XML 61 R7.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net loss attributable to New Relic $ (60,978) $ (24,054)
Net loss attributable to redeemable non-controlling interest (Note 3) (1,437) (283)
Net loss: (62,415) (24,337)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 56,237 38,585
Stock-based compensation expense 70,496 39,624
Amortization of debt discount and issuance costs 15,718 12,313
Gain on lease modification (3,006)  
Other (2,919) (800)
Changes in operating assets and liabilities, net of acquisition of business:    
Accounts receivable, net 10,015 (3,411)
Prepaid expenses and other assets (204) 3,262
Deferred contract acquisition costs (25,786) (27,689)
Lease right-of-use assets 19,539  
Accounts payable 4,257 3,850
Accrued compensation and benefits and other liabilities 1,136 7,771
Lease liabilities (16,812)  
Deferred revenue (34,590) 16,827
Deferred rent 0 899
Net cash provided by operating activities 31,666 66,894
Cash flows from investing activities:    
Purchases of property and equipment (49,705) (29,715)
Cash paid for acquisitions, net of cash acquired (Note 2) (4,250) (5,556)
Purchases of short-term investments (337,070) (581,504)
Proceeds from sale and maturity of short-term investments 292,409 161,237
Capitalized software development costs (4,463) (3,810)
Net cash used in investing activities (103,079) (459,348)
Cash flows from financing activities:    
Investment from redeemable non-controlling interest 978 3,596
Proceeds from issuance of convertible senior notes, net of issuance costs paid of $11,582 0 488,669
Purchase of capped call related to convertible senior notes 0 (63,182)
Proceeds from employee stock purchase plan 5,933 4,887
Proceeds from exercise of employee stock options 5,977 11,519
Net cash provided by financing activities 12,888 445,489
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect, Total (58,525) 53,035
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning Balance 243,161 140,681
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Ending Balance 184,636 193,716
Supplemental disclosure of cash flow information:    
Cash paid for interest and income taxes 3,868 683
Noncash investing and financing activities:    
Property and equipment purchased but not yet paid 7,797 5,758
Acquisition holdback $ 850 $ 865