| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
Operating Activities | ||||||
Net Income (Loss) Attributable to Parent | ||||||
-80,805 | -41,978 | -15,002 | -22,526 | -30,236 | ||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Depreciation and amortization | ||||||
9,230 | 8,465 | 7,176 | 6,293 | 4,395 | ||
Stock-based compensation | ||||||
27,814 | 20,438 | 11,101 | 8,413 | 5,562 | ||
Amortization of debt discount and issuance costs | ||||||
6,385 | 2,584 | 0 | 0 | - | ||
Non-cash lease expense | ||||||
6,940 | - | - | - | - | ||
Other | ||||||
-663 | 0 | 0 | - | - | ||
Change in assets and liabilities: | ||||||
Prepaid expenses | ||||||
- | - | - | -2,244 | 3,963 | ||
Accounts receivable, net | ||||||
3,861 | 2,029 | 2,709 | 5,021 | 2,685 | ||
Inventory | ||||||
51,896 | 19,312 | 3,382 | 0 | - | ||
Prepaid expenses and other assets | ||||||
3,539 | 5,725 | -4,450 | - | - | ||
Other current assets | ||||||
- | - | - | 8,778 | -721 | ||
Other assets | ||||||
- | - | - | 5,964 | 36 | ||
Accounts payable | ||||||
-394 | 617 | -252 | 638 | 152 | ||
Accrued liabilities and other payables | ||||||
7,459 | 4,509 | 5,115 | 6,581 | 3,890 | ||
Lease liabilities | ||||||
-7,209 | - | - | - | - | ||
Other payables | ||||||
- | - | - | 0 | - | ||
Deferred rent | ||||||
1 | -1,249 | 749 | 8,768 | -21 | ||
Origination of loans held for sale | ||||||
395,638 | 86,023 | 11,008 | 0 | 0 | ||
Proceeds from sale of loans originated as held for sale | ||||||
378,566 | 83,001 | 9,117 | 0 | 0 | ||
Net cash used in operating activities | ||||||
-107,610 | -36,702 | 5,355 | -9,352 | -22,221 | ||
Investing activities | ||||||
Purchases of short-term investments | ||||||
- | - | - | 1,744 | 1,550 | ||
Purchases of property and equipment | ||||||
15,533 | 8,303 | 12,113 | 13,567 | 4,607 | ||
Purchases of investments | ||||||
136,265 | 2,000 | 992 | - | - | ||
Sales of investments | ||||||
11,486 | 0 | 2,741 | - | - | ||
Maturities of investments | ||||||
24,400 | 0 | 0 | 1,744 | 1,590 | ||
Payments to Acquire Equity Securities FV-NI | ||||||
- | - | - | 0 | - | ||
Net cash used in investing activities | ||||||
-115,912 | -10,303 | -10,364 | -13,567 | -4,567 | ||
Financing activities | ||||||
Proceeds from follow-on offering, net | ||||||
- | - | - | 0 | 2,659 | ||
In-substance dividend paid in relation to tender offer | ||||||
- | - | - | - | 2,659 | ||
Proceeds from the issuance of shares resulting from employee equity plans | ||||||
16,107 | 23,407 | 3,003 | 1,495 | 1,732 | ||
Tax payments related to net share settlements on restricted stock units | ||||||
5,126 | 1,426 | 0 | 0 | - | ||
Borrowings from warehouse credit facilities | ||||||
388,586 | 83,842 | 10,746 | 0 | 0 | ||
Payment of initial public offering costs | ||||||
- | - | - | 150 | 0 | ||
Repayments of warehouse credit facilities | ||||||
372,017 | 81,125 | 8,730 | 0 | 0 | ||
Borrowings from secured revolving credit facility | ||||||
4,444 | 0 | 0 | - | - | ||
Other payables—deposits held in escrow | ||||||
883 | 2,158 | 273 | 399 | 1,822 | ||
Proceeds from issuance of convertible notes, net of issuance costs | ||||||
0 | 138,953 | 0 | 0 | - | ||
Proceeds from initial public offering, net of underwriting discounts | ||||||
0 | 0 | 148,088 | 0 | 0 | ||
Payment of initial public offering costs | ||||||
0 | 0 | 3,558 | - | 9 | ||
Proceeds from follow on offering | ||||||
0 | 107,593 | 0 | - | - | ||
Cash paid for debt issuance costs | ||||||
922 | 0 | 0 | - | - | ||
Principal payments for finance lease obligations | ||||||
72 | - | - | - | - | ||
Net cash provided by financing activities | ||||||
31,883 | 273,402 | 149,822 | 1,744 | 3,545 | ||
Effect of exchange rate changes on cash and cash equivalents | ||||||
32 | 0 | 0 | - | - | ||
Net change in cash, cash equivalents, and restricted cash | ||||||
-191,607 | 226,397 | 144,813 | -21,175 | -23,243 | ||
Supplemental disclosure of cash flow information | ||||||
Cash paid for interest | ||||||
2,460 | 0 | 0 | - | - | ||
Non-cash transactions | ||||||
Conversion of redeemable convertible preferred stock to common stock | ||||||
0 | 0 | 831,331 | 0 | 0 | ||
Temporary Equity, Accretion to Redemption Value, Adjustment | ||||||
0 | 0 | 175,915 | 55,502 | 102,224 | ||
Stock-based compensation capitalized in property and equipment | ||||||
1,280 | 522 | 268 | 100 | 49 | ||
Deferred initial public offering cost accruals | ||||||
- | - | - | 570 | 0 | ||
Property and equipment additions in accounts payable and accrued liabilities | ||||||
- | - | - | 3,466 | 0 | ||
Leasehold improvements paid directly by lessor | ||||||
6,230 | 1,980 | 822 | 520 | 0 | ||