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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities    
Net loss $ (36,829) $ (23,154)
Adjustments to reconcile net loss to net cash used by operating activities    
Stock-based compensation 11,056 6,943
Depreciation and amortization 2,342 1,773
Bad debt expense 120 (2)
Amortization of debt issuance costs 70 0
Deferred income taxes 357 (1,073)
Changes in assets and liabilities    
Accounts receivable 17,609 8,416
Prepaid expenses and other assets (8,803) (3,579)
Deferred commissions (314) (1,383)
Accounts payable and accrued expenses (1,878) 2,338
Accrued compensation and related benefits (9,369) (6,798)
Other current and non-current liabilities 1,582 129
Deferred revenue (2,177) (3,764)
Operating lease assets and liabilities 969 (450)
Net cash used by operating activities (25,265) (20,604)
Cash flows from investing activities    
Purchases of investments (24,184) (16,240)
Proceeds from investments 16,289 21,729
Purchases of property and equipment (4,421) (3,390)
Net cash (used by) provided by investing activities (12,316) 2,099
Cash flows from financing activities    
Proceeds from borrowings 92,000 0
Debt repayments (750) 0
Payments for debt issuance costs (278) 0
Payments for employee taxes related to the net share settlement of equity awards (2,959) 0
Proceeds from exercise of common stock options 131 24,404
Net cash provided by financing activities 88,144 24,404
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash 15 40
Net increase in cash, cash equivalents, and restricted cash 50,578 5,939
Cash, cash equivalents, and restricted cash at beginning of period 150,381 103,960
Cash, cash equivalents, and restricted cash at end of period 200,959 109,899
Supplemental disclosure of cash flow information    
Cash paid for interest 1,233 78
Cash paid for income taxes 284 197
Supplemental disclosure of non-cash investing and financing activities    
Accrued capital expenditures $ 2,233 $ 0