| 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 loss | |||||||||
-105,900 | -243,400 | -71,500 | 5,300 | 19,300 | -22,979 | -20,789 | -1,563 | 255 | 1,370 |
Adjustments to reconcile net loss to net cash provided by operating activities: | |||||||||
Depreciation and amortization | |||||||||
248,800 | 211,400 | 132,600 | 62,800 | 46,700 | 24,921 | 17,157 | 7,296 | 3,896 | 2,791 |
Share-based compensation | |||||||||
31,200 | 34,400 | 22,200 | 15,800 | 7,900 | 2,418 | 1,466 | 610 | 698 | 644 |
Debt discount amortization | |||||||||
7,000 | 3,500 | 400 | 900 | 200 | 420 | 601 | 303 | 316 | - |
Loss on debt extinguishment | |||||||||
0 | -13,800 | -8,600 | - | - | - | - | - | - | - |
Loss on debt extinguishment | |||||||||
- | - | 8,600 | 1,600 | 3,400 | 3,104 | 706 | 0 | - | - |
Amortization of debt issuance costs | |||||||||
4,800 | 4,400 | 3,800 | 1,500 | 1,000 | 1,014 | 1,269 | - | - | - |
Change in fair value of derivative financial liability | |||||||||
31,400 | 128,500 | 0 | 0 | - | -6,857 | -8,658 | -1,072 | 42 | - |
Excess tax benefit from stock-based compensation | |||||||||
-1,900 | 5,900 | 6,200 | 0 | 0 | - | - | 152 | 0 | - |
Deferred income taxes | |||||||||
-20,400 | 100 | 16,500 | 2,200 | -30,500 | 0 | 0 | - | - | - |
Change in fair value of acquisition earn-out | |||||||||
- | - | - | - | 900 | 1,554 | 1,978 | 0 | - | - |
Non-cash deferred revenue | |||||||||
- | - | - | - | -5,600 | - | - | - | - | - |
Non-cash deferred costs | |||||||||
- | - | - | - | -2,500 | - | - | - | - | - |
Changes in operating assets and liabilities, net of acquisitions: | |||||||||
Accounts receivable, net | |||||||||
-6,300 | -4,500 | -14,200 | 14,900 | 7,900 | 4,965 | -485 | -1,017 | 2,307 | -3,310 |
Prepaid expenses and other current assets | |||||||||
3,400 | -26,100 | -6,200 | -5,300 | - | -251 | 619 | -517 | 1,295 | 265 |
Prepaid expenses | |||||||||
- | - | - | - | 8,100 | 804 | -5,252 | -361 | -731 | - |
Other long-term assets | |||||||||
-1,300 | -14,900 | -1,000 | 4,000 | 11,500 | 1,596 | 2,676 | 601 | 108 | 3,120 |
Accounts payable | |||||||||
-26,900 | -7,700 | -22,700 | -12,300 | -8,700 | -14,235 | 604 | -4,109 | 2,829 | -2,981 |
Accrued expenses and other current liabilities | |||||||||
-29,800 | -74,500 | 7,700 | -7,100 | 1,800 | -3,679 | -3,359 | -1,382 | -3,124 | -3,988 |
Operating lease liabilities | |||||||||
-6,700 | - | - | - | - | - | - | - | - | - |
Deferred revenue | |||||||||
-34,200 | -14,200 | -39,700 | 3,300 | - | - | - | - | - | - |
Other long-term liabilities | |||||||||
1,700 | -13,500 | -9,700 | 0 | 13,200 | 1,244 | -1,300 | 644 | -1,877 | 51 |
Net cash provided by operating activities | |||||||||
107,100 | 82,400 | 63,400 | 60,400 | 24,600 | -6,475 | 9,433 | 4,013 | -28 | -2,188 |
Cash flows from investing activities: | |||||||||
Acquisition of businesses, net of cash acquired | |||||||||
52,600 | 2,242,700 | 706,300 | 14,100 | 300,700 | 37,488 | 51,884 | 13,833 | 14,604 | - |
Purchase of customer contracts | |||||||||
200 | 100 | 14,900 | 20,000 | 0 | - | - | - | - | - |
Settlement of deal-contingent foreign currency hedge | |||||||||
0 | 105,800 | 0 | 0 | - | - | - | - | - | - |
Change in restricted cash and cash equivalents | |||||||||
- | - | - | - | 0 | 0 | - | - | - | - |
Purchases of property and equipment | |||||||||
102,200 | 77,700 | 42,000 | 24,200 | 14,100 | 5,819 | 4,053 | 1,839 | 530 | 186 |
Purchases of intangible assets | |||||||||
0 | 0 | 1,500 | 0 | 0 | 206 | 4,042 | 1,723 | 1,000 | - |
Net cash used in investing activities | |||||||||
-155,000 | -2,426,300 | -764,700 | -58,300 | -314,800 | -43,513 | -59,979 | -17,395 | -16,134 | -186 |
Cash flows from financing activities: | |||||||||
Proceeds from line of credit | |||||||||
- | - | - | - | - | 3,000 | 3,000 | -3,100 | 762 | -740 |
Repayment of promissory note | |||||||||
- | - | - | - | - | - | 237 | 472 | 244 | 250 |
Repayment of line of credit | |||||||||
- | - | - | - | - | 6,000 | 0 | - | - | - |
Proceeds from revolving line of credit | |||||||||
145,000 | 96,500 | 50,000 | 47,000 | 5,000 | 0 | 0 | - | - | - |
Repayment of revolving line of credit | |||||||||
64,000 | 37,500 | 70,000 | 32,000 | 0 | 0 | - | - | - | - |
Payment of convertible notes payable | |||||||||
- | - | - | - | - | - | - | - | - | 3,171 |
Proceeds from term loans, net of original issuance discount and costs paid to lenders | |||||||||
0 | 2,633,700 | 696,500 | 29,900 | 622,000 | 125,000 | 65,794 | 14,500 | 14,417 | - |
Repayment of term loans | |||||||||
26,100 | 706,200 | 432,800 | 4,200 | 353,600 | 63,124 | 28,544 | 3,500 | 2,333 | 9,500 |
Proceeds from senior note | |||||||||
0 | 0 | 291,500 | 300,000 | 0 | 0 | - | - | - | - |
Repayment of other secured borrowings | |||||||||
12,800 | 9,700 | 0 | 0 | - | - | - | - | - | - |
Proceeds from mezzanine debt | |||||||||
- | - | - | - | - | 1,500 | 11,651 | 7,214 | - | - |
Repayment of mezzanine debt | |||||||||
- | - | - | - | - | 31,000 | 0 | - | - | 4,000 |
Payment of holdbacks | |||||||||
6,500 | 13,000 | 28,700 | 15,600 | 3,700 | 1,155 | 3,628 | - | - | - |
Debt issuance costs paid to third parties | |||||||||
1,200 | 63,300 | 34,000 | 1,400 | 12,600 | 2,213 | 3,126 | - | - | - |
Repayment of finance leases | |||||||||
1,300 | 2,700 | 1,600 | 1,800 | 900 | 284 | 0 | - | - | 339 |
Issuance of subordinated notes | |||||||||
- | - | - | - | - | - | - | - | 153 | - |
Proceeds from equity issuance, net of issuance costs | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Settlement of warrant liability | |||||||||
- | - | - | - | - | 9,576 | 0 | - | - | - |
Issuance of Plexus note, net of discount | |||||||||
- | - | - | - | - | - | - | - | 0 | 1,546 |
Repayment of subordinate notes payable | |||||||||
- | - | - | - | - | - | 85 | 105 | 0 | - |
Proceeds from issuance of common stock under employee stock purchase plan | |||||||||
0 | 424,500 | 700 | 1,200 | 0 | 0 | - | - | 247 | 936 |
Tax withholding related to the vesting of restricted stock | |||||||||
400 | 21,000 | 4,000 | 5,700 | 3,500 | 1,591 | 120 | 0 | - | - |
Tax benefit for stock options | |||||||||
- | - | - | - | - | - | - | 152 | 0 | - |
Exercise of stock options | |||||||||
900 | 1,700 | 2,100 | 1,200 | 900 | 994 | 43 | 3 | 0 | - |
Shares issued in offering, net of offering costs | |||||||||
- | - | - | - | - | 72,680 | 6,182 | 0 | - | - |
Net cash provided by financing activities | |||||||||
35,000 | 2,304,300 | 469,700 | 318,600 | 253,600 | 88,231 | 50,930 | 14,692 | 13,002 | 3,482 |
Effect of exchange rate changes on cash | |||||||||
-600 | -6,300 | -1,200 | -1,400 | 2,000 | 5,228 | 675 | 167 | -153 | -94 |
Net increase (decrease) in cash, cash equivalents, and restricted cash | |||||||||
-13,500 | -45,900 | -232,800 | 319,300 | -34,600 | 43,471 | 1,059 | 1,477 | -3,313 | 1,014 |
Supplemental disclosure of cash flow information: | |||||||||
Cash paid for interest | |||||||||
176,600 | 158,800 | 47,200 | 26,300 | 13,100 | 7,976 | 7,412 | 4,759 | 2,175 | 559 |
Stock issued in connection with debt extinguishment | |||||||||
- | - | - | - | - | - | 2,880 | - | - | - |
Cashless exercise of warrants | |||||||||
- | - | - | - | - | 9,576 | 0 | - | - | - |
Cash paid for income taxes, net | |||||||||
1,300 | 5,300 | 1,700 | 1,000 | 400 | 911 | 0 | - | - | - |
Supplemental disclosure of non-cash investing and financing activities: | |||||||||
Fair value of current assets acquired | |||||||||
5,700 | 249,600 | 76,800 | 900 | 26,100 | 6,193 | 33,030 | - | - | - |
Fair value of non-current assets acquired | |||||||||
39,300 | 1,687,400 | 772,000 | 53,400 | 171,800 | 37,726 | 31,062 | - | - | - |
Fair value of current liabilities assumed | |||||||||
12,500 | 355,700 | 87,700 | 600 | 26,100 | 19,847 | -26,064 | - | - | - |
Fair value of non-current liabilities assumed | |||||||||
7,300 | 423,000 | 215,500 | 0 | 1,900 | 437 | -10,088 | - | - | - |
Shares issued in connection with the extinguishment of subordinated notes and accrued interest thereon | |||||||||
- | - | - | - | - | - | - | 0 | - | - |
Shares issued in connection with acquisition earn-out | |||||||||
- | - | - | - | - | 3,704 | 1,650 | - | - | - |
Measurement period adjustment related to PacketExchange acquisition | |||||||||
- | - | - | - | - | - | - | 744 | 0 | - |
Adjustment related to August 2010 sales novations | |||||||||
- | - | - | - | - | - | - | 2,885 | 0 | - |
Stock Issued During Period, Value, Acquisitions | |||||||||
- | - | - | 2,000 | 9,800 | 3,884 | 0 | 0 | - | - |
Fair value of shares issued in connection with acquisition | |||||||||
-300 | 8,800 | 141,900 | - | - | - | - | - | - | - |
Fair value of PacketExchange liabilities assumed | |||||||||
- | - | - | - | - | - | - | - | 9,869 | - |
Fair value of PacketExchange assets acquired | |||||||||
- | - | - | - | - | - | - | - | 16,015 | - |
Fair value of promissory note assumed in PacketExchange acquisition | |||||||||
- | - | - | - | - | - | - | - | 709 | - |
Non-cash increase in other assets due to the PacketExchange acquisition | |||||||||
- | - | - | - | - | - | - | - | 544 | - |
Fair value of warrant liability (Note 5) | |||||||||
- | - | - | - | - | - | - | - | 430 | - |