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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities    
Net loss $ (32,989) $ (10,966)
Adjustments to reconcile net loss to net cash provided by operating activities    
Stock-based compensation 48,279 40,132
Depreciation and amortization 26,855 20,051
Accretion of discounts on marketable debt securities, net (2,425) (3,088)
Abandonment of long-lived assets 354 268
Noncash operating lease expense 1,555 2,734
Unrealized foreign currency (gain) loss, net (1,136) 1,079
Deferred income taxes 2,215 1
(Benefit from) provision for credit losses (909) 189
Decrease (increase) in fair value of strategic investments 224 (759)
Changes in operating assets and liabilities, net of effect of asset acquisition    
Accounts receivable 86,327 68,013
Deferred contract cost assets (6,569) (427)
Prepaid expenses and other assets (7,454) (684)
Accounts payable (11,070) 3,155
Accrued expenses and other liabilities (9,880) (34,154)
Deferred revenue (26,568) (14,108)
Operating lease liabilities (781) (2,291)
Net cash provided by operating activities 66,028 69,145
Investing activities    
Purchases of property and equipment (4,033) (2,089)
Capitalized software development costs (15,331) (9,514)
Purchases of strategic investments (550) (210)
Purchases of marketable securities (134,598) (101,434)
Maturities of marketable securities 135,787 107,301
Customer repayments of materials financing 0 1,281
Business combinations, net of cash acquired (41,253) 0
Asset acquisition, net of cash acquired (3,533) (5)
Net cash used in investing activities (63,511) (4,670)
Financing activities    
Proceeds from stock option exercises 2,314 7,125
Repurchases of common stock (100,029) 0
Payment of tax withholding for net share settlement (28,277) 0
Principal payments under finance lease agreements, net of proceeds from lease incentives (388) (449)
Net cash (used in) provided by financing activities (126,380) 6,676
Net (decrease) increase in cash, cash equivalents, and restricted cash (123,863) 71,151
Effect of exchange rate changes on cash (125) (1,285)
Cash, cash equivalents, and restricted cash, beginning of period 437,722 357,790
Cash, cash equivalents, and restricted cash, end of period 313,734 427,656
Supplemental disclosure of cash flow information    
Cash paid for income taxes, net of refunds received 558 171
Stock-based compensation capitalized for cloud-computing arrangement costs (14) 32
Cash received for lease incentives 200 197
Operating cash flows from finance leases 284 477
Operating cash flows from operating leases 1,183 2,879
Financing cash flows from finance leases 388 532
Noncash investing and financing activities:    
Purchases of property and equipment included in accounts payable and accrued expenses at period end 943 1,101
Capitalized software development costs included in accounts payable and accrued expenses at period end 3,890 1,977
Deferred asset acquisition payment included in other current and non-current liabilities and accrued expenses at period end 2,035 1,400
Excise taxes related to repurchases of common stock included in other current liabilities at period end 411 0
Stock-based compensation capitalized for software development 4,137 2,426
Operating right of use assets obtained or modified in exchange for lease liabilities 4,516 (4,508)
Financing lease right of use asset modified to operating lease $ (10,305) $ 0