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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net income $ 48,682 $ 62,410
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,959 2,311
Deferred income taxes 105 0
Stock-based compensation, net of amounts capitalized 20,859 11,799
Non-cash lease expense 952 569
Amortization of premium on marketable securities, net 2,673 1,561
Loss (gain) on sale of marketable securities 500 (70)
Amortization of deferred contract costs 4,839 5,656
Other 7 195
Changes in operating assets and liabilities, net of effect of acquisition:    
Accounts receivable 2,194 (5,556)
Prepaid expenses and other assets 3,651 (17,728)
Deferred contract costs (2,342) (2,975)
Accounts payable, accrued expenses and other liabilities (4,474) (780)
Deferred revenue 1,872 (4,427)
Operating lease liabilities (211) (638)
Net cash provided by operating activities 84,266 52,327
Cash flows from investing activities    
Cash paid for acquisition (53,500) 0
Purchases of property and equipment (1,476) (241)
Internal-use software development costs (2,466) (1,671)
Purchases of marketable securities (91,177) (1,156,143)
Maturities of marketable securities 24,438 35,551
Sales of marketable securities 64,158 531,076
Net cash used in investing activities (60,023) (591,428)
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 5,584 5,060
Proceeds from issuance of common stock in connection with the employee stock purchase plan 2,341 0
Taxes paid related to net share settlement of equity awards (1,261) (56)
Repurchase of common stock (70,042) (2,698)
Payments of deferred offering costs 0 (3,982)
Net cash provided by (used in) financing activities (63,378) 552,229
Net increase (decrease) in cash and cash equivalents (39,135) 13,128
Cash and cash equivalents, beginning of period 112,809 66,393
Cash and cash equivalents, end of period 73,674 79,521
Supplemental disclosures of cash flow information    
Cash paid for taxes 123 180
Non-cash financing and investing activities    
Conversion of redeemable convertible preferred stock to common stock 0 81,458
Capitalized stock-based compensation for internal-use software development costs 448 141
Property and equipment included in accounts payable and accrued expenses 109 134
Operating lease right-of-use assets obtained in exchange for operating lease liabilities $ 14,759 $ 0