| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||
Net Income (Loss) Attributable to Parent | ||||||||
-257,409 | -243,123 | -285,184 | -485,435 | -539,215 | -443,790 | -120,635 | -35,756 | -16,782 |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||||||||
Depreciation and amortization | ||||||||
103,305 | 86,505 | 103,417 | 119,267 | 111,956 | 94,136 | 20,758 | 6,917 | 3,272 |
Stock-based compensation | ||||||||
153,517 | 153,675 | 166,336 | 199,066 | 222,119 | 151,852 | 28,858 | 6,843 | 715 |
Non-cash interest expense related to convertible senior notes | ||||||||
47,983 | 43,273 | 37,598 | 35,782 | 20,069 | 0 | 0 | - | - |
Loss on repurchase of convertible senior notes | ||||||||
0 | -10,764 | 0 | 0 | - | - | - | - | - |
Deemed repayment of convertible senior notes attributable to accreted debt discount | ||||||||
0 | -43,575 | 0 | 0 | - | - | - | - | - |
Change in fair value of contingent earn-out liability | ||||||||
0 | 0 | -54 | 2,356 | 0 | 0 | - | - | - |
Deferred income taxes | ||||||||
-257 | -930 | -1,287 | -11,926 | -1,353 | -39,869 | -61,028 | -1,241 | - |
Other | ||||||||
-945 | -4,715 | -7,170 | -9,836 | -4,672 | -2,261 | -6,648 | -2,732 | -201 |
Change in fair value of preferred stock warrant liability | ||||||||
- | - | - | - | - | - | - | - | 805 |
Release of deferred tax valuation allowance | ||||||||
- | - | - | - | - | - | - | - | 0 |
Changes in operating assets and liabilities, net of business acquisitions: | ||||||||
Accounts receivable | ||||||||
12,109 | 11,605 | 14,434 | -57,968 | -19,126 | 97,165 | 35,145 | 10,106 | 13,540 |
Inventories | ||||||||
-51 | 5,216 | 3,333 | -1,415 | 7,820 | 2,024 | 3,089 | 817 | 658 |
Prepaid expenses and other assets | ||||||||
-7,003 | 13,779 | -5,365 | -7,106 | 675 | -1,450 | 17,219 | 3,753 | 187 |
Deferred costs of revenue | ||||||||
- | - | - | - | - | - | - | - | 742 |
Accounts payable | ||||||||
4,707 | -8,205 | 6,040 | -19,093 | 7,705 | -3,193 | 11,504 | 6,189 | 5,400 |
Accrued liabilities | ||||||||
-3,074 | 10,234 | -3,659 | -11,154 | 7,495 | 11,403 | -18,488 | 511 | - |
Accrued transaction costs of acquiree | ||||||||
- | - | - | -7,727 | 0 | 0 | - | - | - |
Accrued and other current liabilities | ||||||||
- | - | - | - | - | - | - | - | 284 |
Accrued compensation | ||||||||
-4,295 | 4,220 | 2,565 | -24,621 | 14,742 | 23,658 | 19,381 | 3,165 | 2,446 |
Deferred revenue | ||||||||
36,987 | 24,728 | -17,649 | 116,792 | 174,455 | 164,728 | 95,010 | 46,303 | 23,836 |
Other long-term liabilities | ||||||||
-9,817 | 5,700 | 14,749 | -4,217 | 3,739 | 5,283 | 3,683 | 513 | 61 |
Net cash provided by (used in) operating activities | ||||||||
67,537 | 17,381 | 17,640 | -14,585 | 37,015 | -131,270 | -69,762 | 21,500 | 5,111 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||
Purchases of property and equipment and demonstration units | ||||||||
45,605 | 50,831 | 43,779 | 36,314 | 54,549 | 67,715 | 57,560 | 18,848 | 5,217 |
Purchases of short-term investments | ||||||||
617,194 | 479,862 | 409,358 | 507,073 | 769,097 | 390,360 | - | - | - |
Proceeds from maturities of short-term investments | ||||||||
620,580 | 487,141 | 397,483 | 554,358 | 245,116 | 99,541 | - | - | - |
Proceeds from sales of short-term investments | ||||||||
0 | 0 | 3,620 | 4,507 | 4,807 | 31,577 | - | - | - |
Business acquisitions, net of cash acquired | ||||||||
127,249 | 5,240 | 4,300 | 204,926 | 0 | 55,058 | 89,240 | 889 | 0 |
Purchase of short-term investments | ||||||||
- | - | - | - | - | - | 0 | 0 | - |
Maturity of short-term investments | ||||||||
- | - | - | - | - | - | 0 | 0 | - |
Sale of short-term investments | ||||||||
- | - | - | - | - | - | 0 | 0 | - |
Purchase of investment in private company | ||||||||
0 | 0 | 2,500 | 0 | 1,800 | 0 | 0 | - | - |
Lease deposits | ||||||||
432 | 275 | 489 | 248 | 1,226 | 496 | 1,669 | 478 | 7 |
Net cash used in investing activities | ||||||||
-169,036 | -48,517 | -59,323 | -189,696 | -576,749 | -382,511 | -148,469 | -20,215 | -5,224 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||
Net proceeds from initial public offering | ||||||||
- | - | - | - | - | - | 321,389 | 0 | 0 |
Net proceeds from follow-on public offering | ||||||||
- | - | - | - | - | 444,338 | 0 | 0 | - |
Net proceeds from issuance of convertible senior notes | ||||||||
0 | 584,405 | 0 | 0 | 896,530 | 0 | 0 | - | - |
Purchase of capped calls | ||||||||
0 | 65,200 | 0 | 0 | - | - | - | - | - |
Repurchase of convertible senior notes | ||||||||
0 | 286,817 | 0 | 0 | - | - | - | - | - |
Prepaid forward stock purchase | ||||||||
- | - | - | - | 150,000 | 0 | 0 | - | 0 |
Repayment of debt of acquired business | ||||||||
- | - | - | 8,842 | 0 | 0 | - | - | - |
Payments for contingent earn-outs | ||||||||
0 | 0 | 38,928 | 112 | 0 | 0 | - | - | - |
Borrowing from line of credit | ||||||||
- | - | - | - | - | - | 10,000 | 7,619 | 2,381 |
Repayment of line of credit | ||||||||
- | - | - | - | - | - | 20,000 | 0 | 2,322 |
Borrowing of term loan | ||||||||
- | - | - | - | - | - | - | - | 2,750 |
Repayment of term loan | ||||||||
- | - | - | - | - | - | 2,150 | 1,405 | 557 |
Net proceeds from issuance of convertible preferred stock | ||||||||
- | - | - | - | - | - | 9,988 | 39,785 | -3 |
Payment related to shares withheld for taxes | ||||||||
0 | 0 | 1,408 | 1,124 | 2,027 | 2,058 | 0 | - | - |
Proceeds from employee stock purchase plan | ||||||||
22,086 | 20,816 | 20,094 | 22,080 | 21,880 | 21,228 | 0 | - | - |
Proceeds from exercise of equity awards | ||||||||
4,187 | 6,890 | 19,149 | 13,844 | 29,090 | 22,718 | 5,428 | 2,240 | 875 |
Repayment of notes receivable from stockholders | ||||||||
- | - | - | - | - | - | 7,294 | 0 | 0 |
Net cash provided by (used in) financing activities | ||||||||
26,273 | 260,074 | -1,093 | 25,846 | 795,473 | 486,226 | 331,949 | 48,239 | 3,124 |
Net change in cash and cash equivalents | ||||||||
-75,226 | 228,938 | -42,776 | -178,435 | 255,739 | -27,555 | 113,718 | 49,524 | 3,011 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ||||||||
Cash paid for income taxes | ||||||||
4,777 | 4,780 | 5,360 | 5,209 | 2,686 | 2,489 | 474 | 22 | 2 |
Cash paid for interest | ||||||||
13,934 | 13,035 | 12,075 | 12,098 | 6,004 | 27 | 578 | 508 | 194 |
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||||||||
Common stock issued in connection with acquisitions | ||||||||
119,682 | 15,387 | 4,361 | 41,000 | 0 | 1,398 | 791,917 | 3,116 | 0 |
Convertible senior note issuance costs included in accounts payable and accrued expense | ||||||||
- | - | - | 39,088 | - | - | - | - | - |
Contingent earn-out in connection with acquisitions | ||||||||
- | - | - | - | 0 | 0 | - | - | - |
Conversion of preferred stock warrants to common stock warrants | ||||||||
- | - | - | - | - | - | 10,067 | 0 | 0 |
Purchases of property and equipment and demonstration units in accounts payable and accrued liabilities | ||||||||
5,264 | 12,818 | 13,353 | 4,035 | 8,604 | 6,716 | 6,435 | 2,874 | 117 |
Proceeds receivable from issuance of convertible preferred stock | ||||||||
- | - | - | - | - | - | - | 4,994 | 0 |