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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (Loss) $ (182,867) $ (255,980)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation and amortization 10,153 6,378
Net accretion of discounts on marketable securities (20,267) (19,721)
Amortization of debt issuance costs 1,906 1,889
Amortization of deferred contract acquisition costs 26,096 21,537
Non-cash operating lease costs 1,854 2,184
Lease abandonment charges 0 15,667
Stock-based compensation, net of amounts capitalized 194,429 171,448
Deferred income taxes 342 10
Other 1,210 851
Changes in operating assets and liabilities, net of effects of business combinations:    
Accounts receivable (28,658) (11,293)
Deferred contract acquisition costs (25,028) (23,966)
Prepaid expenses and other assets 1,774 (6,057)
Accounts payable 7,055 (18,720)
Accrued expenses and other liabilities 3,141 7,552
Operating lease liabilities (3,929) (3,754)
Deferred revenue (4,575) 5,143
Net cash used in operating activities (17,364) (106,832)
CASH FLOWS FROM INVESTING ACTIVITIES    
Capitalization of internal-use software costs (10,315) (9,886)
Purchases of marketable securities (899,190) (999,764)
Sales of marketable securities 12,744 0
Maturities of marketable securities 835,756 975,383
Purchases of investments in privately-held companies (1,000) 0
Purchases of property and equipment (1,291) (1,355)
Cash paid for business combinations, net of cash acquired 0 (45,802)
Net cash used in investing activities (63,296) (81,424)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock upon exercise of vested options 27,497 48,272
Repurchases of unvested common stock 0 (223)
Proceeds from issuance of common stock under employee stock purchase plan 15,603 17,172
Net cash provided by financing activities 43,100 65,221
Effect of exchange rate changes on cash and cash equivalents (873) (103)
Net decrease in cash and cash equivalents (38,433) (123,138)
Cash and cash equivalents at beginning of period 349,761 435,781
Cash and cash equivalents at end of period 311,328 312,643
Cash paid for:    
Income taxes 5,142 3,979
Non-cash investing and financing activities:    
Stock-based compensation capitalized as internal-use software costs 10,102 9,732
Vesting of early exercised stock options $ 617 $ 1,904