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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flow from operating activities    
Net income $ 399.7 $ 349.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 116.7 99.1
Stock-based compensation 223.4 260.8
Net loss on real estate assets [1] 2.6 0.0
Amortization of debt issuance costs 7.1 3.2
Net gain on equity investments (0.7) 0.0
Amortization of deferred commissions 20.2 22.6
Non-cash operating lease expense 28.9 27.1
Deferred taxes 33.4 3.2
Other (5.3) (5.2)
Changes in operating assets and liabilities:    
Trade and other receivables, net (1.9) (0.4)
Prepaid expenses and other current assets (28.0) (11.2)
Other assets 5.1 3.3
Accounts payable (2.3) (3.8)
Accrued and other current liabilities (13.8) (12.3)
Accrued compensation and benefits (20.7) (19.2)
Deferred revenue 13.3 13.8
Other non-current liabilities 5.0 3.5
Operating lease liabilities (30.3) (38.8)
Cash paid for lease termination (36.0) (14.9)
Net cash provided by operating activities 716.4 680.3
Cash flow from investing activities    
Capital expenditures (10.5) (19.2)
Purchase of intangible assets (0.4) (0.2)
Business combinations, net of cash acquired (13.1) (57.8)
Purchases of short-term investments 0.0 (62.3)
Proceeds from sales of short-term investments 0.0 164.3
Proceeds from maturities of short-term investments 76.1 283.2
Cash receipts from equipment rebates 14.2 22.4
Other (0.3) (0.4)
Net cash provided by investing activities 66.0 330.0
Cash flow from financing activities    
Proceeds from term loan facility 150.0 0.0
Payments of debt issuance costs and loan commitment fees (17.4) 0.0
Principal payments against term loan facility (7.9) 0.0
Payments for taxes related to net share settlement of restricted stock units and awards (113.9) (109.2)
Proceeds from issuance of common stock, net of taxes withheld 0.1 0.3
Principal payments on finance lease obligations (101.9) (96.2)
Common stock repurchases (1,298.9) (888.3)
Payment of acquisition-related indemnification holdback 0.0 (17.1)
Net cash used in financing activities (1,389.9) (1,110.5)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 11.2 2.9
Change in cash, cash equivalents, and restricted cash (596.3) (97.3)
Cash, cash equivalents, and restricted cash - beginning of period 1,360.5 614.9
Cash, cash equivalents, and restricted cash - end of period 764.2 517.6
Reconciliation of cash, cash equivalents, and restricted cash to amounts on condensed consolidated balance sheets - end of period    
Cash and cash equivalents 730.7 517.6
Restricted cash, current, included in prepaid expenses and other current assets 2.8 0.0
Restricted cash, non-current, included in other assets 30.7 0.0
Total cash, cash equivalents, and restricted cash 764.2 517.6
Supplemental cash flow data:    
Property and equipment acquired under finance leases $ 112.9 $ 120.4
[1] Includes impairment charges related to real estate assets as a result of our Virtual First work model.