XML 24 R8.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net loss $ (130,368) $ (83,946) $ (5,758)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 16,203 14,228 15,475
Share-based compensation 120,821 95,436 71,849
Amortization of premium and accretion of discount on marketable securities, net 3,894 7,532 3,068
Deferred income taxes, net (15,630) (11,972) (1,988)
Amortization of debt discount and issuance costs 2,980 17,792 17,183
Increase in trade receivables (7,606) (20,083) (17,315)
Increase in prepaid expenses, other current and long-term assets and others (37,141) (44,423) (25,845)
Changes in operating lease right-of-use assets 4,558 6,204 5,358
Increase in trade payables 4,053 1,499 558
Increase in short-term and long-term deferred revenue 91,167 74,767 45,397
Increase in employees and payroll accruals 714 23,821 7,846
Increase (decrease) in accrued expenses and other current and long-term liabilities 4,801 (101) (4,544)
Changes in operating lease liabilities (8,738) (6,014) (4,515)
Net cash provided by operating activities 49,708 74,740 106,769
Cash flows from investing activities:      
Proceeds from (investment in) short-term and long-term deposits, net 35,669 (105,069) (123,054)
Investment in marketable securities and other (375,731) (357,210) (405,193)
Proceeds from sales and maturities of marketable securities 325,472 243,013 191,637
Purchase of property and equipment (12,517) (8,928) (7,174)
Business acquisitions, net of cash acquired (Schedule A) (41,285) 0 (68,603)
Net cash used in investing activities (68,392) (228,194) (412,387)
Cash flows from financing activities:      
Proceeds from (payments of) withholding tax related to employee stock plans (184) (789) 1,069
Proceeds from exercise of stock options 1,968 11,738 12,180
Proceeds in connection with employee stock purchase plan 15,143 0 0
Payments of contingent consideration related to acquisitions (Schedule A) (4,702) 0 0
Net cash provided by financing activities 12,225 10,949 13,249
Decrease in cash, cash equivalents and restricted cash (6,459) (142,505) (292,369)
Effect of exchange rate differences on cash, cash equivalents and restricted cash (3,053) (689) 0
Cash, cash equivalents and restricted cash at the beginning of the year 356,850 500,044 792,413
Cash, cash equivalents and restricted cash at the end of the year 347,338 356,850 500,044
Non-cash activities:      
Lease liabilities arising from obtaining right-of-use-assets 28,256 0 3,237
Non-cash purchase of property and equipment 1,769 2,165 1,639
Exercise of stock options 0 127 916
Supplemental disclosure of cash flow activities:      
Cash paid during the year for taxes, net 9,302 8,404 11,424
Reconciliation of cash, cash equivalents and restricted cash:      
Cash and cash equivalents 347,338 356,850 499,992
Restricted cash included in other long-term assets 0 0 52
Total cash, cash equivalents and restricted cash 347,338 356,850 500,044
Fair value of assets acquired and liabilities assumed at the date of acquisition:      
Goodwill 153,241 $ 123,717 $ 123,717
AAPI1, Inc. [Member]      
Fair value of assets acquired and liabilities assumed at the date of acquisition:      
Working capital, net (9)    
Goodwill 11,809    
Technology 6,716    
Deferred taxes asset, net (827)    
Total 17,689    
C3M, LLC [Member]      
Fair value of assets acquired and liabilities assumed at the date of acquisition:      
Working capital, net (293)    
Property and equipment 30    
Other long-term liabilities (445)    
Goodwill 17,715    
Technology 9,581    
Deferred taxes asset, net 1,710    
Total $ 28,298