| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | |
|---|---|---|---|---|---|---|
Operating Activities: | ||||||
Net loss | ||||||
-80,819 | -43,465 | -43,084 | -48,202 | -52,978 | -41,427 | |
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Depreciation of property and equipment | ||||||
10,642 | 8,749 | 6,187 | 3,981 | 2,672 | 1,760 | |
Amortization of intangible assets | ||||||
9,335 | 2,786 | 572 | 405 | 309 | 306 | |
Amortization of deferred financing costs | ||||||
9 | 19 | 31 | 46 | 54 | 61 | |
Change in fair value of mark-to-market liabilities | ||||||
- | -1,266 | 97 | -62 | 653 | 2,575 | |
Excess tax benefit for stock-based compensation | ||||||
- | - | - | - | - | 872 | |
Stock-based compensation | ||||||
56,512 | 22,747 | 15,670 | 10,674 | 9,236 | 8,198 | |
Other | ||||||
-656 | -437 | -17 | 92 | 193 | 200 | |
Changes in assets and liabilities: | ||||||
Accounts receivable, net | ||||||
2,217 | 2,643 | 14,882 | 8,733 | 1,532 | 4,335 | |
Prepaid expenses and other assets | ||||||
6,836 | 2,553 | 9,176 | 416 | 2,673 | 2,296 | |
Deferred commissions | ||||||
2,679 | 1,384 | 4,990 | 4,084 | - | - | |
Right-of-use assets | ||||||
-2,716 | - | - | - | - | - | |
Accounts payable and accrued liabilities | ||||||
13,039 | -2,805 | 740 | 3,732 | 3,938 | 2,542 | |
Deferred revenue | ||||||
22,166 | 19,008 | 26,763 | 21,778 | 20,371 | 12,488 | |
Lease liabilities | ||||||
-2,362 | - | - | - | - | - | |
Deferred rent | ||||||
- | -1,342 | -992 | 474 | -719 | -515 | |
Other liabilities | ||||||
11 | - | -32 | -345 | -313 | -110 | |
Net cash provided by (used in) operating activities | ||||||
18,861 | 98 | -21,129 | -21,608 | -19,351 | -20,395 | |
Investing Activities: | ||||||
Purchases of property and equipment | ||||||
10,243 | 11,132 | 15,750 | 7,021 | 6,696 | 2,440 | |
Purchases of intangible assets | ||||||
- | - | 310 | 721 | - | 6 | |
Proceeds from sale of property and equipment | ||||||
103 | 88 | 76 | 63 | 64 | 37 | |
Purchases of marketable securities | ||||||
28,259 | 113,860 | 11,085 | 28,752 | 1,456 | 1,155 | |
Maturities of marketable securities | ||||||
63,000 | 61,600 | 29,300 | 5,125 | 1,619 | 3,415 | |
Sale of marketable securities | ||||||
8,786 | - | - | - | - | 10,402 | |
Business acquisitions, net of cash received | ||||||
54,963 | - | - | - | - | - | |
Acquisition of 12 Spokes | ||||||
- | - | - | - | - | 250 | |
Net cash provided by (used in) investing activities | ||||||
-21,576 | -63,304 | 2,231 | -31,306 | -6,469 | 10,003 | |
Financing Activities: | ||||||
Proceeds from common stock offerings, net of offering costs | ||||||
- | 109,789 | - | - | - | - | |
IPO proceeds, net of offering costs paid of $3,261 | ||||||
- | - | - | - | 72,032 | - | |
Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs of $0, $0 and $103 in the years ended December 31, 2016, 2015 and 2014, respectively | ||||||
- | - | - | - | - | 39,897 | |
Proceeds from exercise of redeemable convertible preferred stock warrants | ||||||
- | - | - | - | 250 | - | |
Proceeds from issuance of common stock from employee equity plans | ||||||
12,868 | 12,467 | 10,375 | 7,009 | 349 | 751 | |
Shares repurchased for tax withholdings on vesting of restricted stock | ||||||
3,237 | 405 | 292 | 27 | - | - | |
Payments for financing costs | ||||||
- | 18 | 31 | - | 32 | 80 | |
Repayment of capital lease obligations | ||||||
- | - | - | - | 223 | 271 | |
Excess tax benefit for stock-based compensation | ||||||
- | - | - | - | - | 872 | |
Net cash provided by financing activities | ||||||
9,631 | 121,833 | 10,052 | 6,982 | 72,376 | 41,169 | |
Net increase (decrease) in cash and cash equivalents | ||||||
6,916 | 58,627 | -8,846 | -45,932 | 46,556 | 30,777 | |
Supplemental cash flow disclosure: | ||||||
Cash paid for taxes | ||||||
247 | 198 | 276 | 163 | 67 | 11 | |
Cash paid for interest | ||||||
- | - | - | - | 19 | 51 | |
Non-cash investing and financing activities: | ||||||
Conversion of redeemable convertible preferred stock to common stock | ||||||
- | - | - | - | -93,770 | - | |
Leasehold improvements | ||||||
- | - | - | - | 23 | - | |
Issuance of common stock for exercise of common stock warrant | ||||||
- | - | - | 244 | - | - | |
Capital expenditures incurred but not yet paid | ||||||
316 | 373 | 274 | 174 | 138 | 33 | |
Line of credit financing costs | ||||||
- | - | - | - | - | 58 | |
Issuance of common stock for acquisitions | ||||||
30,012 | - | 18,451 | - | - | 104 | |
Consideration not yet paid in connection with the acquisition of Portfolium, net | ||||||
50 | - | - | - | - | - | |
Deemed dividends to investors | ||||||
- | - | - | - | 632 | - | |
Vesting of common stock subject to repurchase | ||||||
- | - | - | 25 | 48 | 149 | |