| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 | Dec'14 | Sep'14 | Jun'14 | Mar'14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating activities | ||||||||||||||||||||||||
Net loss | ||||||||||||||||||||||||
-57,622 | -45,371 | -23,704 | -15,647 | -15,508 | -10,839 | -16,435 | -15,691 | -16,272 | -18,725 | -16,904 | -15,788 | -13,554 | -13,513 | -15,803 | -15,737 | -15,494 | -13,664 | -12,076 | -12,197 | -11,240 | -20,117 | 0 | 0 | 0 |
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||||||||||||||||||||
Depreciation and amortization | ||||||||||||||||||||||||
38,971 | 34,621 | 30,465 | 27,282 | 24,562 | 21,347 | 18,406 | 16,085 | 13,688 | 11,914 | 10,407 | 9,765 | 9,677 | 9,794 | 9,873 | 9,486 | 8,965 | 8,451 | 8,071 | 7,892 | 7,660 | 7,457 | 0 | 0 | 0 |
Deferred income taxes | ||||||||||||||||||||||||
-10,969 | -9,432 | -11,329 | -12,031 | -2,675 | 268 | -539 | -379 | -308 | -262 | 976 | 819 | 743 | 529 | 8 | -26 | 244 | 207 | 103 | -246 | -346 | -295 | 0 | 0 | 0 |
Amortization of deferred costs | ||||||||||||||||||||||||
3,569 | 3,476 | 3,213 | 2,987 | 2,629 | 2,367 | 1,709 | 1,115 | 539 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Foreign currency re-measurement loss | ||||||||||||||||||||||||
-816 | -58 | -355 | 176 | 8 | -305 | -145 | -69 | 181 | 382 | 264 | -15 | -236 | 64 | 20 | -428 | -350 | -981 | -779 | -292 | -272 | 0 | 0 | 0 | 0 |
Non-cash interest and other expense | ||||||||||||||||||||||||
1,667 | 1,398 | 1,237 | 1,035 | 967 | 874 | 792 | 876 | 707 | 592 | 547 | 318 | 338 | 327 | 260 | 259 | 413 | 376 | 382 | 373 | 537 | 589 | 0 | 0 | 0 |
Non-cash stock compensation expense | ||||||||||||||||||||||||
30,446 | 25,754 | 22,466 | 19,060 | 16,181 | 14,130 | 12,553 | 10,656 | 10,250 | 9,977 | 9,473 | 8,689 | 5,943 | 4,333 | 3,415 | 2,970 | 2,881 | 2,741 | 2,450 | 2,045 | 1,447 | 1,077 | 0 | 0 | 0 |
Stock-based compensationrelated party vendor | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 11,220 | 0 | 0 | 0 |
Non-cash loss on divestiture of assets | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | -746 | -686 | -731 | -731 | 0 | 0 | 0 | 0 | - | - | - | - |
Changes in operating assets and liabilities, net of purchase business combinations: | ||||||||||||||||||||||||
Accounts receivable | ||||||||||||||||||||||||
4,484 | -3,160 | 1,980 | -235 | -213 | 5,212 | 2,290 | 5,785 | 8,090 | 4,710 | -82 | -2,313 | -2,504 | 361 | 2,638 | -588 | -2,323 | -741 | -5,597 | -2,974 | 2,361 | 1,579 | 0 | 0 | 0 |
Prepaids and other | ||||||||||||||||||||||||
7,042 | 5,532 | 3,963 | -2,162 | 2,255 | 2,798 | 3,224 | 1,836 | 262 | -1,555 | -1,492 | -945 | -504 | -648 | -1,596 | -2,458 | -2,417 | -1,873 | -5,224 | -2,094 | -1,485 | -484 | 0 | 0 | 0 |
Accounts payable | ||||||||||||||||||||||||
-3,243 | -73 | -3,623 | -3,406 | -2,544 | -3,399 | -1,161 | -79 | -330 | 1,254 | 409 | 913 | -370 | -1,453 | -9 | -1,766 | -1,325 | 157 | -2,866 | 678 | 1,305 | 639 | 0 | 0 | 0 |
Accrued expenses and other liabilities | ||||||||||||||||||||||||
-9,329 | -4,153 | -15,555 | -19,473 | -14,812 | -17,615 | -4,171 | 279 | -1,065 | 3,715 | 2,030 | -307 | 1,709 | 413 | -1,555 | -1,456 | -2,074 | -2,796 | -3,243 | -2,682 | -3,509 | -924 | 0 | 0 | 0 |
Deferred revenue | ||||||||||||||||||||||||
14,805 | 3,865 | 7,705 | 6,975 | 5,949 | 7,919 | 921 | 2,039 | 3,657 | 2,807 | -18 | -919 | 899 | 2,200 | 2,148 | 637 | -664 | -570 | -2,241 | 529 | 1,317 | 2,626 | 0 | 0 | 0 |
Net cash provided by (used in) operating activities | ||||||||||||||||||||||||
1,890 | 12,076 | 7,604 | 9,003 | 12,699 | 7,347 | 6,705 | 5,714 | 2,314 | 7,716 | 8,548 | 8,670 | 8,920 | 3,875 | -2,039 | -1,428 | -1,233 | -1,503 | 2,180 | 1,752 | -3,433 | 1,177 | 0 | 0 | 0 |
Investing activities | ||||||||||||||||||||||||
Purchase of property and equipment | ||||||||||||||||||||||||
1,163 | 1,040 | 1,015 | 784 | 682 | 935 | 596 | 536 | 474 | 396 | 227 | 194 | 338 | 670 | 1,381 | 1,482 | 1,444 | 956 | 778 | 862 | 822 | 861 | 0 | 0 | 0 |
Purchase of customer relationships | ||||||||||||||||||||||||
0 | - | - | - | 0 | - | - | - | - | - | - | - | 55 | 408 | 827 | 827 | 1,199 | 791 | 0 | 0 | 0 | - | - | - | - |
Purchase business combinations, net of cash acquired | ||||||||||||||||||||||||
280,677 | 216,025 | 218,672 | 198,213 | 129,430 | 160,751 | 97,011 | 118,590 | 125,388 | 110,324 | 61,468 | 37,403 | 23,305 | 12,151 | 16,796 | 16,688 | 12,946 | 7,664 | 8,931 | 9,037 | 9,037 | 6,217 | 0 | 0 | 0 |
Net cash used in investing activities | ||||||||||||||||||||||||
-282,737 | -217,761 | -220,125 | -198,997 | -130,112 | -161,686 | -97,662 | -119,181 | -125,862 | -110,775 | -61,695 | -37,597 | -23,698 | -13,229 | -19,004 | -18,997 | -15,589 | -9,411 | -10,081 | -10,271 | -9,859 | -7,078 | 0 | 0 | 0 |
Financing activities | ||||||||||||||||||||||||
Payments on finance leases | ||||||||||||||||||||||||
351 | 529 | 742 | 988 | 1,071 | 1,136 | 1,292 | 1,257 | 1,464 | 1,497 | 1,461 | 1,520 | 1,495 | 1,683 | 1,573 | 1,447 | 1,308 | 1,020 | 924 | 791 | 673 | 541 | 0 | 0 | 0 |
Proceeds from notes payable, net of issuance costs | ||||||||||||||||||||||||
625,714 | 625,666 | 505,328 | 162,361 | 122,902 | 172,397 | 69,230 | 90,605 | 107,986 | 74,538 | 70,750 | 49,313 | 41,932 | 30,992 | 14,920 | 15,246 | 29,070 | 24,083 | 0 | 0 | 0 | - | - | - | - |
Payments on notes payable | ||||||||||||||||||||||||
383,137 | 383,568 | 325,000 | 16,562 | 5,626 | 4,689 | 3,500 | 3,063 | 6,001 | 11,912 | 16,949 | 16,793 | 13,636 | 7,190 | 1,875 | 2,196 | 23,220 | 23,907 | 30,749 | 30,948 | 10,141 | 10,910 | 0 | 0 | 0 |
Taxes paid related to net share settlement of equity awards | ||||||||||||||||||||||||
11,923 | 12,659 | 10,866 | 10,349 | 10,236 | 9,400 | 7,401 | 6,877 | 3,982 | 3,387 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Issuance of Series B redeemable preferred stock, net of issuance costs | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 |
Issuance of common stock, net of issuance costs | ||||||||||||||||||||||||
151,496 | 151,551 | 151,498 | 151,960 | 816 | 807 | 1,398 | 1,106 | 43,713 | 43,797 | 42,545 | 42,445 | -362 | -515 | 117 | -3 | -6 | -18 | 38,908 | 38,944 | 38,852 | 38,846 | 0 | 0 | 0 |
Additional consideration paid to sellers of businesses | ||||||||||||||||||||||||
16,435 | 16,693 | 9,648 | 7,102 | 7,336 | 8,056 | 4,294 | 5,317 | 3,754 | 5,361 | 5,956 | 4,933 | 5,664 | 2,079 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Net cash used in financing activities | ||||||||||||||||||||||||
365,364 | 363,768 | 310,570 | 279,320 | 99,449 | 149,923 | 54,141 | 75,197 | 136,498 | 96,178 | 88,301 | 68,140 | 20,702 | 19,525 | 9,755 | 9,757 | 4,177 | -1,221 | 33,700 | 34,615 | 33,124 | 32,384 | 0 | 0 | 0 |
Effect of exchange rate fluctuations on cash | ||||||||||||||||||||||||
149 | 203 | -832 | -2 | -519 | -1,172 | -71 | -113 | 138 | 449 | 342 | 20 | -92 | 114 | 74 | -197 | -358 | -380 | -295 | -103 | 90 | -198 | 0 | 0 | 0 |
Change in cash and cash equivalents | ||||||||||||||||||||||||
84,666 | 158,286 | 97,217 | 89,324 | -18,483 | -5,588 | -36,887 | -38,383 | 13,088 | -6,432 | 35,496 | 39,233 | 5,832 | 10,285 | -11,214 | -10,865 | -13,003 | -12,515 | 25,504 | 25,993 | 19,922 | 26,285 | 0 | 0 | 0 |
Supplemental disclosures of cash flow information: | ||||||||||||||||||||||||
Cash paid for interest, net of interest rate swaps | ||||||||||||||||||||||||
26,443 | 23,862 | 21,813 | 17,467 | 14,967 | 12,429 | 10,216 | 9,288 | 7,464 | 6,012 | 4,714 | 3,346 | 2,823 | 2,455 | 2,122 | 1,922 | 1,696 | 1,523 | 1,455 | 1,375 | 1,356 | 1,382 | 0 | 0 | 0 |
Cash paid for taxes | ||||||||||||||||||||||||
3,307 | 3,557 | 3,053 | 3,183 | 3,062 | 3,348 | 2,799 | 2,466 | 2,235 | 1,782 | 1,433 | 1,411 | 1,077 | 488 | 505 | 241 | 220 | 314 | 545 | 541 | 318 | 252 | 0 | 0 | 0 |
Sales commissions paid, net of amortization of deferred commissions | ||||||||||||||||||||||||
0 | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Non-cash investing and financing activities: | ||||||||||||||||||||||||
Business combination consideration including holdbacks and earnouts | ||||||||||||||||||||||||
16,453 | 16,108 | 18,533 | 16,107 | 12,413 | 17,713 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Equipment acquired pursuant to financing lease obligations | ||||||||||||||||||||||||
0 | 44 | 44 | 44 | 44 | 0 | -71 | -115 | -94 | 50 | 612 | 1,118 | 1,216 | 1,293 | 2,434 | 2,683 | 3,071 | 3,428 | 2,309 | 2,495 | 2,133 | 1,572 | 0 | 0 | 0 |
Issuance of common stock in business combination | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 8,300 | 9,486 | 7,086 | 7,086 | 1,386 | 0 | 0 | 0 | - | - | - | - |