| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Sep'17 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | |||||||||
Net loss | |||||||||
-205,283 | -68,760 | -67,944 | -73,284 | -83,054 | -64,078 | -62,953 | 0 | 0 | 0 |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||||||||
Depreciation and amortization | |||||||||
24,525 | 24,324 | 27,327 | 29,920 | 32,418 | 34,608 | 30,702 | 0 | 0 | 0 |
Amortization of creator signing fees | |||||||||
11,595 | 10,858 | 9,775 | 8,924 | 8,115 | 7,086 | 6,147 | 0 | 0 | 0 |
Noncash operating lease expense | |||||||||
0 | - | - | - | 0 | - | - | - | - | - |
Accretion of term loan | |||||||||
222 | 326 | 428 | 529 | 1,292 | 1,718 | 2,087 | 0 | 0 | 0 |
Loss on debt extinguishment | |||||||||
- | - | -1,764 | -17,195 | - | -200 | -178 | 0 | 0 | 0 |
Change in fair value of redeemable convertible preferred stock warrant liability | |||||||||
- | - | 50 | 3,550 | - | 9,600 | 10,954 | 0 | 0 | 0 |
Change in fair value of term loan embedded derivatives | |||||||||
- | - | 0 | - | - | - | 0 | - | - | 0 |
Stock-based compensation | |||||||||
40,289 | 37,594 | 33,843 | 38,956 | 35,498 | 30,231 | 25,103 | 0 | 0 | 0 |
Provision for chargebacks and refunds | |||||||||
0 | - | - | - | 0 | - | - | - | - | - |
Impairment charges | |||||||||
- | - | 0 | - | - | - | 0 | - | - | - |
Impairment charges | |||||||||
0 | - | - | 4,260 | 0 | - | - | 0 | 0 | 0 |
Provision for bad debt and creator advances | |||||||||
8,402 | 2,433 | 4,917 | 3,589 | 2,703 | 2,742 | 2,045 | 0 | 0 | 0 |
Loss on disposal of equipment | |||||||||
-51 | -73 | -159 | -156 | -120 | -99 | -1 | 0 | 0 | 0 |
Deferred income taxes | |||||||||
-326 | -380 | -1,122 | -1,259 | -347 | 103 | 305 | 0 | 0 | 0 |
Excess tax benefit from stock-based compensation awards | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Changes in operating assets and liabilities: | |||||||||
Accounts receivable | |||||||||
-1,149 | 288 | 1,120 | 2,207 | 2,575 | 2,092 | 2,345 | 0 | 0 | 0 |
Funds receivable | |||||||||
-54,395 | -3,801 | -7,919 | 9,473 | 8,394 | 6,810 | 14,225 | 0 | 0 | 0 |
Creator signing fees, net | |||||||||
20,489 | 21,216 | 21,547 | 18,947 | 16,943 | 15,973 | 14,165 | 0 | 0 | 0 |
Creator advances, net | |||||||||
2,849 | 5,685 | 6,600 | 11,304 | 6,881 | 5,308 | 6,163 | 0 | 0 | 0 |
Prepaid expenses and other current assets | |||||||||
-1,040 | -1,690 | -3,581 | 413 | 3,548 | 5,594 | 3,924 | 0 | 0 | 0 |
Other assets | |||||||||
-284 | -201 | 1,325 | 951 | 1,620 | 1,643 | 256 | 0 | 0 | 0 |
Accounts payable, creators | |||||||||
-120,629 | 36,170 | 40,372 | 45,640 | 33,802 | 24,523 | 139,259 | 0 | 0 | 0 |
Accounts payable, trade | |||||||||
796 | 670 | -240 | 38 | -1,230 | -507 | 810 | 0 | 0 | 0 |
Chargebacks and refunds reserve | |||||||||
0 | - | - | - | 0 | - | - | - | - | - |
Funds payable | |||||||||
0 | - | - | - | 0 | - | - | - | - | - |
Accrued compensation and benefits | |||||||||
-780 | 761 | 1,689 | 2,079 | 3,878 | 1,791 | -500 | 0 | 0 | 0 |
Accrued taxes | |||||||||
-4,036 | -2,619 | -5,088 | -729 | 2,211 | 5,039 | 7,683 | 0 | 0 | 0 |
Operating lease liabilities | |||||||||
0 | - | - | - | 0 | - | - | - | - | - |
Other accrued liabilities | |||||||||
-6,620 | 2,224 | 6,381 | -1,403 | 2,837 | 4,256 | 7,992 | 0 | 0 | 0 |
Accrued taxes, noncurrent | |||||||||
164 | -137 | -3,281 | -16,432 | -16,924 | -14,458 | -10,656 | 0 | 0 | 0 |
Other liabilities | |||||||||
1,449 | 105 | -635 | -735 | -969 | 354 | -429 | 0 | 0 | 0 |
Net cash provided by (used in) operating activities | |||||||||
-106,942 | 28,658 | 34,684 | 15,711 | 7,406 | 7,162 | 114,977 | 0 | 0 | 0 |
Cash flows from investing activities | |||||||||
Purchases of property and equipment | |||||||||
5,636 | 5,888 | 6,144 | 6,296 | 6,050 | 5,418 | 4,982 | 0 | 0 | 0 |
Capitalized internal-use software development costs | |||||||||
7,514 | 7,710 | 7,714 | 7,172 | 6,998 | 7,232 | 7,356 | 0 | 0 | 0 |
Acquisitions, net of cash acquired | |||||||||
- | - | 0 | 0 | - | - | 0 | 0 | - | 0 |
Net cash used in investing activities | |||||||||
-13,150 | -13,598 | -12,853 | -14,710 | -437 | -39 | -128,493 | 0 | 0 | 0 |
Cash flows from financing activities | |||||||||
Proceeds from initial public offering, net of underwriters' discounts and offering costs, net of reimbursements | |||||||||
- | - | 0 | - | - | - | 0 | - | - | 0 |
Proceeds from issuance of common stock under ESPP | |||||||||
- | - | 0 | 0 | - | - | 0 | 0 | - | - |
Proceeds from exercise of stock options | |||||||||
32,896 | 40,669 | 33,411 | 26,853 | 19,947 | 8,108 | 7,885 | 0 | 0 | 0 |
Excess tax benefit from stock-based compensation awards | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Taxes paid related to net share settlement of equity awards | |||||||||
1,255 | 1,066 | 833 | 9,719 | 9,188 | 9,013 | 9,013 | 0 | 0 | 0 |
Proceeds from issuance of redeemable convertible preferred stock, net | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Proceeds from term loans | |||||||||
- | - | -1,422 | 73,578 | - | 118,578 | 150,000 | 0 | 0 | 0 |
Principal payments on debt obligations | |||||||||
- | - | 75,000 | 87,022 | - | 111,071 | 116,882 | 0 | 0 | 0 |
Prepayment penalties on debt extinguishment | |||||||||
- | - | 0 | - | - | - | 0 | - | - | 0 |
Payment of debt issuance costs | |||||||||
0 | 457 | 457 | 457 | 457 | 0 | 0 | 0 | 0 | - |
Payments of finance lease obligations | |||||||||
0 | - | - | - | 0 | - | - | - | - | - |
Payments on finance lease obligations | |||||||||
- | - | 216 | 140 | - | 78 | 137 | 0 | 0 | 0 |
Payments on build-to-suit lease financing obligation | |||||||||
- | - | 816 | 752 | - | 630 | 569 | 0 | 0 | 0 |
Payments of deferred offering costs | |||||||||
0 | 413 | 230 | 230 | 413 | 0 | 0 | 0 | 0 | - |
Net cash provided by financing activities | |||||||||
-38,604 | -31,520 | -45,709 | 238,692 | 256,241 | 240,056 | 403,227 | 0 | 0 | 0 |
Net increase (decrease) in cash, cash equivalents and restricted cash | |||||||||
-158,696 | -16,460 | -23,878 | 239,693 | 263,210 | 247,179 | 389,711 | 0 | 0 | 0 |
Supplemental cash flow data | |||||||||
Interest paid | |||||||||
10,658 | 10,657 | 4,435 | 5,842 | 5,662 | 7,588 | 5,799 | 0 | 0 | 0 |
Income taxes paid, net of refunds | |||||||||
1,318 | 1,096 | 721 | 426 | 343 | 202 | 341 | 0 | 0 | 0 |
Noncash investing and financing activities | |||||||||
Vesting of early exercised stock options | |||||||||
336 | 367 | 367 | 367 | 366 | 366 | 367 | 0 | 0 | 0 |
Issued shares of common stock for acquisitions | |||||||||
- | - | 0 | 0 | - | - | 0 | 0 | - | 0 |
Promissory notes issued in connection with acquisitions | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Conversion of redeemable convertible preferred stock in connection with initial public offering | |||||||||
- | - | 0 | - | - | - | 0 | - | - | 0 |
Issuance of redeemable convertible preferred stock warrants in connection with the loan facilities and term loan | |||||||||
- | - | 0 | 0 | - | 4,603 | 6,642 | 0 | 0 | 0 |
Deferred offering costs included in accounts payable, trade and other accrued liabilities | |||||||||
- | - | -3,960 | -698 | - | 430 | 4,390 | 0 | 0 | 0 |
Purchases of property and equipment, accrued but unpaid | |||||||||
169 | 436 | 1,035 | 868 | 538 | 0 | 0 | 0 | 0 | - |
Operating lease right-of-use assets obtained in exchange for operating lease liabilities | |||||||||
0 | - | - | - | 0 | - | - | - | - | - |