| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | |||||||||
Net loss | |||||||||
-130,265 | -103,749 | -69,802 | -96,487 | -98,712 | -60,117 | -27,531 | -20,360 | -20,141 | -20,865 |
Adjustments to reconcile net loss to net cash provided by operating activities: | |||||||||
Depreciation and amortization | |||||||||
80,332 | 73,553 | 42,098 | 31,552 | 24,900 | 17,823 | 9,967 | 7,710 | 7,684 | 7,643 |
Loss on disposal of property and equipment | |||||||||
- | - | - | - | - | -2 | -2 | 0 | 0 | 11 |
Accretion of investments | |||||||||
- | - | - | - | - | -312 | -575 | -520 | 0 | 0 |
Allowance for Doubtful Accounts Receivable, Recoveries | |||||||||
- | - | - | - | - | 175 | 40 | 54 | -8 | 44 |
Stock issued for services | |||||||||
- | - | - | - | - | - | - | - | - | 29 |
Stock-based compensation | |||||||||
176,325 | 142,708 | 97,460 | 78,696 | 60,094 | 31,004 | 12,083 | 7,321 | 4,548 | 3,365 |
Change in fair value of warrant liability | |||||||||
- | - | - | - | - | - | - | - | -66 | 73 |
Change in fair value of contingent consideration | |||||||||
0 | -79 | -1,533 | -669 | 0 | 5 | 9 | 0 | 208 | 297 |
Amortization of debt issuance costs and accretion of debt discount | |||||||||
11,708 | 8,383 | 21,789 | 20,842 | 14,933 | 8,753 | 489 | 0 | 0 | - |
Amortization of deferred commissions | |||||||||
50,415 | 37,076 | 28,476 | 22,704 | 21,899 | - | - | - | - | - |
Noncash lease costs | |||||||||
23,339 | 0 | 0 | - | - | - | - | - | - | - |
Foreign Currency Transaction Gain (Loss), before Tax | |||||||||
- | - | - | - | - | -2,182 | - | - | - | - |
Loss on conversion of convertible notes | |||||||||
0 | -7,207 | -2,696 | 0 | 0 | - | - | - | - | - |
Deferred income taxes | |||||||||
-2,371 | -15,258 | -15,953 | 119 | 67 | 691 | 3,458 | 0 | 0 | - |
Other | |||||||||
-1,855 | -1,469 | 348 | -1,170 | -2,364 | - | - | - | - | - |
Changes in assets and liabilities: | |||||||||
Accounts receivable | |||||||||
62,239 | 81,890 | 31,744 | 18,721 | 13,042 | 15,510 | 4,500 | 2,380 | 2,702 | 3,116 |
Inventory | |||||||||
768 | -249 | 132 | 113 | -14 | -328 | 223 | -162 | 144 | -348 |
Deferred product costs | |||||||||
-1,203 | -302 | 338 | 402 | -388 | -791 | 149 | 1,280 | 2,779 | 1,610 |
Deferred commissions | |||||||||
80,590 | 66,254 | 45,910 | 37,446 | 29,641 | 4,122 | - | - | - | - |
Prepaid expenses | |||||||||
7,915 | 1,905 | 1,663 | 2,660 | 1,829 | 945 | -636 | -20 | 778 | 250 |
Other current assets | |||||||||
-57 | -2,155 | 139 | 1,472 | -104 | 351 | 248 | 954 | - | - |
Long-term assets | |||||||||
499 | -311 | 3,429 | -959 | -47 | 23 | 316 | -97 | -168 | 43 |
Accounts payable | |||||||||
-3,569 | 8,396 | -1,648 | 4,271 | 2,460 | 189 | 931 | -683 | 300 | 1,001 |
Accrued liabilities | |||||||||
33,191 | 17,184 | 14,539 | 6,044 | 4,448 | 3,995 | 1,883 | 3,485 | 722 | 1,759 |
Deferred rent | |||||||||
0 | -101 | 1,867 | 292 | -165 | 2,315 | -438 | -55 | 447 | -10 |
Operating lease liabilities | |||||||||
-24,529 | 0 | 0 | - | - | - | - | - | - | - |
Deferred revenue | |||||||||
179,234 | 155,591 | 116,724 | 84,752 | 58,951 | 38,093 | 22,575 | 10,619 | 7,084 | 11,755 |
Earn-out payment | |||||||||
- | - | - | - | - | 13 | 1 | 0 | 285 | 220 |
Net cash provided by operating activities | |||||||||
242,508 | 184,744 | 153,686 | 94,235 | 46,504 | 22,613 | 12,624 | 6,836 | -168 | 3,409 |
Cash flows from investing activities | |||||||||
Proceeds from maturities of short-term investments | |||||||||
93,838 | 66,080 | 102,556 | 123,405 | 39,056 | 11,353 | 59,046 | 15,264 | 2,791 | 5,149 |
Proceeds from sales of short-term investments | |||||||||
0 | 11,931 | 0 | 0 | - | - | - | - | - | - |
Purchase of short-term investments | |||||||||
90,955 | 78,688 | 96,741 | 114,686 | 64,537 | 37,805 | 20,376 | 60,095 | 5,080 | 1,418 |
Purchase of property and equipment | |||||||||
35,193 | 29,522 | 46,958 | 34,407 | 25,827 | 14,988 | 7,666 | 5,904 | 4,930 | 3,425 |
Payments to escrow account | |||||||||
- | - | - | 9,645 | 0 | 0 | - | - | - | - |
Receipt from escrow account | |||||||||
0 | 3,321 | 6,066 | 260 | 0 | 0 | - | - | - | - |
Acquisitions of business, net of cash and restricted cash acquired | |||||||||
317,155 | 223,786 | 155,350 | 54,119 | 51,481 | 53,680 | 40,972 | 0 | 134 | 0 |
Net cash provided by investing activities | |||||||||
-349,465 | -250,664 | -190,427 | -89,192 | -102,789 | -95,120 | -9,968 | -50,735 | -7,353 | 306 |
Cash flows from financing activities | |||||||||
Proceeds from issuance of common stock | |||||||||
28,091 | 27,579 | 25,725 | 21,779 | 18,583 | 17,640 | 16,367 | 6,143 | 1,199 | 1,211 |
Withholding taxes related to restricted stock net share settlement | |||||||||
66,006 | 60,706 | 42,823 | 25,588 | 18,108 | 4,170 | 0 | 83 | - | - |
Proceeds from issuance of convertible senior notes, net of costs | |||||||||
901,293 | 0 | 0 | - | 223,790 | 0 | 195,641 | 0 | 0 | 1,491 |
Purchase of capped calls | |||||||||
84,640 | 0 | 0 | - | - | - | - | - | - | - |
Proceeds from initial public offering, net of offering costs | |||||||||
- | - | - | - | - | - | - | 68,295 | 0 | 0 |
Payments of debt issuance costs | |||||||||
- | - | - | - | 371 | 191 | 0 | 0 | 4,925 | 0 |
Repayments of equipment loans and capital lease obligations | |||||||||
0 | 37 | 34 | 32 | 706 | 1,655 | 10,033 | 969 | 208 | 477 |
Repayment of convertible notes | |||||||||
0 | 142 | 14 | 0 | 0 | - | - | - | - | - |
Holdback payments for prior acquisitions | |||||||||
- | - | - | 1,397 | 0 | 741 | 0 | 0 | - | - |
Contingent consideration payments | |||||||||
0 | 555 | 6,066 | 0 | 0 | 487 | 99 | 0 | -715 | -780 |
Net cash used in financing activities | |||||||||
778,738 | -33,861 | -23,212 | -5,238 | 223,188 | 10,396 | 201,876 | 73,386 | 5,201 | 1,445 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | |||||||||
-26 | -727 | 1,076 | -545 | -963 | -1,338 | - | - | - | - |
Net increase in cash, cash equivalents and restricted cash | |||||||||
671,755 | -100,508 | -58,877 | -740 | 165,940 | -63,449 | 204,532 | 29,487 | -2,320 | 5,160 |
Supplemental disclosures of cash flow information | |||||||||
Cash paid for interest | |||||||||
0 | 1,249 | 4,236 | 4,250 | 3,381 | 2,582 | 148 | 49 | 97 | 63 |
Cash paid for taxes | |||||||||
10,770 | 120 | 5,311 | 893 | 672 | 491 | 385 | 370 | 210 | 206 |
Supplemental disclosure of noncash investing and financing activities | |||||||||
Common stock issued in connection with acquisition | |||||||||
- | - | - | - | - | - | - | - | 5,406 | 0 |
Fair value of vested restricted stock units assumed in connection with acquisition | |||||||||
- | - | - | - | - | - | - | - | 58 | 0 |
Issuance of Series B preferred stock upon net exercise of warrants | |||||||||
- | - | - | - | - | - | - | - | 91 | 0 |
Unpaid deferred offering costs | |||||||||
- | - | - | - | - | - | 195 | 0 | 967 | 0 |
Unpaid purchases of property and equipment and asset retirement obligations | |||||||||
3,483 | 2,706 | 3,349 | 6,035 | 4,906 | 2,576 | 1,039 | 659 | 931 | 136 |
Operating lease right-of-use assets exchanged for lease obligations | |||||||||
15,668 | 0 | 0 | - | - | - | - | - | - | - |
Liability awards converted to equity | |||||||||
12,651 | 8,870 | 8,307 | 6,059 | 1,745 | 0 | - | - | - | - |
Convertible senior notes converted to equity | |||||||||
0 | 213,306 | 193,153 | 0 | 0 | - | - | - | - | - |