| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
Operating activities | ||||||
Net loss | ||||||
-8,500 | 3,670 | -7,592 | -3,173 | -10,807 | ||
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||
Depreciation and amortization expense | ||||||
14,992 | 10,736 | 10,220 | 9,982 | 9,620 | ||
Amortization of debt discount and issuance costs | ||||||
4,691 | 238 | 746 | - | - | ||
Amortization of debt issuance costs | ||||||
- | - | - | -749 | -140 | ||
Amortization of contract acquisition costs | ||||||
10,130 | 7,753 | 3,008 | 1,281 | - | ||
Loss on modification and extinguishment of debt | ||||||
- | -1,848 | -1,702 | - | - | ||
Loss (gain) on disposal of fixed assets | ||||||
4 | 20 | 20 | -5 | -15 | ||
Bad debt expense | ||||||
200 | 2,300 | 0 | 0 | - | ||
Stock-based compensation expense | ||||||
18,714 | 18,975 | 4,514 | 568 | 246 | ||
Operating leases, net | ||||||
477 | - | - | - | - | ||
Deferred taxes | ||||||
7,268 | 1,280 | -69 | -2,537 | -3,326 | ||
Net changes in operating assets and liabilities | ||||||
Accounts receivable | ||||||
5,072 | 31,249 | 24,116 | 17,245 | 5,252 | ||
Prepayments and other current assets | ||||||
16,035 | 13,742 | 5,182 | 4,060 | 1,173 | ||
Other non-current assets | ||||||
9,485 | 3,599 | 2,453 | 857 | -97 | ||
Accounts payable | ||||||
-1,630 | 2,406 | 1,443 | -262 | -640 | ||
Accrued expenses and other liabilities | ||||||
11,786 | -882 | 10,882 | 1,712 | 3,068 | ||
Income taxes | ||||||
-149 | 455 | 614 | 161 | -56 | ||
Deferred revenue | ||||||
37,266 | 39,899 | 28,021 | 20,216 | 11,628 | ||
Net cash provided by operating activities | ||||||
50,091 | 37,540 | 21,856 | 6,540 | 3,560 | ||
Purchase of property and equipment | ||||||
6,173 | 8,389 | 2,711 | 1,263 | 1,232 | ||
Proceeds from sale of property and equipment | ||||||
39 | 33 | 190 | 8 | 133 | ||
Purchase of intangibles | ||||||
379 | 2,500 | - | - | - | ||
Business acquisitions, net of cash acquired | ||||||
32,393 | - | - | - | 15,209 | ||
Net cash used in investing activities | ||||||
-38,906 | -10,856 | -2,521 | -1,255 | -16,308 | ||
Financing activities | ||||||
Payment of debt issuance costs | ||||||
9,572 | - | 1,384 | 3,083 | - | ||
Proceeds from issuance of convertible senior notes | ||||||
400,000 | - | - | - | - | ||
Purchases of capped calls | ||||||
37,080 | - | - | - | - | ||
Proceeds from line of credit | ||||||
- | - | - | - | 10,000 | ||
Repayments of line of credit | ||||||
- | - | - | 10,000 | - | ||
Proceeds from term loan | ||||||
- | - | 50,000 | 115,000 | - | ||
Repayments of term loan | ||||||
- | - | - | 105,000 | - | ||
Repayment of debt | ||||||
- | 70,000 | 90,000 | - | - | ||
Prepayment penalty and fees | ||||||
- | 387 | 1,390 | - | - | ||
Repurchase of equity shares | ||||||
- | - | 658 | 226 | 458 | ||
Dividend payments | ||||||
- | - | 50,387 | - | - | ||
Proceeds from issuance of equity | ||||||
5,649 | 3,351 | 171,980 | 1,329 | 307 | ||
Taxes associated with net issuances of shares upon vesting of restricted stock units | ||||||
351 | 348 | - | - | - | ||
Exercise of stock options | ||||||
3,053 | 1,809 | 359 | 18 | - | ||
Net cash provided by financing activities | ||||||
361,699 | -65,575 | 78,520 | -1,962 | 9,849 | ||
Net increase in cash, cash equivalents and restricted cash | ||||||
372,884 | -38,891 | 97,855 | 3,323 | -2,899 | ||
Supplemental disclosure of cash flow information: | ||||||
Cash paid for interest | ||||||
180 | 2,780 | 13,250 | 5,848 | 3,648 | ||
Cash paid for income taxes | ||||||
2,658 | 1,631 | 1,612 | 406 | 771 | ||
Supplemental non-cash disclosures: | ||||||
Tenant improvement allowance | ||||||
- | 9,787 | - | - | - | ||
Conversion of redeemable convertible preferred stock to common stock | ||||||
- | - | 173,429 | - | - | ||
Conversion of prepaid incentive units to common stock | ||||||
37 | 78 | 78 | 89 | 62 | ||
Forgiveness of liability to controlling entity | ||||||
- | - | - | 459 | - | ||