XML 18 R7.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities    
Net loss $ (92,676) $ (120,070)
Adjustments to reconcile net loss to cash provided by operating activities:    
Depreciation and amortization expense 37,603 41,738
Amortization of deferred contract costs 15,565 12,091
Amortization of debt issuance costs 2,055 2,040
Non-cash lease expense 4,443 4,373
Provision for credit losses and returns 226 310
Share‑based compensation 78,082 89,524
Deferred tax benefit (1,973) (2,019)
Adjustment to contingent consideration 0 388
Other 584 4,603
Changes in operating assets and liabilities:    
Trade accounts receivable (6,512) (15,125)
Income tax receivable/payable 267 688
Prepaid expenses and other assets (6,838) (3,351)
Deferred contract costs (28,839) (22,919)
Accounts payable 4,916 7,766
Accrued liabilities (7,370) 2,872
Deferred revenue 20,512 59,922
Net cash provided by operating activities 20,045 62,831
Investing activities    
Acquisitions, net of cash acquired (18,797) (4,023)
Purchases of equipment and leasehold improvements (2,522) (5,645)
Purchase of investments (750) (3,100)
Other (14) (151)
Net cash used in investing activities (22,083) (12,919)
Financing activities    
Debt issuance costs 0 (50)
Cash paid for offering costs 0 (104)
Cash paid for contingent consideration (206) (4,588)
Payment of acquisition-related holdback (277) (200)
Proceeds from the exercise of stock options 5,640 4,682
Net cash provided by (used in) financing activities 5,157 (260)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (190) (1,322)
Net increase in cash, cash equivalents, and restricted cash 2,929 48,330
Cash, cash equivalents, and restricted cash, beginning of period 231,921 177,150
Cash, cash equivalents, and restricted cash, end of period 234,850 225,480
Cash paid for:    
Interest 704 683
Income taxes, net of refunds 2,807 1,630
Non-cash activities:    
Employee stock purchase plan 3,131 3,419
Offering costs accrued but not paid 0 17
Operating lease assets obtained in exchange for operating lease liabilities 768 7,320
Purchases of equipment and leasehold improvements accrued but not paid 159 311
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 227,619 225,480
Restricted cash included in other current assets 3,631 0
Restricted cash included in other assets 3,600 0
Total cash, cash equivalents, and restricted cash $ 234,850 $ 225,480