| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net loss | |||||||||
50,396 | 30,085 | 15,906 | -843 | -7,860 | 9,285 | 22,998 | 14,048 | 17,127 | 5,853 |
Adjustments to reconcile net loss to net cash used in operating activities: | |||||||||
Depreciation and amortization | |||||||||
110,700 | 88,900 | 93,500 | 86,290 | 64,885 | 43,887 | 29,424 | 22,316 | 23,429 | 25,122 |
Amortization of intangible assets | |||||||||
40,424 | 14,916 | 20,120 | 26,987 | 33,867 | 30,969 | 20,685 | 12,136 | 2,543 | 2,072 |
Amortization of debt discount and issuance costs | |||||||||
8,792 | 15,508 | 14,432 | 13,647 | 12,905 | 7,707 | 0 | 0 | - | - |
Repayment of convertible senior notes attributable to debt discount | |||||||||
63,510 | 0 | 0 | - | - | - | - | - | - | - |
Stock-based compensation | |||||||||
47,721 | 43,573 | 45,692 | 60,458 | 61,762 | 53,528 | 37,322 | 33,870 | 16,366 | 14,273 |
(Gain) loss on disposal of property and equipment | |||||||||
252 | -1,141 | -738 | -1,755 | -361 | -13 | 861 | 301 | 345 | -346 |
Deferred income taxes | |||||||||
5,630 | -161 | 8,899 | -2,149 | -2,604 | 331 | 54 | -5,766 | 2,021 | -2,903 |
Tax benefit from stock-based compensation | |||||||||
0 | 0 | 290 | 98 | -163 | 2,957 | 14,619 | 8,391 | 5,973 | 4,965 |
Excess tax benefits from stock-based compensation | |||||||||
0 | 0 | 2,413 | 1,813 | 1,025 | 3,635 | 16,622 | 8,380 | 5,967 | 3,273 |
Restructuring | |||||||||
2,418 | 10,882 | 0 | 0 | - | - | - | - | - | - |
Other | |||||||||
528 | 0 | 0 | - | - | - | - | - | - | - |
Gain on auction rate securities Rights | |||||||||
- | - | - | - | - | - | - | - | 6,266 | -2,747 |
Loss on auction rate securities | |||||||||
- | - | - | - | - | - | - | - | -6,266 | 2,747 |
Changes in operating assets and liabilities, net of acquisition: | |||||||||
Accounts receivable | |||||||||
-2,937 | 24,952 | 2,142 | 24,117 | 9,464 | 7,174 | 577 | 7,205 | -688 | -520 |
Inventories | |||||||||
-12,766 | 743 | -1,715 | 450 | 3,388 | 3,681 | 1,306 | -766 | 558 | -642 |
Prepaid expenses and other assets | |||||||||
-5,680 | -5,603 | 19,140 | 7,436 | 5,400 | 4,347 | 1,399 | 5,667 | 2,402 | -501 |
Other assets | |||||||||
- | - | - | - | - | 7,669 | -212 | 1,402 | -2 | 3,282 |
Accounts payable | |||||||||
4,223 | 32,189 | 27,128 | 3,139 | -1,275 | 3,583 | 15,230 | -16,458 | 8,652 | 1,947 |
Accrued and other liabilities | |||||||||
-25,474 | 22,537 | -11,333 | 9,471 | 23,887 | 16,089 | 26,610 | 12,255 | 5,817 | 7,966 |
Deferred revenue | |||||||||
- | - | - | - | - | 5,258 | 5,739 | 1,870 | 1,128 | -859 |
Other non-current liabilities | |||||||||
- | - | - | - | - | 167 | -747 | 2,775 | 1,687 | - |
Net cash used in operating activities | |||||||||
201,926 | 239,524 | 193,423 | 165,037 | 166,488 | 147,268 | 151,381 | 63,248 | 76,161 | 53,890 |
Cash flows from investing activities: | |||||||||
Acquisition of business, net of cash acquired | |||||||||
890,204 | 0 | 0 | 127 | 12,000 | 76,893 | 57,212 | 133,705 | 5,981 | 795 |
Purchases of property and equipment | |||||||||
41,396 | 36,745 | 56,264 | 55,448 | 71,169 | 62,582 | 40,535 | 23,149 | 14,405 | 13,762 |
Capitalization of software and website development costs | |||||||||
45,878 | 34,006 | 33,423 | 21,221 | 21,032 | 15,760 | 12,528 | 10,050 | 7,405 | 3,891 |
Purchases of investments | |||||||||
9,523 | 205,466 | 29,422 | 31,073 | 124,111 | 0 | 0 | - | - | - |
Proceeds from maturities of investments | |||||||||
206,231 | 45,257 | 28,234 | 62,944 | 29,130 | 0 | - | - | - | - |
Proceeds from sales of investments | |||||||||
46,879 | 13,874 | 12,213 | 10,510 | 850 | 0 | - | - | - | - |
Maturities and sales of investments | |||||||||
- | - | - | - | - | - | 0 | - | - | - |
Proceeds from sales of property and equipment | |||||||||
2,976 | 21,724 | 14,261 | 1,298 | 904 | 388 | 986 | 676 | 2,476 | 0 |
Proceeds from the sale of auction rate securities | |||||||||
- | - | - | - | - | - | - | - | 47,925 | 4,325 |
Net cash used in investing activities | |||||||||
-730,915 | -195,362 | -64,401 | -33,117 | -197,428 | -154,847 | -109,289 | -166,228 | 22,610 | -14,123 |
Cash flows from financing activities: | |||||||||
Proceeds from borrowings of convertible senior notes, net of issuance costs | |||||||||
- | - | - | - | - | 291,897 | 0 | 0 | - | - |
Proceeds from issuance of warrants | |||||||||
- | - | - | - | - | 43,560 | 0 | 0 | - | - |
Purchase of convertible note hedge | |||||||||
- | - | - | - | - | 63,510 | 0 | 0 | - | - |
Proceeds from issuance of common stock upon exercise of stock options | |||||||||
20,166 | 677 | 2,104 | 3,221 | 3,243 | 19,112 | 10,211 | 22,277 | 14,703 | 2,740 |
Principal payments of borrowings | |||||||||
246,052 | 0 | 0 | - | - | - | - | - | - | - |
Repurchases of common stock | |||||||||
0 | 110,000 | 112,488 | 179,090 | 88,815 | 32,241 | 3,752 | 0 | 0 | - |
Prepayment of accelerated share repurchase | |||||||||
- | - | - | 75,000 | 0 | 0 | - | - | - | - |
Refund of accelerated share repurchase | |||||||||
- | - | - | 38,179 | 0 | 0 | - | - | - | - |
Shares withheld for payment of employee's withholding tax liability | |||||||||
- | - | - | - | - | - | - | - | - | 1,041 |
Excess tax benefits from stock-based compensation | |||||||||
0 | 0 | 2,413 | 1,813 | 1,025 | 3,635 | 16,622 | 8,380 | 5,967 | 3,273 |
Principal payments of capital lease and financing obligations | |||||||||
19,032 | 29,380 | 19,377 | 12,723 | 3,054 | 878 | 0 | 6 | 9 | 91 |
Proceeds from borrowings, net of issuance costs | |||||||||
806,652 | 295,211 | 0 | 0 | - | - | - | - | - | - |
Payment for contingent consideration liabilities | |||||||||
0 | 0 | 1,313 | 0 | 0 | - | - | - | - | - |
Net cash (used in) provided by financing activities | |||||||||
561,734 | 156,508 | -128,661 | -223,600 | -87,601 | 261,575 | 23,081 | 30,651 | 20,661 | 4,881 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||
-1,072 | 0 | 0 | - | - | - | - | - | - | - |
Net decrease in cash and cash equivalents | |||||||||
31,673 | 200,670 | 361 | -91,680 | -118,541 | 253,996 | 65,173 | -72,329 | 119,432 | 44,648 |
Supplemental schedule of non-cash investing / financing activities: | |||||||||
Interest | |||||||||
47,099 | 5,567 | 3,231 | 2,798 | 1,133 | 466 | 0 | 0 | 1 | 12 |
Income taxes | |||||||||
6,532 | 780 | 1,561 | 1,056 | 667 | 2,158 | 618 | 140 | 663 | 2,644 |
Net decrease in accrued purchases of property and equipment | |||||||||
1,607 | 2,693 | -4,013 | 3,818 | -2,674 | -3,372 | 7,694 | 412 | 556 | 2 |
Net increase in accrued capitalized software and website development costs | |||||||||
69 | -396 | -319 | 892 | 716 | 0 | 0 | - | - | - |
Stock-based compensation capitalized with software and website development costs | |||||||||
1,345 | 1,373 | 1,560 | 1,247 | 1,597 | 1,709 | 892 | - | - | - |
Increase in estimated fair market value of buildings under build-to-suit leases | |||||||||
- | - | - | 17,161 | 22,855 | 10,080 | 6,372 | 0 | 0 | - |
Property and equipment acquired under capital leases | |||||||||
5,611 | 19,145 | 23,946 | 29,097 | 37,823 | 0 | 0 | - | - | - |
Increase to amount due for acquisition of business | |||||||||
- | - | - | - | 1,673 | 0 | - | - | - | - |
Amount due for acquisition of business | |||||||||
- | - | - | - | - | - | 963 | 0 | 0 | - |
Amount due from adjustment of net working capital from acquired business | |||||||||
- | - | - | - | 253 | 10 | 0 | 0 | - | - |
Escrow liability from acquisition of business | |||||||||
- | - | - | - | - | - | - | - | - | 150 |