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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows used in operating activities:    
Net loss $ (29,603) $ (30,150)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 11,228 11,563
Allowance for doubtful accounts 1,247 783
Stock-based compensation 18,315 13,523
Deferred income taxes (2,820) (2,672)
Accretion of interest 6,859 6,060
Changes in operating assets and liabilities:    
Accounts receivable (17,219) (8,251)
Prepaid expenses and other current assets 101 350
Other assets 137 30
Accounts payable (502) (28)
Accrued expenses and other current liabilities 21,565 14,530
Accrued compensation (13,798) (11,737)
Operating lease liabilities (1,287) (479)
Other liabilities (543) (1,414)
Net cash used in operating activities (6,320) (7,892)
Cash flows provided by (used in) investing activities:    
Purchase of property and equipment (962) (571)
Purchase of internal-use software (1,966) (1,099)
Proceeds from marketable securities 0 9,000
Sale of assets 0 6
Acquisition of business, net of cash acquired (9,000) 0
Net cash (used in) provided by investing activities (11,928) 7,336
Cash flows provided by financing activities:    
Net proceeds from the exercise of stock options 14,889 8,854
Cash received for withholding taxes on stock-based compensation, net 164 1,848
Net cash provided by financing activities 15,053 10,702
Net (decrease) increase in cash and cash equivalents (3,195) 10,146
Foreign exchange difference (3,202) (177)
Cash and cash equivalents at beginning of the period 514,353 423,989
Cash and cash equivalents at end of the period 507,956 433,958
Income taxes paid 0 23
Interest paid $ 0 $ 0