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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows provided by (used in) operating activities:    
Net income $ 5,076 $ 2,036
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 206 192
Stock-based compensation 1,141 531
Net gains on investment in marketable equity securities (3,166) 0
Net losses on derivative instruments 2,795 0
Realized gains on investment in marketable debt securities (368) 0
Foreign currency remeasurement gains 131 280
Other (17) 24
Changes in operating assets and liabilities:    
Accounts and other receivables (109) 184
Prepaid expenses and other current assets 1,644 1,396
Long-term deposits 4,611 0
Other assets 757 843
Accounts payable 52 305
Accrued compensation 12 (68)
Other current liabilities (77) 280
Deferred revenue (1,295) (1,226)
Other long-term liabilities (355) (367)
Net cash provided by operating activities 11,038 4,410
Cash flows provided by (used in) investing activities:    
Purchases of marketable securities (36,778) 0
Proceeds from sale or maturities of marketable securities and other investments 39,899 0
Proceeds from sale of derivative instruments 6,817 0
Payments for settlement of derivative instruments (5,105) 0
Purchases of property and equipment 0 (57)
Net cash provided by (used in) investing activities 4,833 (57)
Cash flows provided by (used in) financing activities:    
Proceed from issuance of common stock, net of issuance costs 5 35,937
Proceeds from issuance of common stock under employee stock purchase plan 34 89
Proceeds from stock options exercises 0 2,723
Cash paid for purchases of treasury stock (4,442) 0
Net cash provided by (used in) financing activities (4,403) 38,749
Net increase in cash and cash equivalents 11,468 43,102
Cash and cash equivalents:    
Beginning of year 51,490 59,522
End of year 62,958 102,624
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 17 13
Supplemental disclosure of non-cash operating, investing, and financing activities:    
Release of restricted stock units and awards under company stock plan 612 2,367
Leased assets obtained in exchange for new operating lease liabilities $ 120 $ 0