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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net loss $ (10,573) $ (7,463)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 1,142 903
Stock-based compensation expense 9,936 8,193
Provision for (recovery of) doubtful accounts 40 (187)
Amortization (accretion) of premiums and discounts on marketable securities, net 101 (81)
Amortization of debt discount and issuance costs 2,197 0
Deferred income tax 0 (18)
Changes in assets and liabilities:    
Accounts receivable 14,265 14,818
Deferred commissions 603 (2,029)
Operating lease right-of-use asset 1,098 668
Other receivables (253) (214)
Prepaid expenses and other (1,955) (3,236)
Other assets (74) (1,464)
Accounts payable (1,382) (1,562)
Deferred revenue (1,228) 1,987
Operating lease liability (1,145) (655)
Accrued expenses and other liabilities (8,023) (4,541)
Net cash provided by operating activities 4,749 5,119
Cash flows from investing activities    
Purchase of property and equipment (688) (1,743)
Purchase of marketable securities (20,832) (22,155)
Sale of marketable securities 11,423 0
Maturities of marketable securities 12,975 7,390
Purchase of intangible assets (77) (84)
Net cash provided by (used in) investing activities 2,801 (16,592)
Cash flows from financing activities    
Proceeds from option exercises 2,794 11,055
Taxes paid related to net share settlements of stock-based compensation awards (1,379) (390)
Proceeds from shares issued in connection with employee stock purchase plan 3,660 2,149
Principal payments on financing obligations (320) (294)
Net cash provided by financing activities 4,755 12,520
Effect of foreign exchange rates on cash (613) 105
Net increase in cash and cash equivalents 11,692 1,152
Cash and cash equivalents at beginning of period 381,742 77,584
Cash and cash equivalents at end of period 393,434 78,736
Supplemental cash flow disclosure    
Cash paid for interest 2,320 464
Cash paid for income taxes, net of refunds 159 233
Supplemental disclosure of noncash investing and financing activities    
Allowance for tenant improvements $ 124 $ 0