XML 16 R7.htm IDEA: XBRL DOCUMENT v3.22.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:        
Net loss attributable to New Relic $ (62,706) $ (53,626) $ (194,889) $ (130,933)
Net loss and adjustment attributable to redeemable non-controlling interest (Note 3) 9,121 (286) 19,175 (1,059)
Net loss (53,585) (53,912) (175,714) (131,992)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:        
Depreciation and amortization     66,787 66,315
Stock-based compensation expense 37,791 36,469 117,549 103,044
Amortization of debt discount and issuance costs     1,766 16,632
Other     (204) 1,812
Changes in operating assets and liabilities, net of acquisition of business:        
Accounts receivable, net     (3,053) 3,586
Prepaid expenses and other assets     (2,990) (999)
Deferred contract acquisition costs     (1,668) (33,093)
Lease right-of-use assets     6,743 (1,338)
Accounts payable     2,922 10,015
Accrued compensation and benefits and other liabilities     14,650 18,141
Lease liabilities     (5,888) 2,158
Deferred revenue     (67,228) (12,896)
Net cash provided by (used in) operating activities     (46,328) 41,385
Cash flows from investing activities:        
Purchases of property and equipment     (3,177) (15,799)
Cash paid for acquisition, net of cash acquired     (7,192) (41,536)
Purchases of short-term investments     (175,668) (293,844)
Proceeds from sale and maturity of short-term investments     212,328 228,050
Capitalized software development costs     (9,406) (9,739)
Net cash provided by (used in) investing activities     16,885 (132,868)
Cash flows from financing activities:        
Proceeds from employee stock purchase plan     5,417 6,494
Proceeds from exercise of employee stock options     29,165 3,632
Net cash provided by financing activities     34,582 10,126
Net increase (decrease) in cash, cash equivalents and restricted cash     5,139 (81,357)
Cash, cash equivalents and restricted cash at beginning of period     246,463 298,164
Cash, cash equivalents and restricted cash at end of period 251,602 216,807 251,602 216,807
Reconciliation of cash, cash equivalents and restricted cash to condensed consolidated balance sheets:        
Cash and cash equivalents 245,827 211,145 245,827 211,145
Restricted cash 5,775 5,662 5,775 5,662
Total cash, cash equivalents and restricted cash $ 251,602 $ 216,807 251,602 216,807
Supplemental disclosure of cash flow information:        
Cash paid for interest and income taxes     4,448 3,772
Noncash investing and financing activities:        
Property and equipment purchased but not yet paid     3 1,399
Issuance of common stock for the acquisition of business     13,487 62,365
Acquisition holdback     $ 7,250 $ 0