| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
OPERATING ACTIVITIES: | ||||||
Net income | ||||||
-7,542 | 15,535 | -101,941 | 10,163 | 10,931 | ||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
21,522 | 14,734 | 11,747 | 9,980 | 8,378 | ||
Provision for bad debt | ||||||
671 | 394 | 610 | 291 | 145 | ||
Amortization of debt discount and issuance costs | ||||||
5,663 | 23 | 148 | - | - | ||
Write-down of inventory to net realizable value | ||||||
- | - | - | - | 1,003 | ||
Stock-based compensation expense | ||||||
8,528 | 3,339 | 47,281 | 5,132 | 597 | ||
Loss (gain) on sale of assets held for sale and other | ||||||
-6 | 4,503 | 244 | -35 | - | ||
Impairment of intangible assets | ||||||
0 | 600 | - | 0 | - | ||
Deferred income taxes | ||||||
-950 | -1,057 | 55,105 | -6,076 | -9,131 | ||
Other, net | ||||||
- | 206 | -394 | -230 | -124 | ||
Changes in assets and liabilities: | ||||||
Accounts receivable | ||||||
7,901 | 1,394 | 10,397 | 4,397 | 8,120 | ||
Prepaid expenses and other current assets | ||||||
2,396 | -204 | -1,559 | 2,337 | 5,115 | ||
Other long-term assets | ||||||
2,591 | 1,660 | 11,288 | 930 | 1,526 | ||
Accounts payable | ||||||
-426 | 1,647 | -1,087 | -1,321 | 558 | ||
Accrued compensation and benefits | ||||||
-1,232 | 5,678 | 2,060 | 2,366 | 2,006 | ||
Other accrued expenses and current liabilities | ||||||
513 | -6,667 | 6,207 | -1,173 | 2,488 | ||
Operating lease right-of-use assets and liabilities, net | ||||||
102 | - | - | - | - | ||
Deferred revenue | ||||||
17,426 | 9,555 | 15,937 | 9,422 | 8,500 | ||
Net cash provided by operating activities | ||||||
31,393 | 36,230 | 16,091 | 21,385 | 10,838 | ||
INVESTING ACTIVITIES: | ||||||
Payments for acquisition of businesses, net of cash acquired | ||||||
25,720 | 203,438 | 15,582 | 6,499 | 2,757 | ||
Capital expenditures | ||||||
9,660 | 6,659 | 7,522 | 9,444 | 5,233 | ||
Proceeds from sale of assets held for sale and other | ||||||
- | 6,614 | 446 | 34 | - | ||
Payments for acquisition of developed technology | ||||||
473 | 2,727 | 2,120 | 154 | - | ||
Other investing activities, net | ||||||
-14 | - | 73 | -30 | 40 | ||
Net cash used in investing activities | ||||||
-35,839 | -206,210 | -24,851 | -16,033 | -8,030 | ||
FINANCING ACTIVITIES: | ||||||
Payments on revolving commitment | ||||||
127,941 | 6,091 | 154,187 | 136,087 | 91,673 | ||
Proceeds from issuance of convertible senior notes, net of underwriters' discounts and commissions | ||||||
223,101 | - | - | - | - | ||
Proceeds from issuance of Class A common stock in follow-on public offering, net of underwriters' discounts and commissions | ||||||
- | 135,572 | 119,268 | - | - | ||
Borrowings under revolving commitment | ||||||
96,992 | 37,041 | 126,832 | 151,928 | 103,186 | ||
Proceeds from issuance of common stock | ||||||
1,510 | 2,077 | 1,792 | 456 | 291 | ||
Payments for issuance costs of convertible senior notes | ||||||
1,233 | - | - | - | - | ||
Payments for follow-on public offering and IPO offering costs | ||||||
- | 556 | 4,644 | - | - | ||
Principal payments on long-term debt | ||||||
- | 126 | 59,869 | 16,232 | 15,950 | ||
Payments for redemption of common stock | ||||||
- | 119 | 1,045 | 3,049 | 1,744 | ||
Proceeds from issuance of debt | ||||||
- | - | 1,541 | 2,030 | 1,248 | ||
Payment for return of capital | ||||||
- | - | - | 725 | - | ||
Other financing activities | ||||||
-513 | -268 | -130 | -185 | -55 | ||
Net cash provided by (used in) financing activities | ||||||
191,916 | 167,530 | 29,558 | -1,864 | -4,697 | ||
Effect of exchange rate changes on cash, cash equivalents and restricted cash | ||||||
342 | -1,443 | 1,641 | -362 | -1,639 | ||
Net increase in cash, cash equivalents and restricted cash | ||||||
187,812 | -3,893 | 22,439 | 3,126 | -3,528 | ||
Supplemental disclosure of cash flow: | ||||||
Interest paid | ||||||
664 | 223 | 2,092 | 2,190 | 2,261 | ||
Income taxes paid | ||||||
7,686 | 6,735 | 5,893 | 5,909 | 5,626 | ||
Supplemental disclosure of non-cash investing and financing activities: | ||||||
Issuance of common stock in connection with acquisitions | ||||||
7,637 | 8,681 | 8,712 | - | 745 | ||
Promissory notes issued and deferred payment obligations for acquisitions | ||||||
497 | 1,729 | 12,352 | 4,182 | 750 | ||
Finance leases | ||||||
632 | 895 | 124 | 129 | 270 | ||
Property and equipment in accounts payable, other current liabilities and other liabilities | ||||||
259 | 330 | 582 | 1,777 | 178 | ||
Issuance of common stock with put rights | ||||||
- | - | 2,352 | - | - | ||
Initial public offering costs in accounts payable | ||||||
- | - | 186 | - | - | ||
Notes issued for stock redemptions | ||||||
- | - | - | 807 | 753 | ||
Obligations for return of capital in other current liabilities | ||||||
- | - | - | - | 725 | ||