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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities    
Net income $ 82,150 $ 118,057
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 7,575 3,672
Deferred income taxes 9,392 (31,972)
Stock-based compensation, net of amounts capitalized 34,843 21,633
Non-cash lease expense 1,490 857
Amortization of premium on marketable securities, net 3,144 2,863
Loss on sale of marketable securities 1,093 525
Amortization of deferred contract costs 6,357 7,366
Other 797 120
Changes in operating assets and liabilities, net of effect of acquisition:    
Accounts receivable 6,191 (19,579)
Prepaid expenses and other assets 1,924 (7,003)
Deferred contract costs (6,409) (6,672)
Accounts payable, accrued expenses and other liabilities 2,723 8,093
Deferred revenue (18,098) (17,538)
Operating lease liabilities (209) (811)
Net cash provided by operating activities 132,963 79,611
Cash flows from investing activities    
Cash paid for acquisition (53,500) 0
Purchases of property and equipment (1,680) (852)
Internal-use software development costs (3,478) (2,736)
Purchases of marketable securities (130,257) (1,271,915)
Maturities of marketable securities 35,014 41,617
Sales of marketable securities 107,182 616,938
Net cash used in investing activities (46,719) (616,948)
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 7,455 9,234
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 (2,353) (436)
Repurchase of common stock (70,042) (2,698)
Payments of deferred offering costs 0 (3,982)
Net cash provided by (used in) financing activities (62,599) 556,023
Net increase in cash and cash equivalents 23,645 18,686
Cash and cash equivalents, beginning of period 112,809 66,393
Cash and cash equivalents, end of period 136,454 85,079
Supplemental disclosures of cash flow information    
Cash paid for taxes 2,504 182
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 625 317
Fair value of contingent earn-out consideration included in purchase consideration 21,134 0
Operating lease right-of-use assets obtained in exchange for operating lease liabilities $ 14,759 $ 1,151