| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | ||
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net loss for the year | ||||||
-39,995 | -35,355 | -18,790 | -22,311 | -4,837 | ||
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||
Amortization and depreciation | ||||||
23,382 | 13,967 | 7,236 | 4,672 | 1,758 | ||
Stock-based compensation | ||||||
49,163 | 22,896 | 7,805 | 3,792 | 1,446 | ||
Provision for uncollectible receivables related to merchant cash advances | ||||||
2,606 | 1,028 | - | - | - | ||
Vesting of restricted shares | ||||||
0 | 202 | 353 | 651 | 320 | ||
Unrealized foreign exchange gain | ||||||
1,604 | 969 | -1,828 | - | - | ||
Changes in operating assets and liabilities: | ||||||
Trade and other receivables | ||||||
13,037 | 2,356 | -1,176 | - | - | ||
Merchant cash advances receivable | ||||||
37,811 | 12,924 | 0 | - | - | ||
Other current assets | ||||||
3,706 | 2,604 | 4,708 | - | - | ||
Accounts payable and accrued liabilities | ||||||
15,428 | 19,813 | 11,097 | - | - | ||
Deferred revenue | ||||||
10,960 | 7,699 | 6,218 | 2,813 | 1,945 | ||
Loss on asset disposal | ||||||
- | - | - | -100 | -73 | ||
Unrealized foreign exchange loss | ||||||
- | - | - | 524 | 62 | ||
Lease incentives | ||||||
2,515 | 2,620 | 3,541 | 7,292 | 236 | ||
Changes in non-cash working capital items | ||||||
- | - | - | -1,666 | -393 | ||
Net cash provided by operating activities | ||||||
7,901 | 14,017 | 15,756 | -801 | 1,396 | ||
Cash flows from investing activities | ||||||
Purchase of marketable securities | ||||||
1,129,263 | 369,208 | 111,154 | 20,131 | 0 | ||
Maturity of marketable securities | ||||||
642,073 | 139,872 | 48,350 | 2,375 | 0 | ||
Acquisitions of property and equipment | ||||||
20,043 | 23,773 | 16,525 | 20,573 | 3,462 | ||
Proceeds from disposal of property and equipment | ||||||
- | - | - | 90 | 0 | ||
Acquisitions of intangible assets | ||||||
4,219 | 2,463 | 4,511 | 2,127 | 1,042 | ||
Acquisition of businesses, net of cash acquired | ||||||
15,718 | 14,114 | 0 | 0 | 828 | ||
Net cash used in investing activities | ||||||
-527,170 | -269,686 | -83,840 | -40,366 | -5,332 | ||
Cash flows from financing activities | ||||||
Proceeds from initial public offering, net of issuance costs | ||||||
- | - | 136,251 | 0 | 0 | ||
Proceeds from the exercise of stock options | ||||||
14,774 | 4,162 | 1,604 | 140 | 295 | ||
Proceeds from public offering, net of issuance costs | ||||||
560,057 | 224,423 | 0 | 0 | 69,758 | ||
Net cash provided by financing activities | ||||||
574,831 | 228,585 | 137,855 | 140 | 70,053 | ||
Effect of foreign exchange on cash and cash equivalents | ||||||
2,102 | 1,027 | -1,654 | -549 | -243 | ||
Net increase (decrease) in cash and cash equivalents | ||||||
57,664 | -26,057 | 68,117 | -41,576 | 65,874 | ||
Non-cash investing activities: | ||||||
Acquired property and equipment remaining unpaid | ||||||
1,764 | 587 | 1,295 | - | - | ||
Capitalized stock-based compensation | ||||||
1,372 | 649 | 362 | - | - | ||