| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||
Net loss | ||||||||||
-9,570 | 15,380 | 15,140 | 17,651 | 11,996 | 10,865 | 13,024 | 26,296 | 21,991 | 20,507 | 18,866 |
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||||||
Depreciation | ||||||||||
8,572 | 7,955 | 6,648 | 7,812 | 8,350 | 9,325 | 9,268 | 8,921 | 5,359 | 3,671 | 5,278 |
Amortization of intangible assets | ||||||||||
22,619 | 1,162 | 781 | 831 | 891 | 2,171 | 2,230 | 2,445 | 2,562 | 3,620 | 2,290 |
Net losses from investments | ||||||||||
45 | 426 | -479 | -805 | -18 | -288 | -2,433 | 94 | -399 | 2,301 | -982 |
Deferred income taxes | ||||||||||
-3,957 | 2,931 | 6,425 | 2,602 | -985 | -7,526 | -4,529 | -10,967 | 15,137 | 2,356 | 1,943 |
Stock-based compensation | ||||||||||
11,684 | 8,300 | 8,490 | 7,976 | 8,347 | 7,444 | 6,051 | 5,397 | 3,642 | 4,874 | 6,111 |
Operating lease right-of-use asset amortization and impairments | ||||||||||
12,592 | - | - | - | - | - | - | - | - | - | - |
Amortization of deferred financing fees | ||||||||||
968 | - | - | - | - | - | - | - | - | - | - |
Amortization of premium (discount) on investments | ||||||||||
- | 68 | -207 | -345 | -693 | 1,273 | 2,261 | 2,803 | 3,321 | 2,587 | 1,167 |
Foreign currency (gains) losses | ||||||||||
-933 | -603 | -632 | 81 | -38 | -141 | -385 | -405 | -1,290 | -1,374 | -1,107 |
Other non-cash items | ||||||||||
- | - | - | - | - | - | - | - | - | -55 | - |
Changes in assets and liabilities, net of acquisitions: | ||||||||||
Accounts receivable | ||||||||||
-3,696 | -2,588 | 10,327 | -7,963 | 718 | -9,140 | 2,930 | -6,959 | 7,594 | 7,467 | 2,090 |
Deferred commissions | ||||||||||
4,643 | 1,077 | 1,679 | -1,477 | -225 | 815 | 3,529 | -2,607 | -589 | 2,968 | -119 |
Prepaid expenses and other current assets | ||||||||||
3,697 | -285 | 4,146 | -861 | -1,482 | -620 | -607 | -6,610 | 8,484 | 8,220 | -7,092 |
Accounts payable | ||||||||||
278 | 172 | -1,600 | 1,317 | -357 | -82 | 222 | -490 | -1,898 | 1,422 | -2,342 |
Accrued expenses and other liabilities | ||||||||||
4,421 | 1,217 | 7,857 | 58 | 6,116 | 2,171 | 3,547 | 549 | 2,485 | 3,975 | -69 |
Deferred revenue | ||||||||||
15,508 | -604 | 8,586 | -5,140 | -2,120 | -6,220 | 1,673 | 1,706 | 16,645 | 15,172 | 2,645 |
Operating lease liabilities | ||||||||||
-10,953 | - | - | - | - | - | - | - | - | - | - |
Net cash provided by operating activities | ||||||||||
48,406 | 38,418 | 37,493 | 44,477 | 33,976 | 28,795 | 30,713 | 53,147 | 55,444 | 38,657 | 43,099 |
Cash flows from investing activities: | ||||||||||
Acquisitions, net of cash acquired | ||||||||||
237,684 | 9,250 | - | - | - | - | - | - | 7,531 | 1,660 | 5,592 |
Purchases of property and equipment | ||||||||||
11,890 | 5,049 | 7,861 | 4,140 | 3,931 | 1,503 | 3,127 | 5,103 | 39,776 | 13,426 | 4,284 |
Purchases of marketable investments | ||||||||||
- | 41,810 | 31,910 | 36,763 | 20,587 | 35,386 | 44,667 | 91,421 | 113,909 | 116,280 | 645,312 |
Proceeds from maturities of marketable investments | ||||||||||
- | 63,627 | 31,913 | 18,271 | - | - | - | - | - | - | - |
Proceeds from sales and maturities of marketable investments | ||||||||||
- | 32,568 | 6,545 | 4,815 | 26,960 | 60,112 | 105,086 | 91,335 | 93,090 | 145,195 | 611,859 |
Change in restricted cash | ||||||||||
- | - | - | - | - | - | - | -946 | -14,542 | -1,282 | 16,770 |
Other investing activity | ||||||||||
-29 | - | -343 | 48 | -347 | -1,542 | -264 | -167 | -548 | -491 | -558 |
Net cash used in investing activities | ||||||||||
-249,545 | 40,086 | -970 | -17,865 | 2,789 | 24,765 | 57,556 | -4,076 | -53,036 | 15,602 | -59,541 |
Cash flows from financing activities: | ||||||||||
Proceeds from borrowings, net of costs | ||||||||||
171,275 | - | - | - | - | - | - | - | - | - | - |
Payments on borrowings | ||||||||||
42,250 | - | - | - | - | - | - | - | - | - | - |
Payment of debt issuance costs | ||||||||||
857 | - | - | - | - | - | - | - | - | - | - |
Deferred acquisition payments | ||||||||||
2,799 | - | - | - | - | - | - | - | - | - | - |
Dividends paid on common stock | ||||||||||
- | 14,502 | 13,631 | 12,987 | 12,179 | 11,962 | 12,394 | 12,588 | - | 68,414 | - |
Repurchases of common stock | ||||||||||
- | 9,946 | 39,967 | 1,791 | 20,931 | 73,166 | 118,210 | 29,843 | 18,405 | 21,345 | 20,399 |
Proceeds from issuance of common stock under employee equity incentive plans | ||||||||||
6,327 | 13,020 | 18,506 | 16,734 | 3,347 | 8,969 | 17,387 | 11,215 | 11,554 | 25,971 | 4,282 |
Taxes paid related to net share settlements of stock-based compensation awards | ||||||||||
2,258 | 2,526 | 2,527 | 2,069 | 1,459 | 244 | 737 | 345 | 525 | 1,949 | - |
Payment of deferred acquisition consideration | ||||||||||
- | - | - | - | - | - | 900 | 864 | - | - | - |
Net cash provided by (used in) financing activities | ||||||||||
129,438 | -13,954 | -37,619 | -113 | -31,222 | -75,915 | -113,380 | -31,735 | -6,326 | -61,839 | -16,117 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | ||||||||||
597 | -4,044 | 3,928 | -2,872 | -1,862 | -2,127 | 433 | 427 | -1,962 | -3,298 | 886 |
Net change in cash, cash equivalents and restricted cash | ||||||||||
-71,104 | 60,506 | 2,832 | 23,627 | 3,681 | -24,482 | -24,678 | 17,763 | -5,880 | -10,878 | -31,673 |
Supplemental disclosure of cash flow information: | ||||||||||
Cash paid for interest | ||||||||||
7,003 | - | - | - | - | - | - | - | - | - | - |
Cash paid for income taxes | ||||||||||
4,433 | 4,174 | 10,433 | 8,507 | 6,425 | 14,180 | 9,358 | 7,102 | 5,929 | 16,583 | 10,945 |