XML 26 R7.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows From Operating Activities    
Net loss $ (104,918) $ (75,473)
Adjustments to reconcile net loss to cash provided by operating activities:    
Depreciation and amortization expense 45,352 31,245
Non-cash operating lease costs 18,106 11,004
Amortization of deferred contract acquisition costs 20,218 12,915
Stock-based compensation expense 88,780 38,589
Amortization of debt discount and issuance costs 2,332 18,154
Net accretion of discounts and amortization of premiums on available-for-sale securities 3,798 3,864
Deferred income taxes (1,833) (6,616)
Provision for bad debt 2,010 2,009
Other 264 84
Changes in operating assets and liabilities, net of effect of acquisitions:    
Accounts receivable, net (26,947) (14,363)
Contract assets (1,116) (1,711)
Deferred contract acquisition costs (30,604) (25,326)
Prepaid expenses and other current assets (5,067) (1,465)
Other noncurrent assets 371 1,590
Accounts payable 8,174 6,767
Accrued expenses and other current liabilities (30,479) 10,936
Operating lease liabilities (20,523) (10,371)
Deferred revenue 34,477 27,721
Other noncurrent liabilities 389 1,396
Net cash provided by operating activities 2,784 30,949
Cash Flows From Investing Activities    
Purchases of property and equipment (61,565) (35,840)
Capitalized internal-use software (10,034) (7,103)
Cash paid for acquisitions, net of cash acquired (86,941) 0
Purchases of available-for-sale securities (422,374) (381,205)
Maturities of available-for-sale securities 414,036 514,344
Other investing activities 25 50
Net cash provided by (used in) investing activities (166,853) 90,246
Cash Flows From Financing Activities    
Repayments of convertible senior notes (16,571) 0
Proceeds from the exercise of stock options 5,977 11,519
Proceeds from the early exercise of stock options 62 95
Repurchases of unvested common stock (3) (169)
Proceeds from the issuance of common stock for employee stock purchase plan 8,688 7,174
Payment of tax withholding obligation on RSU settlement (1,264) (1,090)
Net cash provided by (used in) financing activities (3,111) 17,529
Net increase (decrease) in cash, cash equivalents, and restricted cash (167,180) 138,724
Cash, cash equivalents, and restricted cash, beginning of period 320,958 118,146
Cash, cash equivalents, and restricted cash, end of period 153,778 256,870
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest 642 2,186
Cash paid for income taxes, net of refunds 990 942
Cash paid for operating lease liabilities 16,761 10,361
Supplemental Disclosure of Non-cash Investing and Financing Activities:    
Stock-based compensation capitalized for software development 2,656 1,542
Accounts payable and accrued expenses related to property and equipment additions 35,217 19,342
Vesting of early exercised stock options 1,560 2,052
Indemnity holdback consideration associated with business combinations 10,582 0
Issuance of common stock related to an acquisition 65,504 0
Operating lease right-of-use assets obtained in exchange for operating lease liabilities $ 17,537 $ 11,605