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| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | ($46.9m) | ($56.3m) | ($37.1m) | ($86.4m) | ($165.2m) | ($117.2m) | ($424.9m) | $33.1m | $138.3m | $50.6m | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($46.9m) | ($56.3m) | ($37.1m) | ($86.4m) | ($165.2m) | ($117.2m) | ($424.9m) | $33.1m | $138.3m | $50.6m | |
| Amortization | $747k | $2.8m | $2.8m | — | — | $5.0m | $6.2m | $6.0m | $5.9m | $7.0m | |
| Amortization of Debt Issuance Costs and Discounts | — | — | $10.0m | $20.9m | $30.0m | $5.3m | $5.2m | $4.2m | $3.2m | $3.8m | |
| Amortization of Intangible Assets | $747k | $2.8m | $2.8m | $4.6m | $2.6m | $5.0m | $6.2m | $6.0m | $5.9m | $7.0m | |
| Depreciation | $4.5m | $5.7m | $8.7m | $12.1m | $14.6m | $13.9m | $16.6m | $20.5m | $25.2m | $24.5m | |
| Amortization of premium and discount, accrued interest, and other gains (losses) on marketable debt securities, net | — | ($77k) | ($99k) | ($346k) | $4.5m | $7.8m | $6.3m | $8.3m | ($13.4m) | ($41.2m) | |
| Deferred Income Tax Expense (Benefit) | ($317k) | ($2.7m) | ($981k) | ($711k) | $15.5m | $53.6m | ($57.9m) | ($6.0m) | $953k | — | |
| Changes in deferred income taxes, net | ($317k) | ($2.7m) | ($959k) | $935k | $12.1m | $54.5m | ($57.9m) | ($8.8m) | ($5.2m) | ($91.7m) | |
| Share-based Payment Arrangement, Noncash Expense | $28.0m | $47.7m | $72.3m | $109.3m | $147.3m | $221.4m | $236.8m | $224.6m | $240.7m | — | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | — | $312.9m | $3.0m | $400k | $831k | $70k | |
| Restructuring Costs and Asset Impairment Charges | — | — | — | — | — | — | — | $32.6m | — | — | |
| Non-cash impairment, restructuring and other costs | — | — | — | — | — | $0 | $0 | $26.7m | $0 | $0 | |
| Income (Loss) from Equity Method Investments | — | — | — | — | — | — | — | — | $0 | ($1.5m) | |
| Income Tax Expense (Benefit) | $3.1m | $1.3m | $3.2m | $2.6m | $15.0m | $64.2m | ($43.0m) | $4.7m | $13.6m | ($51.0m) | |
| Other Nonoperating Income (Expense) | ($600k) | ($6.2m) | ($12.4m) | ($23.4m) | $30.7m | $261.5m | ($202.9m) | $17.3m | $9.9m | ($53.9m) | |
| Changes in operating lease right-of-use assets | — | — | — | $18.2m | $17.9m | $28.4m | $45.4m | $27.2m | $24.2m | $19.9m | |
| Changes in operating lease liabilities | — | — | — | ($15.4m) | ($15.8m) | ($26.7m) | ($45.1m) | ($31.3m) | ($33.1m) | $45.4m | |
| Loss from equity method investment | — | — | — | — | — | — | — | $0 | $0 | $1.5m | |
| Right-of-use assets obtained in exchange for operating lease liabilities | — | — | — | $46.1m | $29.1m | $41.1m | $142.5m | $255.7m | $3.5m | $18.3m | |
| Changes in operating assets and liabilities: | |||||||||||
| Noncash investing and financing activities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $1.8m | $1.9m | $2.1m | $3.5m | $6.5m | $6.2m | $11.7m | $15.3m | ($12.7m) | — | |
| Proceeds from Stock Options Exercised | $21.7m | $24.2m | $32.9m | $31.5m | $39.6m | $39.9m | $42.7m | $39.7m | $59.6m | — | |
| Purchases of property and equipment, accrued but unpaid | $4.4m | $11.6m | $13.7m | $21.4m | $18.4m | — | — | — | — | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | — | — | ($200.3m) | $30.6m | $2.5m | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | $1.2m | ($3.5m) | ($2.9m) | ($2.4m) | ($6.7m) | ($6.4m) | ($1.5m) | $4.7m | ($7.2m) | |
| Foreign Currency Transaction Gain (Loss), Unrealized | — | — | — | — | — | — | — | — | ($3.9m) | — | |
| General and Administrative Expense | $27.0m | $48.2m | $59.3m | $85.9m | $111.9m | $169.6m | $171.0m | $160.0m | $175.1m | $195.2m | |
| Goodwill | $1.7m | $17.8m | $17.8m | $17.8m | $24.2m | $49.3m | $49.3m | $49.3m | $49.3m | $135.0m | |
| Investment Income, Interest | $847k | $1.2m | $9.6m | $19.8m | $16.4m | $10.5m | $19.4m | $45.2m | $42.0m | $48.9m | |
| Marketable Securities, Unrealized Gain (Loss) | — | ($291k) | ($24k) | $1.2m | $2.9m | ($4.7m) | ($10.8m) | $8.6m | $2.8m | — | |
| Nonoperating Income (Expense) | $247k | ($5.0m) | ($2.8m) | ($3.6m) | $47.1m | $271.9m | ($183.5m) | $62.5m | $51.8m | ($5.0m) | |
| Operating Expenses | $288.8m | $406.3m | $507.4m | $644.4m | $870.4m | $1.1b | $1.1b | $1.1b | $1.1b | $1.4b | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | — | $249.6m | $93.4m | $6.6m | — | — | |
| Share based compensation expenses | $28.0m | $47.7m | $72.3m | $109.3m | $147.3m | $221.4m | $236.8m | $224.6m | $240.7m | $237.4m | |
| Changes in accrued interest and exchange rate on short-term and long-term deposits | — | — | — | $748k | ($43k) | ($20k) | ($86k) | ($2.4m) | $852k | ($308k) | |
| Remeasurement gain on marketable equity securities and investments in privately held companies | — | — | — | $0 | $0 | ($166.3m) | $200.3m | ($30.6m) | ($2.5m) | ($110k) | |
| Loss (gain) on foreign exchange, net | — | — | — | — | — | — | — | $0 | $3.9m | ($18.2m) | |
| Decrease (increase) in trade receivables | ($1.8m) | ($1.9m) | ($2.1m) | ($3.5m) | ($6.5m) | ($6.2m) | ($11.7m) | ($15.3m) | $12.7m | $3.2m | |
| Decrease (increase) in prepaid expenses and other current and long-term assets | ($6.3m) | ($1.8m) | ($3.7m) | ($5.2m) | ($89.4m) | ($98.5m) | ($5.9m) | ($20.1m) | ($79.5m) | $39.0m | |
| Increase (decrease) in trade payables | $8.3m | $11.8m | $10.9m | ($7.6m) | $42.0m | $26.6m | ($18.5m) | ($52.5m) | $12.0m | $27.0m | |
| Increase (decrease) in employees and payroll accruals | $3.0m | $5.6m | $2.8m | $7.8m | $25.3m | $19.4m | $2.9m | ($29.5m) | $86.5m | ($33.0m) | |
| Increase in short-term and long-term deferred revenues | $52.0m | $58.4m | $54.7m | $71.4m | $113.3m | $82.4m | $55.4m | $76.2m | $74.5m | $103.9m | |
| Increase in accrued expenses and other liabilities | ($719k) | $14.5m | ($2.0m) | $21.8m | $15.5m | $16.0m | $26.0m | $11.9m | $3.1m | $204.2m | |
| Proceeds from short-term and restricted deposits | $49.4m | $52.3m | $204.1m | $348.8m | $294.2m | $732.0m | $644.8m | $625.5m | $276.7m | $188.5m | |
| Investment in short-term and restricted deposits | ($53.3m) | ($88.7m) | ($438.0m) | ($296.1m) | ($577.0m) | ($572.6m) | ($766.0m) | ($297.9m) | ($170.3m) | ($467.8m) | |
| Investment in trading marketable debt securities | — | — | — | — | — | — | $0 | $0 | $267.2m | ($278.0m) | |
| Internal-use of software | — | ($720k) | ($392k) | ($639k) | ($450k) | ($1.9m) | ($2.1m) | ($3.0m) | ($1.5m) | ($1.3m) | |
| Proceeds from sale of marketable equity securities | — | — | — | $0 | $0 | $18.8m | $51.6m | $68.7m | $22.1m | $0 | |
| Investments in privately held companies | — | — | — | — | — | — | ($1.3m) | ($7.6m) | ($3.2m) | ($7.2m) | |
| Proceeds from investments in privately-held companies | — | — | — | — | — | — | — | $0 | $0 | $417k | |
| Investment in other long-term assets | — | — | ($500k) | ($891k) | ($5.6m) | $0 | — | $0 | $0 | ($10.5m) | |
| Repayment of convertible notes | — | — | — | — | — | $0 | $0 | ($362.7m) | $0 | ($575.0m) | |
| Purchase of treasury shares | — | — | — | $0 | $0 | ($200.0m) | ($231.9m) | ($127.0m) | ($466.3m) | ($575.0m) | |
| Proceeds from issuance of convertible senior notes | — | — | $442.8m | $0 | $575.0m | $0 | $0 | $0 | $0 | $1.1b | |
| Purchase of 2030 Capped Calls | — | — | — | — | — | — | — | $0 | $0 | ($71.9m) | |
| Proceeds from exercise of options and ESPP shares | — | $24.2m | $32.9m | $31.5m | $39.6m | $39.9m | $42.7m | $39.7m | $59.6m | $54.8m | |
| Interest received during the year | — | — | $8.4m | $19.0m | $18.6m | $20.2m | $23.7m | $47.7m | $36.3m | $43.1m | |
| Net Cash Provided by (Used in) Operating Activities | $40.6m | $83.1m | $115.7m | $149.6m | $148.0m | $65.7m | $37.2m | $248.2m | $497.4m | $582.9m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $4.4m | $11.6m | $13.7m | $21.4m | $18.4m | $9.3m | $9.4m | $3.8m | $562k | $1.1m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | — | — | $0 | — | |
| Payments for businesses acquired, net of acquired cash | — | — | — | $0 | ($6.6m) | ($42.7m) | $0 | $0 | $0 | ($23.9m) | |
| Payments to Acquire Investments | — | — | $1.2m | — | — | — | — | — | — | — | |
| Gain (Loss) on Sale of Investments | — | — | — | — | — | $166.3m | ($200.3m) | $30.6m | $2.5m | — | |
| Investment in available-for-sale marketable debt securities | — | — | — | — | — | — | ($202.6m) | ($6.7m) | $0 | ($639.9m) | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | — | — | — | — | ($550k) | — | |
| Payment for (Proceeds from) Other Investing Activity | — | — | — | — | — | — | — | ($111k) | $550k | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($8.4m) | ($114.9m) | ($287.6m) | ($244.0m) | ($800.2m) | $376.9m | ($54.7m) | $566.7m | ($35.5m) | ($902.1m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from trading marketable debt securities | — | — | — | — | — | — | — | $0 | $0 | $277.2m | |
| Proceeds from available-for-sale marketable debt securities | — | — | — | — | — | — | $290.1m | $251.0m | $125.2m | $68.9m | |
| Payments of debt issuance costs | — | — | ($12.6m) | $0 | ($15.7m) | $0 | $0 | $0 | $0 | ($25.9m) | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | $200.0m | $231.9m | $127.0m | $466.3m | — | |
| Net Cash Provided by (Used in) Financing Activities | $21.7m | $24.0m | $417.7m | $31.5m | $552.9m | ($160.1m) | ($189.2m) | ($450.0m) | ($406.7m) | ($43.0m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | — | — | ($3.9m) | — | |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH | $0 | $0 | ($3.9m) | $18.2m | |||||||
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | — | — | — | $364.9m | $51.3m | — | |
| Increase (decrease) in cash, cash equivalents and restricted cash | — | — | — | — | — | $282.5m | ($206.7m) | $364.9m | $51.3m | ($344.1m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | $244.7m | $609.6m | $660.9m | — | |
| Cash, cash equivalents and restricted cash at the beginning of the year | — | — | — | — | $168.9m | $451.4m | $244.7m | $609.6m | $660.9m | $316.9m | |
| Cash and cash equivalents | $93.1m | $85.2m | $331.1m | $268.1m | $168.9m | $451.4m | — | $609.6m | $660.9m | $311.4m | |
| Restricted cash | — | — | — | — | — | — | — | $0 | $0 | $5.5m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Income Taxes Paid, Net | $2.6m | $4.4m | $3.7m | $3.1m | $5.8m | $6.5m | $11.4m | $12.4m | $11.3m | $3.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.