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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net loss $ (17,484) $ (1,420)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Share-based compensation expense 11,257 29,289
Depreciation and amortization expense 32,094 19,687
Deferred tax assets 15 2,877
Operating lease expense, net of accretion 1,089 1,567
Amortization of debt issuance costs 377 541
Loss from write-offs of property and equipment 2,287 478
Gain on early extinguishment of debt (7,360) 0
Realized gain on sale of investments (752) 0
Other non-cash items (28) (31)
Change in assets and liabilities:    
Accounts receivable (4,693) 6,705
Prepaid expenses and other current assets 5,880 3,583
Other assets 518 (1,270)
Accounts payable 1,535 (6,589)
Deferred revenue 5,437 (1,159)
Accrued liabilities (4,894) 640
Other liabilities (752) (1,580)
Net cash provided by operating activities 24,526 53,318
Cash flows from investing activities    
Purchases of property and equipment (8,665) (28,017)
Purchases of investments (793) (79,028)
Maturities of investments 103,214 50,731
Proceeds from sale of investments 181,158 0
Proceeds from sale of strategic equity investment 0 15,500
Net cash provided by (used in) investing activities 274,914 (40,814)
Cash flows from financing activities    
Payment of taxes related to the net share settlement of equity awards (469) (4,294)
Repayment of convertible senior notes (416,492) 0
Net cash used in financing activities (416,961) (4,294)
Effect of exchange rate changes 218 (226)
Net (decrease) increase in cash, cash equivalents and restricted cash (117,303) 7,984
Cash, cash equivalents and restricted cash, beginning of period 164,359 137,976
Cash, cash equivalents and restricted cash, end of period 47,056 145,960
Supplemental cash flow data:    
Interest 224 224
Income taxes, net of refunds 1,227 641
Cash paid for amounts included in the measurement of lease liabilities:    
Operating cash flows from operating leases 2,221 2,216
Right of use assets obtained in exchange for lease obligations:    
Operating leases 258 0
Non-cash investing and financing activities:    
Accrued purchases of long-lived assets $ 4,265 $ 6,302