XML 18 R7.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net loss $ (76,515) $ (79,184)
Adjustments to reconcile net loss to net cash provided by (used by) operating activities    
Stock-based compensation 20,506 22,204
Depreciation expense and amortization of intangible assets 4,941 4,705
Lease impairment charges 5,462 0
Bad debt expense 253 419
Amortization of debt issuance costs 290 223
Benefit for deferred income taxes (982) (518)
Foreign currency transaction losses, net 12,787 0
Changes in assets and liabilities    
Accounts receivable 37,114 28,663
Prepaid expenses and other assets 10,524 (4,924)
Deferred commissions 2,897 123
Accounts payable and accrued expenses 2,882 719
Accrued compensation and related benefits (3,808) (6,240)
Other current and non-current liabilities 121 1,066
Deferred revenue (14,267) (6,574)
Operating lease assets and liabilities (954) 2,116
Net cash provided by (used by) operating activities 1,251 (37,202)
Cash flows from investing activities    
Proceeds from maturities of investments 9,657 35,876
Payments for investments (28,354) (53,443)
Purchases of property and equipment (2,932) (7,805)
Net cash used by investing activities (21,629) (25,372)
Cash flows from financing activities    
Proceeds from borrowings 50,000 92,000
Payments for debt issuance costs (463) (411)
Debt repayments (2,500) (1,687)
Repurchase of common stock (50,019) 0
Payments for employee taxes related to the net share settlement of equity awards (4,221) (4,775)
Proceeds from exercise of common stock options 508 559
Net cash (used by) provided by financing activities (6,695) 85,686
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash (1,491) 309
Net (decrease) increase in cash, cash equivalents, and restricted cash (28,564) 23,421
Cash, cash equivalents, and restricted cash at beginning of period 149,351 150,381
Cash, cash equivalents, and restricted cash at end of period 120,787 173,802
Supplemental disclosure of cash flow information    
Cash paid for interest 11,168 2,731
Cash paid for income taxes 1,436 1,472
Supplemental disclosure of non-cash investing and financing activities    
Accrued capital expenditures $ 182 $ 392