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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (40,490) $ (38,304)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 2,909 2,891
Stock-based compensation 32,093 35,811
Amortization of deferred commissions 7,932 3,462
Non-cash operating lease costs 2,394 2,367
Amortization of debt issuance costs 383 376
Amortization of premium and accretion of discount on marketable securities (3,743) (1,293)
Changes in assets and liabilities:    
Trade receivables 68,675 60,586
Prepaid expenses and other current assets 4,951 (7,236)
Deferred commissions (7,359) (3,033)
Other long-term assets (136) (589)
Trade payables 2,227 (2,254)
Accrued expenses and other short-term liabilities (16,840) (15,794)
Deferred revenues 3,554 (1,374)
Other long-term liabilities 173 1,214
Net cash provided by operating activities 56,723 36,830
Cash flows from investing activities:    
Proceeds from sales and maturities of marketable securities 15,100 16,650
Investment in marketable securities (131,482) (59,555)
Proceeds from short-term and long-term deposits 6,299 4,000
Investment in short-term and long-term deposits (1,586) (102,500)
Purchases of property and equipment (297) (1,110)
Net cash used in investing activities (111,966) (142,515)
Cash flows from financing activities:    
Proceeds from employee stock plans 6,414 5,853
Taxes paid related to net share settlement of equity awards (34,860) (16,864)
Repurchase of common stock 0 (2,519)
Net cash used in financing activities (28,446) (13,530)
Decrease in cash and cash equivalents (83,689) (119,215)
Cash and cash equivalents at beginning of period 230,740 367,800
Cash and cash equivalents at end of period 147,051 248,585
Supplemental disclosure of cash flow information and non-cash activities:    
Cash paid for income taxes 420 351
Cash paid for interest 1,584 1,608
Lease liabilities arising from obtaining right-of-use assets $ 144 $ 997