XML 21 R8.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities    
Net income $ 62,410 $ 11,496
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 2,311 1,696
Deferred income taxes 0 623
Stock-based compensation, net of amounts capitalized 11,799 2,162
Other (70) 105
Non-cash lease expense 569 1,294
Bad debt expense 195 4
Amortization of premium on marketable securities, net 1,561 14
Amortization of prepaid partner fees 799 0
Amortization of deferred contract costs 5,656 3,140
Changes in operating assets and liabilities, net of effect of acquisition:    
Accounts receivable (5,556) (14,890)
Prepaid expenses and other assets (18,191) 763
Deferred contract costs (2,975) (2,755)
Accounts payable (292) (275)
Accrued expenses (419) (643)
Deferred revenue (4,763) 18,543
Operating lease liabilities (638) (1,310)
Other liabilities (69) 1,494
Net cash provided by operating activities 52,327 21,461
Cash flows from investing activities    
Purchases of property and equipment (241) (92)
Capitalized internal-use software (1,671) (2,530)
Purchases of marketable securities (1,156,143) 0
Maturities of marketable securities 35,551 34,000
Sales of marketable securities 531,076 0
Cash paid for acquisition, net of cash acquired 0 (31,634)
Other 0 (25)
Net cash used in investing activities (591,428) (281)
Cash flows from financing activities    
Proceeds from issuance of common stock upon initial public offering after deducting underwriting discounts and commissions 553,905 0
Payments of deferred offering costs (3,982) 0
Proceeds from issuance of common stock upon exercise of stock options 5,060 1,347
Taxes paid related to net share settlement of equity awards (56) 0
Repurchase of common stock (2,698) 0
Net cash provided by financing activities 552,229 1,347
Net increase in cash and cash equivalents 13,128 22,527
Cash and cash equivalents, beginning of period 66,393 48,430
Cash and cash equivalents, end of period 79,521 70,957
Supplemental disclosures of cash flow information    
Cash paid for taxes 180 2,238
Non-cash financing and investing activities    
Conversion of redeemable convertible preferred stock to common stock 81,458 0
Common stock issued in exchange for services 0 34
Common stock issued in acquisition 0 1,062
Capitalized stock-based compensation for internal-use software development costs 141 94
Property and equipment included in accounts payable and accrued expenses 134 0
Receivable from exercise of stock options included in prepaid expenses and other current assets $ 5 $ 1,979