| Feb'20 | Jan'19 | Jan'18 | Jan'17 | Jan'16 | Jan'15 | Jan'14 |
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||
Net loss | ||||||
-200,987 | -178,362 | -159,878 | -221,532 | -213,752 | -183,231 | -78,561 |
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
89,710 | 70,878 | 61,744 | 50,203 | 32,254 | 15,392 | 4,431 |
Amortization of debt discount and debt issuance costs | ||||||
27,179 | 21,031 | 0 | 0 | - | - | - |
Stock-based compensation expense | ||||||
226,705 | 210,645 | 150,673 | 116,668 | 58,225 | 25,399 | 8,298 |
Deferred income tax | ||||||
- | - | - | -308 | - | - | - |
Contribution of common stock to the Pure Good Foundation | ||||||
- | - | - | - | 11,900 | 0 | 0 |
Other | ||||||
-1,336 | 5,039 | -2,054 | -1,892 | 1,093 | -277 | -92 |
Changes in operating assets and liabilities, net of effects of acquisitions: | ||||||
Accounts receivable, net | ||||||
79,442 | 135,649 | 74,505 | 44,049 | 67,292 | 44,197 | 12,038 |
Inventory | ||||||
-2,393 | 12,289 | 12,595 | 3,776 | -1,481 | 13,713 | 5,077 |
Deferred commissions | ||||||
24,231 | 27,660 | 27,978 | 13,080 | 13,021 | 9,838 | 7,129 |
Prepaid expenses and other assets | ||||||
16,734 | 6,972 | 23,799 | 6,133 | 8,704 | 6,550 | 4,400 |
Operating lease right-of-use assets | ||||||
26,511 | - | - | - | - | - | - |
Accounts payable | ||||||
-18,856 | 14,293 | 29,278 | 10,644 | 24,901 | 3,474 | 5,243 |
Accrued compensation and other liabilities | ||||||
20,296 | 51,810 | 26,622 | 19,381 | 24,710 | 12,450 | 6,771 |
Operating lease liabilities | ||||||
25,377 | - | - | - | - | - | - |
Deferred revenue | ||||||
161,071 | 161,737 | 101,140 | 75,728 | 142,535 | 56,842 | 15,141 |
Net cash provided by operating activities | ||||||
189,574 | 164,423 | 72,756 | -14,362 | -7,856 | -143,695 | -67,229 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||
Purchases of property and equipment | ||||||
87,847 | 100,246 | 65,060 | 76,773 | 39,355 | 42,227 | 12,273 |
Acquisitions, net of cash acquired | ||||||
51,594 | 13,899 | 0 | 0 | - | - | - |
Purchase of other investment | ||||||
0 | 5,000 | 0 | 0 | - | - | - |
Purchase of intangible assets | ||||||
9,000 | 0 | 0 | 1,000 | 0 | 9,125 | 0 |
Purchases of marketable securities | ||||||
795,580 | 665,357 | 202,656 | 526,717 | 0 | 0 | - |
Sales of marketable securities | ||||||
200,251 | 19,878 | 66,489 | 114,354 | 0 | 0 | - |
Maturities of marketable securities | ||||||
419,059 | 253,280 | 144,068 | 48,513 | 0 | 0 | - |
Net increase in restricted cash | ||||||
- | - | - | - | 2,485 | 1,613 | 3,034 |
Net cash used in investing activities | ||||||
-324,711 | -511,344 | -57,159 | -441,623 | -41,840 | -52,965 | -15,307 |
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||
Proceeds from initial public offering, net of issuance costs | ||||||
- | - | - | - | 459,425 | 0 | 0 |
Proceeds from issuance of convertible preferred stock, net of issuance costs | ||||||
- | - | - | - | - | 280,970 | 167,833 |
Net proceeds from exercise of stock options | ||||||
42,899 | 47,771 | 24,677 | 14,912 | 6,008 | 7,665 | 2,670 |
Proceeds from issuance of common stock under employee stock purchase plan | ||||||
43,298 | 33,444 | 22,137 | 25,606 | 0 | 0 | - |
Proceeds from issuance of convertible senior notes, net of issuance costs | ||||||
0 | 562,062 | 0 | 0 | - | - | - |
Payment for purchase of capped calls | ||||||
0 | 64,630 | 0 | 0 | 3,702 | 33 | 0 |
Repayment of debt assumed from acquisitions | ||||||
11,555 | 6,101 | 0 | 0 | - | - | - |
Tax withholding on vesting of restricted stock | ||||||
10,379 | 632 | 0 | 0 | - | - | - |
Repurchases of common stock | ||||||
15,017 | 20,000 | 0 | 0 | - | 30,120 | 7,202 |
Net cash provided by financing activities | ||||||
49,246 | 551,914 | 46,814 | 40,518 | 461,731 | 258,482 | 163,301 |
Net increase (decrease) in cash, cash equivalents and restricted cash | ||||||
-85,891 | 204,993 | 62,411 | -415,467 | 412,035 | 61,822 | 80,765 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | ||||||
Cash paid for interest | ||||||
718 | 371 | 0 | 0 | - | - | - |
Cash paid for income taxes | ||||||
4,824 | 4,696 | 3,090 | 2,866 | 1,118 | 429 | 87 |
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING INFORMATION | ||||||
Conversion of convertible preferred stock to common stock upon initial public offering | ||||||
- | - | - | - | 543,940 | 0 | 0 |
Property and equipment purchased but not yet paid | ||||||
6,814 | 13,873 | 9,940 | 7,414 | 6,212 | 1,323 | 1,224 |
Acquisition consideration held back to satisfy potential indemnification claims | ||||||
0 | 3,725 | 0 | 0 | - | - | - |
Cashless exercise of stock options during tender offer | ||||||
- | - | - | - | - | 2,057 | 640 |
Vesting of early exercised stock options | ||||||
0 | 320 | 1,042 | 3,399 | 1,725 | 1,162 | 192 |
Unpaid deferred offering costs | ||||||
- | - | - | - | 546 | 55 | 0 |