| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Operating activities | ||||||
Net loss | ||||||
-514,000 | -384,700 | -255,900 | -216,211 | |||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Stock-based compensation | ||||||
81,122 | 72,565 | 40,055 | 39,360 | |||
Depreciation, Depletion and Amortization | ||||||
31,021 | 24,862 | 20,500 | 15,114 | |||
Amortization/accretion of investments | ||||||
3,742 | 1,866 | -1,086 | -2,478 | |||
Loss on disposal of property and equipment | ||||||
-316 | -891 | 0 | 0 | |||
Changes in assets and liabilities: | ||||||
Accounts receivable | ||||||
-6,654 | -195 | -1,476 | 8,642 | |||
Accounts receivable from related party | ||||||
-562 | -637 | 1,370 | -60,979 | |||
Prepaid expenses and other assets | ||||||
-9,751 | 5,289 | -579 | 7,887 | |||
Right-of-use assets, operating leases | ||||||
5,664 | - | - | - | |||
Accounts payable | ||||||
-23,964 | 15,017 | -12,766 | 5,993 | |||
Accrued liabilities | ||||||
-3,362 | 8,787 | 34,369 | 5,328 | |||
Deferred revenue | ||||||
-44,119 | -65,260 | -162,321 | 164,129 | |||
Deferred lease obligation | ||||||
0 | 2,420 | 2,932 | 3,828 | |||
Operating lease liabilities | ||||||
12,647 | - | - | - | |||
Other liabilities | ||||||
-6,169 | 910 | -145 | 1,977 | |||
Deferred Income Tax Expense (Benefit) | ||||||
- | - | - | 288 | |||
Net cash used in operating activities | ||||||
-458,968 | -330,865 | -331,484 | 66,734 | |||
Investing activities | ||||||
Purchases of marketable securities | ||||||
1,145,226 | 1,227,709 | 727,203 | 1,415,461 | |||
Proceeds from maturities of marketable securities | ||||||
993,181 | 783,373 | 800,438 | 675,200 | |||
Proceeds from sales of marketable securities | ||||||
168,654 | 177,008 | 402,530 | 133,700 | |||
Purchases of property and equipment | ||||||
31,554 | 105,766 | 58,401 | 33,144 | |||
Decrease (increase) in restricted cash | ||||||
- | - | - | 8,902 | |||
Net cash used in investing activities | ||||||
-14,945 | -373,094 | 417,364 | -648,607 | |||
Financing activities | ||||||
Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs | ||||||
0 | 661,111 | 0 | 473,532 | |||
Proceeds from initial public offering of common stock, net of issuance costs | ||||||
0 | 563,026 | 0 | 0 | |||
Repurchases of redeemable convertible preferred stock | ||||||
0 | 8,182 | 0 | 0 | |||
Repurchases of redeemable convertible preferred stock | ||||||
0 | 0 | 1,483 | 633 | |||
Proceeds from issuance of common stock through equity plans, net | ||||||
47,259 | 1,427 | 212 | 11 | |||
Proceeds from purchase of common stock under employee stock purchase plan | ||||||
2,891 | 0 | 0 | - | |||
Charges to financing lease obligation | ||||||
971 | - | - | - | |||
Reimbursement of assets under financing lease obligation | ||||||
0 | 11,635 | 2,724 | 0 | |||
Payments on financing lease obligation | ||||||
0 | 2,175 | 1,285 | 0 | |||
Net cash provided by financing activities | ||||||
51,121 | 1,226,842 | 168 | 472,910 | |||
Net increase (decrease) in cash, cash equivalents and restricted cash | ||||||
-422,792 | 522,883 | 86,048 | -108,963 | |||
Supplemental cash flow information | ||||||
Income taxes paid | ||||||
416 | 294 | 398 | 905 | |||
Interest in connection with financing lease obligation | ||||||
0 | 2,998 | 0 | 0 | |||
Non-cash investing and financing activities | ||||||
Issuance costs included in accounts payable and accrued liabilities | ||||||
0 | 2,638 | 152 | 89 | |||
Purchases of property and equipment included in accounts payable and accrued liabilities | ||||||
4,676 | 12,892 | 19,959 | 10,014 | |||
Leasehold improvements included in prepaid and other current assets | ||||||
0 | 10,089 | 1,748 | 0 | |||
Lease financing obligation | ||||||
0 | 10,089 | 1,748 | 12,500 | |||
Dividends and accretion of redeemable convertible preferred units | ||||||
- | - | - | 8,663 | |||
Tax distributions to members included in accounts payable and accrued liabilities | ||||||
- | - | - | 1,464 | |||