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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (7,077) $ (27,248)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 12,183 11,347
Amortization of operating lease right-of-use assets 3,323 2,934
Amortization of deferred contract acquisition costs 16,269 12,423
Accretion of discount on marketable investments (4,935) (1,863)
Provision for credit losses 352 317
Stock-based compensation 44,684 50,743
Amortization of discount and issuance costs on convertible senior notes 1,074 908
Gain on early extinguishment of debt (6,615) 0
Deferred taxes 248 59
Other (286) 439
Changes in operating assets and liabilities:    
Accounts receivable (6,085) (908)
Prepaid expenses and other current assets (1,003) (2,307)
Deferred contract acquisition costs (33,565) (20,665)
Other assets (781) (4,231)
Accounts payable 1,279 1,557
Accrued and other current liabilities 15,832 7,725
Deferred revenue (1,452) 181
Other liabilities (1,092) 2,001
Net cash provided by operating activities 32,353 33,412
Cash flows from investing activities:    
Purchases of marketable investments (524,865) (140,892)
Proceeds from sales of marketable investments 12,517 0
Proceeds from maturities of marketable investments 260,619 76,940
Purchases of property and equipment (11,951) (9,928)
Capitalization of software development costs (3,242) (1,806)
Cash paid to acquire Aceyus, Inc. 99 0
Net cash used in investing activities (266,823) (75,686)
Cash flows from financing activities:    
Proceeds from issuance of 2029 convertible senior notes, net of issuance costs 728,873 0
Payments for capped call transactions associated with the 2029 convertible senior notes (93,438) 0
Repurchase of a portion of 2025 convertible senior notes, net of costs (304,485) 0
Cash received from partial termination of capped calls associated with the 2025 convertible senior notes 539 0
Proceeds from exercise of common stock options 386 3,125
Payment of finance lease liabilities (479) 0
Net cash provided by financing activities 331,396 3,125
Net increase (decrease) in cash, cash equivalents and restricted cash 96,926 (39,149)
Cash, cash equivalents and restricted cash:    
Beginning of period 144,842 180,987
End of period 241,768 141,838
Supplemental disclosures of cash flow data:    
Cash paid for interest 458 2
Cash paid for income taxes 12 32
Non-cash investing and financing activities:    
Property and equipment unpaid at period-end 9,335 8,310
Stock-based compensation included in capitalized software development costs 1,303 773
Reconciliation of Cash, Cash Equivalents and Restricted Cash to the Condensed Consolidated Balance Sheets    
Cash and cash equivalents 240,190 141,359
Restricted cash in other assets 1,578 479
Total cash, cash equivalents and restricted cash $ 241,768 $ 141,838