| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | |
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net loss | ||||||
-52,250 | -47,515 | -19,634 | -11,286 | -10,824 | -623 | |
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
19,671 | 13,693 | 10,207 | 7,742 | 5,976 | 2,512 | |
Amortization of deferred costs | ||||||
7,982 | 5,472 | 5,947 | 5,264 | - | - | |
Loss on disposal of assets | ||||||
- | - | - | -74 | - | - | |
Deferred income taxes | ||||||
- | - | - | -138 | -431 | -315 | |
Accretion of interest on convertible senior notes | ||||||
5,711 | 4,616 | 493 | - | 130 | - | |
Loss on extinguishment of convertible notes | ||||||
-1,406 | - | - | - | - | - | |
Provision for doubtful accounts and sales return reserve | ||||||
661 | 252 | 637 | 387 | 366 | 206 | |
Stock-based compensation | ||||||
33,489 | 25,589 | 9,218 | 3,056 | 1,488 | 376 | |
Non-cash interest expense on line of credit and term loan | ||||||
- | - | - | 67 | 11 | - | |
Change in fair value of contingent consideration obligation | ||||||
-550 | -250 | -1,020 | - | - | - | |
Other non-cash adjustments | ||||||
132 | 261 | 236 | - | - | - | |
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
25,558 | 2,623 | 13,067 | 2,295 | 4,813 | 1,008 | |
Prepaid expenses | ||||||
3,481 | 1,952 | 551 | 348 | 656 | 304 | |
Deferred costs | ||||||
15,293 | 8,285 | 89 | 6,529 | - | - | |
Other assets | ||||||
-1,758 | 4,014 | 6,643 | -169 | 408 | 217 | |
Accounts payable | ||||||
5,312 | -1,263 | -90 | -423 | 866 | 414 | |
Accrued payroll and employee related liabilities | ||||||
4,548 | 4,686 | 3,596 | 1,312 | 1,181 | 1,407 | |
Accrued expenses | ||||||
-1,308 | 298 | -132 | 539 | -171 | 152 | |
Deferred revenue | ||||||
29,704 | 13,164 | 16,378 | 11,982 | 11,623 | 4,973 | |
Other liabilities | ||||||
-1,353 | 1,688 | -151 | -70 | 113 | 143 | |
Net cash provided by operating activities | ||||||
10,317 | 3,295 | 4,863 | 9,503 | 4,451 | 7,716 | |
Cash flows from investing activities: | ||||||
Capital expenditures | ||||||
5,269 | 1,721 | 1,667 | 970 | 2,502 | 2,155 | |
Proceeds from landlord reimbursement | ||||||
-1,143 | - | - | - | - | - | |
Proceeds from sale leaseback transaction | ||||||
- | - | 794 | - | - | - | |
Payments for acquisition of business, net of acquired cash | ||||||
58,419 | 35,857 | 21,235 | 2,306 | - | 304 | |
Additions to capitalized software development costs | ||||||
7,819 | 8,499 | 6,160 | 5,494 | 4,902 | 1,677 | |
Purchase of short-term investments | ||||||
1,975 | 87,204 | 60,764 | - | - | - | |
Maturities of short-term investments | ||||||
47,765 | 85,069 | 18,060 | - | - | - | |
Purchase of intangibles | ||||||
- | 201 | - | 250 | - | - | |
Net cash provided by (used in) investing activities | ||||||
-24,574 | -48,413 | -70,972 | -9,020 | -7,404 | -4,136 | |
Cash flows from financing activities: | ||||||
Principal payments on capital leases | ||||||
- | - | - | 58 | 101 | 85 | |
Proceeds from public offering, net of underwriters discounts and commissions | ||||||
- | - | - | 69,750 | - | - | |
Payments of public offering costs | ||||||
- | - | - | 1,960 | 1,391 | - | |
Payment on note payable | ||||||
- | - | - | 2,018 | 1,779 | 1,894 | |
Proceeds from public offering, net of costs | ||||||
139,110 | -276 | 9,572 | - | - | - | |
(Payments) proceeds from term loan | ||||||
- | - | - | -5,000 | 5,000 | - | |
Proceeds from issuance of convertible notes | ||||||
450,000 | - | 115,000 | - | - | - | |
Proceeds from line of credit | ||||||
- | - | - | 9,500 | 12,000 | 6,400 | |
Payments on line of credit | ||||||
- | - | - | 19,500 | 5,000 | 6,766 | |
Payments of debt issuance costs | ||||||
12,686 | 84 | 3,834 | 19 | 59 | - | |
Purchase of convertible notes capped call hedge | ||||||
44,910 | - | 12,922 | - | - | - | |
Repurchase of convertible notes | ||||||
57,791 | - | - | - | - | - | |
Proceeds from termination of convertible notes capped call hedge | ||||||
5,780 | - | - | - | - | - | |
Restricted stock units withheld to settle employee tax withholding liability | ||||||
4,602 | 7,925 | - | - | - | - | |
Payments of contingent consideration obligation | ||||||
- | 431 | 3,750 | - | - | - | |
Proceeds from employee stock purchase plan | ||||||
2,337 | 1,823 | 1,540 | - | - | - | |
Proceeds from warrant exercises | ||||||
- | - | - | 25 | - | - | |
Proceeds from stock option exercises | ||||||
17,400 | 10,200 | 2,900 | 750 | 49 | 225 | |
Other | ||||||
-548 | -158 | - | - | - | - | |
Repurchase of common stock | ||||||
- | - | - | - | 1,500 | - | |
Net cash provided by financing activities | ||||||
494,101 | 3,099 | 108,475 | 51,470 | 7,219 | -2,120 | |
Effect of exchange rates on cash, cash equivalents and restricted cash | ||||||
-250 | -964 | -80 | 234 | -100 | -88 | |
Net increase (decrease) in cash, cash equivalents and restricted cash | ||||||
479,594 | -42,983 | 42,286 | 52,187 | 4,166 | 1,372 | |
Supplemental disclosures of cash flow information: | ||||||
Interest | ||||||
1,766 | 1,634 | - | 495 | 369 | 217 | |
Taxes, net of refunds received | ||||||
90 | 113 | 28 | -117 | 124 | 93 | |
Supplemental disclosure of non-cash activities: | ||||||
Issuance of common stock in connection with acquisition | ||||||
- | - | - | - | - | 6,851 | |
Issuance of notes payable in connection with acquisition | ||||||
- | - | - | - | - | 5,815 | |
Capitalized assets included in accounts payable and accrued expenses | ||||||
136 | 1,609 | 73 | 104 | 63 | 190 | |
Capitalized development costs included in accounts payable and accrued expenses | ||||||
71 | - | - | - | - | - | |
Debt issuance costs included in accounts payable and other assets, net | ||||||
131 | - | 84 | - | - | - | |
Deferred offering costs in accounts payable and accrued expenses | ||||||
- | 21 | - | 298 | 1,175 | - | |
Common stock issued in connection with acquisitions | ||||||
32,798 | - | - | - | - | - | |
Stock-based compensation capitalized for software development | ||||||
500 | 236 | 81 | 45 | 34 | - | |
Note payable issued for asset acquisition | ||||||
- | 52 | - | - | - | - | |
Note payable issued for business acquisition | ||||||
- | 383 | - | - | - | - | |