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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities    
Net loss $ (78,615) $ (101,435)
Adjustments to reconcile net loss to net cash used by operating activities    
Stock-based compensation 30,011 33,215
Depreciation expense and amortization of intangible assets 7,503 7,046
Lease impairment charges 5,462 0
Bad debt expense 619 690
Amortization of debt issuance costs 439 342
Benefit for deferred income taxes (1,281) (808)
Foreign currency transaction losses, net 2,895 0
Changes in assets and liabilities    
Accounts receivable 30,859 30,665
Prepaid expenses and other assets 12,279 (61,555)
Deferred commissions 4,665 (56)
Accounts payable and accrued expenses 1,495 (657)
Accrued compensation and related benefits (6,975) (6,671)
Other current and non-current liabilities 535 (2,026)
Deferred revenue (15,096) (3,186)
Operating lease assets and liabilities (1,788) 2,238
Net cash used by operating activities (6,993) (102,198)
Cash flows from investing activities    
Proceeds from maturities of investments 11,631 62,590
Payments for investments (42,638) (53,443)
Purchases of property and equipment (3,287) (8,278)
Net cash (used by) provided by investing activities (34,294) 869
Cash flows from financing activities    
Proceeds from borrowings 50,000 92,000
Payments for debt issuance costs (463) (411)
Debt repayments (3,750) (2,625)
Repurchase of common stock (50,019) 0
Payments for employee taxes related to the net share settlement of equity awards (4,883) (7,240)
Proceeds from exercise of common stock options 619 664
Net cash (used by) provided by financing activities (8,496) 82,388
Effect of foreign exchange rate changes on cash and cash equivalents (375) (679)
Net decrease in cash and cash equivalents (50,158) (19,620)
Cash, cash equivalents and restricted cash at beginning of period 149,351 150,381
Cash and cash equivalents at end of period 99,193 130,761
Supplemental disclosure of cash flow information    
Cash paid for interest 17,193 11,960
Cash paid for income taxes 1,925 2,944
Supplemental disclosure of non-cash investing and financing activities    
Accrued capital expenditures $ 109 $ 27