v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flow from operating activities    
Net income $ 210.3 $ 275.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 75.5 77.1
Stock-based compensation 148.4 144.8
Net loss on real estate assets 0.0 2.6
Amortization of debt issuance costs 8.9 4.7
Net loss on equity investments 0.0 0.5
Amortization of deferred commissions 10.7 14.0
Non-cash operating lease expense 20.2 17.3
Deferred taxes 12.9 2.0
Other 0.5 (5.9)
Changes in operating assets and liabilities:    
Trade and other receivables, net 1.9 (3.6)
Prepaid expenses and other current assets (11.9) (21.3)
Other assets 1.7 4.4
Accounts payable 11.5 (3.1)
Accrued and other current liabilities (1.6) (20.0)
Accrued compensation and benefits (40.1) (40.2)
Deferred revenue 19.3 15.6
Other non-current liabilities 3.7 3.1
Operating lease liabilities (28.9) (17.6)
Cash paid for lease termination 0.0 (36.0)
Net cash provided by operating activities 443.0 414.3
Cash flow from investing activities    
Capital expenditures (4.5) (2.1)
Purchase of intangible assets (3.3) (0.4)
Business combinations, net of cash acquired 0.0 (8.4)
Proceeds from sales of short-term investments 0.2 0.0
Proceeds from maturities of short-term investments 89.3 51.0
Cash receipts from equipment rebates 1.5 9.6
Other 2.9 (1.5)
Net cash provided by investing activities 86.1 48.2
Cash flow from financing activities    
Proceeds from term loan facility 1,200.0 0.0
Payments of debt issuance costs and loan commitment fees (13.2) (5.9)
Principal payments against term loan facility (13.5) (5.0)
Repayment of convertible senior notes (695.8) 0.0
Payments for taxes related to net share settlement of restricted stock units and awards (62.9) (78.1)
Proceeds from issuance of common stock, net of taxes withheld 0.0 0.1
Principal payments on finance lease obligations (78.7) (68.3)
Common stock repurchases (697.1) (909.1)
Payment of acquisition-related indemnification holdback (2.6) 0.0
Net cash used in financing activities (363.8) (1,066.3)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (2.8) 12.5
Change in cash, cash equivalents, and restricted cash 162.5 (591.3)
Cash, cash equivalents, and restricted cash - beginning of period 905.9 1,360.5
Cash, cash equivalents, and restricted cash - end of period 1,068.4 769.2
Reconciliation of cash, cash equivalents, and restricted cash to amounts on condensed consolidated balance sheets - end of period    
Cash and cash equivalents 1,056.2 736.3
Restricted cash, current, included in prepaid expenses and other current assets 0.2 2.8
Restricted cash, non-current, included in other assets 12.0 30.1
Total cash, cash equivalents, and restricted cash 1,068.4 769.2
Supplemental cash flow data:    
Property and equipment acquired under finance leases $ 20.3 $ 68.1