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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (232.1) $ (69.7)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 46.8 39.0
Non-cash lease expense 8.6 8.6
Stock-based compensation expense 30.3 29.9
Deferred income taxes (1.7) (22.0)
Unrecognized tax benefits 2.8 0.1
Net realized losses on marketable investment securities 1.5 0.0
Impairment of goodwill and long-lived assets 0.0 10.7
Other non-cash adjustments 3.0 2.4
Changes in assets and liabilities:    
Prepaid expenses and other current assets (1.8) 0.4
Trade accounts receivable (13.7) (12.8)
Inventory (5.0) (4.4)
Prepaid taxes 0.2 0.5
Other assets (0.2) (0.9)
Tenant improvement allowance received 16.3 8.6
Accounts payable 2.2 (1.1)
Accrued expenses and other liabilities 86.4 (83.4)
Deferred revenues 0.2 (4.9)
Net cash used in operating activities (56.2) (99.0)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (53.2) (30.7)
Capitalization of internal-use software costs (6.6) 0.0
Purchases of marketable investment securities 0.0 (98.8)
Proceeds from maturities and sales of marketable investment securities 103.7 87.6
Net cash provided by (used in) investing activities 43.9 (41.9)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from common stock issued under stock-based compensation plans 0.0 3.9
Payment of tax withheld for common stock issued under stock-based compensation plans (7.3) (9.1)
Proceeds from revolving credit facility 40.0 0.0
Fees associated with issuance of revolving credit facility (1.6) 0.0
Fees associated with refinancing of revolving credit facility 0.0 (0.7)
Payment on finance leases (0.1) 0.0
Net cash provided by (used in) financing activities 31.0 (5.9)
Effect of foreign exchange rates on cash, cash equivalents, and restricted cash (0.1) (1.3)
Net increase (decrease) in cash, cash equivalents, and restricted cash 18.6 (148.1)
Cash, cash equivalents, and restricted cash at beginning of the period 66.4 258.8
Cash, cash equivalents, and restricted cash at end of the period $ 85.0 $ 110.7