v3.24.4
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 1,425 $ 1,731 $ 325
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 564 562 433
Amortization of deferred commissions 550 459 358
Stock-based compensation 1,746 1,604 1,401
Deferred income taxes 98 (857) 15
Other (51) 0 17
Changes in operating assets and liabilities, net of effect of business combinations:      
Accounts receivable (254) (300) (340)
Deferred commissions (713) (717) (566)
Prepaid expenses and other assets (332) (203) (39)
Accounts payable (52) (142) 172
Deferred revenue 1,179 1,085 904
Accrued expenses and other liabilities 107 176 43
Net cash provided by operating activities 4,267 3,398 2,723
Cash flows from investing activities:      
Purchases of property and equipment (852) (694) (550)
Business combinations, net of cash acquired (113) (279) (91)
Purchases of other intangibles (40) (3) 0
Purchases of investments (5,031) (4,634) (4,038)
Purchases of non-marketable investments (181) (75) (167)
Sales and maturities of investments 3,752 3,522 2,245
Other (36) (4) 18
Net cash used in investing activities (2,501) (2,167) (2,583)
Cash flows from financing activities:      
Repayments of convertible senior notes attributable to principal 0 0 (94)
Proceeds from employee stock plans 237 194 177
Repurchases of common stock (696) (538) 0
Taxes paid related to net share settlement of equity awards (700) (459) (427)
Business combination (184) 0 0
Net cash used in financing activities (1,343) (803) (344)
Foreign currency effect on cash, cash equivalents and restricted cash (17) 1 (53)
Net change in cash, cash equivalents and restricted cash 406 429 (257)
Cash, cash equivalents and restricted cash at beginning of period 1,904 1,475 1,732
Cash, cash equivalents and restricted cash at end of period 2,310 1,904 1,475
Cash, cash equivalents and restricted cash at end of period:      
Cash and cash equivalents 2,304 1,897 1,470
Restricted cash included in prepaid expenses and other current assets 6 7 5
Total cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows 2,310 1,904 1,475
Supplemental disclosures of other cash flow information:      
Interest paid 23 23 24
Income taxes paid, net of refunds 230 127 45
Non-cash investing and financing activities:      
Settlement of 2022 Notes conversion feature 0 0 233
Benefit from exercise of 2022 Note Hedge 0 0 233
Property and equipment included in accounts payable, accrued expenses and other liabilities $ 55 $ 44 $ 74