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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities        
Net loss $ (19,765) $ (8,322) $ (30,338) $ (15,785)
Adjustments to reconcile net loss to net cash provided by operating activities:        
Depreciation and amortization 1,131 971 2,273 1,874
Stock-based compensation expense 14,894 8,513 24,830 16,706
Provision for doubtful accounts 319 233 359 46
Amortization (accretion) of premiums and discounts on marketable securities, net 112 (23) 213 (104)
Amortization of debt discount and issuance costs 2,213 0 4,410 0
Deferred income tax (131) (28) (131) (46)
Changes in assets and liabilities:        
Accounts receivable 3,847 3,133 18,112 17,951
Deferred commissions (2,166) (3,833) (1,563) (5,862)
Operating lease right-of-use asset 875 556 1,973 1,224
Other receivables 58 161 (195) (53)
Prepaid expenses and other (890) (310) (2,845) (3,546)
Other assets (609) 58 (683) (1,406)
Accounts payable (1,692) 1,206 (3,074) (356)
Deferred revenue (3,640) 8,295 (4,868) 10,282
Operating lease liability (1,178) (813) (2,323) (1,468)
Accrued expenses and other liabilities 13,735 8,966 5,712 4,425
Net cash provided by operating activities 7,113 18,763 11,862 23,882
Cash flows from investing activities        
Purchase of property and equipment (696) (454) (1,384) (2,197)
Purchase of marketable securities (16,457) (18,562) (37,289) (40,717)
Sale of marketable securities 0 0 11,423 0
Maturities of marketable securities 13,062 11,500 26,037 18,890
Purchase of intangible assets (74) (577) (151) (661)
Net cash used in investing activities (4,165) (8,093) (1,364) (24,685)
Cash flows from financing activities        
Proceeds from option exercises 6,664 5,498 9,458 16,553
Taxes paid related to net share settlements of stock-based compensation awards (732) 0 (2,111) (390)
Proceeds from shares issued in connection with employee stock purchase plan 0 0 3,660 2,149
Principal payments on financing obligations (328) (301) (648) (595)
Net cash provided by financing activities 5,604 5,197 10,359 17,717
Effect of foreign exchange rates on cash 135 110 (478) 215
Net increase in cash and cash equivalents 8,687 15,977 20,379 17,129
Cash and cash equivalents at beginning of period 393,434 78,736 381,742 77,584
Cash and cash equivalents at end of period 402,121 94,713 402,121 94,713
Supplemental cash flow disclosure        
Cash paid for interest 382 422 2,702 886
Cash paid for income taxes, net of refunds 227 28 385 261
Supplemental disclosure of noncash investing and financing activities        
Allowance for tenant improvements 25 0 149 0
Purchases of property and equipment, accrued but not paid $ 0 $ 444 $ 0 $ 444