XML 17 R7.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (84.8) $ (232.1)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 46.4 46.8
Non-cash lease expense 6.7 8.6
Stock-based compensation expense 38.9 30.3
Deferred income taxes (3.0) (1.7)
Unrecognized tax benefits 1.2 2.8
Bad debt expense (0.8) 0.0
Net realized losses on marketable investment securities 0.0 1.5
Impairment of goodwill and long-lived assets 13.6 0.0
Gain on termination of lease (3.1) 0.0
Gain on acquisition (2.2) 0.0
Other non-cash adjustments 2.0 3.0
Changes in assets and liabilities:    
Prepaid expenses and other current assets (4.6) (1.8)
Trade accounts receivable (12.7) (13.7)
Inventory (4.9) (5.0)
Prepaid taxes (0.1) 0.2
Other assets (0.2) (0.2)
Tenant improvement allowance received 0.0 16.3
Accounts payable 5.8 2.2
Accrued liabilities (13.5) 86.6
Net cash used in operating activities (15.3) (56.2)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (15.4) (53.2)
Capitalization of internal-use software costs (8.4) (6.6)
Proceeds from the sale of business, net cash sold 8.8 0.0
Proceeds from maturities and sales of marketable investment securities 9.0 103.7
Net cash provided by (used in) investing activities (6.0) 43.9
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from common stock issued under stock-based compensation plans 3.0 0.0
Payment of tax withheld for common stock issued under stock-based compensation plans (12.2) (7.3)
Proceeds from revolving credit facility 100.0 40.0
Repayment of revolving credit facility (100.0) 0.0
Fees associated with issuance and refinancing of revolving credit facility 0.0 (1.6)
Payment on finance leases (0.3) (0.1)
Net cash provided by (used in) financing activities (9.5) 31.0
Effect of foreign exchange rates on cash, cash equivalents, and restricted cash (0.3) (0.1)
Net (decrease) increase in cash, cash equivalents, and restricted cash (31.1) 18.6
Cash, cash equivalents, and restricted cash at beginning of the period 140.9 66.4
Cash, cash equivalents, and restricted cash at end of the period $ 109.8 $ 85.0