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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net loss $ (72,508) $ (37,412)
Adjustments to reconcile net loss to net cash used by operating activities    
Stock-based compensation 16,091 12,492
Depreciation and amortization 3,573 2,561
Bad debt expense (1) 32
Change in fair value of available-for-sale securities 0 (31)
Deferred income taxes (1,302) (144)
Changes in assets and liabilities    
Accounts receivable 12,132 16,720
Prepaid expenses and other assets (5,334) 243
Deferred commissions (1,777) (7,340)
Accounts payable and accrued expenses 2,098 3,000
Accrued compensation and related benefits (4,923) 2,808
Other current and non-current liabilities (395) (563)
Deferred revenue 2,990 (1,791)
Operating lease liabilities (905) 52
Net cash used by operating activities (50,261) (9,373)
Cash flows from investing activities    
Purchases of investments (31,214) 0
Proceeds from investments 36,473 27,604
Purchases of property and equipment (4,685) (1,027)
Net cash provided by investing activities 574 26,577
Cash flows from financing activities    
Proceeds from exercise of common stock options 25,030 2,089
Net cash provided by financing activities 25,030 2,089
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash (205) (476)
Net (decrease) increase in cash, cash equivalents, and restricted cash (24,862) 18,817
Cash, cash equivalents, and restricted cash at beginning of period 103,960 112,462
Cash, cash equivalents, and restricted cash at end of period 79,098 131,279
Supplemental disclosure of cash flow information    
Cash paid for interest 145 173
Cash paid for income taxes 524 806
Supplemental disclosure of non-cash investing and financing activities    
Accrued capital expenditures $ 96 $ 0