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Consolidated statements of cash flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
OPERATING ACTIVITIES:    
Net income $ 9,899 $ 23,604
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10,468 7,525
Provision for bad debt 134 269
Amortization of debt discount and issuance costs 459 12
Stock-based compensation expense 3,292 650
Deferred income taxes (703) 1,312
Other, net (17) (166)
Changes in assets and liabilities:    
Accounts receivable 10,406 11,743
Prepaid expenses and other current assets (4,952) (3,454)
Other long-term assets (2,300) (276)
Accounts payable (2,187) 335
Accrued compensation and benefits (2,455) 73
Other accrued expenses and current liabilities 1,887 (4,511)
Operating lease right-of-use assets and liabilities, net 197  
Deferred revenue 7,740 197
Net cash provided by operating activities 31,868 37,313
INVESTING ACTIVITIES:    
Capital expenditures (6,667) (3,130)
Payments for acquisition of developed technology (344) (2,738)
Payments for acquisition of businesses, net of cash acquired (709) (7,028)
Other investing activities, net 16 38
Net cash used in investing activities (7,704) (12,858)
FINANCING ACTIVITIES:    
Proceeds from issuance of convertible senior notes, net of underwriters' discount and commissions 223,101  
Payments on revolving commitment (127,941)  
Borrowings under revolving commitment 96,991  
Proceeds from the exercise of stock options 1,270 1,668
Payments for issuance costs of convertible senior notes (1,018)  
Payments for follow-on public offering and initial public offering costs   (468)
Proceeds from issuance of Class A common stock in follow-on public offering, net of underwriters' discounts and commissions   135,572
Other financing activities (259) (342)
Net cash provided by financing activities 192,144 136,430
Effect of exchange rate changes on cash, cash equivalents and restricted cash 187 (877)
Net increase in cash, cash equivalents and restricted cash 216,495 160,008
Cash, cash equivalents and restricted cash at beginning of year 35,685 39,578
Cash, cash equivalents and restricted cash at end of period 252,180 199,586
Supplemental disclosure of cash flow:    
Interest paid 362 41
Income taxes paid 4,054 3,660
Supplemental disclosure of non-cash investing and financing activities:    
Finance leases 566 1,010
Property and equipment in accounts payable 417 935
Convertible senior notes issuance costs in accounts payable $ 216  
Follow-on public offering costs in accounts payable   88
Promissory notes issued and deferred payment obligations for acquisitions   $ 278