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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities    
Net loss $ (19,188) $ (24,051)
Adjustments to reconcile net loss to net cash provided by operating activities    
Depreciation and amortization 27,478 9,927
Right-of-use asset amortization 4,251 3,522
Amortization of debt discount and issuance costs 19,475 10,916
Stock-based compensation 11,592 7,306
Deferred taxes 329 14,254
Loss on disposal of property and equipment 357 263
Changes in operating assets and liabilities:    
Accounts receivable, net of allowances (20,610) (16,218)
Prepaid expenses and other assets (4,173) (2,224)
Accounts payable 7,122 2,905
Accrued expenses and other liabilities 1,590 8,675
Operating right-of-use liability (4,535) (3,944)
Net cash (used in) provided by operating activities 23,688 11,331
Cash flows from investing activities    
Purchase of property and equipment (12,552) (9,536)
Capitalized software development costs (3,212) (1,846)
Purchase of land (30,017) 0
Proceeds from sale of land 17,462 0
Purchase of other investments 0 (230,780)
Proceeds from sales and maturities of other investments 40,000 0
Net cash (used in) provided by investing activities 11,681 (242,162)
Cash flows from financing activities    
Payments on finance leases (161) 0
Proceeds from issuance of convertible senior notes 250,000 400,000
Purchase of capped call (25,500) (43,320)
Payment of debt issuance costs (7,544) (11,965)
Proceeds from exercises of stock options 886 3,859
Value of equity awards withheld for tax liabilities (3,720) (1,472)
Net cash provided by financing activities 213,961 347,102
Effect of exchange rate changes on cash, cash equivalents and restricted cash 291 48
Net increase in cash, cash equivalents, and restricted cash 249,621 116,319
Cash, cash equivalents, and restricted cash, beginning of period 81,437 185,004
Cash, cash equivalents, and restricted cash, end of period 331,058 301,323
Supplemental disclosure of cash flow information    
Cash paid for interest 674 556
Cash (refunded) paid for taxes, net 961 (152)
Supplemental disclosure of noncash investing and financing activities    
Purchase of property and equipment, accrued but not paid 7,611 2,073
Obligation included in basis of acquired land 7,752 0
Lease incentive 3,193 0
Obligation included in basis of land acquired by the Developer 4,512 0
Equity awards withheld for tax liabilities, accrued but not paid $ 132 $ 348