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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net loss $ (19,893) $ (48,987)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 25,121 23,071
Amortization of operating lease right-of-use assets 6,312 5,838
Amortization of deferred contract acquisition costs 33,825 25,710
Accretion of discount on marketable investments (11,217) (4,315)
Provision for credit losses 677 528
Stock-based compensation 88,316 104,110
Amortization of discount and issuance costs on convertible senior notes 2,509 1,839
Gain on early extinguishment of debt (6,615) 0
Deferred taxes 356 250
Other (64) 622
Changes in operating assets and liabilities:    
Accounts receivable (7,635) (1,494)
Prepaid expenses and other current assets (7,137) (8,764)
Deferred contract acquisition costs (53,032) (44,606)
Other assets (1,868) (5,344)
Accounts payable 3,931 2,316
Accrued and other current liabilities 3,934 4,453
Deferred revenue (3,484) (680)
Other liabilities (1,805) 717
Net cash provided by operating activities 52,231 55,264
Cash flows from investing activities:    
Purchases of marketable investments (816,492) (337,595)
Proceeds from sales of marketable investments 12,517 245
Proceeds from maturities of marketable investments 470,755 227,836
Purchases of property and equipment (18,722) (16,642)
Capitalization of software development costs (8,260) (3,565)
Cash paid to acquire Aceyus, Inc. 99 0
Net cash used in investing activities (360,103) (129,721)
Cash flows from financing activities:    
Proceeds from issuance of 2029 convertible senior notes, net of issuance costs 728,843 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
Repayment of outstanding 2023 convertible senior notes at maturity 0 (169)
Cash received from the settlement at maturity of the outstanding capped calls associated with the 2023 convertible senior notes 0 74,453
Cash received from partial termination of capped calls associated with the 2025 convertible senior notes 539 0
Proceeds from exercise of common stock options 397 6,981
Proceeds from sale of common stock under ESPP 9,522 9,444
Payment of finance lease liabilities (966) 0
Net cash provided by financing activities 340,412 90,709
Net increase in cash, cash equivalents and restricted cash 32,540 16,252
Cash, cash equivalents and restricted cash:    
Beginning of period 144,842 180,987
End of period 177,382 197,239
Supplemental disclosures of cash flow data:    
Cash paid for interest 1,603 1,872
Cash paid for income taxes 1,512 812
Non-cash investing and financing activities:    
Property and equipment unpaid at period-end 16,684 5,849
Stock-based compensation included in capitalized software development costs 3,432 1,542
Reconciliation of Cash, Cash Equivalents and Restricted Cash to the Condensed Consolidated Balance Sheets    
Cash and cash equivalents 175,699 195,592
Restricted cash in other assets 1,683 1,647
Total cash, cash equivalents and restricted cash $ 177,382 $ 197,239