| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | |||||||||
Net income | |||||||||
-25,155 | 4,342 | -4,766 | 23,114 | 10,134 | 366 | -15,604 | 0 | 0 | 0 |
Adjustments to reconcile net income to net cash provided by operating activities | |||||||||
Depreciation | |||||||||
- | 35,638 | - | - | - | 39,721 | 39,400 | 0 | 0 | 0 |
Stock-based compensation expense | |||||||||
53,055 | 50,747 | 46,575 | 42,773 | 39,698 | 38,140 | 38,645 | 0 | 0 | 0 |
Other | |||||||||
4,095 | 3,709 | 2,713 | 2,999 | 2,946 | 1,969 | 1,676 | 0 | 0 | 0 |
Deferred income taxes | |||||||||
0 | 0 | - | 0 | 0 | 0 | - | 0 | 0 | 0 |
Foreign currency transaction (gain) loss | |||||||||
-1,315 | -793 | -4,035 | -2,070 | -5,489 | -2,874 | -941 | 0 | 0 | 0 |
Changes in operating assets and liabilities: | |||||||||
Accounts receivable, net | |||||||||
-23,333 | 14,165 | 32,078 | 39,960 | 30,653 | 57,599 | 26,505 | 0 | 0 | 0 |
Inventories | |||||||||
12,365 | 6,074 | 31,796 | 10,345 | 21,272 | 8,442 | 80,107 | 0 | 0 | 0 |
Other assets | |||||||||
11,862 | 16,366 | 7,605 | 2,673 | 5,478 | 4,658 | 2,140 | 0 | 0 | 0 |
Accounts payable and accrued expenses | |||||||||
6,035 | 67,875 | 85,878 | 57,150 | 30,938 | 23,376 | 66,473 | 0 | 0 | 0 |
Accrued compensation | |||||||||
-7 | 8,113 | 8,231 | 6,953 | 4,760 | 2,375 | 1,625 | 0 | 0 | 0 |
Deferred revenue | |||||||||
5,332 | 6,446 | 6,165 | 503 | 6,469 | 6,780 | 5,566 | 0 | 0 | 0 |
Other liabilities | |||||||||
11,476 | 6,796 | 7,137 | 5,110 | 8,175 | 9,480 | 490 | 0 | 0 | 0 |
Net cash provided by operating activities | |||||||||
90,899 | 147,426 | 120,636 | 125,714 | 91,088 | 54,653 | 30,570 | 0 | 0 | 0 |
Cash flows from investing activities | |||||||||
Purchases of property and equipment and intangible assets | |||||||||
40,935 | 33,764 | 23,222 | 23,912 | 21,964 | 28,709 | 35,747 | 0 | 0 | 0 |
Cash paid for acquisition, net of acquired cash | |||||||||
0 | 0 | - | - | 0 | 0 | - | - | - | - |
Net cash used in investing activities | |||||||||
-77,224 | -69,386 | -23,222 | -23,912 | -21,964 | -28,709 | -35,747 | 0 | 0 | 0 |
Cash flows from financing activities | |||||||||
Proceeds from borrowings, net of borrowing costs | |||||||||
- | - | - | - | - | - | 69,748 | 0 | 0 | 0 |
Repayments of borrowings | |||||||||
10,000 | 8,334 | 6,667 | 40,000 | 40,000 | 40,000 | 70,000 | 0 | 0 | 0 |
Payments for repurchase of common stock | |||||||||
39,672 | 7,504 | 2,426 | 832 | 685 | 256 | 911 | 0 | 0 | 0 |
Proceeds from exercise of common stock options | |||||||||
25,212 | 39,081 | 31,574 | 25,631 | 23,936 | 7,527 | 9,345 | 0 | 0 | 0 |
Payments of offering costs | |||||||||
0 | 18 | 585 | 2,381 | 3,247 | 4,517 | 3,950 | 0 | 0 | 0 |
Net cash provided by (used in) financing activities | |||||||||
-24,460 | 23,225 | 21,896 | 112,308 | 109,894 | 92,644 | 94,374 | 0 | 0 | 0 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | |||||||||
-1,242 | -223 | -1,610 | -257 | -1,564 | 350 | 1,135 | 0 | 0 | 0 |
Net increase (decrease) in cash, cash equivalents and restricted cash | |||||||||
-12,027 | 101,042 | 117,700 | 213,853 | 177,454 | 118,938 | 90,332 | 0 | 0 | 0 |
Supplemental disclosure | |||||||||
Cash paid for interest | |||||||||
2,124 | 2,331 | 2,517 | 1,488 | 2,611 | 3,159 | 3,750 | 0 | 0 | 0 |
Cash paid for taxes, net of refunds | |||||||||
2,654 | 2,775 | 3,570 | 2,713 | 2,868 | 2,550 | 1,430 | 0 | 0 | 0 |
Cash paid for amounts included in the measurement of lease liabilities | |||||||||
0 | 0 | - | - | - | - | - | - | - | - |
Supplemental disclosure of non-cash investing and financing activities | |||||||||
Purchases of property and equipment in accounts payable and accrued expenses | |||||||||
12,531 | 16,792 | 11,687 | 2,941 | 3,368 | 399 | 4,075 | 0 | 0 | 0 |
Right-of-use assets obtained in exchange for new operating lease liabilities | |||||||||
0 | 0 | - | - | - | - | - | - | - | - |
Deferred offering costs in accounts payable and accrued expenses | |||||||||
- | -18 | - | - | - | -1,001 | 585 | 0 | 0 | 0 |