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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities        
Net loss $ (6,568) $ (10,355) $ (23,406) $ (40,385)
Adjustments to reconcile net loss to net cash provided by operating activities:        
Depreciation and amortization 1,429 1,080 3,580 3,195
Stock-based compensation expense 12,687 10,601 35,362 35,431
Recovery of doubtful accounts (61) (550) (162) (191)
Amortization of premiums and discounts on marketable securities, net 811 106 2,199 319
Gain on settlement of equity securities (3,698) 0 (3,698) 0
Amortization of debt discount and issuance costs 2,301 2,231 6,851 6,641
Deferred income tax (930) 63 (914) (68)
Changes in assets and liabilities:        
Accounts receivable 2,074 (13,307) 5,233 4,805
Deferred commissions (2,027) (4,818) (12,104) (6,381)
Operating lease right-of-use asset 985 1,019 2,906 2,992
Other receivables (628) 224 (204) 29
Prepaid expenses and other (1,024) (211) (4,049) (3,056)
Other assets (514) 83 (1,197) (600)
Accounts payable 478 (181) 1,214 (3,255)
Deferred revenue 9,949 16,182 22,028 11,314
Operating lease liability (1,112) (1,115) (3,390) (3,438)
Accrued expenses and other liabilities 2,161 6,822 10,327 12,538
Net cash provided by operating activities 16,313 7,874 40,576 19,890
Cash flows from investing activities        
Purchase of property and equipment (771) (379) (2,431) (1,763)
Purchase of marketable securities (48,213) (7,980) (143,085) (45,269)
Sale of marketable securities 0 0 250 11,423
Maturities of marketable securities 45,579 16,300 116,371 42,337
Business combinations, net of cash acquired (35,067) 0 (35,067) 0
Purchase of intangible assets (64) (102) (187) (253)
Other investments 0 0 (750) 0
Net cash (used in) provided by investing activities (38,536) 7,839 (64,899) 6,475
Cash flows from financing activities        
Proceeds from option exercises 3,174 4,795 8,792 14,253
Taxes paid related to net share settlements of stock-based compensation awards (15,809) 0 (23,686) (2,111)
Proceeds from shares issued in connection with employee stock purchase plan 4,624 3,567 8,861 7,227
Principal payments on finance lease obligations (430) (410) (1,271) (1,212)
Net cash (used in) provided by financing activities (8,441) 7,952 (7,304) 18,157
Effect of foreign exchange rates on cash (405) 346 (79) (132)
Net (decrease) increase in cash and cash equivalents (31,069) 24,011 (31,706) 44,390
Cash and cash equivalents at beginning of period 322,194 402,121 322,831 381,742
Cash and cash equivalents at end of period 291,125 426,132 291,125 426,132
Supplemental cash flow disclosure        
Cash paid for interest 2,177 2,240 4,607 4,787
Cash paid for income taxes, net of refunds 36 84 (30) 469
Supplemental disclosure of noncash investing and financing activities        
Allowance for tenant improvements $ 0 $ 0 $ 0 $ 149