of period 1,360.5 614.9 232.8
Reconciliation of cash, cash equivalents, and restricted cash to amounts on consolidated balance sheets - end of period      
Cash and cash equivalents 1,328.3 614.9 232.8
Restricted cash, current included in prepaid expenses and other current assets 1.1 0.0 0.0
Restricted cash, non-current included in other assets 31.1 0.0 0.0
Total cash, cash equivalents, and restricted cash 1,360.5 614.9 232.8
Supplemental cash flow data:      
Interest 15.2 10.5 8.2
Income taxes 61.0 68.2 27.6
Non-cash investing and financing activities:      
Property and equipment received and accrued in accounts payable and accrued liabilities 0.0 2.0 2.6
Property and equipment acquired under finance leases $ 171.6 $ 144.7 $ 105.8
[1] Includes a one-time gain of $158.8 million related to the partial termination of the Company's lease for its San Francisco, California corporate headquarters for the year ended December 31, 2023 and impairment charges related to real estate assets for the years ended December 31, 2024, 2023, and 2022.