v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities    
Net income $ 2,472,151 $ 1,395,950
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization, depreciation and write-offs 66,228 126,940
Goodwill impairment 0 188,943
Stock-based compensation, excluding cash-settled awards 168,981 97,026
Gain on divestiture, net of transaction costs 0 (106,229)
Other (42,130) 41,617
Changes in operating assets and liabilities:    
Accounts receivable (352,557) (291,551)
Prepaid expenses and other assets (56,890) 20,691
Accounts payable 29,617 39,040
Accrued and other liabilities (124,967) 91,511
Net cash provided by operating activities 2,160,433 1,603,938
Investing Activities    
Proceeds from divestiture, net of cash divested 0 424,702
Purchase of non-marketable equity securities 0 (18,678)
Other investing activities (7,688) (27,140)
Net cash provided by (used in) investing activities (7,688) 378,884
Financing Activities    
Repurchases of common stock (1,532,952) (1,272,429)
Payment of withholding taxes related to net share settlement (46,451) (256,650)
Principal repayments of debt 0 (200,000)
Payments of licensed asset obligation 0 (13,532)
Proceeds from issuance of debt 0 200,000
Other financing activities (3,248) 3,017
Net cash used in financing activities (1,582,651) (1,539,594)
Effect of foreign exchange rate on cash and cash equivalents (3,884) 7,969
Net increase in cash and cash equivalents, including cash from discontinued operations 566,210 451,197
Less: net decrease in cash from discontinued operations 0 (44,381)
Net increase in cash and cash equivalents 566,210 495,578
Cash and cash equivalents at beginning of the period 2,487,096 697,030
Cash and cash equivalents at end of the period 3,053,306 1,192,608
Supplemental non-cash investing and financing activities disclosures:    
Non-cash consideration received from divestiture 0 285,000
Transaction cost in connection with divestiture not yet paid 0 17,405
Right-of-use assets obtained in exchange for lease obligations, net of modifications 60,319 (33,188)
Repurchases of common stock included in accrued liabilities 18,457 0
Acquisitions of software licenses not yet paid 11,897 0
Supplemental disclosure of cash flow information:    
Cash paid for interest 99,653 99,553
Cash paid for income taxes, net of refunds $ 639,820 $ 100,621