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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net income $ 22,383 $ 26,322
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 2,370 1,153
Deferred income taxes 105 0
Stock-based compensation, net of amounts capitalized 9,506 5,127
Non-cash lease expense 401 283
Amortization of premium on marketable securities, net 1,455 297
Loss on sale of marketable securities 37 0
Amortization of deferred contract costs 2,767 3,204
Other (30) (93)
Changes in operating assets and liabilities, net of effect of acquisition:    
Accounts receivable 5,533 4,421
Prepaid expenses and other assets 1,246 (2,858)
Deferred contract costs (866) (1,492)
Accounts payable, accrued expenses and other liabilities (6,109) (2,257)
Deferred revenue 6,152 (461)
Operating lease liabilities (198) (471)
Net cash provided by operating activities 44,752 33,175
Cash flows from investing activities    
Cash paid for acquisition (53,500) 0
Purchases of property and equipment (710) (41)
Internal-use software development costs (1,415) (771)
Purchases of marketable securities (8,870) (67,375)
Maturities of marketable securities 8,271 10,764
Sales of marketable securities 14,724 0
Net cash used in investing activities (41,500) (57,423)
Cash flows from financing activities    
Proceeds from issuance of common stock upon initial public offering after deducting underwriting discounts and commissions 0 553,905
Proceeds from issuance of common stock upon exercise of stock options and common stock warrants 3,014 2,737
Taxes paid related to net share settlement of equity awards (109) 0
Repurchase of common stock (8,874) (2,698)
Payments of deferred offering costs 0 (1,768)
Net cash provided by (used in) financing activities (5,969) 552,176
Net increase (decrease) in cash and cash equivalents (2,717) 527,928
Cash and cash equivalents, beginning of period 112,809 66,393
Cash and cash equivalents, end of period 110,092 594,321
Supplemental disclosures of cash flow information    
Cash paid for taxes 0 131
Non-cash financing and investing activities    
Conversion of redeemable convertible preferred stock to common stock 0 81,458
Unpaid deferred offering costs 0 2,214
Capitalized stock-based compensation for internal-use software development costs 274 61
Property and equipment included in accounts payable and accrued expenses 632 71
Operating lease right-of-use assets obtained in exchange for operating lease liabilities $ 10,877 $ 0