XML 18 R7.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss attributable to New Relic $ (50,239) $ (78,414)
Net loss and adjustment attributable to redeemable non-controlling interest (Note 3) (6,012) 4,355
Net loss (56,251) (74,059)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 17,868 23,025
Stock-based compensation expense 34,882 42,187
Amortization of debt discount and issuance costs 593 587
Other (352) (922)
Changes in operating assets and liabilities, net of acquisition of business:    
Accounts receivable, net 116,545 80,550
Prepaid expenses and other assets (147) 18
Deferred contract acquisition costs (416) (190)
Lease right-of-use assets 2,562 2,692
Accounts payable 2,650 4,894
Accrued compensation and benefits and other liabilities (4,562) (8,627)
Lease liabilities (4,457) (2,517)
Deferred revenue (65,906) (57,766)
Net cash provided by operating activities 43,009 9,872
Cash flows from investing activities:    
Purchases of property and equipment (1,294) (2,226)
Proceeds from sale of property and equipment 943 0
Cash paid for acquisition, net of cash acquired 0 (7,192)
Purchases of short-term investments (50,373) (23,828)
Proceeds from sale and maturity of short-term investments 44,175 40,513
Capitalized software development costs (3,387) (2,860)
Net cash provided by (used in) investing activities (9,936) 4,407
Cash flows from financing activities:    
Proceeds from exercise of employee stock options 1,725 4,797
Net cash provided by financing activities 1,725 4,797
Net increase in cash, cash equivalents and restricted cash 34,798 19,076
Cash, cash equivalents and restricted cash at beginning of period 274,470 246,463
Cash, cash equivalents and restricted cash at end of period 309,268 265,539
Reconciliation of cash, cash equivalents and restricted cash to condensed consolidated balance sheets:    
Cash and cash equivalents 303,493 259,897
Restricted cash 5,775 5,642
Total cash, cash equivalents and restricted cash 309,268 265,539
Supplemental disclosure of cash flow information:    
Cash paid for interest and income taxes 1,822 1,890
Property and equipment purchased but not yet paid 9 3
Issuance of common stock for the acquisition of business 0 13,487
Acquisition holdback $ 0 $ 7,250