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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 $ (55,029) $ (29,380)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 10,200 6,457
Amortization of deferred sales commissions 13,965 7,233
Stock-based compensation 28,074 16,484
Provision for doubtful accounts 517 170
Non-cash operating lease expense 3,101 0
Other 252 0
Changes in operating assets and liabilities:    
Accounts receivable 3,356 3,325
Prepaid expenses and other assets 1,243 (3,928)
Deferred contract costs (27,381) (15,724)
Accounts payable, accrued expenses and other liabilities (22,034) (10,448)
Content costs payable (2,652) (1,271)
Operating lease liabilities (3,146) 0
Deferred revenue 33,099 21,596
Net cash used in operating activities (16,435) (5,486)
Cash flows from investing activities:    
Purchases of property and equipment (699) (3,111)
Capitalized software costs (6,643) (6,680)
Purchases of strategic investments (5,000) 0
Net cash used in investing activities (12,342) (9,791)
Cash flows from financing activities:    
Net proceeds from exercise of stock options 3,831 6,004
Proceeds from share purchases under employee stock purchase plan 5,563 0
Payment of redeemable convertible preferred stock issuance costs 0 (2,250)
Payment of deferred offering costs (1,586) (313)
Net proceeds from exercise of Series A-1 redeemable convertible preferred stock warrants 0 3
Net cash provided by financing activities 7,808 3,444
Effect of foreign exchange rates on cash flows (4) 0
Net decrease in cash, cash equivalents and restricted cash (20,973) (11,833)
Cash, cash equivalents and restricted cash—Beginning of period 536,768 177,931
Cash, cash equivalents and restricted cash—End of period 515,795 166,098
Supplemental disclosures of cash flow information:    
Interest paid 10 57
Income taxes paid 388 333
Supplemental disclosure of non-cash investing and financing activities:    
Unpaid deferred offering costs 0 1,903
Stock-based compensation in capitalized costs 2,646 973
Changes in purchases of property and equipment in accounts payable and accrued expenses $ 29 $ 721