| Jan'20 | Jan'19 | Jan'18 | Jan'17 | Jan'16 | ||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net loss | ||||||
-208,913 | -125,497 | -109,849 | -75,056 | -76,302 | ||
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||||||
Stock-based compensation | ||||||
126,624 | 76,320 | 49,860 | 17,127 | 9,832 | ||
Depreciation, amortization and accretion | ||||||
17,815 | 8,001 | 7,001 | 4,568 | 2,889 | ||
Amortization of debt discount and issuance costs | ||||||
25,892 | 14,279 | 0 | 0 | - | ||
Amortization of deferred commissions | ||||||
28,588 | 20,852 | 15,180 | 10,466 | 8,438 | ||
Deferred income taxes | ||||||
-2,253 | -765 | -534 | 0 | 0 | ||
Impairment of Intangible Assets, Finite-lived | ||||||
119 | 0 | 1,100 | 0 | 0 | ||
Non-cash charitable contributions | ||||||
1,746 | 1,008 | 708 | 129 | 0 | ||
Gain (Loss) on Extinguishment of Debt | ||||||
-14,572 | 0 | 0 | - | - | ||
Other, net | ||||||
130 | -640 | -719 | -575 | -934 | ||
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
37,515 | 39,682 | 18,321 | 11,993 | 10,668 | ||
Deferred commissions | ||||||
-61,224 | -41,342 | -26,986 | -24,096 | -15,952 | ||
Prepaid expenses and other assets | ||||||
4,080 | 10,334 | 9,400 | 3,224 | 1,056 | ||
Operating lease right-of-use assets | ||||||
-12,951 | -17,239 | -7,776 | - | - | ||
Accounts payable | ||||||
1,689 | -1,437 | -2,464 | 1,529 | 962 | ||
Accrued compensation | ||||||
23,034 | 7,429 | 3,582 | 1,967 | 3,340 | ||
Accrued expenses and other liabilities | ||||||
9,972 | 5,800 | 5,801 | 2,387 | 3,929 | ||
Operating lease liabilities | ||||||
-9,716 | -6,642 | -7,087 | - | - | ||
Deferred revenue | ||||||
116,432 | 89,303 | 57,660 | 33,520 | 32,118 | ||
Net cash provided by (used in) operating activities | ||||||
55,603 | 15,172 | -25,240 | -42,101 | -41,536 | ||
Cash flows from investing activities: | ||||||
Capitalization of internal-use software costs | ||||||
3,888 | 2,851 | 5,431 | - | - | ||
Purchases of property and equipment | ||||||
15,442 | 19,811 | 6,550 | 6,253 | 4,093 | ||
Proceeds from sales of property and equipment | ||||||
0 | 740 | 0 | 0 | - | ||
Purchases of securities available for sale and other | ||||||
999,387 | 631,488 | 129,086 | 0 | 46,360 | ||
Proceeds from maturities and redemption of securities available for sale | ||||||
356,277 | 298,650 | 39,825 | 12,500 | 41,576 | ||
Proceeds from sales of securities available for sale and other | ||||||
27,271 | 173,072 | 1,538 | 6,207 | 12,645 | ||
Purchase of intangible assets | ||||||
8,589 | 0 | 0 | 5,489 | 2,608 | ||
Payments to Acquire Businesses, Net of Cash Acquired | ||||||
44,283 | 15,632 | 0 | 0 | - | ||
Net cash used in investing activities | ||||||
-688,041 | -197,320 | -99,704 | 6,965 | 1,160 | ||
Cash flows from financing activities: | ||||||
Proceeds from initial public offering, net of underwriters' discounts and commissions | ||||||
0 | 0 | 199,948 | 0 | 0 | ||
Proceeds from issuance of convertible senior notes, net of issuance costs | ||||||
1,040,660 | 334,980 | 0 | 0 | - | ||
Payments for repurchases of 2023 convertible senior notes | ||||||
224,414 | 0 | 0 | - | - | ||
Purchases of hedges related to 2023 convertible senior notes | ||||||
0 | 80,040 | 0 | 0 | - | ||
Proceeds from hedges related to 2023 convertible senior notes | ||||||
405,851 | 0 | 0 | - | - | ||
Proceeds from issuance of warrants related to 2023 convertible senior notes | ||||||
0 | 52,440 | 0 | 0 | - | ||
Payments for warrants related to 2023 convertible senior notes | ||||||
358,622 | 0 | 0 | - | - | ||
Purchases of capped calls related to 2025 convertible senior notes | ||||||
74,094 | 0 | 0 | - | - | ||
Payments of deferred offering costs | ||||||
0 | 0 | 4,038 | 1,584 | 0 | ||
Proceeds from stock option exercises, net of repurchases | ||||||
45,363 | 36,861 | 33,646 | 2,437 | 3,630 | ||
Proceeds from issuance of convertible redeemable preferred stock, net of issuance costs | ||||||
- | - | - | 0 | 73,424 | ||
Proceeds from shares issued in connection with employee stock purchase plan | ||||||
18,767 | 13,727 | 8,369 | 0 | 0 | ||
Other, net | ||||||
-126 | -206 | -517 | -396 | -213 | ||
Net cash provided by financing activities | ||||||
853,385 | 357,762 | 237,408 | 457 | 76,841 | ||
Effects of changes in foreign currency exchange rates on cash, cash equivalents and restricted cash | ||||||
-209 | -632 | 487 | -120 | -42 | ||
Net increase in cash, cash equivalents and restricted cash | ||||||
220,738 | 174,982 | 112,951 | -34,799 | 36,423 | ||
Supplementary cash flow disclosure: | ||||||
Cash paid during the period for: | ||||||
Interest | ||||||
862 | 403 | 19 | - | - | ||
Income taxes | ||||||
1,123 | 514 | 747 | 0 | 0 | ||
Non-cash investing and financing activities: | ||||||
Issuance of common stock for repurchases of 2023 convertible senior notes | ||||||
380,406 | 0 | 0 | - | - | ||
Vesting of early exercised common stock options | ||||||
370 | 763 | 1,335 | 1,297 | 1,014 | ||
Issuance of common stock in connection with warrant exercises | ||||||
0 | 0 | 272 | 0 | 0 | ||
Stock Issued During Period, Value, New Issues, Charitable Contribution | ||||||
1,746 | 1,008 | 708 | 129 | 132 | ||
Operating lease right-of-use assets exchanged for lease obligations | ||||||
16,832 | 127,575 | 44,668 | - | - | ||
Assets acquired under financing arrangement | ||||||
- | - | - | 386 | 853 | ||
Deferred offering costs, accrued but not yet paid | ||||||
- | - | - | 2,106 | 368 | ||
Property and equipment acquired through tenant improvement allowances | ||||||
304 | 22,236 | 0 | 1,332 | 0 | ||
Property and equipment and other accrued but not yet paid | ||||||
855 | 7,225 | 111 | 1,367 | 317 | ||
Bonus settled through the issuance of common stock | ||||||
2,809 | 0 | 0 | - | - | ||
Issuance of common stock in connection with business combination | ||||||
0 | 0 | 2,160 | 0 | 0 | ||
Conversion of redeemable convertible preferred stock to common stock | ||||||
0 | 0 | 228,362 | 0 | 0 | ||