v3.20.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net loss $ (60,106) $ (21,554)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 23,485 9,698
Stock-based compensation expense 20,870 9,584
Non-cash lease expense 3,620 2,634
Provision for credit losses 629 0
Changes in operating assets and liabilities:    
Accounts receivable, net (42,744) (37,522)
Payments to university clients 2,739 (10,595)
Prepaid expenses and other assets (5,273) (10,489)
Accounts payable and accrued expenses 23,390 17,536
Accrued compensation and related benefits 3,033 (6,768)
Deferred revenue 21,650 16,215
Other liabilities, net (3,920) (1,640)
Other 2,764 373
Net cash used in operating activities (9,863) (32,528)
Cash flows from investing activities    
Purchase of a business, net of cash acquired (958) 0
Additions of amortizable intangible assets (15,808) (13,570)
Purchases of property and equipment (2,436) (3,164)
Purchase of investments 0 (2,500)
Proceeds from maturities of investments 0 25,000
Advances repaid by university clients 100 200
Net cash (used in) provided by investing activities (19,102) 5,966
Cash flows from financing activities    
Payments on debt (358) 0
Payment of debt issuance costs (2,500) 0
Proceeds from exercise of stock options 384 1,928
Payments for acquisition of amortizable intangible assets 0 (1,283)
Net cash (used in) provided by financing activities (2,474) 645
Effect of exchange rate changes on cash (944) (249)
Net decrease in cash, cash equivalents and restricted cash (32,383) (26,166)
Cash, cash equivalents and restricted cash, beginning of period 189,869 449,772
Cash, cash equivalents and restricted cash, end of period 157,486 423,606
Supplemental Cash Flow Information [Abstract]    
Cash paid for interest, net of amounts capitalized 4,918 27
Capital Expenditures Incurred but Not yet Paid $ 1,700 $ 3,200