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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities:    
Net loss $ (57,814) $ (35,878)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation of property and equipment 7,775 6,438
Amortization of intangible assets 6,703 2,112
Amortization of deferred financing costs 9 15
Change in fair value of mark-to-market liabilities   (1,266)
Stock-based compensation 43,398 16,102
Other (988) (757)
Changes in assets and liabilities:    
Accounts receivable, net (5,711) (14,011)
Prepaid expenses and other assets (7,005) (168)
Deferred commissions (7,571) (1,172)
Right-of-use assets 2,110  
Accounts payable and accrued liabilities 8,855 10,241
Deferred revenue 39,969 37,011
Lease liabilities (1,700)  
Deferred rent   1,603
Other liabilities 3,550  
Net cash provided by operating activities 31,580 20,270
Investing activities:    
Purchases of property and equipment (7,485) (8,888)
Proceeds from sale of property and equipment 71 78
Purchases of marketable securities (15,394) (92,170)
Maturities of marketable securities 60,700 37,850
Sale of marketable securities 8,786  
Business acquisitions, net of cash received (55,293)  
Net cash used in investing activities (8,615) (63,130)
Financing activities:    
Proceeds from common stock offerings, net of offering costs   109,789
Proceeds from issuance of common stock from employee equity plans 7,008 8,760
Shares repurchased for tax withholdings on vesting of restricted stock (2,094) (333)
Payments for financing costs   (18)
Net cash provided by financing activities 4,914 118,198
Net increase in cash and cash equivalents 27,879 75,338
Cash and cash equivalents, beginning of period 94,320 35,693
Cash and cash equivalents, end of period 122,199 111,031
Supplemental cash flow disclosure:    
Cash paid for taxes 217 131
Non-cash investing and financing activities:    
Capital expenditures incurred but not yet paid 523 $ 192
Consideration not yet received in connection with the acquisition of Portfolium, net (280)  
Issuance of common stock for acquisition $ 30,012