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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 $ (124,028) $ (492,024)
Adjustments to reconcile net loss to net cash used in operating activities:    
Goodwill impairment 0 357,585
Depreciation and amortization expense 16,451 14,950
Provisions for credit losses 695 (21)
Amortization of deferred contract acquisition costs 1,099 1,093
Amortization of deferred contract fulfillment costs 173 215
Stock-based compensation expense 26,058 42,685
Loss on equity method investment 1,700 1,277
Deferred income taxes (11) (23)
Changes in operating assets and liabilities, net of acquisition:    
Accounts receivable (22,692) 10,161
Inventories 1,079 205
Deferred contract acquisition costs (1,539) (2,338)
Prepaid expenses and other current assets (3,017) 1,091
Other assets 71 (212)
Accounts payable 1,072 (2,753)
Accrued expenses and other current liabilities 5,293 (11,591)
Deferred revenue 16,047 10,924
Net cash used in operating activities (81,549) (68,776)
Cash flows from investing activities:    
Purchases of property and equipment (101) (36)
Capitalized software development costs (7,972) (13,836)
Investment in less than majority owned joint venture (1,715) (3,920)
Purchases of investments 0 (389,990)
Proceeds from sales and maturities of investments 0 98,916
Net cash used in investing activities (9,788) (308,866)
Cash flows from financing activities:    
Proceeds from exercise of common stock options 0 569
Proceeds from employee stock purchase plan 956 1,268
Payments for the purchase of treasury stock 0 (586)
Net cash provided by financing activities 956 1,251
Effect of exchange rates changes on cash, cash equivalents, and restricted cash (4,749) (799)
Net decrease in cash, cash equivalents, and restricted cash (95,130) (377,190)
Cash, cash equivalents, and restricted cash at beginning of period 372,833 539,341
Cash, cash equivalents, and restricted cash at end of period 277,703 162,151
Cash, cash equivalents, and restricted cash at end of period:    
Cash and cash equivalents 276,908 161,356
Restricted cash 795 795
Total cash, cash equivalents, and restricted cash at end of period 277,703 162,151
Supplemental disclosure of cash flow information:    
Cash paid for income taxes $ 2,195 $ 1,018