| Jan'20 | Jan'19 | Jan'18 | Jan'17 | Jan'16 | Jan'15 | Jan'14 |
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||
Net loss | ||||||
-144,348 | -134,612 | -154,960 | -151,787 | -202,948 | -168,227 | -168,557 |
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
59,424 | 46,320 | 40,112 | 40,154 | 40,394 | 29,019 | 17,867 |
Stock-based compensation expense | ||||||
145,988 | 119,296 | 97,485 | 78,372 | 59,504 | 31,929 | 11,749 |
Amortization of deferred commissions | ||||||
25,922 | 17,323 | 21,476 | 18,260 | 15,816 | 12,079 | 13,500 |
Loss on disposal of property and equipment | ||||||
-47 | -585 | - | - | - | - | - |
Gain on the sale of a strategic equity investment | ||||||
- | 2,000 | - | - | - | - | - |
Remeasurement of redeemable convertible preferred stock warrant liability | ||||||
- | - | - | - | - | -126 | 8,477 |
Release of deferred tax valuation allowance | ||||||
- | - | - | - | - | 1,117 | 2,590 |
Other | ||||||
194 | -4 | 101 | -114 | -1,089 | -278 | -212 |
Changes in operating assets and liabilities | ||||||
Accounts receivable, net | ||||||
34,304 | 12,415 | 42,020 | 20,571 | 45,368 | 11,487 | 25,157 |
Deferred commissions | ||||||
43,962 | 37,561 | 26,133 | 20,047 | 21,725 | 16,187 | 13,999 |
Operating lease right-of-use assets, net | ||||||
35,449 | - | - | - | - | - | - |
Prepaid expenses and other assets | ||||||
7,108 | 4,999 | 2,441 | -4,687 | 25,717 | 2,521 | 3,792 |
Accounts payable | ||||||
-100 | 1,655 | 6,900 | -1,093 | -4,022 | 3,231 | -3,177 |
Accrued expenses and other liabilities | ||||||
-5,851 | -2,172 | 16,134 | -9,035 | 17,943 | 6,952 | 24,055 |
Operating lease liabilities | ||||||
35,058 | - | - | - | - | - | - |
Deferred rent | ||||||
- | - | - | 2,986 | 32,357 | 1,292 | -330 |
Deferred revenue | ||||||
48,808 | 63,932 | 78,939 | 55,571 | 66,356 | 29,985 | 49,973 |
Net cash provided by operating activities | ||||||
44,713 | 55,321 | 35,391 | -2,389 | -66,321 | -84,900 | -91,769 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||
Sales of marketable securities | ||||||
- | - | - | 240 | 78,427 | - | - |
Purchases of marketable securities | ||||||
- | - | - | - | 112,521 | - | - |
Maturities of marketable securities | ||||||
- | - | - | 7,057 | 26,370 | - | - |
Purchases of property and equipment | ||||||
5,452 | 14,808 | 11,822 | 14,956 | 72,939 | 38,681 | 24,424 |
Capitalized internal-use software costs | ||||||
7,957 | 2,761 | - | - | - | - | - |
Proceeds from sales of property and equipment | ||||||
8 | 2 | 107 | 87 | 73 | - | - |
Proceeds from the sale of a strategic equity investment | ||||||
105 | 1,874 | - | - | - | - | - |
Acquisitions | ||||||
- | 458 | - | - | - | - | - |
Net cash used in investing activities | ||||||
-13,296 | -16,151 | -11,715 | -7,572 | -80,861 | -38,883 | -32,185 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||
Acquisitions and purchases of intangible assets, net of cash acquired | ||||||
- | - | - | - | 271 | 202 | 7,761 |
Proceeds from initial public offering, net of offering costs | ||||||
- | - | - | - | -2,172 | 184,237 | -588 |
Proceeds from borrowings, net of borrowing costs | ||||||
- | - | 39,930 | -106 | 39,860 | 12,000 | 32,744 |
Principal payments on borrowings | ||||||
- | - | 40,000 | - | -40,000 | -6,000 | -30,971 |
Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs | ||||||
- | - | - | - | - | -149,614 | -99,944 |
Proceeds from exercise of redeemable convertible preferred stock warrants | ||||||
- | - | - | - | - | - | 1,033 |
Proceeds from exercise of stock options | ||||||
5,965 | 16,326 | 14,538 | 11,086 | 7,015 | 6,016 | 3,003 |
Proceeds from issuances of common stock under employee stock purchase plan | ||||||
23,425 | 21,861 | 17,521 | 15,726 | 10,282 | - | - |
Employee payroll taxes paid related to net share settlement of restricted stock units | ||||||
43,328 | 43,824 | 34,776 | 17,552 | 10,436 | 359 | - |
Principal payments of finance lease liabilities | ||||||
38,542 | 23,930 | 16,052 | 8,675 | 2,036 | 69 | - |
Acquisition related contingent consideration | ||||||
936 | - | 991 | - | - | - | - |
Net cash used in financing activities | ||||||
-53,416 | -29,567 | -19,830 | 479 | 2,513 | 345,439 | 105,165 |
Effect of exchange rate changes on cash, cash equivalents, and restricted cash | ||||||
-171 | -273 | 408 | -39 | -26 | -71 | 15 |
Net (decrease) increase in cash, cash equivalents, and restricted cash | ||||||
-22,170 | 9,330 | 4,254 | -9,521 | -144,695 | 221,585 | -18,774 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||||||
Cash paid for interest, net of amounts capitalized | ||||||
5,549 | 2,585 | 1,936 | 1,235 | 1,183 | 1,099 | 3,461 |
Cash paid for income taxes, net of tax refunds | ||||||
2,835 | 1,600 | 1,259 | 239 | 832 | 157 | 86 |
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES: | ||||||
Accrued equipment purchases | ||||||
3,123 | 3,735 | 8,711 | -13,260 | 10,766 | 2,110 | 2,768 |
Increase in long-lived assets resulting from capitalizing asset retirement costs | ||||||
2,717 | 566 | - | - | - | - | - |
Stock-based compensation expense capitalized in internally developed software costs | ||||||
4,714 | 769 | - | - | - | - | - |
Accrued on-premises software | ||||||
10,594 | - | - | - | - | - | - |
Conversion of redeemable convertible preferred stock to common stock | ||||||
- | - | - | - | - | 557,816 | - |
Accretion of redeemable convertible preferred shares | ||||||
- | - | - | - | - | 11,503 | 341 |
Deemed dividend on the conversion of Series F redeemable convertible preferred stock | ||||||
- | - | - | - | - | 2,262 | - |
Increase in finance lease liabilities | ||||||
103,420 | 50,999 | 26,431 | 31,849 | 13,138 | 1,952 | - |
Issuance of redeemable convertible preferred stock exercise of warrants | ||||||
- | - | - | - | - | 1,220 | 10,000 |
Issuance of common stock in connection with acquisitions | ||||||
- | 1,053 | - | 1,011 | 6,108 | 5,239 | 5,066 |
Contingent consideration accruals in connection with acquisitions | ||||||
- | 936 | - | - | - | - | - |
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH INFORMATION: | ||||||
Vesting of early exercised stock options and restricted stock | ||||||
- | - | - | - | 127 | 684 | 1,135 |
Change in unpaid deferred offering costs | ||||||
- | - | - | - | -2,172 | 417 | 1,755 |