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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net loss $ (101,722) $ (38,642)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 15,616 10,400
Amortization of deferred sales commissions 22,558 11,995
Stock-based compensation 53,043 23,704
Provision for doubtful accounts 467 324
Accretion of marketable securities (138) 0
Non-cash operating lease expense 4,643 0
Unrealized loss on strategic investments 2,896 0
Other 460 0
Changes in operating assets and liabilities:    
Accounts receivable 1,132 5,715
Prepaid expenses and other assets 1,375 (6,252)
Deferred contract costs (40,203) (25,455)
Accounts payable, accrued expenses and other liabilities (14,257) (13,455)
Content costs payable (1,525) (989)
Operating lease liabilities (5,012) 0
Deferred revenue 30,395 23,234
Net cash used in operating activities (30,272) (9,421)
Cash flows from investing activities:    
Purchases of marketable securities (66,128) 0
Purchases of property and equipment (1,397) (4,554)
Capitalized software costs (10,652) (9,767)
Purchases of strategic investments (5,000) 0
Payments related to business combination, net of cash acquired (1,500) (24,490)
Net cash used in investing activities (84,677) (38,811)
Cash flows from financing activities:    
Net proceeds from exercise of stock options 5,785 7,619
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) (1,992)
Net proceeds from exercise of Series A-1 redeemable convertible preferred stock warrants 0 2
Net cash provided by financing activities 9,762 3,379
Effect of foreign exchange rates on cash flows (38) 0
Net decrease in cash, cash equivalents and restricted cash (105,225) (44,853)
Cash, cash equivalents and restricted cash—Beginning of period 536,768 177,931
Cash, cash equivalents and restricted cash—End of period 431,543 133,078
Reconciliation of cash, cash equivalents, and restricted cash:    
Cash and cash equivalents 427,914 130,178
Restricted cash 3,629 2,900
Total cash, cash equivalents, and restricted cash 431,543 133,078
Supplemental disclosures of cash flow information:    
Interest paid 13 72
Income taxes paid 516 385
Supplemental disclosure of non-cash investing and financing activities:    
Unpaid deferred offering costs 0 3,090
Stock-based compensation in capitalized costs 4,310 1,451
Acquisition holdback liability 0 1,500
Changes in purchases of property and equipment in accounts payable and accrued expenses 108 119
Unrealized gains and losses on marketable securities $ 215 $ 0