| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net loss | ||||||
-56,273 | -46,896 | -51,334 | -56,566 | -28,720 | -14,972 | -22,740 |
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||
Depreciation | ||||||
5,654 | 4,538 | 4,999 | 2,662 | 1,229 | 871 | 592 |
Amortization of intangible assets | ||||||
2,753 | 747 | 636 | 153 | 0 | 0 | - |
Share based compensation expenses | ||||||
47,700 | 28,048 | 18,750 | 13,937 | 7,054 | 1,020 | 4,733 |
Tax benefit related to exercise of share options | ||||||
0 | 731 | 609 | 728 | 440 | -234 | -84 |
Share-based compensation expenses related to warrants granted in connection with credit line | ||||||
- | - | - | - | 273 | 0 | 0 |
Interest and exchange rate on short-term and long-term deposits | ||||||
555 | 669 | 805 | -955 | 0 | 0 | - |
Amortization of premium and discount and accrued interest on marketable securities, net | ||||||
77 | 0 | 0 | - | - | - | - |
Deferred taxes, net | ||||||
2,719 | 317 | 111 | -81 | 16 | 71 | 14 |
Increase in trade receivables | ||||||
1,936 | 1,818 | 5,411 | 383 | -125 | 580 | 181 |
Increase in prepaid expenses and other current and long-term assets | ||||||
1,824 | 6,284 | 2,597 | 6,491 | 2,849 | 1,266 | 995 |
Increase in trade payables | ||||||
11,834 | 8,290 | 7,483 | 618 | 1,894 | 964 | 811 |
Increase in employees and payroll accruals | ||||||
5,627 | 2,956 | 1,565 | 7,767 | 3,401 | 567 | 616 |
Increase in short term and long term deferred revenues | ||||||
58,353 | 51,966 | 38,169 | 29,706 | 18,751 | 8,803 | 5,048 |
Increase (decrease) in accrued expenses and other current liabilities | ||||||
14,515 | -719 | 8,923 | 6,016 | 2,643 | 820 | 1,320 |
Net cash provided by operating activities | ||||||
83,052 | 40,573 | 20,876 | -803 | 4,243 | -3,608 | -10,599 |
Other, net | ||||||
- | - | - | -14 | -18 | -2 | -127 |
Cash flows from investing activities: | ||||||
Proceeds from short-term and restricted deposits | ||||||
52,311 | 49,392 | 60,162 | 1,989 | 250 | 1,714 | 531 |
Investment in short-term and restricted deposits | ||||||
88,706 | 30,526 | 82,038 | 51,581 | 1,020 | 86 | 3,337 |
Investment in marketable securities | ||||||
33,189 | 23,724 | 0 | - | - | - | - |
Proceeds from marketable securities | ||||||
245 | 980 | 0 | - | - | - | - |
Purchase of property and equipment | ||||||
11,649 | 4,415 | 6,342 | 5,619 | 3,070 | 947 | 1,754 |
Capitalization of software development costs | ||||||
720 | 0 | 0 | - | - | - | - |
Payments for businesses acquired | ||||||
33,091 | 0 | 0 | 4,295 | 0 | 0 | - |
Acquisition of intangible assets | ||||||
75 | 100 | 450 | 1,202 | 0 | 0 | - |
Net cash used in investing activities | ||||||
-114,874 | -8,393 | -28,668 | -60,708 | -3,840 | 683 | -4,553 |
Proceeds from sale of property and equipment | ||||||
- | - | - | - | - | 2 | 7 |
Cash flows from financing activities: | ||||||
Proceeds from credit line utilization | ||||||
- | - | - | - | 5,000 | 0 | 0 |
Credit line repayment | ||||||
170 | 0 | 0 | - | 5,000 | 0 | 0 |
Proceeds from issuance of ordinary shares in IPO, net | ||||||
- | - | - | -130 | 93,694 | 0 | 0 |
Proceeds from issuance of Preferred shares, net | ||||||
- | - | - | - | - | - | 20,855 |
Proceeds from exercise of options and ESPP shares | ||||||
24,158 | 21,658 | 6,818 | 942 | 519 | 61 | 170 |
Net cash provided by financing activities | ||||||
23,988 | 21,658 | 6,818 | 812 | 94,213 | 61 | 21,025 |
Effect of exchange rate change on cash and cash equivalents | ||||||
- | - | - | -359 | -868 | 0 | 0 |
Increase (decrease) in cash and cash equivalents | ||||||
-7,834 | 53,838 | -974 | -61,058 | 93,748 | -2,864 | 5,873 |
Supplemental disclosure of cash flow activities: | ||||||
Non-cash purchase of property and equipment | ||||||
1,019 | 482 | 518 | 157 | 126 | 0 | 0 |
Accrued issuance costs | ||||||
- | - | - | - | 130 | 0 | 0 |
Cash paid during the year for interest | ||||||
- | - | - | - | 262 | 0 | 0 |
Cash paid during the year for taxes | ||||||
4,422 | 2,644 | 2,226 | 1,426 | 751 | 105 | 4 |
Goodwill and other intangible assets | ||||||
- | - | - | 5,161 | 0 | 0 | - |
Deferred tax liability | ||||||
- | - | - | 866 | 0 | 0 | - |
Payments for business acquired | ||||||
- | - | - | 4,295 | 0 | 0 | - |