| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Jan'13 | Dec'12 | Jan'12 | Jan'11 | Jan'10 |
|---|---|---|---|---|---|---|---|---|---|
Operating activities | |||||||||
Net loss | |||||||||
-518,395 | -342,978 | -169,661 | -30,406 | -27,017 | -38,148 | -24,462 | -16,107 | -1,764 | -16,753 |
Adjustments to reconcile net loss to net cash used in operating activities | |||||||||
Goodwill impairment | |||||||||
131,997 | 0 | 0 | - | - | - | - | - | - | - |
Loss on dispositions | |||||||||
-9,378 | 0 | 0 | - | - | - | - | - | - | - |
Depreciation and amortization | |||||||||
62,948 | 60,757 | 24,458 | 15,431 | 10,112 | 7,076 | 6,406 | 4,455 | 1,578 | 1,143 |
Loss on retirement of fixed assets | |||||||||
- | - | - | - | - | -23 | -23 | -296 | 15 | -219 |
Stock-based compensation | |||||||||
128,431 | 138,458 | 111,645 | 87,055 | 40,041 | 25,500 | 23,283 | 9,187 | 1,612 | 477 |
Amortization (accretion) of premium on investments | |||||||||
-81 | -405 | -1,911 | 2,833 | 237 | 360 | 329 | 246 | - | - |
Accretion of discount on convertible promissory note receivable | |||||||||
687 | 0 | 0 | - | - | - | - | - | - | - |
Remeasurement of preferred stock warrants | |||||||||
- | - | - | - | - | - | - | 4,499 | 869 | 239 |
Other operating activities | |||||||||
447 | 881 | 196 | 1,366 | 220 | - | - | - | - | - |
Amortization of debt discount | |||||||||
20,153 | 18,315 | 1,084 | 0 | 0 | 264 | 242 | 190 | 4 | 2 |
Interest income | |||||||||
1,081 | 0 | 0 | - | - | - | - | - | - | - |
Provision for bad debt | |||||||||
12,211 | 3,522 | 1,938 | - | - | - | - | - | - | - |
Changes in restricted cash | |||||||||
1,257 | 0 | 0 | - | - | - | - | - | - | - |
Excess tax benefit from stock-based awards | |||||||||
- | - | - | 348 | 0 | 0 | 0 | - | - | - |
Changes in operating assets and liabilities | |||||||||
Accounts receivable | |||||||||
36,760 | 35,710 | 55,904 | 55,478 | 60,613 | 36,672 | 43,487 | 24,526 | 22,979 | 14,873 |
Prepaid content acquisition costs | |||||||||
9,358 | 44,211 | 1,399 | 700 | - | - | - | - | - | - |
Prepaid expenses and other assets | |||||||||
16,566 | 12,321 | 17,519 | 8,519 | 7,891 | 3,752 | 2,189 | -156 | 2,421 | 1,955 |
Accounts payable, accrued and other current liabilities | |||||||||
9,053 | 5,294 | 18,080 | 4,830 | 11,745 | 4,963 | 10,419 | -865 | 5,482 | 1 |
Accrued content acquisition costs | |||||||||
4,016 | -3,668 | 23,736 | 7,608 | 13,027 | 19,261 | 17,525 | 15,742 | 9,036 | -2,235 |
Accrued compensation | |||||||||
-10,679 | 15,364 | 7,378 | 13,736 | -3,393 | 9,598 | 2,085 | 8,147 | 2,375 | 709 |
Other long-term liabilities | |||||||||
-3,007 | 1,384 | 6,005 | 7,690 | 5,607 | - | - | - | - | - |
Deferred revenue | |||||||||
3,105 | 8,420 | 4,946 | -28,238 | 13,384 | 10,034 | 10,285 | 3,322 | 9,763 | 5,552 |
Reimbursement of cost of leasehold improvements | |||||||||
-5,261 | -4,397 | -1,024 | -4,169 | -1,555 | 1,243 | 1,243 | 616 | - | - |
Net cash used in operating activities | |||||||||
-210,709 | -181,691 | -42,082 | 21,029 | -2,986 | -250 | 1,702 | 5,358 | 3,540 | -27,474 |
Investing activities | |||||||||
Purchases of property and equipment | |||||||||
15,656 | 59,769 | 23,512 | 25,465 | 21,180 | 7,580 | 11,809 | 11,644 | 8,211 | 1,892 |
Internal-use software costs | |||||||||
20,157 | 30,210 | 8,562 | 4,574 | - | - | - | - | - | - |
Payments related to acquisition, net of cash acquired | |||||||||
0 | 676 | 269,566 | 0 | 400 | 0 | 0 | - | - | - |
Proceeds from maturities of short-term investments | |||||||||
- | - | - | - | - | - | - | 19,984 | - | - |
Changes in restricted cash | |||||||||
642 | 250 | 0 | 0 | - | - | - | - | - | -323 |
Purchases of patents | |||||||||
- | - | - | - | 8,000 | 0 | 0 | - | - | - |
Purchases of investments | |||||||||
0 | 12,413 | 140,980 | 340,679 | 224,549 | 65,168 | 59,559 | 66,890 | - | - |
Proceeds from maturities of investments | |||||||||
42,082 | 47,656 | 228,998 | 258,518 | 42,210 | 87,933 | 79,603 | - | - | - |
Proceeds from sales of investments | |||||||||
0 | 3,507 | 111,356 | 0 | 0 | - | - | - | - | - |
Proceeds from sales of subsidiaries, net of cash | |||||||||
124,319 | 0 | 0 | - | - | - | - | - | - | - |
Proceeds from issuance of common stock to directors for cash | |||||||||
- | - | - | - | - | - | - | - | 3,800 | - |
Proceeds from exercise of stock options | |||||||||
9,778 | 3,457 | 5,192 | - | - | - | - | - | 1,705 | - |
Net cash provided by (used in) investing activities | |||||||||
129,946 | -52,155 | -102,266 | -112,200 | -211,919 | 15,185 | 8,235 | -58,550 | -8,211 | -1,569 |
Financing activities | |||||||||
Proceeds from exercise of preferred stock warrants | |||||||||
- | - | - | - | - | - | - | 165 | - | - |
Proceeds from issuance of redeemable convertible preferred stock | |||||||||
480,000 | 0 | 0 | - | - | - | - | - | 22,206 | 34,124 |
Proceeds from initial public offering, net | |||||||||
- | - | - | - | - | - | - | 90,632 | - | - |
Payment of dividends to preferred stockholders at initial public offering | |||||||||
- | - | - | - | - | - | - | 31,005 | - | - |
Payments of issuance costs | |||||||||
30,511 | 32 | 8,909 | 0 | 450 | 0 | 0 | - | - | - |
Proceeds from issuance of convertible notes | |||||||||
0 | 0 | 345,000 | 0 | 0 | - | - | - | - | - |
Payments for purchase of capped call | |||||||||
0 | 0 | 43,160 | 0 | 0 | - | - | - | - | - |
Repayment of debt arrangements | |||||||||
90,000 | 0 | 0 | - | - | - | - | - | - | - |
Borrowings under debt arrangements | |||||||||
0 | 90,000 | 0 | 0 | 10,000 | 0 | 0 | - | 3,644 | 7,650 |
Proceeds from employee stock purchase plan | |||||||||
10,926 | 9,701 | 7,552 | 6,438 | 0 | 0 | 0 | - | - | - |
Repayments of debt | |||||||||
- | - | - | - | 10,000 | 0 | 0 | 7,596 | 392 | 6,297 |
Proceeds from follow-on offering, net of issuance costs | |||||||||
- | - | - | - | 378,654 | 0 | 0 | - | - | - |
Proceeds from exercise of stock options | |||||||||
- | - | - | 16,894 | 17,273 | 6,669 | 5,877 | 2,074 | 548 | 122 |
Tax withholdings related to net share settlements of restricted stock units | |||||||||
0 | 3,369 | 2,540 | 2,019 | 480 | 0 | 0 | - | - | - |
Proceeds from buyers in investor offer | |||||||||
- | - | - | - | - | - | - | - | 7,908 | - |
Payments to sellers in investor offer | |||||||||
- | - | - | - | - | - | - | - | 7,908 | - |
Excess tax benefit from stock-based awards | |||||||||
- | - | - | 348 | 0 | 0 | 0 | - | 44 | - |
Net cash provided by (used in) financing activities | |||||||||
380,193 | 99,757 | 303,135 | 21,661 | 394,997 | 6,669 | 5,877 | 54,270 | 31,555 | 35,599 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | |||||||||
223 | -634 | -77 | -288 | -62 | -5 | -1 | - | - | - |
Net increase (decrease) in cash, cash equivalents and restricted cash | |||||||||
299,653 | -134,723 | 158,710 | -69,798 | 180,030 | 21,599 | 15,813 | 1,078 | 26,884 | 6,556 |
Conversion of preferred stock warrants into common stock warrants | |||||||||
- | - | - | - | - | - | - | -2,151 | - | - |
Conversion of preferred stock into common stock | |||||||||
- | - | - | - | - | - | - | -124,341 | - | - |
Issuance of preferred stock warrants | |||||||||
- | - | - | - | - | - | - | - | - | 12 |
Issuance of Series B redeemable convertible preferred stock upon exercise of warrant | |||||||||
- | - | - | - | - | - | - | - | 142 | - |
Accruals of preferred stock dividends, net | |||||||||
- | - | - | - | - | - | - | 25,218 | -792 | 6,461 |
Deemed dividend on Series D and Series E redeemable convertible preferred stock | |||||||||
- | - | - | - | - | - | - | - | - | -1,443 |
Accretion of preferred stock issuance cost | |||||||||
- | - | - | - | - | - | - | 110 | 300 | 218 |
Supplemental disclosures of cash flow information | |||||||||
Purchases of property and equipment recorded in accounts payable and accrued liabilities | |||||||||
2,106 | 1,129 | 5,890 | 751 | 7,910 | 1,952 | 726 | - | - | - |
Cash paid during the period for income taxes | |||||||||
209 | 297 | 389 | 164 | 26 | 0 | 0 | 125 | - | - |
Cash paid during the period for interest | |||||||||
8,981 | 7,222 | 351 | 314 | 18 | 289 | 283 | 887 | 371 | 1,572 |
Fair value of shares issued related to the acquisition of a business | |||||||||
0 | 0 | 146,855 | 0 | 0 | - | - | - | - | - |
Accretion of preferred stock issuance costs | |||||||||
29,317 | 0 | 0 | - | - | - | - | - | - | - |
Stock dividend payable to preferred stockholders | |||||||||
10,849 | 0 | 0 | - | - | - | - | - | - | - |
Fair value of convertible promissory note receivable received as partial consideration for sale of subsidiary | |||||||||
36,203 | 0 | 0 | - | - | - | - | - | - | - |