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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income (loss) $ 2,258 $ (25,915)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 11,348 11,050
Amortization of debt issuance costs 1,053 994
Stock-based compensation expense 24,893 29,373
Deferred income taxes 1,840 0
Other (203) 995
Changes in assets and liabilities:    
Accounts receivable 39,529 35,805
Deferred contract acquisition and fulfillment costs (679) (2,240)
Prepaid expenses and other assets (1,223) (5,567)
Accounts payable (4,190) (2,744)
Accrued expenses (24,890) (23,951)
Deferred revenue (21,186) (12,062)
Other liabilities 2,520 104
Net cash provided by operating activities 31,070 5,842
Cash flows from investing activities:    
Business acquisitions, net of cash acquired 0 (34,033)
Purchases of property and equipment (620) (2,285)
Capitalization of internal-use software (2,916) (4,776)
Purchases of investments (93,158) (4,883)
Sales and maturities of investments 55,000 35,800
Net cash used in investing activities (41,694) (10,177)
Cash flows from financing activities:    
Payments related to business acquisitions 0 (2,250)
Taxes paid related to net share settlement of equity awards (1,764) (1,267)
Proceeds from employee stock purchase plan 5,046 6,174
Proceeds from stock option exercises 1,080 181
Net cash provided by financing activities 4,362 2,838
Effect of exchange rate changes on cash ,cash equivalents and restricted cash (1,493) (33)
Net decrease in cash, cash equivalents and restricted cash (7,755) (1,530)
Cash, cash equivalents and restricted cash, beginning of period 214,130 207,804
Cash, cash equivalents and restricted cash, end of period 206,375 206,274
Supplemental cash flow information:    
Cash paid for interest on convertible senior notes 2,698 750
Cash paid for income taxes, net of refunds 2,352 166
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 198,716 205,757
Restricted cash included in other assets and prepaid expenses and other current assets 7,659 517
Total cash, cash equivalents and restricted cash $ 206,375 $ 206,274