XML 25 R9.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Net (loss) $ (63,040) $ (61,373) $ (90,433)
Adjustments to reconcile net (loss) to cash provided by (used in) operating activities      
Stock-based compensation 115,947 103,068 80,909
Deferred income taxes (75,336) (59,777) (49,317)
Loss (gain) on capped call transactions 23,633 (31,697) 0
Amortization of deferred commissions 41,387 33,302 29,152
Lease expense 13,277 16,248 14,497
Amortization of debt discount and issuance costs 2,977 14,813 0
Amortization of intangible assets and depreciation 28,593 21,348 21,396
Amortization of investments 3,721 1,073 800
Foreign currency transaction loss (gain) 6,459 (3,704) 2,335
Other 1,032 (879) (521)
Change in operating assets and liabilities:      
Accounts receivable, unbilled receivables, and contract assets (11,957) (32,321) 1,088
Other current assets 17,209 (12,959) (6,344)
Other current liabilities (18,726) 37,945 25,670
Deferred revenue 41,279 43,661 1,937
Deferred commissions (71,451) (55,175) (49,746)
Other long-term assets and liabilities (15,886) (14,136) (23,588)
Cash provided by (used in) operating activities 39,118 (563) (42,165)
Investing activities      
Purchases of investments (79,121) (326,549) (11,424)
Proceeds from maturities and called investments 105,977 28,811 13,634
Sales of investments 61,096 1,424 89,406
Payments for acquisitions, net of cash acquired (4,993) 0 (10,934)
Investment in property and equipment (10,456) (25,369) (10,608)
Cash provided by (used in) investing activities 72,503 (321,683) 70,074
Financing activities      
Proceeds from issuance of convertible senior notes 0 600,000 0
Purchase of capped calls related to convertible senior notes 0 (51,900) 0
Payment of debt issuance costs 0 (14,527) 0
Proceeds from employee stock purchase plan 10,554 3,039 2,202
Dividend payments to stockholders (9,761) (9,628) (9,486)
Proceeds from revolving credit facility 0 0 45,000
Payments on revolving credit facility 0 0 (45,000)
Common stock repurchases for tax withholdings for net settlement of equity awards (69,925) (75,562) (44,839)
Common stock repurchases under stock repurchase program (52,711) (27,974) (22,135)
Cash (used in) provided by financing activities (121,843) 423,448 (74,258)
Effect of exchange rate changes on cash and cash equivalents (1,712) 2,334 290
Net (decrease) increase in cash and cash equivalents (11,934) 103,536 (46,059)
Cash and cash equivalents, beginning of period 171,899 68,363 114,422
Cash and cash equivalents, end of period 159,965 171,899 68,363
Supplemental disclosures      
Interest paid on convertible notes 4,500 2,338 0
Income taxes (refunded) paid (4,552) 3,377 4,745
Non-cash investing and financing activity:      
Dividends payable $ 2,454 $ 2,428 $ 2,388