| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Cash from operating activities | ||||||
Net income | ||||||
36,282 | 19,967 | 9,716 | -8,281 | -15,668 | -8,621 | -7,305 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
22,395 | 14,576 | 12,699 | 9,935 | 6,104 | 3,805 | 2,850 |
Amortization of operating lease right-of-use assets | ||||||
4,130 | 0 | 0 | - | - | - | - |
Deferred income taxes | ||||||
-31,455 | 0 | 0 | - | - | - | - |
Purchased investment premium, net of amortization | ||||||
- | - | - | -245 | 865 | 0 | 0 |
Amortization of Debt Issuance Costs | ||||||
- | - | - | 63 | 456 | 0 | 0 |
Loss on disposal of property, equipment, and intangibles | ||||||
- | - | - | -41 | -67 | -116 | -47 |
Stock-based compensation | ||||||
7,309 | 6,337 | 6,096 | 4,301 | 1,007 | 892 | 247 |
Other | ||||||
-32 | -224 | -121 | - | - | - | - |
Change in fair value of contingent consideration | ||||||
- | - | - | - | - | 26 | -1,337 |
Loss on equity-method investment | ||||||
- | - | - | - | - | -19 | 0 |
Lease abandonment | ||||||
- | - | - | -161 | 0 | 0 | 271 |
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
2,031 | 908 | 876 | 463 | 746 | 401 | 490 |
Prepaid expenses and other current assets | ||||||
4,031 | 6,073 | 1,009 | 377 | 1,893 | 549 | 423 |
Other assets | ||||||
-1,376 | 4,447 | 84 | 103 | 56 | 5 | -60 |
Accounts payable | ||||||
511 | 614 | -100 | -904 | -439 | 1,831 | -146 |
Accrued employee expenses | ||||||
4,542 | 1,219 | 3,243 | 2,223 | 1,887 | 1,088 | 1,168 |
Accrued expenses | ||||||
55 | 3,281 | 271 | 1,148 | 1,135 | 1,011 | 308 |
Deferred revenue | ||||||
1,193 | -4,589 | -558 | 2,685 | 1,173 | 837 | 766 |
Operating lease liabilities | ||||||
-2,662 | 0 | 0 | - | - | - | - |
Other liabilities | ||||||
1,241 | 6,067 | -148 | 826 | 994 | 426 | 156 |
Net cash provided by operating activities | ||||||
38,887 | 36,268 | 29,371 | 11,500 | -6,844 | 475 | -4,370 |
Cash from investing activities | ||||||
Purchases of available-for-sale investments | ||||||
25,198 | 29,516 | 26,648 | 31,551 | 74,176 | 0 | 0 |
Proceeds from sales of available-for-sale investments | ||||||
2,750 | 20,900 | 15 | 12,559 | 4,100 | 0 | 0 |
Proceeds from maturities of available-for-sale investments | ||||||
15,660 | 32,819 | 16,474 | 21,337 | 26,136 | 0 | 3,423 |
Purchases of property, equipment and intangible assets | ||||||
8,084 | 2,102 | 2,214 | 4,242 | 3,694 | 1,878 | 1,260 |
Additions to capitalized software | ||||||
20,998 | 12,304 | 10,455 | 11,166 | 7,677 | 4,567 | 2,370 |
Acquisition, net of cash acquired | ||||||
54,004 | 14,441 | 0 | 0 | 4,039 | 0 | 0 |
Purchases of intangible assets | ||||||
- | - | - | 2 | 17 | 31 | 58 |
Net cash provided by (used in) investing activities | ||||||
-89,874 | -4,644 | -22,828 | -13,065 | -59,367 | -6,476 | -265 |
Cash from financing activities | ||||||
Proceeds from stock option exercises | ||||||
553 | 1,035 | 663 | 352 | 357 | 168 | 83 |
Proceeds from issuance of restricted stock | ||||||
- | - | - | - | 141 | 0 | 0 |
Proceeds from issuance of options | ||||||
- | - | - | - | 208 | 0 | 0 |
Tax withholding for net share settlement | ||||||
6,155 | 3,127 | 1,796 | 111 | 0 | 0 | - |
Payment of contingent consideration | ||||||
- | - | - | - | 2,429 | 0 | 0 |
Proceeds from issuance of convertible preferred stock, net of issuance costs | ||||||
- | - | - | - | - | - | 11,878 |
Proceeds from initial public offering, net of underwriting discounts and commissions | ||||||
- | - | - | - | 79,570 | 0 | 0 |
Payments of initial public offering costs | ||||||
- | - | - | - | 4,213 | 0 | 0 |
Proceeds from issuance of debt | ||||||
2,169 | 50,138 | 118 | 117 | 10,253 | 0 | 0 |
Principal payments on debt | ||||||
3,419 | 138 | 118 | 128 | 10,241 | 0 | 0 |
Payment of debt issuance costs | ||||||
420 | 0 | 0 | - | 757 | 0 | 0 |
Principal payments under capital lease obligations | ||||||
- | - | - | 29 | 27 | 24 | 0 |
Purchase of treasury stock | ||||||
0 | 21,562 | 0 | 0 | - | - | - |
Net cash provided by (used in) financing activities | ||||||
-7,272 | 26,346 | -1,133 | 201 | 72,862 | 144 | 11,961 |
Net increase (decrease) in cash, cash equivalents and restricted cash | ||||||
-58,259 | 57,970 | 5,410 | -1,364 | 6,651 | -5,857 | 7,326 |
Supplemental disclosure of cash flow information | ||||||
Cash paid for interest | ||||||
2,169 | 118 | 182 | 191 | 797 | 0 | 0 |
Cash paid for income taxes | ||||||
545 | 82 | 30 | 27 | 91 | 0 | 0 |
Noncash investing and financing activities | ||||||
Purchases of property and equipment included in accounts payable and accrued expenses | ||||||
3,447 | 518 | 21 | 261 | 1,220 | 46 | 6 |
Additions of capitalized software included in accrued and accrued employee expenses | ||||||
1,187 | 825 | 374 | 458 | 290 | 0 | 0 |
Stock-based compensation capitalized for software development | ||||||
1,844 | 1,087 | 759 | 431 | 166 | 53 | 0 |
Purchase consideration for acquisitions included in other current liabilities | ||||||
5,977 | 0 | 0 | - | - | - | - |
Conversion of convertible preferred stock into common stock in connection with initial public offering | ||||||
- | - | - | - | 63,166 | 0 | 0 |
Debt issuance and other financing costs accrued, not paid | ||||||
0 | 371 | 0 | 0 | - | - | - |
Assets acquired under capital lease | ||||||
- | - | - | - | - | - | 82 |
Notes and equity method investment received in exchange for property and intangible assets | ||||||
- | - | - | - | - | - | 360 |