v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities    
Net income $ 30.9 $ 102.9
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 30.7 33.2
Amortization of intangible assets 103.8 146.3
Impairment charges 4.6 1.9
Stock-based compensation 32.7 64.8
Amortization of loan discount 6.3 6.0
Change in contingent consideration 177.0 4.7
Payment of excess acquisition date fair value of contingent consideration (111.0) 0.0
Change in deferred taxes, net (7.2) (13.4)
Loss (gain) from foreign currency 0.7 7.5
Non-cash lease expense (income), net (1.6) 8.4
Other operating activities 0.3 (0.5)
Changes in operating assets and liabilities:     
Accounts receivable 16.7 22.3
Prepaid expenses and other current and non-current assets 0.9 (68.5)
Accounts payable  (25.4) 3.7
Accrued expenses and other current and non-current liabilities (35.0) (37.5)
Net cash provided by operating activities  224.4 281.8
Cash flows from investing activities    
Purchase of property and equipment (18.3) (25.6)
Capitalization of internal use software costs (17.7) (21.0)
Purchase of software for internal use (10.9) (17.3)
Proceeds from short-term investments 135.6 148.1
Purchase of short-term investments (19.6) (200.6)
Other investing activities (0.1) 0.6
Net cash provided by (used in) investing activities 69.0 (115.8)
Cash flows from financing activities    
Dividend paid (37.7) (112.5)
Repayments on bank borrowings (14.3) (14.3)
Payment of tax withholdings on stock-based payments (1.3) (2.3)
Payment for share buyback 0.0 (16.1)
Payment of contingent consideration (350.0) 0.0
Net cash used in financing activities (403.3) (145.2)
Effect of exchange rate changes on cash and cash equivalents and restricted cash (0.7) 0.9
Net change in cash, cash equivalents and restricted cash (110.6) 21.7
Cash, cash equivalents and restricted cash at the beginning of the period 685.7 567.7
Cash, cash equivalents and restricted cash at the end of the period 575.1 589.4
Supplemental cash flow disclosures    
Cash paid for income taxes 34.8 129.4
Cash paid for interest 110.4 109.5
Non-cash financing and investing activities    
Accrued purchases of property and equipment and intangible assets 4.3 4.5
Right-of-use assets acquired under operating leases 3.9 55.3
Capitalization of stock-based compensation costs 0.2 0.8
Accrued dividend $ 0.0 $ 37.6