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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows Operating Activities:    
Net loss $ (117,259) $ (55,759)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 9,792 8,215
Amortization of deferred contract acquisition costs 9,085 5,374
Stock-based compensation 124,259 43,280
Premium amortization on marketable securities 1,206 874
Gain realized on sale of marketable securities and non-marketable equity investment (23,835) (132)
Change in fair value of equity securities (100) (44)
Deferred income taxes (11,721) 0
Other 133 184
Changes in operating assets and liabilities:    
Accounts receivable (10,039) (6,116)
Deferred contract acquisition costs (17,032) (9,935)
Prepaid expenses and other assets (14,823) (6,312)
Accounts payable (542) (2,529)
Accrued and other liabilities 18,517 17,267
Deferred revenue 38,975 24,682
Net cash provided by operating activities 6,616 19,049
Cash Flows from Investing Activities:    
Purchases of property and equipment (4,056) (3,628)
Proceeds from sale of property and equipment 565 0
Capitalized internal-use software (3,050) (3,828)
Sale of non-marketable equity investment 23,979 0
Purchases of marketable securities (154,828) (99,058)
Sales of marketable securities 36,831 15,658
Maturities and redemptions of marketable securities 112,554 59,462
Acquired intangible assets 0 (1,750)
Business combination, net of cash acquired 0 (5,075)
Net cash provided by (used in) investing activities 11,995 (38,219)
Cash Flows from Financing Activities:    
Proceeds from initial public offering, net of underwriting discounts 1,069,348 0
Proceeds from exercise of stock options 43 121
Payment of deferred offering costs (5,472) 0
Payment of acquisition-related liabilities (900) (1,200)
Net cash provided by (used in) financing activities 1,063,019 (1,079)
Net increase (decrease) in cash, cash equivalents and restricted cash 1,081,630 (20,249)
Cash, cash equivalents and restricted cash, beginning of period 98,331 79,135
Cash, cash equivalents and restricted cash, end of period 1,179,961 58,886
Reconciliation of cash, cash equivalents and restricted cash to consolidated balance sheets:    
Cash and cash equivalents 1,179,958 55,951
Restricted cash included in prepaid expenses and other current assets 0 1,916
Restricted cash included in other assets 3 1,019
Total cash, cash equivalents and restricted cash 1,179,961 58,886
Supplemental cash flow information:    
Cash paid for taxes 6,981 3,273
Non-cash investing and financing activities:    
Purchased property and equipment included in accrued expenses 16 187
Property and equipment acquired through tenant improvement allowance 0 322
Deferred offering costs 1,423 0
Deferred purchase consideration for acquisition 0 900
Accretion of redeemable convertible preferred stock $ 2,646,662 $ 371,522