| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 | Dec'14 | Sep'14 | Jun'14 | Mar'14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities: | ||||||||||||||||||||||||
Net loss | ||||||||||||||||||||||||
-60,362 | -53,746 | -54,936 | -58,612 | -59,480 | -63,828 | -63,871 | -55,791 | -47,087 | -39,714 | -42,008 | -41,940 | -43,483 | -45,562 | -41,984 | -45,021 | -45,349 | -46,053 | -55,498 | -52,735 | -49,622 | -48,229 | 0 | 0 | 0 |
Adjustments to reconcile net loss to net cash and cash equivalents provided by operating activities | ||||||||||||||||||||||||
Depreciation and amortization | ||||||||||||||||||||||||
30,531 | 28,793 | 28,137 | 26,924 | 25,291 | 23,428 | 21,202 | 19,348 | 17,567 | 15,786 | 14,308 | 12,931 | 12,305 | 11,177 | 9,824 | 9,001 | 7,797 | 7,343 | 6,401 | 6,232 | 6,018 | 5,714 | 0 | 0 | 0 |
Stock-based compensation | ||||||||||||||||||||||||
104,012 | 97,754 | 94,586 | 90,409 | 81,420 | 76,261 | 68,232 | 60,729 | 54,060 | 47,317 | 43,693 | 40,279 | 35,747 | 32,675 | 29,416 | 25,230 | 22,397 | 21,308 | 28,137 | 24,893 | 20,428 | 16,358 | 0 | 0 | 0 |
Benefit for deferred income taxes | ||||||||||||||||||||||||
-1,028 | -799 | 0 | 0 | 0 | - | - | - | - | -11,546 | -9,093 | -3,512 | -163 | -133 | -260 | -241 | -73 | -50 | 0 | 0 | 0 | - | - | - | - |
Amortization of debt discount and issuance costs | ||||||||||||||||||||||||
22,233 | 21,790 | 21,416 | 21,048 | 20,687 | 20,335 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Accretion of bond discount | ||||||||||||||||||||||||
13,563 | 14,160 | 13,159 | 10,967 | 8,374 | 6,787 | 5,346 | 4,162 | 2,817 | 1,576 | 647 | -181 | -945 | -647 | -1,656 | -1,274 | -452 | -671 | 0 | 0 | 0 | - | - | - | - |
Provision for doubtful accounts | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 |
Non-cash rent expense | ||||||||||||||||||||||||
- | - | - | - | - | 2,336 | 2,668 | 3,645 | 4,166 | 5,039 | 5,618 | 5,018 | 4,523 | 3,968 | 4,275 | 3,550 | 2,737 | 1,793 | 261 | 272 | 363 | 286 | 0 | 0 | 0 |
Unrealized currency translation | ||||||||||||||||||||||||
-906 | 156 | -75 | -329 | -166 | -483 | -424 | -192 | 57 | 139 | 121 | 51 | -287 | -81 | 236 | 103 | 133 | 329 | 0 | 0 | 0 | - | - | - | - |
Changes in assets and liabilities | ||||||||||||||||||||||||
Accounts receivable | ||||||||||||||||||||||||
13,406 | 15,428 | 15,806 | 20,464 | 16,831 | 17,726 | 14,936 | 14,696 | 17,493 | 20,180 | 17,469 | 12,553 | 10,270 | 14,099 | 10,673 | 9,516 | 9,451 | 11,249 | 9,110 | 7,047 | 7,507 | 7,258 | 0 | 0 | 0 |
Prepaid expenses and other assets | ||||||||||||||||||||||||
19,289 | 3,296 | 3,160 | -2,262 | -2,886 | -3,880 | -598 | 2,382 | 4,769 | 5,588 | 8,103 | 11,420 | 2,662 | 6,126 | 5,482 | 2,645 | 4,625 | 3,373 | 2,136 | 3,862 | 1,856 | 713 | 0 | 0 | 0 |
Deferred commission expense | ||||||||||||||||||||||||
-7,855 | -9,666 | -13,564 | -19,350 | -22,166 | -23,900 | -17,880 | -12,192 | -8,608 | -4,004 | -2,384 | -2,351 | -618 | -453 | -1,550 | -2,108 | -2,422 | -2,119 | -1,807 | -1,428 | -1,723 | -2,004 | 0 | 0 | 0 |
Right-of-use assets | ||||||||||||||||||||||||
22,875 | 22,657 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Accounts payable | ||||||||||||||||||||||||
511 | 3,927 | 5,231 | 7,536 | 8,043 | 3,298 | 3,806 | 2,181 | 2,516 | 1,100 | 1,806 | 354 | 537 | 983 | 309 | 104 | -202 | -508 | 530 | -84 | -182 | 286 | 0 | 0 | 0 |
Accrued expenses and other liabilities | ||||||||||||||||||||||||
4,451 | 7,819 | 9,120 | 9,577 | 8,175 | 11,920 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating lease liabilities | ||||||||||||||||||||||||
0 | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Accrued expenses | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | 0 | 6,080 | - | 6,289 | 4,480 | 5,279 | 7,085 | 7,075 | 8,044 | 4,744 | 4,734 | 0 | 0 | 0 |
Restricted cash | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -157 | 0 | 0 | 0 |
Deferred rent | ||||||||||||||||||||||||
- | - | - | - | - | -5,799 | -3,965 | -3,863 | -3,545 | -3,559 | -3,549 | -3,529 | 118 | 107 | 0 | 0 | 0 | - | - | - | - | -1,467 | 0 | 0 | 0 |
Deferred revenue | ||||||||||||||||||||||||
51,204 | 49,265 | 44,513 | 45,771 | 47,236 | 49,316 | 44,151 | 42,736 | 41,519 | 38,999 | 34,157 | 33,180 | 32,612 | 32,311 | 29,087 | 26,921 | 26,356 | 24,666 | 21,229 | 19,085 | 18,815 | 17,084 | 0 | 0 | 0 |
Net cash and cash equivalents provided by operating activities | ||||||||||||||||||||||||
104,268 | 118,973 | 104,193 | 96,041 | 95,845 | 84,851 | 65,734 | 62,018 | 57,244 | 49,614 | 37,893 | 35,364 | 35,280 | 19,366 | 19,733 | 10,635 | 3,570 | -423 | -4,815 | -6,807 | -10,703 | -12,464 | 0 | 0 | 0 |
Investing Activities: | ||||||||||||||||||||||||
Purchases of investments | ||||||||||||||||||||||||
1,358,235 | 1,304,847 | 1,124,788 | 913,142 | 857,247 | 681,632 | 842,211 | 951,024 | 1,084,528 | 890,009 | 580,444 | 336,297 | 59,529 | 52,131 | 64,069 | 56,443 | 96,800 | 113,615 | 0 | 0 | 0 | - | - | - | - |
Maturities of investments | ||||||||||||||||||||||||
1,265,781 | 1,066,366 | 835,139 | 638,210 | 571,585 | 644,375 | 719,450 | 845,150 | 774,050 | 533,660 | 320,512 | 66,557 | 57,825 | 50,840 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Purchases of property and equipment | ||||||||||||||||||||||||
47,205 | 40,372 | 26,814 | 23,051 | 20,331 | 22,305 | 21,875 | 20,514 | 20,680 | 20,276 | 17,528 | 15,592 | 14,983 | 15,789 | 19,595 | 18,513 | 14,043 | 8,427 | 3,556 | 3,525 | 5,811 | 7,266 | 0 | 0 | 0 |
Capitalization of software development costs | ||||||||||||||||||||||||
15,422 | 13,474 | 11,581 | 10,690 | 11,373 | 11,168 | 10,491 | 9,537 | 8,077 | 7,071 | 6,882 | 6,577 | 5,925 | 5,749 | 5,362 | 5,034 | 4,978 | 4,314 | 3,829 | 4,054 | 4,450 | 4,634 | 0 | 0 | 0 |
Acquisition of a business, net of cash acquired | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 600 | 0 | 0 | 0 | - | - | - | - |
Purchase of strategic investments | ||||||||||||||||||||||||
- | - | - | - | - | 500 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net cash and cash equivalents used in investing activities | ||||||||||||||||||||||||
-178,948 | -316,194 | -328,797 | -309,275 | -317,616 | -71,230 | -156,127 | -148,490 | -352,400 | -396,611 | -296,557 | -292,509 | -22,612 | -22,829 | -26,398 | -35,795 | -84,094 | -104,104 | -98,242 | -86,462 | -35,225 | -10,480 | 0 | 0 | 0 |
Financing Activities: | ||||||||||||||||||||||||
Proceeds from common stock offering, net of offering costs paid of $256 | ||||||||||||||||||||||||
- | 342,628 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | 33,669 | 0 | 0 | 0 | - | - | - | - |
Employee taxes paid related to the net share settlement of stock-based awards | ||||||||||||||||||||||||
6,104 | 6,247 | 6,867 | 6,723 | 6,773 | 8,033 | 7,198 | 6,367 | 5,610 | 4,419 | 3,702 | 3,123 | 2,563 | 2,368 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Proceeds related to the issuance of common stock under stock plans | ||||||||||||||||||||||||
24,742 | 23,578 | 23,712 | 20,681 | 21,132 | 21,555 | 19,446 | 17,213 | 14,859 | 13,086 | 12,848 | 12,901 | 12,932 | 11,584 | 11,972 | 12,062 | 14,109 | 12,083 | 0 | 0 | 0 | - | - | - | - |
Repayments of finance lease obligations | ||||||||||||||||||||||||
196 | 284 | 401 | 532 | 650 | 744 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Proceeds from exercise of options | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 |
Payment of deferred initial public offering costs | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 |
Repayment of capital lease obligations | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | 1,002 | 942 | 841 | 743 | 627 | 476 | 324 | 206 | 131 | 95 | 98 | 121 | 0 | 0 | 0 |
Net cash and cash equivalents provided by financing activities | ||||||||||||||||||||||||
17,998 | 359,342 | 359,072 | 356,054 | 356,448 | 12,778 | 11,389 | 9,881 | 377,416 | 376,806 | 377,337 | 378,041 | 9,528 | 8,473 | 9,135 | 9,479 | 3,775 | 36,939 | 150,074 | 160,947 | 168,162 | 134,437 | 0 | 0 | 0 |
Effect of exchange rate changes on cash, cash equivalents, and restricted cash | ||||||||||||||||||||||||
-1,750 | -720 | -2,921 | -1,269 | -3,530 | -2,069 | -1,098 | -80 | 3,013 | 2,790 | 1,382 | 810 | -844 | -760 | 160 | 107 | 393 | -553 | -587 | -745 | -826 | -415 | 0 | 0 | 0 |
Net increase in cash, cash equivalents and restricted cash | ||||||||||||||||||||||||
-58,432 | 161,401 | 131,547 | 141,551 | 131,147 | 24,330 | -80,102 | -76,671 | 85,273 | 32,599 | 120,055 | 121,706 | 21,352 | 4,250 | 2,630 | -15,574 | -76,356 | -68,141 | 46,430 | 66,933 | 121,408 | 111,078 | 0 | 0 | 0 |
Supplemental cash flow disclosure: | ||||||||||||||||||||||||
Cash paid for interest | ||||||||||||||||||||||||
- | - | - | - | - | 1,036 | 1,088 | 1,092 | 585 | 762 | 209 | 261 | 279 | 174 | 212 | 180 | 243 | 185 | 175 | 277 | 221 | 199 | 0 | 0 | 0 |
Cash paid for income taxes | ||||||||||||||||||||||||
2,809 | 3,090 | 3,221 | 2,913 | 2,824 | 1,842 | 1,435 | 1,217 | 863 | 855 | 767 | 1,167 | 918 | 954 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Right-of-use assets obtained in exchange for operating lease liabilities | ||||||||||||||||||||||||
99,482 | 105,496 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Non-cash investing and financing activities: | ||||||||||||||||||||||||
Common stock offering costs, incurred but not yet paid | ||||||||||||||||||||||||
- | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Property and equipment acquired under capital lease | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | 1,328 | 1,069 | 985 | 995 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Offering costs incurred but not yet paid | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | 0 | 0 | 0 |
Capital expenditures incurred but not yet paid | ||||||||||||||||||||||||
3,008 | 4,606 | 519 | 395 | 2,086 | 666 | 1,862 | 2,135 | 537 | 680 | 960 | 722 | -66 | 1,383 | 0 | 0 | 0 | - | - | -243 | -569 | 111 | 0 | 0 | 0 |
Asset retirement obligations | ||||||||||||||||||||||||
0 | - | - | - | - | 216 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Accretion of preferred stock | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 331 | 0 | 0 | 0 |