| Jan'20 | Jan'19 | Jan'18 | Jan'17 | Jan'16 | ||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net loss | ||||||
-208,359 | -426,458 | -52,276 | -115,412 | -122,559 | ||
Adjustments to reconcile net loss to net cash used in operating activities | ||||||
Depreciation and amortization | ||||||
50,182 | 38,027 | 31,750 | 28,471 | 11,625 | ||
Amortization of deferred contract acquisition and fulfillment costs | ||||||
69,747 | 42,112 | 30,377 | 22,369 | 14,838 | ||
Amortization of debt discount and transaction costs | ||||||
26,389 | 9,507 | 0 | 0 | - | ||
Non-cash operating lease costs | ||||||
19,435 | 0 | 0 | - | - | ||
Amortization of intangible assets | ||||||
- | - | - | - | 5,995 | ||
Stock-based compensation expense | ||||||
206,400 | 411,000 | 29,700 | 35,400 | 32,664 | ||
Deferred income taxes | ||||||
1,287 | -5,001 | -996 | 12 | -1,166 | ||
Revaluation of warrants to fair value | ||||||
- | - | - | - | 802 | ||
Other | ||||||
1,741 | -800 | 1,877 | 1,767 | - | ||
Net (gain) loss on disposal of property and equipment | ||||||
- | - | - | - | 0 | ||
Foreign currency (gain) loss | ||||||
- | - | - | - | -3,500 | ||
Changes in operating assets and liabilities | ||||||
Accounts receivable | ||||||
63,293 | 42,571 | 28,077 | 17,454 | 34,696 | ||
Contract assets | ||||||
1,508 | -4,204 | 6,934 | 7,111 | 1,500 | ||
Prepaid expenses and other current assets | ||||||
3,142 | 3,283 | 1,507 | -1,630 | 11,792 | ||
Deferred contract acquisition and fulfillment costs | ||||||
115,723 | 80,869 | 52,978 | 34,761 | 31,652 | ||
Other assets | ||||||
-1,538 | -2,658 | 1,604 | -238 | 2,684 | ||
Accounts payable | ||||||
3,849 | -7,380 | 2,864 | 4,890 | 7,955 | ||
Accrued expenses and other liabilities | ||||||
9,353 | 6,449 | 9,548 | -2,596 | 440 | ||
Accrued compensation | ||||||
5,636 | 26,039 | 9,168 | 9,532 | 11,403 | ||
Contract liabilities | ||||||
130,266 | 100,874 | 87,774 | 60,440 | 40,104 | ||
Operating lease liabilities | ||||||
14,624 | 0 | 0 | - | - | ||
Deferred rent | ||||||
- | - | - | 14,979 | 7,136 | ||
Other liabilities | ||||||
- | - | - | -3,693 | 1,592 | ||
Net cash provided by operating activities | ||||||
115,696 | 76,086 | 54,979 | -4,790 | -67,995 | ||
Cash flows from investing activities: | ||||||
Purchases of marketable securities | ||||||
861,252 | 415,132 | 0 | - | - | ||
Maturities of marketable securities | ||||||
627,309 | 0 | 0 | - | - | ||
Purchases of strategic investments | ||||||
15,500 | 0 | 0 | 0 | 51,860 | ||
Cash paid for acquisition, net of acquired cash | ||||||
0 | 218,779 | 299 | 0 | - | ||
Proceeds from sale of short-term investments | ||||||
- | - | - | 1,785 | 0 | ||
Purchases of property and equipment | ||||||
72,046 | 30,413 | 18,929 | 43,330 | 28,305 | ||
Proceeds from sale of business held for sale | ||||||
0 | 0 | 467 | 665 | 0 | ||
Net cash used in investing activities | ||||||
-321,489 | -664,324 | -18,761 | -40,880 | -80,165 | ||
Cash flows from financing activities: | ||||||
Proceeds from issuance of convertible senior notes, net of initial purchasers' discounts and transaction costs | ||||||
0 | 560,756 | 0 | 0 | - | ||
Purchase of capped calls related to issuance of convertible senior notes | ||||||
0 | 67,563 | 0 | 0 | - | ||
Proceeds from issuance of Series F preferred stock, net of offering costs | ||||||
- | - | - | - | 302,823 | ||
Proceeds from issuance of common stock in initial public offering, net of underwriting commissions | ||||||
0 | 529,305 | 0 | 0 | - | ||
Payment of tax withholding obligation on RSU settlement | ||||||
166,504 | 215,332 | 0 | 0 | - | ||
Proceeds from exercise of stock options | ||||||
72,177 | 50,211 | 26,433 | 8,122 | 4,851 | ||
Proceeds from employee stock purchase plan | ||||||
23,872 | 0 | 0 | - | - | ||
Repurchase of shares from employees | ||||||
- | - | - | - | 0 | ||
Repurchase of common stock in tender offer | ||||||
- | - | - | - | 32,344 | ||
Proceeds from the exercise of preferred stock warrants | ||||||
- | - | - | - | 154 | ||
Proceeds from debt facilities, net of issuance costs | ||||||
- | - | - | - | 34,444 | ||
Principal payments on debt facilities | ||||||
- | - | - | - | 35,072 | ||
Payment of holdback from a prior acquisition | ||||||
- | - | - | - | 0 | ||
Payment of deferred offering costs | ||||||
0 | 4,011 | 315 | 0 | 0 | ||
Other financing | ||||||
0 | -250 | -390 | 85 | - | ||
Net cash provided by (used in) financing activities | ||||||
-70,455 | 853,116 | 25,728 | 8,037 | 274,856 | ||
Effect of foreign exchange on cash, cash equivalents and restricted cash | ||||||
-447 | -4,136 | 4,246 | -334 | -1,483 | ||
Net increase (decrease) in cash, cash equivalents and restricted cash | ||||||
-276,695 | 260,742 | 66,192 | -37,967 | 125,213 | ||
Supplemental disclosure: | ||||||
Cash paid for interest | ||||||
2,852 | 204 | 599 | 602 | 744 | ||
Cash paid for operating lease liabilities | ||||||
22,034 | 0 | 0 | - | - | ||
Cash paid for taxes | ||||||
1,970 | 3,213 | 617 | 229 | 263 | ||
Non-cash investing and financing activities: | ||||||
Property and equipment in accounts payable and accrued expenses and other current liabilities | ||||||
14,082 | 2,293 | 3,967 | 3,325 | 1,606 | ||
Net settlement repurchase of common stock in tender offer | ||||||
- | - | - | - | 1,848 | ||
Conversion of redeemable convertible preferred stock to common stock in connection with initial public offering | ||||||
0 | 547,854 | 0 | 0 | - | ||
Conversion of preferred stock warrant to common stock warrant in connection with initial public offering | ||||||
0 | 848 | 0 | 0 | - | ||
Preferred stock accretion | ||||||
0 | 353 | 1,461 | 1,456 | 1,410 | ||
Recognition of build-to-suit lease | ||||||
0 | 2,479 | 0 | 0 | - | ||
Operating lease right-of-use assets exchanged for lease obligations | ||||||
77,391 | 0 | 0 | - | - | ||
Derecognition of build-to-suit lease | ||||||
2,479 | 0 | 0 | - | - | ||
Vesting of early exercised stock options | ||||||
- | - | - | 1,384 | 2,418 | ||
Deferred offering costs accrued and unpaid | ||||||
0 | 0 | 1,381 | 0 | 0 | ||