XML 17 R7.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net loss $ (168,069) $ (629,128)
Adjustments to reconcile net loss to net cash used in operating activities:    
Goodwill impairment   436,479
Depreciation and amortization expense 24,765 23,216
Provisions for credit losses 851 88
Amortization of deferred contract acquisition costs 1,819 1,611
Amortization of deferred contract fulfillment costs 275 323
Stock-based compensation expense 36,659 59,567
Loss on equity method investment 2,402 1,877
Deferred income taxes 2 (24)
Changes in operating assets and liabilities, net of acquisition:    
Accounts receivable (35,932) 11,475
Inventories 1,891 905
Deferred contract acquisition costs (2,312) (2,351)
Prepaid expenses and other current assets (1,620) 4,976
Other assets (206) (214)
Accounts payable 3,305 (2,357)
Accrued expenses and other current liabilities 8,685 (16,579)
Deferred revenue 13,582 3,369
Net cash used in operating activities (113,903) (106,767)
Cash flows from investing activities:    
Purchases of property and equipment (116) (96)
Capitalized software development costs (12,690) (13,836)
Investment in less than majority owned joint venture (1,715) (3,920)
Purchases of investments   (389,990)
Proceeds from sales and maturities of investments   294,335
Net cash used in investing activities (14,521) (113,507)
Cash flows from financing activities:    
Proceeds from exercise of common stock options   569
Proceeds from employee stock purchase plan 1,384 2,164
Payments for the purchase of treasury stock (1) (586)
Net cash provided by financing activities 1,383 2,147
Effect of exchange rates changes on cash, cash equivalents, and restricted cash (350) (1,046)
Net decrease in cash, cash equivalents, and restricted cash (127,391) (219,173)
Cash, cash equivalents, and restricted cash at beginning of period 372,833 539,341
Cash, cash equivalents, and restricted cash at end of period 245,442 320,168
Cash, cash equivalents, and restricted cash at end of period:    
Cash and cash equivalents 244,647 319,373
Restricted cash 795 795
Total cash, cash equivalents, and restricted cash at end of period 245,442 320,168
Supplemental disclosure of cash flow information:    
Cash paid for income taxes $ 3,272 $ 4,067