XML 18 R7.htm IDEA: XBRL DOCUMENT v3.19.1
Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net loss $ (22,639) $ (15,046)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 1,337 797
Stock-based compensation 8,961 6,927
Amortization of deferred commissions 3,626 3,325
Amortization of operating lease right-of-use asset 1,399 0
Capital gain from disposal of fixed assets 24 0
Changes in assets and liabilities:    
Trade receivables 41,427 43,128
Prepaid expenses and other current assets (623) (5,806)
Deferred commissions (4,870) (2,434)
Other long term assets (19) 41
Trade payables (1,996) (152)
Accrued expenses and other short term liabilities (7,358) (8,200)
Deferred revenues (5,384) (5,373)
Other long term liabilities 170 237
Net cash provided by operating activities 14,055 17,444
Cash flows from investing activities:    
Decrease (increase) in short-term deposits 9,120 (1,144)
Decrease (increase) in marketable securities 1,928 (1,889)
Increase in long-term deposits (12) (308)
Purchase of property and equipment (5,103) (1,081)
Net cash provided by (used in) investing activities 5,933 (4,422)
Cash flows from financing activities:    
Proceeds (withholdings) from employee stock plans, net   1,066
Proceeds (withholdings) from employee stock plans, net (4,234)  
Net cash provided (used in) by financing activities (4,234) 1,066
Increase in cash, cash equivalents and restricted cash 15,754 14,088
Cash, cash equivalents and restricted cash at beginning of period 48,707 57,236
Cash, cash equivalents and restricted cash at end of period 64,461 71,324
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 2,543 $ 102
Initial recognition of operating lease right-of-use assets 51,875  
Initial recognition of operating lease liabilities $ 56,165