| Jan'20 | Oct'19 | Jul'19 | Apr'19 | Jan'19 | Oct'18 | Jul'18 | Apr'18 | Jan'18 | Oct'17 | Jul'17 | Apr'17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||
Net loss | |||||||||||
-47,407 | -46,598 | -68,632 | -45,722 | -66,244 | -52,813 | -36,714 | -270,687 | -6,352 | -14,505 | -12,037 | -19,382 |
Adjustments to reconcile net loss to net cash used in operating activities | |||||||||||
Depreciation and amortization | |||||||||||
13,266 | 12,655 | 12,290 | 11,971 | 12,003 | 10,343 | 7,081 | 8,600 | 8,047 | 8,318 | 7,699 | 7,686 |
Amortization of deferred contract acquisition and fulfillment costs | |||||||||||
20,387 | 18,211 | 16,889 | 14,260 | 12,223 | 10,743 | 9,900 | 9,246 | 8,355 | 7,731 | 7,278 | 7,013 |
Amortization of debt discount and transaction costs | |||||||||||
6,742 | 6,645 | 6,548 | 6,454 | 6,360 | 3,147 | 0 | 0 | - | - | - | - |
Amortization of operating lease right-of-use assets | |||||||||||
- | - | - | 4,128 | - | - | - | - | - | - | - | - |
Stock-based compensation expense | |||||||||||
55,601 | 52,736 | 55,792 | 42,271 | 49,293 | 51,748 | 40,165 | 269,794 | 6,187 | 6,595 | 8,512 | 8,406 |
Deferred income taxes | |||||||||||
1,245 | 14 | -24 | 52 | 2,346 | -7,335 | -6 | -6 | -1,054 | 58 | 13 | -13 |
Other | |||||||||||
-401 | -229 | 1,260 | 1,111 | -2,879 | 1,204 | 3,100 | -2,225 | 1,856 | -1,805 | 1,023 | 803 |
Changes in operating assets and liabilities | |||||||||||
Accounts receivable | |||||||||||
78,377 | 20,812 | 21,518 | -57,414 | 43,937 | 14,019 | 4,237 | -19,622 | 41,039 | 146 | -1,531 | -11,577 |
Contract assets | |||||||||||
-5,715 | 2,318 | 2,204 | 2,701 | -1,430 | -1,625 | 1,397 | -2,546 | 4,621 | 1,338 | 937 | 38 |
Prepaid expenses and other current assets | |||||||||||
1,106 | -1,121 | -3,950 | 7,107 | 900 | -1,023 | -3,113 | 6,519 | -2,621 | 3,472 | -4,914 | 5,570 |
Deferred contract acquisition and fulfillment costs | |||||||||||
37,923 | 29,361 | 27,952 | 20,487 | 28,324 | 22,206 | 18,013 | 12,326 | 20,756 | 12,023 | 10,827 | 9,372 |
Other assets | |||||||||||
-612 | 33 | -418 | -541 | -656 | -667 | -895 | -440 | 1,271 | 165 | 1,052 | -884 |
Accounts payable | |||||||||||
1,543 | 718 | 1,306 | 282 | -1,390 | -956 | 2,184 | -7,218 | 8,409 | 726 | -4,146 | -2,125 |
Accrued expenses and other liabilities | |||||||||||
2,117 | -5,203 | 5,997 | 6,442 | 2,839 | 1,304 | -996 | 3,302 | 8,330 | 1,735 | 529 | -1,046 |
Accrued compensation | |||||||||||
12,329 | -9,120 | 22,296 | -19,869 | 23,868 | 1,811 | 17,307 | -16,947 | 10,921 | 3,227 | 4,148 | -9,128 |
Contract liabilities | |||||||||||
85,957 | 22,563 | 17,472 | 4,274 | 65,018 | 16,353 | 6,892 | 12,611 | 57,329 | 11,309 | 6,109 | 13,027 |
Operating lease liabilities | |||||||||||
25,510 | -3,688 | -3,493 | -3,705 | - | - | - | - | - | - | - | - |
Deferred rent | |||||||||||
- | - | - | - | - | - | - | - | - | -110 | 2,138 | -2,202 |
Other liabilities | |||||||||||
- | -4,608 | 3,795 | -1,732 | - | 4,030 | -378 | 309 | - | 1,873 | -751 | 389 |
Net cash provided by operating activities | |||||||||||
45,505 | -1,869 | 26,405 | 45,655 | 34,137 | 4,261 | 22,696 | 14,992 | 31,960 | 11,618 | 12,098 | -697 |
Cash flows from investing activities: | |||||||||||
Purchases of marketable securities | |||||||||||
107,318 | 223,048 | 155,675 | 375,211 | 415,132 | 0 | 0 | 0 | - | - | - | - |
Maturities of marketable securities | |||||||||||
166,599 | 216,261 | 151,992 | 92,457 | 0 | 0 | 0 | 0 | - | - | - | - |
Purchases of strategic investments | |||||||||||
- | 0 | 0 | 15,500 | - | 0 | 0 | 0 | - | - | - | - |
Purchases of property and equipment | |||||||||||
29,975 | 12,280 | 14,554 | 15,237 | 11,317 | 8,576 | 4,336 | 6,184 | 3,237 | 4,603 | 4,319 | 6,770 |
Net cash used in investing activities | |||||||||||
29,306 | -19,067 | -18,237 | -313,491 | -426,449 | -227,355 | -4,336 | -6,184 | -3,536 | -4,603 | -3,852 | -6,770 |
Cash flows from financing activities: | |||||||||||
Payment of tax withholding obligation on RSU settlement | |||||||||||
41,216 | 39,310 | 29,841 | 56,137 | 215,332 | 0 | 0 | 0 | - | - | - | - |
Proceeds from exercise of stock options | |||||||||||
9,914 | 19,815 | 10,194 | 32,254 | 34,846 | 5,047 | 2,503 | 7,815 | 4,487 | 8,437 | 7,679 | 5,830 |
Proceeds from employee stock purchase plan | |||||||||||
0 | 13,309 | 0 | 10,563 | 0 | 0 | 0 | 0 | - | - | - | - |
Payment of deferred offering costs | |||||||||||
0 | 0 | 0 | 0 | 319 | 170 | 1,328 | 2,194 | 315 | 0 | 0 | 0 |
Net cash provided by (used in) financing activities | |||||||||||
-31,302 | -6,186 | -19,647 | -13,320 | -181,055 | 498,070 | 530,480 | 5,621 | 4,172 | 8,047 | 7,679 | 5,830 |
Effect of foreign exchange on cash, cash equivalents and restricted cash | |||||||||||
-137 | 810 | -741 | -379 | -2,955 | 362 | 526 | -2,069 | 2,674 | -571 | 1,659 | 484 |
Net increase (decrease) in cash, cash equivalents and restricted cash | |||||||||||
43,372 | -26,312 | -12,220 | -281,535 | -576,322 | 275,338 | 549,366 | 12,360 | 35,270 | 14,491 | 17,584 | -1,153 |
Supplemental disclosure: | |||||||||||
Cash paid for interest | |||||||||||
0 | 1,438 | 0 | 1,414 | 0 | 0 | 60 | 144 | 145 | 144 | 168 | 142 |
Cash paid for operating lease liabilities | |||||||||||
5,721 | 5,329 | 6,255 | 4,729 | - | - | - | - | - | - | - | - |
Cash paid for taxes | |||||||||||
225 | 636 | 978 | 131 | 495 | 717 | 485 | 1,516 | 281 | 137 | 28 | 171 |
Non-cash investing and financing activities: | |||||||||||
Property and equipment in accounts payable and accrued expenses and other current liabilities | |||||||||||
920 | 9,116 | 255 | 3,791 | -2,596 | 2,789 | -1,138 | 3,238 | 3,816 | -1,652 | -77 | 1,880 |
Preferred stock accretion | |||||||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 | 353 | 364 | 376 | 366 | 355 |
Recognition of build-to-suit lease | |||||||||||
0 | 0 | 0 | 0 | 0 | 2,310 | -1,004 | 1,173 | - | - | - | - |
Operating lease right-of-use assets exchanged for lease obligations | |||||||||||
18,697 | 4,940 | 101 | 53,653 | - | - | - | - | - | - | - | - |
Deferred offering costs accrued and unpaid | |||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | 0 |