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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities    
Net loss $ (120,070) $ (51,439)
Adjustments to reconcile net loss to cash provided by operating activities:    
Depreciation and amortization expense 41,738 33,249
Amortization of deferred contract costs 12,091 9,034
Amortization of debt issuance costs 2,040 573
Non-cash lease expense 4,373 3,705
Provision for credit losses and returns 310 (7)
Loss on extinguishment of debt 0 449
Share‑based compensation 89,524 22,774
Deferred tax benefit (2,019) (2,568)
Adjustment to contingent consideration 388 4,837
Other 4,603 1,144
Changes in operating assets and liabilities:    
Trade accounts receivable (15,125) 3,184
Income tax receivable/payable 688 (107)
Prepaid expenses and other assets (3,351) (8,129)
Deferred contract costs (22,919) (18,052)
Accounts payable 7,766 5,020
Accrued liabilities 2,872 1,644
Deferred revenue 59,922 59,464
Other liabilities 0 52
Net cash provided by operating activities 62,831 64,827
Investing activities    
Acquisitions, net of cash acquired (4,023) (352,711)
Purchases of equipment and leasehold improvements (5,645) (7,261)
Purchase of investments (3,100) 0
Other (151) 35
Net cash used in investing activities (12,919) (359,937)
Financing activities    
Proceeds from convertible senior notes 0 373,750
Proceeds from bank borrowings 0 250,000
Payment of bank borrowings 0 (250,000)
Payment for purchase of capped calls 0 (36,030)
Debt issuance costs (50) (12,636)
Cash paid for offering costs (104) (543)
Cash paid for contingent consideration (4,588) (4,206)
Payment of acquisition-related holdback (200) 0
Proceeds from the exercise of stock options 4,682 8,570
Net cash (used in) provided by financing activities (260) 328,905
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (1,322) (865)
Net increase in cash, cash equivalents, and restricted cash 48,330 32,930
Cash, cash equivalents, and restricted cash, beginning of period 177,150 194,868
Cash, cash equivalents, and restricted cash, end of period 225,480 227,798
Cash paid for:    
Interest 683 944
Income taxes, net of refunds 1,630 1,047
Non-cash activities:    
Employee stock purchase plan 3,419 0
Deferred consideration accrued but not paid 0 50,000
Debt issuance costs accrued but not paid 0 489
Offering costs accrued but not paid 17 0
Operating lease assets obtained in exchange for operating lease liabilities 7,320 1,469
Purchases of equipment and leasehold improvements accrued but not paid 311 0
Reconciliation of cash, cash equivalents, and restricted cash within the condensed consolidated balance sheets to the amounts shown in the condensed consolidated statements of cash flows above:    
Cash and cash equivalents 225,480 227,148
Restricted cash included in other current assets 0 650
Total cash, cash equivalents, and restricted cash $ 225,480 $ 227,798