v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net (loss) income $ (23,256) $ 116,009
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Stock-based compensation expense 120,618 145,400
Depreciation and amortization expense 52,688 53,933
Provision for expected credit losses 4,908 7,321
Deferred benefit for income taxes (1,018) (4,291)
Asset impairment charge 101,703 0
Other non-cash expense (income), net 34,283 (11,556)
Changes in operating assets and liabilities (net of impact of sale of business):    
Current assets 39,982 50,189
Non-current assets 3,130 (1,124)
Current liabilities (175,134) (141,633)
Non-current liabilities (584) 5,846
Net cash provided by operating activities 157,320 220,094
Cash flows from investing activities    
Purchases of property and equipment (10,112) (5,908)
Website and app development (21,464) (14,093)
Purchases of investments (197,570) (192,863)
Sales and maturities of investments 184,207 185,120
Proceeds from sale of business, net of cash 100,485 0
Net cash provided by (used in) investing activities 55,546 (27,744)
Cash flows from financing activities    
Payment of tax obligations on vested equity awards (28,959) (33,007)
Repurchase of stock (523,852) (308,726)
Proceeds from exercise of stock options 5,654 2,735
Proceeds from issuance of convertible senior notes 700,000 0
Payment of debt issuance costs (10,500) 0
Payments on finance lease obligations (3,045) (3,086)
Other financing, net (17,226) 3,821
Net cash provided by (used in) financing activities 122,072 (338,263)
Effect of exchange rate changes on cash 37,241 (9,199)
Net increase (decrease) in cash and cash equivalents 372,179 (155,112)
Cash and cash equivalents at beginning of period 811,178 914,323
Cash and cash equivalents at end of period 1,183,357 759,211
Supplemental cash flow disclosures:    
Cash paid for income taxes, net of refunds 41,921 35,316
Supplemental non-cash disclosures:    
Stock-based compensation capitalized in website and app development and asset additions in exchange for liabilities $ 15,171 $ 9,675