v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities    
Net income $ 639,433 $ 20,424
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 170,598 166,402
Share-based compensation 176,446 206,049
Asset write-down charge 0 11,440
Amortization of deferred and prepaid sales commission costs 117,761 123,003
Amortization of debt discount and issuance costs 2,199 3,553
Loss on early extinguishment of debt 14,722 4,988
Reduction of operating lease right-of-use assets 17,373 18,684
Provision for bad debt 10,892 13,605
Tax benefit related to release of valuation allowance (544,861) 0
Other 5,466 (3,062)
Changes in assets and liabilities:    
Accounts receivable (1,531) (7,298)
Deferred and prepaid sales commission costs (84,493) (78,136)
Prepaid expenses and other assets (2,944) (1,196)
Accounts payable (2,420) 12,500
Accrued and other liabilities 23,942 (4,852)
Deferred revenue 26,838 (298)
Operating lease liabilities (19,052) (17,368)
Net cash provided by operating activities 550,369 468,438
Cash flows from investing activities    
Purchases of property and equipment (24,127) (22,113)
Capitalized internal-use software (48,640) (42,242)
Cash paid for business combination, net of cash acquired (7,929) (20,754)
Net cash used in investing activities (80,696) (85,109)
Cash flows from financing activities    
Proceeds from issuance of stock in connection with stock plans 9,978 9,064
Payments for taxes related to net share settlement of equity awards (22,317) (8,307)
Payments for repurchases of common stock (192,973) (199,036)
Payment of dividends (23,284) 0
Proceeds from issuance of long-term debt 650,000 0
Payments for the settlement of convertible notes (609,065) (161,326)
Repurchases of senior notes, including premium paid (261,375) (53,903)
Repayments of principal on term loan (35,360) (63,875)
Payments for contingent consideration (4,889) 0
Other (1,733) (7,270)
Net cash used in financing activities (491,018) (484,653)
Effect of exchange rate changes (1,101) 3,884
Net decrease in cash, cash equivalents, and restricted cash (22,446) (97,440)
Cash, cash equivalents, and restricted cash    
Beginning of period 132,564 242,811
End of period 110,118 145,371
Supplemental disclosure of cash flow data:    
Cash paid for interest, net of interest rate swap 58,361 49,617
Cash paid for income taxes, net of refunds 12,661 10,295
Non-cash investing and financing activities    
Equipment and capitalized internal-use software purchased and unpaid at period end 6,235 6,095
Indemnity holdback consideration 94 3,000
Contingent consideration $ 1,900 $ 2,000