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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net loss $ (82,771) $ (100,018)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 8,543 8,736
Stock-based compensation 94,113 108,176
Amortization of deferred commissions 19,906 17,547
Non-cash operating lease costs 7,050 7,087
Amortization of debt issuance costs 1,264 1,133
Amortization of premium and accretion of discount on marketable securities (11,288) (5,557)
Acquired in-process research and development 6,653 0
Changes in assets and liabilities:    
Trade receivables 49,913 24,895
Prepaid expenses and other short-term assets (10,889) (11,118)
Deferred commissions (23,846) (18,338)
Other long-term assets (129) (963)
Trade payables 817 (1,634)
Accrued expenses and other short-term liabilities (5,882) (17,652)
Deferred revenues 37,200 33,555
Other long-term liabilities 272 3,120
Net cash provided by operating activities 90,926 48,969
Cash flows from investing activities:    
Proceeds from maturities of marketable securities 157,100 28,850
Investment in marketable securities (576,753) (331,651)
Proceeds from short-term and long-term deposits 25,038 170,925
Investment in short-term and long-term deposits (9,233) (118,605)
Purchase of in-process research and development (6,653) 0
Purchases of property and equipment (2,342) (2,945)
Net cash used in investing activities (412,843) (253,426)
Cash flows from financing activities:    
Proceeds from issuance of convertible senior notes, net of issuance costs 450,099 0
Purchases of capped calls (55,522) 0
Proceeds from employee stock plans 16,082 11,346
Taxes paid related to net share settlement of equity awards (37,264) (19,971)
Repurchase of common stock 0 (43,522)
Net cash provided by (used in) financing activities 373,395 (52,147)
Increase (decrease) in cash and cash equivalents 51,478 (256,604)
Cash and cash equivalents at beginning of period 230,740 367,800
Cash and cash equivalents at end of period 282,218 111,196
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 10,115 6,231
Cash paid for interest 3,184 3,195
Supplemental disclosure of non-cash activities:    
Lease liabilities arising from obtaining right-of-use assets 573 1,945
Issuance of common stock for debt conversion 6 0
Issuance costs included in accrued expenses and other short-term liabilities $ 450 $ 0