| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net loss | ||||||
-53,845 | -55,545 | -45,470 | -49,000 | -49,857 | -32,627 | -18,873 |
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Depreciation and amortization | ||||||
16,528 | 11,097 | 7,628 | 6,725 | 5,352 | 4,140 | 2,631 |
Amortization of debt discount and issuance costs | ||||||
10,513 | 3,831 | 0 | 0 | 1,129 | 553 | - |
Stock-based compensation expense | ||||||
40,664 | 27,593 | 19,541 | 17,316 | 10,685 | 2,159 | 2,047 |
Provision for doubtful accounts | ||||||
2,241 | 740 | 905 | 931 | 828 | 581 | 460 |
Impairment of long-lived assets | ||||||
- | - | - | - | 483 | - | - |
Deferred income taxes | ||||||
-645 | -69 | -2,860 | 75 | 119 | 196 | 111 |
Foreign currency re-measurement loss | ||||||
-255 | -757 | 364 | -58 | -153 | - | - |
Other non-cash (income) expense | ||||||
1,889 | 506 | -209 | -222 | -209 | - | - |
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
14,800 | 1,685 | 25,217 | 6,195 | 18,370 | 7,127 | 4,012 |
Deferred contract acquisition and fulfillment costs | ||||||
11,306 | 12,790 | 0 | 0 | - | - | - |
Prepaid expenses and other assets | ||||||
13,691 | 287 | 74 | 3,523 | 1,787 | 2,165 | -28 |
Accounts payable | ||||||
92 | 3,675 | -2,257 | 1,619 | -2,302 | 567 | 1,064 |
Accrued expenses | ||||||
4,759 | 6,018 | 6,758 | 1,578 | 6,702 | 3,534 | 2,971 |
Deferred revenue | ||||||
18,686 | 22,870 | 55,437 | 38,748 | 44,868 | 25,200 | 15,126 |
Contingent consideration | ||||||
- | - | - | - | - | -560 | -3,081 |
Other liabilities | ||||||
1,018 | 367 | -950 | 558 | -119 | 2,193 | 915 |
Net cash used in operating activities | ||||||
-1,420 | 6,066 | 13,286 | 9,112 | -1,907 | -3,356 | -613 |
Cash flows from investing activities: | ||||||
Business acquisitions, net of cash acquired | ||||||
14,607 | 14,460 | 14,717 | 0 | 38,811 | - | - |
Purchases of property and equipment | ||||||
29,428 | 12,813 | 4,824 | 4,499 | 4,136 | 7,082 | 2,778 |
Capitalization of internal-use software costs | ||||||
6,087 | 3,265 | 1,162 | 0 | 0 | - | - |
Purchases of investments | ||||||
148,047 | 233,421 | 35,190 | 38,976 | 0 | - | - |
Sales/maturities of investments | ||||||
214,980 | 70,226 | 33,672 | 0 | 0 | - | - |
Increase in restricted cash | ||||||
- | - | - | - | 0 | - | - |
Net cash provided by (used in) investing activities | ||||||
16,811 | -193,733 | -22,221 | -43,475 | -42,947 | -7,082 | -2,778 |
Cash flows from financing activities: | ||||||
Proceeds from issuance of convertible senior notes, net of issuance costs of $6,879 | ||||||
0 | 223,121 | 0 | 0 | - | - | - |
Purchase of capped calls related to convertible senior notes | ||||||
0 | 26,910 | 0 | 0 | - | - | - |
Proceeds from follow-on public offering, net of offering costs of $608 | ||||||
0 | 30,907 | 0 | 0 | - | - | - |
Deferred business acquisition payment | ||||||
0 | 0 | 796 | 1,392 | 0 | - | - |
Proceeds from initial public offering and concurrent private placement, net of offering costs of $3,097 | ||||||
- | - | - | - | 112,275 | - | - |
Proceeds from issuance of Series D redeemable convertible preferred stock, net | ||||||
- | - | - | - | - | 30,818 | - |
Borrowings from term loan | ||||||
- | - | - | - | - | - | 18,000 |
Borrowings from line of credit | ||||||
- | - | - | - | - | - | 5,000 |
Repayments on line of credit | ||||||
- | - | - | - | - | - | 5,000 |
Repayments of term loan and related termination fee | ||||||
- | - | - | - | 18,540 | - | - |
Payments of contingent consideration related to business acquisitions | ||||||
- | - | - | - | - | 856 | 1,500 |
Payments of debt and equity issuance costs | ||||||
- | - | - | - | - | - | 135 |
Repurchase of common and preferred stock | ||||||
- | - | - | - | - | 3,526 | - |
Payments of capital lease obligations | ||||||
- | - | - | 68 | 253 | 256 | 300 |
Taxes paid related to net share settlement of equity awards | ||||||
6,952 | 2,197 | 698 | 4,114 | 0 | - | - |
Excess tax benefit from stock-based compensation | ||||||
- | - | - | 87 | 0 | - | - |
Proceeds from employee stock purchase plan | ||||||
5,521 | 3,637 | 2,914 | 3,724 | 0 | - | - |
Proceeds from stock option exercises | ||||||
10,219 | 7,606 | 5,848 | 2,924 | 1,304 | 489 | 257 |
Net cash provided by financing activities | ||||||
8,788 | 236,164 | 7,268 | 1,161 | 94,786 | 26,669 | 16,322 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | ||||||
-331 | -694 | 281 | -203 | -202 | -20 | 14 |
Net increase (decrease) in cash, cash equivalents and restricted cash | ||||||
23,848 | 47,803 | -1,386 | -33,405 | 49,730 | 16,211 | 12,945 |
Supplemental cash flow information: | ||||||
Cash paid for interest on convertible senior notes | ||||||
2,779 | 0 | 0 | 5 | 1,427 | 2,095 | 96 |
Cash paid for income taxes, net of refunds | ||||||
400 | 188 | 801 | 556 | 341 | 61 | 34 |
Non-cash investing activities: | ||||||
Leasehold improvements acquired through tenant improvement allowance | ||||||
14,016 | 0 | 0 | - | - | - | - |
Reconciliation of cash, cash equivalents and restricted cash: | ||||||
Common stock issued for acquisitions | ||||||
- | - | - | - | 27,481 | - | - |
Vested stock options issued for acquisition | ||||||
- | - | - | - | 4,494 | - | - |