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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities:    
Net loss $ (189,544) $ (49,294)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 12,674 16,461
Non-cash operating lease costs 12,800 12,841
Stock-based compensation 162,058 97,988
Deferred income taxes 4,356 (84,786)
Amortization of intangible assets and acquired technology 111,896 142,127
Amortization of debt issuance costs 2,574 2,735
Amortization of investment discount, net of premium (2,976) (280)
Changes in operating assets and liabilities:    
Accounts receivable 182,550 174,716
Prepaid expenses and other assets 25,894 10,341
Accounts payable and accrued liabilities (108,067) (112,792)
Income taxes payable 32,574 22,591
Contract liabilities (81,484) (93,301)
Net cash provided by operating activities 165,305 139,347
Investing activities:    
Purchases of property and equipment (4,919) (1,573)
Purchases of investments (255,073) (181,245)
Maturities of investments 180,007 67,588
Sales of investments 39,510 0
Business acquisition, net of cash acquired (12,476) 0
Net cash used in investing activities (52,951) (115,230)
Financing activities:    
Payment of debt (14,064) (9,376)
Proceeds from issuance of common stock under employee stock purchase plan 28,229 32,790
Payments of offering costs 0 (2,085)
Payments for dividends related to Class B-2 shares (12) (24)
Payments for taxes related to net share settlement of equity awards (26,252) 0
Net activity from derivatives with an other-than-insignificant financing element 0 (4,851)
Proceeds from issuance of shares under equity plans 19,692 17,537
Net cash provided by financing activities 7,593 33,991
Effect of foreign exchange rate changes on cash and cash equivalents (5,719) (16,341)
Net increase in cash and cash equivalents 114,228 41,767
Cash and cash equivalents at beginning of period 497,879 458,096
Cash and cash equivalents at end of period 612,107 499,863
Supplemental disclosures:    
Cash paid for interest 109,089 54,234
Cash paid for income taxes, net of refunds 74,110 72,951
Non-cash investing and financing activities:    
Purchases of property and equipment recorded in accounts payable and accrued liabilities $ 752 $ 1,378