XML 19 R8.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
OPERATING ACTIVITIES:    
Net loss $ (75,121,000) $ (94,338,000)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Stock-based compensation expense 47,967,000 46,171,000
Depreciation 20,471,000 17,223,000
Non-cash restructuring costs 0 19,085,000
Amortization of purchased intangibles and finance leases 4,939,000 2,073,000
Amortization of debt issuance costs 1,858,000 908,000
Accretion of debt discount on convertible senior notes 24,770,000 7,227,000
Changes in fair value of contingent consideration 0 (263,000)
Allowance for credit losses 2,431,000 2,627,000
Gain on settlement of leases (3,483,000) 0
Deferred income taxes (1,129,000) 47,000
Changes in operating assets and liabilities:    
Accounts receivable (5,827,000) 19,231,000
Prepaid expenses and other current assets (10,269,000) (6,055,000)
Contract acquisition costs noncurrent (4,765,000) (8,156,000)
Other assets 741,000 (35,000)
Accounts payable (354,000) (4,572,000)
Accrued expenses and other current liabilities 22,176,000 36,904,000
Deferred revenue 14,925,000 (164,000)
Operating lease liabilities (4,018,000) (287,000)
Other liabilities 330,000 29,000
Net cash provided by operating activities 35,642,000 37,655,000
INVESTING ACTIVITIES:    
Purchases of property and equipment, including capitalized software (33,821,000) (32,904,000)
Payments for acquisition, net of cash acquired (23,014,000) 0
Repayment of debt acquired in acquisition (1,955,000) 0
Payments for intangible assets (1,931,000) (1,259,000)
Net cash used in investing activities (60,721,000) (34,163,000)
FINANCING ACTIVITIES:    
Principal payments for financing leases (2,604,000) 0
Proceeds from issuance of common stock in connection with the exercise of options and ESPP 13,127,000 17,147,000
Payments on conversion of convertible senior notes (2,000) 0
Net cash provided by financing activities 10,521,000 17,147,000
Effect of foreign exchange rate changes on cash and cash equivalents (5,072,000) 1,532,000
Net increase (decrease) in cash, cash equivalents, and restricted cash (19,630,000) 22,171,000
Cash, cash equivalents, and restricted cash - beginning of year 654,152,000 176,523,000
Cash, cash equivalents, and restricted cash - end of year 634,522,000 198,694,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]    
Cash and cash equivalents 633,042,000 198,694,000
Restricted cash in prepaid expenses and other current assets 1,480,000 0
Total cash, cash equivalents, and restricted cash 634,522,000 198,694,000
Supplemental disclosure of other cash flow information:    
Cash paid for income taxes 2,219,000 4,321,000
Cash paid for interest 1,981,000 1,843,000
Supplemental disclosure of non-cash investing and financing activities:    
Purchase of property and equipment recorded in accounts payable 581,000 $ 1,273,000
Issuance of 11,508 shares of common stock as earnout payment in connection with AdvantageTec Inc. (shares)   11,508
Issuance of 11,508 shares of common stock as earn-out payment in connection with AdvantageTec Inc. 0 $ 294,000
Issuance of shares of common stock to settle cash awards 33,503,000 24,656,000
Right of use assets obtained in exchange for operating lease liabilities $ 1,856,000 0
Issuance of 351,462 shares of common stock in connection with the ebot-7 transaction on July 14, 2021 (shares) 351,462  
Issuance of 351,462 shares of common stock $ 20,012,000 0
Fair value of contingent earn-out recorded in other long-term liabilities $ 6,026,000 $ 0