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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Jun. 30, 2020
Mar. 31, 2020
Cash flows from operating activities        
Net loss $ (5,316) $ (19,926) $ (20,641) $ (1,058)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities        
Depreciation and amortization 9,043     3,298
Right-of-use asset amortization 1,347     1,158
Amortization of debt discount and issuance costs 5,186     1,753
Stock-based compensation 4,390     2,499
Deferred taxes (1,095)     (2,337)
Loss on disposal of property and equipment 201     233
Changes in operating assets and liabilities:        
Accounts receivable, net of allowances 3,530     (6,899)
Prepaid expenses and other assets 925     (991)
Deferred costs (352)     (396)
Accounts payable 1,387     304
Accrued expenses and other liabilities (6,913)     (4,991)
Deferred revenue and advanced billings (953)     1,105
Operating right-of-use liability (1,371)     (1,285)
Net cash (used in) provided by operating activities 10,009     (7,607)
Cash flows from investing activities        
Purchase of property and equipment (6,781)     (3,638)
Capitalized software development costs (1,103)     (790)
Proceeds from sales and maturities of other investments 30,000     0
Net cash (used in) provided by investing activities 22,116     (4,428)
Cash flows from financing activities        
Payments on finance leases (44)     0
Proceeds from issuance of convertible senior notes 250,000     400,000
Payment of debt issuance costs (7,000)     (11,048)
Purchase of capped call (25,500)     (43,320)
Proceeds from exercises of stock options 738     244
Value of equity awards withheld for tax liabilities (2,900)     (960)
Net cash provided by financing activities 215,294     344,916
Effect of exchange rate changes on cash, cash equivalents and restricted cash 402     (25)
Net increase in cash, cash equivalents, and restricted cash 247,821     332,856
Cash, cash equivalents, and restricted cash, beginning of period 81,437   $ 517,860 185,004
Cash, cash equivalents, and restricted cash, end of period 329,258 $ 81,437   517,860
Supplemental disclosure of cash flow information        
Cash paid for interest 525     0
Cash refunded for taxes (394)     (229)
Supplemental disclosure of noncash investing and financing activities        
Purchase of property and equipment, accrued but not paid 1,780     2,595
Equity awards withheld for tax liabilities, accrued but not paid 531     238
Payment of debt issuance costs, accrued but unpaid $ 659     $ 875