| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Jun'11 | Jun'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net Income (Loss) Attributable to Parent | |||||||||
626,698 | -26,704 | -116,846 | -414,249 | -198,426 | -179,387 | -73,708 | -37,348 | 9,830 | -29,705 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||||||||
Depreciation and amortization | |||||||||
252,114 | 149,604 | 113,875 | 83,082 | 60,356 | 42,059 | 24,152 | 13,506 | 1,472 | 369 |
Amortization of premiums on investments | |||||||||
- | - | - | - | -7,064 | -8,084 | -4,758 | -1,337 | 0 | 0 |
Amortization of deferred commissions | |||||||||
168,014 | 143,358 | 99,105 | 69,565 | 65,541 | 51,270 | 29,364 | 13,710 | 4,023 | 2,189 |
Amortization of Debt Issuance Costs and Discounts | |||||||||
33,283 | 52,733 | 53,394 | 33,278 | 31,097 | 29,059 | 3,498 | 0 | 0 | - |
Stock-based compensation | |||||||||
662,195 | 543,953 | 394,004 | 317,654 | 257,713 | 154,319 | 65,581 | 27,937 | 2,954 | 545 |
Deferred income taxes | |||||||||
575,765 | 34,180 | 5,724 | 658 | 1,282 | 1,198 | 231 | 746 | 0 | 0 |
Gain on marketable equity securities | |||||||||
0 | 19,257 | 0 | 0 | - | - | - | - | - | - |
Repayments of convertible senior notes attributable to debt discount | |||||||||
0 | 145,349 | 0 | 0 | - | - | - | - | - | - |
Other | |||||||||
-8,921 | 6,177 | -905 | 3,764 | -6,223 | -4,469 | 558 | 2,850 | 60 | - |
Expense for preferred stock warrants | |||||||||
- | - | - | - | - | - | - | - | - | 702 |
Bad debt expense | |||||||||
- | - | - | - | - | - | - | - | - | 64 |
(Gain) Loss on disposal of property and equipment | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Lease abandonment costs | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Changes in operating assets and liabilities, net of effect of business combinations: | |||||||||
Accounts receivable | |||||||||
259,835 | 146,148 | 99,693 | 126,415 | 50,855 | 56,785 | 29,506 | 33,341 | 14,762 | 5,176 |
Deferred commissions | |||||||||
255,605 | 239,382 | 190,246 | 151,921 | 80,142 | 73,786 | 54,943 | 29,175 | 5,568 | 5,271 |
Prepaid expenses and other assets | |||||||||
29,907 | 19,886 | 34,288 | 24,164 | 10,961 | 5,540 | -3,471 | 2,904 | 3,180 | 4,851 |
Other assets | |||||||||
- | - | - | - | - | - | - | - | - | 91 |
Accounts payable | |||||||||
21,355 | -4,757 | -5,504 | -3,554 | 14,785 | 10,223 | -252 | 4,887 | 254 | 912 |
Deferred revenue | |||||||||
537,249 | 468,856 | 369,242 | 285,139 | 195,900 | 168,393 | 94,405 | 64,845 | 33,915 | 23,953 |
Deferred rent | |||||||||
- | - | - | - | - | - | - | - | - | -85 |
Accrued expenses and other liabilities | |||||||||
65,097 | 82,071 | 66,526 | 87,560 | 33,187 | -1,305 | 16,257 | 24,902 | 8,608 | 8,901 |
Other long-term liabilities | |||||||||
- | - | - | - | - | - | - | - | - | 12 |
Net cash provided by operating activities | |||||||||
1,235,972 | 811,089 | 642,940 | 159,081 | 317,754 | 140,937 | 81,746 | 48,766 | 37,468 | -7,532 |
Cash flows from investing activities: | |||||||||
Purchases of property and equipment | |||||||||
264,892 | 224,462 | 150,510 | 105,562 | 87,481 | 54,379 | 55,321 | 42,066 | 8,733 | 1,584 |
Business combinations, net of cash acquired | |||||||||
7,414 | 37,440 | 58,203 | 34,297 | 1,100 | 99,813 | 13,330 | 0 | - | - |
Purchases of other intangibles | |||||||||
72,689 | 24,400 | 6,670 | 18,750 | 1,750 | 0 | 0 | - | - | - |
Acquisition, net of cash acquired | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Purchases of investments | |||||||||
1,595,667 | 1,295,782 | 1,194,261 | 518,664 | 712,782 | 521,393 | 570,679 | 240,626 | 0 | 0 |
Purchases of strategic investments | |||||||||
- | - | - | 500 | 10,500 | 0 | 0 | - | - | - |
Sales of investments | |||||||||
33,503 | 39,975 | 85,106 | 297,998 | 277,045 | 166,997 | 55,158 | 1,025 | 0 | 0 |
Realized gains on derivatives not designated as hedging instruments, net | |||||||||
23,435 | 0 | 0 | - | - | - | - | - | - | - |
Maturities of investments | |||||||||
1,159,247 | 1,194,687 | 440,590 | 271,537 | 305,047 | 191,715 | 181,554 | 42,473 | 0 | 0 |
Restricted cash | |||||||||
- | - | - | - | - | 55 | 177 | -45 | -350 | -129 |
Net cash used in investing activities | |||||||||
-724,477 | -347,422 | -883,948 | -108,238 | -231,521 | -316,928 | -402,795 | -239,149 | -8,383 | -1,455 |
Cash flows from financing activities: | |||||||||
Net proceeds from (offering costs paid in connection with) follow-on offering | |||||||||
- | - | - | - | - | - | -698 | - | 0 | - |
Net proceeds from borrowings on convertible senior notes | |||||||||
0 | 0 | 772,127 | 0 | 0 | - | 562,941 | 0 | 0 | - |
Repayments of convertible senior notes attributable to principal | |||||||||
9 | 429,645 | 4 | 0 | - | - | - | - | - | - |
Principal payments on convertible senior notes | |||||||||
- | - | - | - | 0 | - | - | - | - | - |
Proceeds from issuance of warrants | |||||||||
0 | 0 | 54,071 | 0 | 0 | - | 84,525 | 0 | 0 | - |
Payments for Hedge, Financing Activities | |||||||||
0 | 0 | 128,017 | 0 | 0 | - | 135,815 | 0 | 0 | - |
Net proceeds from issuance of convertible preferred stock | |||||||||
- | - | - | - | - | - | - | - | - | 51,245 |
Net proceeds from issuance of common stock | |||||||||
- | - | - | - | - | - | - | 17,848 | 0 | 0 |
Purchases of common stock and restricted stock from stockholders | |||||||||
- | - | - | - | - | - | - | 1,960 | 0 | 20,814 |
Repurchases and retirement of common stock | |||||||||
0 | 0 | 55,000 | 0 | 0 | - | - | - | - | - |
Proceeds from employee stock plans | |||||||||
107,868 | 104,160 | 82,567 | 66,378 | 93,348 | 69,396 | 55,959 | 3,912 | - | 0 |
Property and equipment acquired under capital leases | |||||||||
- | - | - | - | - | - | - | - | - | 25 |
Exercise of stock options included in prepaid and other assets | |||||||||
- | - | - | - | - | - | - | 1,089 | 0 | 0 |
Vesting of early exercised stock options | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Accretion of preferred stock dividends and issuance costs | |||||||||
- | - | - | - | - | - | - | - | - | 640 |
Offering costs not yet paid | |||||||||
- | - | - | - | - | - | - | 711 | 0 | 0 |
Taxes paid related to net share settlement of equity awards | |||||||||
409,715 | 281,010 | 181,938 | 119,907 | 12,795 | 661 | 0 | 5,300 | - | - |
Net proceeds from initial public offering | |||||||||
- | - | - | - | - | - | - | 169,784 | 0 | 0 |
Payments on financing obligations | |||||||||
0 | -933 | -4,914 | -2,223 | -223 | 0 | 0 | 50,561 | - | - |
Net cash used in financing activities | |||||||||
-301,856 | -607,428 | 538,892 | -55,752 | 80,330 | 68,735 | 568,570 | 241,839 | 1,227 | 30,672 |
Foreign currency effect on cash, cash equivalents and restricted cash | |||||||||
-186 | -15,530 | 28,013 | -5,945 | -6,513 | -6,592 | -207 | -555 | 139 | -71 |
Net increase in cash, cash equivalents and restricted cash | |||||||||
209,453 | -159,291 | 325,897 | -10,854 | 160,050 | -113,848 | 247,314 | 50,901 | 30,451 | 21,614 |
Supplemental disclosures of other cash flow information: | |||||||||
Interest paid | |||||||||
- | - | - | - | - | - | - | - | - | 10 |
Income taxes paid, net of refunds | |||||||||
20,471 | 17,507 | 7,899 | 4,338 | 3,630 | 12,604 | 920 | 1,524 | 1,403 | 4 |
Non-cash investing and financing activities: | |||||||||
Settlement of 2022 Notes conversion feature | |||||||||
0 | 773,302 | 0 | 0 | - | - | - | - | - | - |
Benefit from exercise of 2022 Note Hedge | |||||||||
0 | 766,858 | 0 | 0 | - | - | - | - | - | - |
Conversion of preferred stock to common stock | |||||||||
- | - | - | - | - | - | - | 68,480 | 0 | 0 |
Property and equipment included in accounts payable and accrued expenses | |||||||||
56,966 | 25,767 | 15,007 | 15,381 | 14,427 | 10,313 | 3,741 | 1,234 | 756 | 196 |
Purchases of intangible assets included in accrued expenses and other liabilities | |||||||||
0 | 8,500 | 6,750 | 6,210 | 0 | - | - | - | - | - |
Financing obligation for purchases of other intangibles | |||||||||
- | - | - | - | 0 | 0 | - | - | - | - |
Financing obligation for property and equipment | |||||||||
- | - | - | - | - | 6,161 | 0 | - | - | - |