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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating Activities    
Net income (loss) $ (5,924) $ (19,947)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities    
Depreciation and amortization expense 4,807 6,626
Amortization of deferred contract costs 7,510 7,145
Amortization (accretion) of premiums and discounts on investments (4,667) 0
Non-cash lease expense 2,828 0
Stock-based compensation expense 10,764 5,116
Non-cash interest expense 158 149
Change in fair value of convertible debt securities (335) (889)
Deferred taxes 12 290
Loss on disposal of subsidiaries 0 1,738
Other non-cash items 771 0
Changes in operating assets and liabilities    
Accounts receivable (2,261) (344)
Deferred contract costs (9,835) (8,358)
Prepaid expenses and other current assets (5,411) (1,395)
Accounts payable (5,570) 4,824
Accrued expenses 174 (2,772)
Other current liabilities 0 1,562
Deferred revenue 6,198 6,299
Other long-term liabilities 0 (38)
Change in operating lease liability (2,786) 0
Net cash (used in) provided by operating activities (3,567) 6
Investing Activities    
Purchases of property and equipment (1,065) (4,016)
Purchases of short-term investments (182,381) 0
Proceeds from sales and maturities of short-term investments 154,741 0
Purchases of convertible debt securities (319) (2,000)
Capitalization of internal-use software development costs (3,913) (1,273)
Cash paid for acquisition of businesses, net of cash acquired (1,232) (13,993)
Purchases of other investments (150) 0
Net cash used in investing activities (34,319) (21,282)
Financing Activities    
Proceeds from exercise of stock options 746 1,539
Proceeds from issuance of shares in connection with Employee Stock Purchase Plan 264 257
Payment of finance leases (1,938) (1,967)
Net cash used in financing activities (928) (171)
Effect of exchange rate changes on cash and cash equivalents 238 (1,664)
Decrease in cash, cash equivalents and restricted cash (38,576) (23,111)
Cash, cash equivalents and restricted cash, beginning of period 79,765 269,665
Cash, cash equivalents and restricted cash, end of period 41,189 246,554
Supplemental cash flow disclosures    
Cash paid for interest 154 66
Cash paid for income taxes 1,896 627
Property and equipment purchases not paid 3 0
Acquisition of fixed assets under finance leases 0 212
Unrealized loss on short-term investments $ 1,179 $ 0