v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities:    
Net income (loss) $ 3 $ (15)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 82 47
Amortization of deferred commissions costs 30 31
Non-cash lease expense 8 8
Stock-based compensation expense 42 30
Deferred income taxes, net 3 (1)
Credit loss expense 8 10
Other operating activities, net 1 (2)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (42) (16)
Prepaid expenses, other current assets and other assets 26 7
Deferred commissions (34) (34)
Accounts payable and other liabilities (3) (22)
Lease liabilities (7) (10)
Income taxes payable, net 3 7
Deferred revenue 32 13
Net cash provided by operating activities 152 53
Investing activities:    
Proceeds from sale and settlement of investments and other assets 0 204
Purchases of property, equipment, and other assets for new campuses (45) (54)
Purchases of property, equipment, and other assets (9) (26)
Purchase of equity securities 0  
Cash paid for acquisitions, net of cash acquired 0 (750)
Net cash used in investing activities (54) (911)
Financing activities:    
Repurchase of restricted stock to satisfy tax withholding obligations (22) (34)
Repurchases of stock (505) (19)
Proceeds from exercise of stock options and employee stock purchase plan 14 7
Other financing activities, net (1) (1)
Net cash used in financing activities (514) (47)
Effect of foreign currency exchange rates on cash, cash equivalents, and restricted cash (1) 2
Net decrease in cash, cash equivalents, and restricted cash (417) (903)
Cash, cash equivalents, and restricted cash at the beginning of period 1,733 4,681
Cash, cash equivalents, and restricted cash at the end of period 1,316 3,778
Supplemental cash flow disclosures:    
Interest paid 14 15
Income taxes (refund) paid, net (23) 2
Supplemental non-cash investing and financing activities:    
Accrued capital expenditures and non-cash landlord incentives $ 75 $ 103