XML 25 R9.htm IDEA: XBRL DOCUMENT
v3.22.2

Financial Statement Components | 6 Months Ended
--- | ---
Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Financial Statement Components | Note 3. Financial Statement Components Cash and cash equivalents consisted of the following (in thousands):
| June 30, 2022 |  | December 31, 2021
Cash | $ | 83,919 |  |  | $ | 91,499 |
Money market funds | 222,578 |  |  | 175,663 |
Total cash and cash equivalents | $ | 306,497 |  |  | $ | 267,162 |
As of June 30, 2022, $5.5 million in the cash balance above represents restricted cash, which is held in the form of a bank deposit for issuance of a foreign bank guarantee. Accounts receivable, net consisted of the following (in thousands):
| June 30, 2022 |  | December 31, 2021
Accounts receivable | $ | 196,941 |  |  | $ | 193,192 |
Unbilled accounts receivable | 66,567 |  |  | 47,676 |
Allowance for doubtful accounts | (9,937) |  |  | (8,026) |
Accounts receivable, net | $ | 253,571 |  |  | $ | 232,842 |
Prepaid expenses and other current assets consisted of the following (in thousands):
| June 30, 2022 |  | December 31, 2021
Prepaid expenses | $ | 28,490 |  |  | $ | 26,254 |
Inventory | 4,564 |  |  | 5,655 |
Other current assets | 19,322 |  |  | 16,256 |
Total prepaid expenses and other current assets | $ | 52,376 |  |  | $ | 48,165 |
Property and equipment, net consisted of the following (in thousands):
| June 30, 2022 |  | December 31, 2021
Computer hardware and software | $ | 209,455 |  |  | $ | 197,395 |
Internal-use software development costs | 170,671 |  |  | 140,424 |
Furniture and fixtures | 8,838 |  |  | 8,660 |
Leasehold improvements | 13,713 |  |  | 13,533 |
Total property and equipment, gross | 402,677 |  |  | 360,012 |
Less: accumulated depreciation and amortization | (224,437) |  |  | (193,102) |
Property and equipment, net | $ | 178,240 |  |  | $ | 166,910 |
Total depreciation and amortization expense related to property and equipment was $17.6 million and $14.2 million for the three months ended June 30, 2022 and 2021, respectively, and $34.5 million and $27.2 million for the six months ended June 30, 2022 and 2021, respectively. The carrying value of goodwill is as follows (in thousands):
Balance at December 31, 2021 | $ | 55,490 |
Foreign currency translation adjustments | (1,710) |
Balance at June 30, 2022 | $ | 53,780 |
The carrying values of intangible assets are as follows (in thousands):
|  |  | June 30, 2022 |  | December 31, 2021
| Weighted-Average Remaining Useful Life |  | Cost |  | Accumulated Amortization |  | Acquired Intangibles, Net |  | Cost |  | Accumulated Amortization |  | Acquired Intangibles, Net
Customer relationships | 1.1 years |  | $ | 20,625 |  |  | $ | 17,088 |  |  | $ | 3,537 |  |  | $ | 21,333 |  |  | $ | 15,725 |  |  | $ | 5,608 |
Developed technology | 4.2 years |  | 814,576 |  |  | 189,554 |  |  | 625,022 |  |  | 814,873 |  |  | 103,875 |  |  | 710,998 |
Total acquired intangible assets |  |  | $ | 835,201 |  |  | $ | 206,642 |  |  | $ | 628,559 |  |  | $ | 836,206 |  |  | $ | 119,600 |  |  | $ | 716,606 |
Amortization expense from acquired intangible assets for the three months ended June 30, 2022 and 2021 was $43.7 million and $12.0 million, respectively, and $87.7 million and $23.6 million for the six months ended June 30, 2022 and 2021, respectively. Amortization of developed technology is included in cost of revenues and amortization of customer relationships is included in sales and marketing expenses in the Condensed Consolidated Statements of Operations. Estimated amortization expense for acquired intangible assets for the following fiscal years is as follows (in thousands):
2022 (remaining) | $ | 84,910 |
2023 | 150,543 |
2024 | 147,102 |
2025 | 132,932 |
2026 onwards | 113,072 |
Total estimated amortization expense | $ | 628,559 |
Accrued liabilities consisted of the following (in thousands):
| June 30, 2022 |  | December 31, 2021
Accrued compensation and benefits | $ | 47,439 |  |  | $ | 48,911 |
Accrued sales, use, and telecom related taxes | 36,458 |  |  | 30,463 |
Accrued marketing | 55,243 |  |  | 52,547 |
Operating lease liabilities, short-term | 17,875 |  |  | 18,686 |
Other accrued expenses | 161,257 |  |  | 129,191 |
Total accrued liabilities | $ | 318,272 |  |  | $ | 279,798 |
Deferred and Prepaid Sales Commission Costs Amortization expense for the deferred and prepaid sales commission costs was $26.9 million and $17.8 million for the three months ended June 30, 2022 and 2021, respectively, and $50.1 million and $33.4 million for the six months ended June 30, 2022 and 2021, respectively. There was no impairment loss in relation to the costs capitalized for the periods presented.

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI https://asc.fasb.org/topic&trid=2122208 + Details
Name: | us-gaap_SupplementalBalanceSheetDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration