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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income (loss) $ 149,763 $ (97,760)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 20,412 17,248
Stock-based compensation expense 83,083 60,441
Amortization of right-of-use assets 13,979 15,947
Amortization of content assets [1] 28,093 12,182
Provision for (recoveries of) doubtful accounts (1,099) 3,516
Other items, net (8) 290
Changes in operating assets and liabilities:    
Accounts receivable (56,661) 21,372
Inventories 5,899 4,713
Prepaid expenses and other current assets (30,235) (5,222)
Other non-current assets (72,195) 2,095
Accounts payable 16,433 20,847
Accrued liabilities 16,543 6,336
Operating lease liabilities (18,394) 12,695
Other long-term liabilities (527) (556)
Deferred revenue (10,326) 5,952
Net cash provided by operating activities 144,760 80,096
Cash flows from investing activities:    
Purchases of property and equipment (13,898) (64,109)
Acquisitions of businesses, net of cash acquired (136,778)  
Proceeds from escrows associated with acquisition   1,058
Net cash used in investing activities (150,676) (63,051)
Cash flows from financing activities:    
Proceeds from equity issued under at-the-market offerings, net of issuance costs 989,615 349,609
Proceeds from borrowings, net of issuance costs   69,325
Repayments of borrowings (2,500) (71,825)
Proceeds from equity issued under incentive plans 10,285 5,877
Net cash provided by financing activities 997,400 352,986
Net increase in cash, cash equivalents and restricted cash 991,484 370,031
Cash, cash equivalents and restricted cash —beginning of period 1,093,249 517,333
Cash, cash equivalents and restricted cash —end of period 2,084,733 887,364
Cash, cash equivalents and restricted cash at end of period:    
Cash and cash equivalents 2,083,273 885,825
Restricted cash, current   1,539
Restricted cash, non-current 1,460  
Cash, cash equivalents and restricted cash —end of period 2,084,733 887,364
Supplemental disclosures of cash flow information:    
Cash paid for interest 1,290 2,118
Cash paid for income taxes 487 482
Supplemental disclosures of noncash investing and financing activities:    
Non-cash consideration for business combination 15,200  
Services to be received as part of a business combination 6,300  
Unpaid portion of property and equipment purchases 3,709 5,218
Unpaid portion of acquisition-related expenses $ 271  
Unpaid portion of purchased intangibles   400
Unpaid portion of at-the-market issuance costs   $ 150
[1] Included in Cost of revenue, platform in the condensed consolidated statements of operations.