XML 15 R6.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating Activities:    
Net loss $ (93,373) $ (87,150)
Adjustments to reconcile net loss to net cash used in operating activities:    
Impairment of goodwill and indefinite-lived intangible assets 89,485 0
Impairment of long-lived assets 20,433 0
Depreciation and amortization 7,745 5,716
(Accretion of discounts) amortization of premium on marketable securities (1,865) 207
Amortization and other changes in operating lease right-of-use assets 4,018 4,225
Deferred income tax benefit (6,377) 0
Stock-based compensation 15,067 15,609
Net changes in operating assets and liabilities:    
Interest receivable (425) 60
Accounts receivable 962 11
Prepaid expenses and other assets 5,548 (4,992)
Accounts payable and other accrued liabilities (3,101) 5,796
Accrued compensation and employee benefits (8,450) (6,618)
Deferred revenues (154,284) (43,772)
Lease liabilities (2,455) (2,121)
Other non-current liabilities 61 69
Net cash used in operating activities (127,011) (112,960)
Investing Activities:    
Purchases of marketable securities (52,112) (129,928)
Maturities of marketable securities 146,048 168,346
Purchases of property and equipment (15,740) (8,284)
Net cash provided by investing activities 78,196 30,134
Financing Activities:    
Taxes paid related to net share settlement of equity awards (1,303) (1,827)
Proceeds from exercise of stock options 0 90
Net cash provided by financing activities 14,521 21,307
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 680 352
Net decrease in cash, cash equivalents, and restricted cash (33,614) (61,167)
Cash, cash equivalents, and restricted cash, beginning of period 101,944 180,372
Cash, cash equivalents, and restricted cash, end of period 68,330 119,205
Supplemental cash flow disclosures:    
Property and equipment included in unpaid liabilities 4,909 2,232
At the Market Offering    
Financing Activities:    
Proceeds from at-the market offering/ issuance of common stock 15,105 21,929
Employee Stock    
Financing Activities:    
Proceeds from at-the market offering/ issuance of common stock $ 719 $ 1,115