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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities    
Net loss $ (258,964) $ (292,325)
Adjustments to reconcile net loss to net cash provided by operating activities    
Depreciation and amortization 26,368 23,355
Gain on disposal of property and equipment (25) (17)
Change in fair value of distribution liability for tax sharing agreement 5,432 (1,500)
Reduction of right-of-use assets from operating leases 6,626 7,501
Stock-based compensation expense, including cash settled 231,970 268,261
Amortization of deferred contract acquisition costs 22,439 15,812
Deferred income taxes (971) (227)
Changes in assets and liabilities:    
Accounts receivable, net 152,267 95,414
Prepaid expenses and other current assets (9,752) (7,259)
Deferred contract acquisitions costs (34,716) (26,809)
Other assets (1,149) (1,033)
Lease liabilities (4,598) (3,723)
Accounts payable 5,540 (13,472)
Accrued liabilities (25,318) (40,146)
Deferred revenue (12,543) 1,969
Other liabilities 2,667 (16)
Settlement of stock-based payments liabilities (994) (2,682)
Net cash flows provided by operating activities 104,279 23,103
Cash flows from investing activities    
Purchases of property and equipment (21,811) (13,173)
Cash paid for intangible assets (2,050) 0
Net cash flows used in investing activities (23,861) (13,173)
Cash flows from financing activities    
Payments of tax sharing liabilities to SAP [1] (12,119) 0
Payments for taxes related to net share settlement of equity awards (2,849) (208,920)
Issuance of common stock of Employee Stock Purchase Plan 19,965 20,380
Proceeds from exercise of stock options 866 614
Net cash flows provided by (used in) financing activities 5,863 (187,926)
Effect of changes in exchange rates on cash and cash equivalents 545 (67)
Net increase (decrease) in cash and cash equivalents 86,826 (178,063)
Cash and cash equivalents as of 1 January 719,892 1,014,511
Cash and cash equivalents as of 31 March 806,718 836,448
Supplemental cash flow disclosures    
Cash paid for income taxes 6,460 673
Cash paid for operating leases, net of incentives received 4,573 5,662
Non-cash investing and financing activities    
Capital expenditures incurred but not yet paid 251 759
Stock-based compensation capitalized as internal-use software 4,416 2,193
Right-of-use assets obtained in exchange for lease obligations $ 1,928 $ 15,761
[1] Includes amounts from related parties. See Note 3 and 12 for further details.