| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | |||||||||
Net income | |||||||||
18,485 | 22,112 | 15,934 | 10,217 | 3,688 | 2,940 | 1,500 | 53 | 1,000 | 606 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Depreciation and amortization | |||||||||
5,741 | 4,315 | 3,025 | 2,342 | 1,945 | 1,243 | 1,011 | 649 | 323 | 139 |
Lease abandonment | |||||||||
- | - | - | - | - | - | 117 | 8 | 0 | - |
Loss on disposal or write-off of equipment | |||||||||
- | - | - | - | - | - | - | - | -4 | 3 |
Share-based compensation | |||||||||
4,836 | 4,152 | 3,723 | 3,218 | 2,960 | 1,786 | 906 | 1,572 | 217 | 20 |
Deferred income taxes | |||||||||
-37 | 286 | -377 | -457 | -795 | -210 | -37 | -186 | -30 | -23 |
Tax benefit from share-based award activity | |||||||||
- | - | - | - | 1,721 | 1,853 | 602 | 1,033 | -433 | -115 |
Excess tax benefit from share-based award activity | |||||||||
- | - | - | - | - | - | 609 | 1,033 | 433 | 115 |
Other | |||||||||
-39 | 64 | -24 | -30 | -17 | 24 | -56 | -15 | - | - |
Changes in assets and liabilities: | |||||||||
Accounts receivable | |||||||||
1,961 | 1,892 | 1,609 | 1,489 | 973 | 610 | 378 | 170 | 174 | 209 |
Income tax refundable | |||||||||
- | - | - | - | - | - | - | - | 0 | 0 |
Prepaid expenses and other current assets | |||||||||
-47 | 690 | 192 | 159 | 144 | 123 | -355 | 465 | 24 | 38 |
Other assets | |||||||||
-41 | 159 | -154 | -14 | 3 | 216 | 142 | -2 | 5 | 6 |
Accounts payable | |||||||||
113 | 221 | 43 | 14 | 18 | 31 | 26 | 1 | 6 | 12 |
Partners payable | |||||||||
348 | 157 | 95 | 67 | 17 | -28 | 12 | -2 | 96 | 75 |
Accrued expenses and other current liabilities | |||||||||
7,300 | 1,417 | 309 | 1,014 | 513 | 328 | -38 | 152 | 37 | 20 |
Deferred revenue and deposits | |||||||||
123 | 53 | 4 | 35 | -9 | 10 | 8 | -60 | 49 | 37 |
Other liabilities | |||||||||
1,239 | -634 | 3,083 | 1,262 | 1,365 | 346 | 833 | 43 | 50 | 16 |
Net cash provided by operating activities | |||||||||
36,314 | 29,274 | 24,216 | 16,108 | 10,320 | 7,326 | 4,222 | 1,612 | 1,549 | 698 |
Cash flows from investing activities | |||||||||
Purchases of property and equipment, net | |||||||||
15,102 | 13,915 | 6,733 | 4,491 | 2,523 | 1,831 | 1,362 | 1,235 | 606 | 293 |
Purchases of marketable securities | |||||||||
23,910 | 14,656 | 25,682 | 22,341 | 15,938 | 9,104 | 7,433 | 10,307 | 3,025 | 0 |
Sales of marketable securities | |||||||||
9,565 | 12,358 | 9,444 | 13,894 | 6,928 | 8,438 | 2,988 | 2,100 | 113 | 0 |
Maturities of marketable securities | |||||||||
10,152 | 4,772 | 2,988 | 1,261 | 2,310 | 1,909 | 3,563 | 3,333 | 516 | 0 |
Investments in non-marketable equity securities | |||||||||
- | - | - | - | - | - | - | - | 3 | 0 |
Acquisitions of businesses, net of cash acquired, and purchases of intangible assets | |||||||||
508 | 137 | 122 | 123 | 313 | 4,975 | 368 | 911 | 24 | 22 |
Change in restricted cash and deposits | |||||||||
- | - | - | - | -102 | 348 | 11 | 2 | -6 | 9 |
Other investing activities, net | |||||||||
61 | 25 | 13 | -8 | - | 2 | 1 | 2 | - | - |
Net cash used in investing activities | |||||||||
-19,864 | -11,603 | -20,118 | -11,792 | -9,434 | -5,913 | -2,624 | -7,024 | -3,023 | -324 |
Cash flows from financing activities | |||||||||
Net proceeds from issuance of common stock | |||||||||
- | - | - | - | - | - | 1,478 | 6,760 | 998 | 500 |
Taxes paid related to net share settlement of equity awards | |||||||||
2,337 | 3,208 | 3,246 | 6 | 20 | - | 889 | 2,862 | 0 | 0 |
Principal payments on capital lease and other financing obligations | |||||||||
- | - | - | 312 | 119 | 243 | 391 | 366 | 181 | 90 |
Repurchases of Class A common stock | |||||||||
4,202 | 12,879 | 1,976 | 0 | 0 | - | - | - | - | - |
Finance Lease, Principal Payments | |||||||||
552 | 0 | 0 | - | - | - | - | - | - | - |
Net change in overdraft in cash pooling entities | |||||||||
-223 | 500 | 0 | 0 | - | - | - | - | - | - |
Proceeds from exercise of stock options | |||||||||
- | - | - | - | - | - | 26 | 17 | 28 | 6 |
Proceeds from long-term debt, net of issuance cost | |||||||||
- | - | - | - | - | - | - | 1,496 | 0 | 250 |
Repayment of long-term debt | |||||||||
- | - | - | - | - | - | 1,500 | 0 | 250 | 0 |
Proceeds from sale and lease-back transactions | |||||||||
- | - | - | - | - | - | - | 205 | 170 | 0 |
Excess tax benefit from share-based award activity | |||||||||
- | - | - | - | - | - | 609 | 1,033 | 433 | 115 |
Other financing activities, net | |||||||||
15 | 15 | -13 | 8 | 0 | -55 | - | - | - | - |
Net cash used in financing activities | |||||||||
-7,299 | -15,572 | -5,235 | -310 | -139 | -298 | -667 | 6,283 | 1,198 | 781 |
Effect of exchange rate changes on cash, cash equivalents, and restricted cash | |||||||||
4 | -179 | 232 | -63 | -155 | -123 | 8 | 1 | 3 | -3 |
Net increase in cash, cash equivalents, and restricted cash | |||||||||
9,155 | 1,920 | -905 | 3,943 | 592 | 992 | 939 | 872 | -273 | 1,152 |
Supplemental cash flow data | |||||||||
Interest | |||||||||
- | - | - | 11 | 10 | 14 | 38 | 38 | 28 | 23 |
Cash paid for income taxes, net | |||||||||
5,182 | 3,762 | 2,117 | 1,210 | 270 | 178 | 82 | 184 | 197 | 261 |
Income taxes | |||||||||
- | - | - | - | - | - | 421 | 131 | 0 | - |
Non-cash investing activities: | |||||||||
Net change in prepaids and liabilities related to property and equipment | |||||||||
-153 | 918 | 495 | 136 | - | - | - | - | - | - |
Net change in accounts payable, accrued expenses and other current liabilities, and other liabilities related to property and equipment additions | |||||||||
1,887 | 1,955 | 882 | - | 88 | 91 | - | - | - | - |
Fair value of shares issued related to acquisitions of businesses | |||||||||
- | - | - | - | - | 14,344 | 77 | 274 | 58 | 60 |
Promissory note payable issued in connection with an acquisition | |||||||||
- | - | - | - | 198 | 0 | 0 | - | - | - |
Settlement of acquisition-related contingent consideration liability | |||||||||
- | - | - | 33 | 0 | 0 | - | - | - | - |
Change in unsettled repurchases of Class A common stock | |||||||||
- | - | - | 0 | 0 | - | - | - | - | - |