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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net loss $ (111,441) $ (150,920) $ (88,641)
Adjustments to reconcile net loss to net cash used by operating activities:      
Stock-based compensation 43,387 38,830 23,844
Depreciation expense and amortization of intangible assets 9,473 7,297 5,743
Bad debt expense 1,091 1,298 410
Amortization of debt issuance costs 444 43 0
Loss on disposal of property and equipment 0 3 79
Deferred income taxes (1,541) (1,089) (498)
Foreign currency transaction gains, net (12,263) 0 0
Changes in assets and liabilities:      
Accounts receivable (1,868) (37,922) (33,904)
Prepaid expenses and other assets (54,753) (2,027) 2,094
Deferred commissions (8,043) (12,298) (21,588)
Accounts payable and accrued expenses (1,394) (3,289) 11,467
Accrued compensation and related benefits (3,157) 6,582 12,598
Other current and non-current liabilities (1,134) (264) (444)
Deferred revenue 28,668 47,534 33,378
Operating lease assets and liabilities 2,089 (329) 1,544
Net cash used by operating activities (110,442) (106,551) (53,918)
Cash flows from investing activities:      
Proceeds from maturities of investments 91,670 84,642 120,593
Purchases of investments (53,443) (65,283) (41,870)
Purchases of property and equipment (9,637) (9,095) (6,058)
Payments for acquisitions, net of cash acquired 0 0 (30,729)
Net cash provided by investing activities 28,590 10,264 41,936
Cash flows from financing activities:      
Proceeds from borrowings 92,000 120,000 0
Payments for debt issuance costs (276) (1,940) 0
Debt repayments (3,563) (625) 0
Payments for employee taxes related to the net share settlement of equity awards (9,748) 0 0
Proceeds from exercise of common stock options 752 25,432 2,786
Net cash provided by financing activities 79,165 142,867 2,786
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash 1,657 (159) 694
Net (decrease) increase in cash, cash equivalents, and restricted cash (1,030) 46,421 (8,502)
Cash, cash equivalents, and restricted cash at beginning of period 150,381 103,960 112,462
Cash, cash equivalents, and restricted cash at end of period 149,351 150,381 103,960
Supplemental cash flow information:      
Cash paid for interest 16,906 1,671 323
Cash paid for income taxes 3,999 1,239 1,505
Supplemental non-cash investing and financing information:      
Accrued capital expenditures $ 654 $ 1,774 $ 379