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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows used in operating activities:    
Net loss $ (199,649) $ (29,603)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 48,659 9,710
Depreciation of rental equipment 824 0
Amortization of right-of-use assets 2,948 1,518
Allowance for doubtful accounts 3,074 1,247
Stock-based compensation 86,300 18,315
Deferred income taxes 87,004 (2,820)
Accretion of interest 16,829 6,859
Loss on extinguishment of debt 11,459 0
Unrealized gain on investment (5,852) 0
Other, net 38 105
Changes in operating assets and liabilities:    
Accounts receivable (11,717) (17,219)
Prepaid expenses and other current assets (12,799) 101
Inventory (2,877) 0
Other assets 1,244 137
Accounts payable (11,989) (502)
Accrued expenses and other current liabilities (1,889) 26,971
Accrued compensation (43,624) (13,798)
Deferred revenue 17,086 (5,406)
Operating lease liabilities (3,076) (1,287)
Other liabilities (19) (648)
Net cash used in operating activities (18,026) (6,320)
Cash flows used in investing activities:    
Capital expenditures (2,115) (962)
Capitalized software development costs (11,144) (1,966)
Proceeds from marketable securities 50,000 0
Acquisitions of business, net of cash acquired (55,921) (9,000)
Other, net 3,150 0
Net cash used in investing activities (16,030) (11,928)
Cash flows provided by financing activities:    
Net proceeds from the exercise of stock options 11,908 14,889
Repurchase of 2022 Notes (130) 0
Proceeds from advances from financing companies 4,816 0
Payment from customers against advances from financing companies (4,098) 0
Proceeds from employee stock purchase plan 8,648 0
Cash received for withholding taxes on stock-based compensation, net 1,218 164
Other, net (187) 0
Net cash provided by financing activities 22,175 15,053
Net decrease in cash and cash equivalents (11,881) (3,195)
Foreign exchange difference (1,339) (3,202)
Cash and cash equivalents at beginning of the period 733,324 514,353
Cash and cash equivalents at end of the period 720,104 507,956
Income taxes paid 52 0
Interest paid $ 3 $ 0