| Jan'20 | Jan'19 | Jan'18 | Jan'17 | Jan'16 | Jan'15 | Jan'14 | Jan'13 | Jan'12 | Jan'11 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net income (loss) | |||||||||
-44,792 | -30,447 | 18,852 | 57,810 | 76,508 | 50,571 | 25,654 | 18,188 | 9,821 | 13,929 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||||||||
Depreciation and amortization | |||||||||
11,631 | 7,221 | 4,770 | - | - | - | - | - | - | - |
Depreciation of property and equipment | |||||||||
- | - | - | 1,535 | 1,590 | 1,335 | 1,096 | 737 | 596 | 563 |
Amortization of intangible assets | |||||||||
- | - | - | 50 | 16 | - | - | 270 | 540 | 1,040 |
Amortization/accretion of marketable debt securities | |||||||||
969 | 670 | -172 | -246 | -525 | -675 | 0 | - | - | - |
Loss on disposal of long-lived assets | |||||||||
- | - | - | - | - | -21 | -13 | -4 | -23 | -4 |
Stock-based compensation | |||||||||
66,871 | 60,812 | 56,861 | 48,832 | 31,094 | 15,692 | 8,535 | 4,999 | 3,616 | 1,856 |
Deferred income taxes | |||||||||
187 | -6,945 | 2,092 | 764 | - | - | - | - | - | - |
Excess income tax benefits associated with stock-based compensation | |||||||||
- | - | - | - | - | 3,286 | 903 | -7 | 125 | 0 |
Other non-cash items, net | |||||||||
71 | -350 | -165 | -85 | -155 | -26 | 0 | 149 | - | - |
Change in value of warrants | |||||||||
- | - | - | - | - | - | - | - | 103 | 0 |
Changes in operating assets and liabilities: | |||||||||
Accounts receivable | |||||||||
-7,725 | -5,082 | -7,302 | -812 | -1,262 | 21,343 | -1,316 | 10,668 | 656 | -260 |
Inventories | |||||||||
4,719 | -5,131 | 3,238 | 1,978 | -3,627 | 11,241 | 1,534 | 2,132 | -624 | 5,731 |
Prepaid expenses and other current assets | |||||||||
-1,057 | 2,202 | -379 | 216 | 572 | 563 | 375 | 1,134 | 511 | 27 |
Deferred tax assets | |||||||||
- | - | - | - | -1,291 | 3,184 | 442 | 871 | 149 | 486 |
Other non-current assets | |||||||||
3,298 | 155 | 33 | 107 | 114 | - | - | - | - | - |
Other assets | |||||||||
- | - | - | - | - | -307 | -63 | 443 | 113 | 227 |
Accounts payable | |||||||||
2,109 | -7,014 | -140 | 5,780 | -6,880 | 12,715 | 1,270 | 45 | 112 | 1,575 |
Accrued liabilities | |||||||||
5,079 | -8,302 | 1,430 | 2,069 | 4,189 | 6,837 | -2,642 | 6,656 | 980 | -322 |
Income taxes payable | |||||||||
-302 | 57 | 368 | -219 | 244 | 3,490 | 807 | -244 | 244 | 155 |
Deferred revenue | |||||||||
172 | 265 | -7,026 | -2,652 | 4,939 | 274 | 1,380 | -4,751 | -2,419 | -536 |
Lease liabilities | |||||||||
-2,851 | 0 | 0 | - | - | - | - | - | - | - |
Deferred tax liabilities | |||||||||
- | - | - | - | 43 | 83 | 9 | - | - | - |
Other long-term liabilities | |||||||||
1,585 | 1,289 | 3,450 | 505 | 5,644 | -151 | 103 | - | - | - |
Acquisition, net of cash acquired | |||||||||
- | - | - | - | 29,905 | 0 | 0 | - | - | - |
Short-term investment | |||||||||
- | - | - | - | - | - | - | - | - | -5,000 |
Investment in a private company | |||||||||
- | - | - | - | - | 290 | 0 | - | 102 | -972 |
Net cash provided by operating activities | |||||||||
39,414 | 24,472 | 85,404 | 113,316 | 123,561 | 52,258 | 34,350 | 10,514 | 12,686 | 13,025 |
Cash flows from investing activities: | |||||||||
Purchase of investments | |||||||||
225,913 | 207,841 | 74,863 | 115,546 | - | - | - | - | - | - |
Purchase of investments | |||||||||
- | - | - | - | 52,786 | 59,807 | 0 | - | - | - |
Sales of investments | |||||||||
96,363 | 66,211 | 10,900 | 31,078 | 17,732 | 8,729 | 0 | - | - | - |
Maturities of investments | |||||||||
122,795 | 65,428 | 58,050 | 41,435 | 32,248 | 12,668 | 0 | - | - | - |
Net proceeds from disposal of fixed assets | |||||||||
- | - | - | - | - | - | 13 | - | - | - |
Purchase of property and equipment | |||||||||
1,821 | 2,940 | 3,687 | 2,701 | 2,085 | 1,361 | 1,701 | 1,528 | 682 | 896 |
Net cash used in investing activities | |||||||||
-8,576 | -79,142 | -9,600 | -45,734 | -34,796 | -40,061 | -1,688 | -1,014 | -1,484 | 2,059 |
Cash flows from financing activities: | |||||||||
Restricted Cash | |||||||||
- | - | - | - | - | - | - | -514 | 274 | 243 |
Proceeds from exercise of stock options and employee stock purchase plan | |||||||||
11,960 | 6,686 | 7,091 | 7,419 | 9,000 | 11,414 | 9,360 | 1,610 | 1,322 | 213 |
Net proceeds from issuance of preference shares | |||||||||
- | - | - | - | - | - | - | - | 11,627 | 0 |
Stock repurchase | |||||||||
0 | 99,904 | 54,788 | 20,183 | 0 | 0 | - | - | 7,228 | 0 |
Payment for intangible assets | |||||||||
5,444 | 4,735 | 4,306 | 0 | 0 | - | - | - | 630 | 830 |
Payment for initial public offering cost | |||||||||
- | - | - | - | - | - | 25 | 1,950 | - | - |
Proceeds from initial public offering, net of underwriting discounts and commissions | |||||||||
- | - | - | - | - | - | - | 32,390 | - | 0 |
Excess income tax benefits associated with stock-based compensation | |||||||||
- | - | - | - | - | 3,286 | 903 | - | 125 | 0 |
Net cash provided by (used in) financing activities | |||||||||
6,516 | -97,953 | -52,003 | -12,764 | 9,000 | 14,700 | 10,238 | 32,050 | 5,846 | 213 |
Net increase (decrease) in cash, cash equivalents and restricted cash | |||||||||
37,354 | -152,623 | 23,801 | 54,818 | 97,765 | 26,897 | 42,900 | 41,550 | 17,048 | 15,297 |
Supplemental disclosure of cash flow information: | |||||||||
Cash paid for income taxes | |||||||||
1,811 | 1,409 | 845 | 2,070 | 1,618 | 1,069 | 1,766 | 3,402 | 854 | 657 |
Supplemental disclosure of noncash investing activities: | |||||||||
Unpaid liabilities related to intangible and fixed assets purchases | |||||||||
12,284 | 933 | 9,008 | 481 | 43 | 75 | 24 | 122 | 59 | 125 |
Increase in accrued liabilities related to non-monetary financing activities | |||||||||
- | - | - | - | - | - | - | 25 | - | 0 |
Conversion of redeemable convertible preference shares to ordinary shares | |||||||||
- | - | - | - | - | - | - | 50,900 | - | 0 |
Conversion of redeemable convertible preference share warrants to ordinary share warrants | |||||||||
- | - | - | - | - | - | - | 110 | - | 0 |