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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities:    
Net loss $ (42,974) $ (42,203)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,311 715
Amortization of discount on marketable securities (744) (1,238)
Amortization and other changes in right-of-use assets 1,886 782
Loss (gain) on free shares 73 (545)
Stock-based compensation 5,620 4,523
Net loss on lease termination 0 218
Other 0 44
Net changes in operating assets and liabilities:    
Interest receivable (244) (219)
Accounts receivable 29,939 (2,638)
Prepaid expenses and other assets (100) 1,152
Prepaid rent 0 (12,101)
Accounts payable and accrued liabilities 345 10,183
Accrued compensation and employee benefits (4,965) (3,306)
Deferred revenues (8,319) (370)
Long-term portion of lease liabilities (887) (66)
Other non-current liabilities 169 (50)
Net cash used in operating activities (18,890) (45,119)
Investing Activities:    
Purchases of marketable securities (43,580) (87,075)
Maturities of marketable securities 71,075 78,253
Purchases of property and equipment (3,775) (5,977)
Net cash provided by (used in) investing activities 23,720 (14,799)
Financing Activities:    
Taxes paid related to net share settlement of equity awards (411) (265)
Proceeds from exercise of stock options and restricted stock units 820 481
Net cash provided by financing activities 409 216
Effects of changes in foreign exchange rates 82 252
Net increase (decrease) in cash, cash equivalents, and restricted cash 5,321 (59,450)
Cash, cash equivalents, and restricted cash, beginning of period 81,928 143,918
Cash, cash equivalents, and restricted cash, end of period 87,249 84,468
Supplemental disclosure of non-cash activities:    
Property and equipment included in unpaid liabilities 1,080 1,834
Right-of-use assets obtained in exchange for lease obligations $ 0 $ 6,676