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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities    
Net loss $ (17,277) $ (116,328)
Adjustments to reconcile net loss to net cash provided by operating activities    
Stock-based compensation 89,357 87,425
Depreciation and amortization 40,894 34,210
Accretion of discounts on marketable debt securities, net (6,749) (3,662)
Abandonment of long-lived assets 580 535
Noncash operating lease expense 4,993 5,232
Unrealized foreign currency loss, net 714 557
Deferred income taxes 2 5
Provision for credit losses 405 3,730
(Increase) decrease in fair value of strategic investments (641) 6
Changes in operating assets and liabilities, net of effect of asset acquisitions and business combinations    
Accounts receivable 48,994 23,577
Deferred contract cost assets (2,089) (3,630)
Prepaid expenses and other assets (190) 1,701
Accounts payable 13,279 1,149
Accrued expenses and other liabilities (30,447) (31,110)
Deferred revenue (10,877) 19,582
Operating lease liabilities (3,108) (5,381)
Net cash provided by operating activities 127,840 17,598
Investing activities    
Purchases of property and equipment (3,963) (4,694)
Capitalized software development costs (19,732) (17,351)
Purchases of strategic investments (1,072) (442)
Purchases of marketable securities (324,374) (229,282)
Maturities of marketable securities 226,099 222,726
Sales of marketable securities 0 5,452
Originations of materials financing 0 (17,007)
Customer repayments of materials financing 1,483 12,996
Acquisition of a business, net of cash acquired (25,945) 0
Asset acquisitions, net of cash acquired (3,792) 0
Net cash used in investing activities (151,296) (27,602)
Financing activities    
Proceeds from stock option exercises 9,915 10,939
Proceeds from employee stock purchase plan 13,187 13,006
Principal payments under finance lease agreements, net of proceeds from lease incentives (669) (930)
Net cash provided by financing activities 22,433 23,015
Net increase in cash and cash equivalents (1,023) 13,011
Effect of exchange rate changes on cash (528) (309)
Cash and cash equivalents, beginning of period 357,790 299,816
Cash and cash equivalents, end of period 356,239 312,518
Supplemental disclosure of cash flow information    
Cash paid for income taxes, net of refunds received 1,635 685
Stock-based compensation capitalized for cloud-computing arrangement costs 72 155
Cash received for lease incentives 294 386
Operating cash flows from finance leases 793 987
Operating cash flows from operating leases 4,374 6,389
Financing cash flows from finance leases 908 1,016
Noncash investing and financing activities:    
Purchases of property and equipment included in accounts payable and accrued expenses at period end 1,582 698
Capitalized software development costs included in accounts payable and accrued expenses at period end 3,287 749
Stock-based compensation capitalized for software development 5,882 4,128
Deferred business combination payment included in other current liabilities at period end 1,460 0
Deferred asset acquisition payment included in other current liabilities and accrued expenses at period end 1,481 0
Right of use assets obtained or modified in exchange for operating lease liabilities $ (3,780) $ 3,515