XML 20 R7.htm IDEA: XBRL DOCUMENT v3.24.2
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net loss $ (64,438) $ (77,001)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 5,767 5,807
Stock-based compensation 62,182 75,196
Amortization of deferred commissions 14,498 12,524
Non-cash operating lease costs 4,722 4,731
Amortization of debt issuance costs 768 754
Amortization of premium and accretion of discount on marketable securities (7,611) (2,724)
Changes in assets and liabilities:    
Trade receivables 46,704 32,311
Prepaid expenses and other current assets (3,399) (10,065)
Deferred commissions (15,297) (12,423)
Other long-term assets (58) (447)
Trade payables 1,860 (2,282)
Accrued expenses and other short-term liabilities (4,374) (5,799)
Deferred revenues 26,995 19,322
Other long-term liabilities 128 2,732
Net cash provided by operating activities 68,447 42,636
Cash flows from investing activities:    
Proceeds from sales and maturities of marketable securities 45,101 20,850
Investment in marketable securities (166,099) (59,698)
Proceeds from short-term and long-term deposits 14,338 162,012
Investment in short-term and long-term deposits (9,192) (110,652)
Purchases of property and equipment (1,116) (2,603)
Net cash provided by (used in) investing activities (116,968) 9,909
Cash flows from financing activities:    
Proceeds from employee stock plans 9,792 5,889
Taxes paid related to net share settlement of equity awards (36,608) (19,439)
Repurchase of common stock 0 (7,599)
Net cash used in financing activities (26,816) (21,149)
Increase (decrease) in cash and cash equivalents (75,337) 31,396
Cash and cash equivalents at beginning of period 230,740 367,800
Cash and cash equivalents at end of period 155,403 399,196
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 5,739 2,400
Cash paid for interest 1,602 1,611
Lease liabilities arising from obtaining right-of-use assets 285 1,159
Common stock issued for debt conversion $ 6 $ 0