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CONSOLIDATED AND CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities    
Net loss $ (61,948) $ (75,544)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 23,351 14,438
Equity based compensation 21,741 5,528
Gain on sale of a business (2,997) 0
Other non-cash adjustments 1,395 888
Changes in operating assets and liabilities:    
Accounts receivable (3,832) 2,376
Inventories (2,778) (6,155)
Prepaid expenses and other current assets (28,419) (12,721)
Accounts payable and accrued expenses 60,340 (1,108)
Deferred revenue and other liabilities 37,927 24,578
Other assets (25) (3,117)
Net cash provided by (used in) operating activities 44,755 (50,837)
Cash flows from investing activities    
Purchase of short-term and long-term investments (141,309) (110,000)
Sale and maturities of short-term investments 78,715 59,964
Purchase of property and equipment (36,695) (31,168)
Site and software development costs (13,107) (10,643)
Cash received from the sale of a business (net of cash sold) 2,860 0
Other investing activities, net 302 (3,015)
Net cash used in investing activities (109,234) (94,862)
Cash flows from financing activities    
Taxes paid related to net share settlement of equity awards (12,899) 0
Net proceeds from exercise of stock options 374 0
Net proceeds from issuance of Series B convertible redeemable preferred units 0 154,774
Repurchase of common units 0 (23,500)
Dividends paid to Series A convertible redeemable preferred holders 0 (15,000)
Repurchase of employee equity 0 (5,528)
Net cash (used in) provided by financing activities (12,525) 110,746
Effect of exchange rate changes on cash and cash equivalents (165) (29)
Net (decrease) in cash and cash equivalents (77,169) (34,982)
Cash and cash equivalents    
Beginning of period 355,859 65,289
End of period 278,690 30,307
Supplemental disclosure of non-cash investing activities    
Purchase of property and equipment included in accounts payable and accrued expenses and in other liabilities 2,636 2,079
Construction costs capitalized under finance lease obligations 8,687 0
Supplemental disclosure of non-cash financing activities    
Accretion of preferred unit dividends $ 0 $ 16,503