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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Activities:    
Net loss $ (222,719) $ (25,864)
Reconciliation of net loss to net cash used in operating activities:    
Depreciation and amortization 2,317 925
Non-cash stock-based compensation 53,060 3,965
Right-of-use assets expensed 951 0
Other 6,362 356
Changes in operating assets and liabilities:    
Receivables, prepaid expenses and other assets 220,205 4,521
Accounts payable and accrued expenses 53,325 (8,450)
Deferred revenue 549,584 1,437
Net cash provided by (used in) operating activities 663,085 (23,110)
Investing Activities:    
Capital expenditures (13,781) (122)
Purchases of marketable securities (2,167) (57,606)
Proceeds from maturities and sale of marketable securities 157,557 0
Net cash provided by (used in) investing activities 141,609 (57,728)
Financing Activities:    
Net proceeds from sales of common stock 564,859 185,918
Proceeds from the exercise of stock-based awards 26,750 5
Treasury stock related to tax withholding on stock-based awards (2,651) 0
Finance lease payments (11,971) 0
Net cash provided by financing activities 576,987 185,923
Effect of exchange rate on cash, cash equivalents and restricted cash (1,349) (73)
Net increase in cash, cash equivalents and restricted cash 1,380,332 105,012
Cash, cash equivalents and restricted cash at beginning of period 648,738 82,180
Cash, cash equivalents and restricted cash at end of period 2,029,070 187,192
Supplemental disclosure of non-cash activities:    
Capital expenditures included in accounts payable and accrued expenses 9,076 125
Right-of-use assets from new lease agreements 9,770 0
Supplemental disclosure of cash flow information:    
Cash interest payments 7,530 6,094
Cash paid for income taxes $ 3,017 $ 0