| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||||||||||||||||
Net loss | ||||||||||||||||||||||||
-285,865 | -330,222 | -272,035 | -181,938 | -200,389 | -143,845 | -151,726 | -100,734 | -107,775 | -72,771 | -76,429 | -38,875 | -56,539 | -43,956 | -60,940 | -48,274 | -41,205 | -15,495 | -15,478 | -19,334 | -27,136 | -72,554 | -24,143 | -23,375 | -28,026 |
Adjustments to reconcile net loss to net cash used in operating activities | ||||||||||||||||||||||||
Depreciation and amortization | ||||||||||||||||||||||||
66,843 | 58,247 | 50,250 | 44,339 | 39,583 | 36,116 | 32,544 | 28,920 | 25,962 | 24,432 | 22,913 | 19,323 | 20,352 | 17,044 | 15,463 | 12,578 | 10,487 | 9,095 | 9,207 | 7,400 | 6,744 | 7,565 | 5,547 | 4,693 | 4,198 |
Equity-based compensation | ||||||||||||||||||||||||
59,449 | 65,437 | 61,767 | 53,187 | 47,060 | 39,416 | 33,935 | 29,813 | 24,400 | 21,100 | 18,278 | 14,833 | 13,629 | 14,214 | 14,726 | 10,747 | 9,715 | 9,274 | 7,507 | 6,592 | 7,642 | 55,281 | 0 | 974 | 4,554 |
Amortization of discount and issuance costs on convertible notes | ||||||||||||||||||||||||
19,527 | 21,374 | 17,722 | 10,559 | 12,456 | 8,886 | 4,346 | 5,072 | 4,281 | 4,956 | 874 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Other non-cash adjustments | ||||||||||||||||||||||||
633 | 32 | 64 | 221 | 1,374 | 233 | -44 | -22 | -111 | -285 | -45 | -1,114 | 246 | -465 | 542 | -564 | 156 | -1,632 | -646 | -518 | -231 | 318 | -769 | -44 | -75 |
Changes in operating assets and liabilities: | ||||||||||||||||||||||||
Accounts receivable, net | ||||||||||||||||||||||||
16,216 | 23,878 | -2,344 | 16,083 | 11,570 | 9,635 | 6,215 | 2,952 | -6,010 | 9,475 | 3,974 | 2,072 | 2,651 | 2,444 | 2,555 | 2,277 | 1,941 | 201 | 2,633 | -929 | 2,128 | 635 | -1,336 | 701 | -1,741 |
Inventories | ||||||||||||||||||||||||
-5,023 | -7,085 | 23,256 | 1,887 | -2,427 | 10,562 | 5,016 | -3,750 | 6,491 | 9,416 | 3,987 | 145 | -4,094 | -635 | 1,792 | -366 | -2,142 | -2,647 | 1,230 | 1,308 | 240 | -1,320 | 1,315 | 4,210 | 630 |
Prepaid expenses and other current assets | ||||||||||||||||||||||||
-7,802 | 2,942 | 7,216 | 11,897 | 10,535 | 27,819 | 15,022 | 5,136 | 17,218 | 11,348 | -3,444 | 3,020 | 28,200 | 3,686 | 843 | 3,007 | 8,643 | 1,094 | 8,886 | 4,206 | 15,327 | 7,422 | -482 | 3,612 | 9,591 |
Accounts payable and accrued expenses | ||||||||||||||||||||||||
-114,623 | 114,539 | 87,175 | 81,980 | 46,631 | 97,331 | 91,990 | 61,685 | 34,058 | 59,492 | 44,829 | 22,275 | -22,412 | 72,570 | 43,695 | 38,845 | -29,097 | 75,515 | 57,902 | 19,238 | -16,800 | 60,629 | 2,198 | 3,172 | -6,478 |
Unearned revenue and other liabilities | ||||||||||||||||||||||||
2,379 | 53,506 | 7,468 | 19,847 | -4,933 | 54,196 | 28,298 | 28,390 | 23,821 | 30,904 | 19,790 | 4,730 | 25,930 | 18,358 | 10,694 | 14,936 | 7,926 | 9,104 | 7,344 | 18,432 | 12,151 | 8,038 | 5,091 | 8,766 | 10,721 |
Other assets | ||||||||||||||||||||||||
-24 | -591 | 596 | 620 | 704 | 1,321 | 5,374 | 1,226 | 236 | 1,280 | 1,031 | 62 | 55 | -294 | 2,285 | -425 | 432 | 111 | -122 | -192 | 339 | -3,058 | 1,031 | 1,090 | 996 |
Net cash used in operating activities | ||||||||||||||||||||||||
-256,290 | -36,295 | -76,441 | -2,734 | -81,348 | 42,530 | 7,804 | 47,604 | -13,077 | 36,879 | 24,752 | 18,101 | -46,098 | 73,494 | 15,621 | 24,903 | -51,204 | 90,366 | 51,504 | 28,453 | -35,202 | 54,962 | -11,066 | -15,339 | -24,432 |
Cash flows from investing activities: | ||||||||||||||||||||||||
Sale and maturities of short- and long-term investments | ||||||||||||||||||||||||
294,810 | 0 | 33,304 | 44,228 | 37,936 | 15,113 | 19,309 | 15,256 | 11,390 | 10,555 | 14,505 | 27,760 | 18,275 | 37,750 | 14,165 | 38,275 | 29,620 | 54,881 | 41,715 | 27,000 | 10,000 | 65,055 | 9,962 | 40,023 | 9,979 |
Purchase of short- and long-term investments | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 6,912 | 22,305 | 9,109 | 16,225 | 11,654 | 7,403 | 40,566 | 28,489 | 65,994 | 32,998 | 4,078 | 104,233 | 25,000 | 45,000 | 55,000 | 10,000 |
Purchase of property and equipment | ||||||||||||||||||||||||
59,964 | 87,774 | 68,628 | 54,714 | 60,626 | 48,701 | 49,411 | 39,730 | 21,363 | 23,923 | 30,980 | 33,596 | 11,952 | 14,863 | 20,408 | 37,509 | 23,927 | 7,953 | 11,491 | 13,153 | 12,051 | 687 | 6,837 | 12,974 | 11,357 |
Site and software development costs | ||||||||||||||||||||||||
38,369 | 34,441 | 35,831 | 34,023 | 24,843 | 16,981 | 17,196 | 15,419 | 13,154 | 11,543 | 12,235 | 11,730 | 10,920 | 9,935 | 9,181 | 6,812 | 5,451 | 4,429 | 4,681 | 4,311 | 4,115 | 3,487 | 4,495 | 3,431 | 2,717 |
Other investing activities, net | ||||||||||||||||||||||||
124 | -410 | 18,750 | 65 | -2,838 | -1 | 132 | 0 | 267 | 0 | 0 | 0 | 0 | - | - | - | - | 4,999 | 0 | 0 | -302 | -3,546 | 3 | -395 | 3,407 |
Net cash provided by (used in) investing activities | ||||||||||||||||||||||||
196,353 | -675,663 | -89,905 | -44,574 | -44,695 | -149,570 | -47,430 | -39,893 | -23,394 | -31,823 | -51,015 | -26,675 | -20,822 | 1,298 | -22,319 | -46,612 | -28,247 | -28,494 | -4,595 | 5,458 | -110,097 | 39,427 | -46,373 | -30,987 | -17,502 |
Cash flows from financing activities: | ||||||||||||||||||||||||
Proceeds from borrowings | ||||||||||||||||||||||||
100,000 | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Taxes paid related to net share settlement of equity awards | ||||||||||||||||||||||||
0 | 726 | 1,086 | 259 | 165 | 187 | 462 | 244 | 391 | 285 | 25 | 660 | 592 | 2,666 | 6,052 | 5,753 | 6,621 | 6,212 | 5,062 | 3,586 | 4,251 | - | - | - | - |
Deferred financing costs | ||||||||||||||||||||||||
0 | - | 0 | 0 | 791 | - | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net proceeds from exercise of stock options | ||||||||||||||||||||||||
125 | 23 | 10 | 13 | 67 | 34 | 30 | 45 | 29 | 31 | 51 | 108 | 54 | 43 | 36 | 79 | 51 | 121 | 102 | 257 | 15 | - | - | - | - |
Net proceeds from issuance of Series B convertible redeemable preferred units | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 154,774 |
Repurchase of common units | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 23,500 |
Dividends paid to Series A convertible redeemable preferred holders | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 24,516 | 0 | 0 | 15,000 |
Repurchase of employee equity | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 974 | 4,554 |
Net cash provided by (used in) financing activities | ||||||||||||||||||||||||
100,125 | -703 | 788,342 | -246 | -889 | 468,456 | -432 | -199 | -362 | -254 | 376,315 | -552 | -538 | -2,623 | -6,016 | -5,674 | -6,570 | -6,091 | -4,960 | -3,329 | -4,236 | 230,404 | 0 | -974 | 111,720 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||||||||||||||||
1,540 | 29 | -1,722 | 305 | -169 | -591 | -758 | -86 | -101 | 437 | -141 | 528 | 26 | -673 | 759 | -1,116 | 643 | -295 | 167 | -90 | -242 | 759 | -35 | -14 | 20 |
Net increase (decrease) in cash and cash equivalents | ||||||||||||||||||||||||
41,728 | -712,632 | 620,274 | -47,249 | -127,101 | 360,825 | -40,816 | 7,426 | -36,934 | 5,239 | 349,911 | -8,598 | -67,432 | 71,496 | -11,955 | -28,499 | -85,378 | 55,486 | 42,116 | 30,492 | -149,777 | 325,552 | -57,474 | -47,314 | 69,806 |
Supplemental cash flow information: | ||||||||||||||||||||||||
Cash paid for interest on long-term debt | ||||||||||||||||||||||||
5,447 | 3,235 | 808 | 2,911 | 809 | 0 | 808 | 0 | 746 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Purchase of property and equipment included in accounts payable and accrued expenses and in other liabilities | ||||||||||||||||||||||||
45,495 | 7,153 | 28,769 | 2,116 | 3,143 | 4,863 | -4,943 | 10,736 | 4,727 | -722 | -4,721 | 2,452 | 11,524 | -4,408 | -2,551 | -10,891 | 19,186 | 2,622 | -3,676 | 324 | 5,988 | 5,488 | -3,708 | 1,071 | 4,716 |
Construction costs capitalized under finance lease obligations and other leases | ||||||||||||||||||||||||
- | - | - | - | - | 61,388 | 10,265 | 25,820 | 28,323 | 31,123 | 6,462 | 1,302 | 8,389 | 24,168 | 21,624 | -4,975 | 13,077 | 18,608 | 8,522 | -9,735 | 9,900 | - | - | - | - |
Accretion of preferred unit dividends | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -14,432 | 4,748 | 4,605 | 7,150 |
Purchase of employee equity included in accounts payable and accrued expenses | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,554 |