XML 17 R7.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows From Operating Activities    
Net loss $ (39,963) $ (32,746)
Adjustments to reconcile net loss to cash provided by (used in) operating activities:    
Depreciation and amortization expense 15,218 10,563
Non-cash operating lease costs 5,346 4,543
Amortization of deferred contract acquisition costs 6,060 3,499
Stock-based compensation expense 18,042 12,897
Amortization of debt discount and issuance costs 8,971 0
Net accretion of discounts and amortization of premiums on available-for-sale securities 1,879 (456)
Deferred income taxes (1,513) (117)
Provision for bad debt 1,470 2,209
Other 79 (197)
Changes in operating assets and liabilities, net of effect of acquisitions:    
Accounts receivable, net (9,211) (8,120)
Contract assets (122) 284
Deferred contract acquisition costs (10,866) (6,486)
Prepaid expenses and other current assets 614 (1,086)
Other noncurrent assets 1,361 (658)
Accounts payable 6,181 1,507
Accrued expenses and other current liabilities 10,119 40
Operating lease liabilities (5,352) (4,804)
Deferred revenue 14,646 6,445
Other noncurrent liabilities 535 (1,593)
Net cash provided by (used in) operating activities 23,494 (14,276)
Cash Flows From Investing Activities    
Purchases of property and equipment (22,268) (11,405)
Capitalized internal-use software (3,445) (4,922)
Cash paid for acquisitions, net of cash acquired 0 (13,639)
Purchases of available-for-sale securities (188,377) (110,609)
Maturities of available-for-sale securities 261,822 131,580
Other investing activities 44 223
Net cash provided by (used in) investing activities 47,776 (8,772)
Cash Flows From Financing Activities    
Proceeds from the exercise of stock options 7,964 2,675
Proceeds from the early exercise of stock options 95 32
Repurchases of unvested common stock (150) (70)
Payments on note payable 0 (200)
Payment of tax withholding obligation (530) (7,115)
Net cash provided by (used in) financing activities 7,379 (4,678)
Net increase (decrease) in cash, cash equivalents, and restricted cash 78,649 (27,726)
Cash, cash equivalents, and restricted cash, beginning of period 118,146 145,636
Cash, cash equivalents, and restricted cash, end of period 196,795 117,910
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest 30 34
Cash paid for income taxes, net of refunds 656 163
Cash paid for operating lease liabilities 5,174 4,477
Supplemental Disclosure of Non-cash Investing and Financing Activities:    
Stock-based compensation capitalized for software development 660 578
Accounts payable and accrued expenses related to property and equipment additions 2,827 4,522
Vesting of early exercised stock options 1,031 1,223
Indemnity holdback consideration associated with business combinations 0 2,188
Issuance of common stock related to an acquisition 0 1,104
Operating lease right-of-use assets obtained in exchange for operating lease liabilities 3,230 2,386
Derecognition of build-to-suit lease $ 0 $ 9,886