| Jan'20 | Jan'19 | Jan'18 | ||||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income (loss) | ||||||
25,305 | 7,584 | -3,822 | ||||
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||||
Stock-based compensation expense | ||||||
73,109 | 8,941 | 10,329 | ||||
Amortization of deferred contract acquisition costs | ||||||
37,101 | 20,839 | 9,023 | ||||
Depreciation and amortization | ||||||
16,400 | 7,000 | 2,800 | ||||
Non-cash operating lease cost | ||||||
6,885 | 0 | 0 | ||||
Provision for accounts receivable allowances | ||||||
6,370 | 1,953 | 727 | ||||
Other | ||||||
-1,068 | 37 | 95 | ||||
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
64,715 | 41,040 | 16,560 | ||||
Prepaid expenses and other assets | ||||||
24,805 | 7,971 | 3,443 | ||||
Deferred contract acquisition costs | ||||||
72,714 | 45,769 | 27,470 | ||||
Accounts payable | ||||||
-2,030 | 832 | 1,254 | ||||
Accrued expenses and other liabilities | ||||||
51,179 | 27,407 | 15,011 | ||||
Deferred revenue | ||||||
106,286 | 71,511 | 31,496 | ||||
Operating lease liabilities, net | ||||||
-5,460 | 0 | 0 | ||||
Net cash provided by operating activities | ||||||
151,892 | 51,332 | 19,426 | ||||
Cash flows from investing activities: | ||||||
Purchases of marketable securities | ||||||
800,228 | 78,016 | 143,329 | ||||
Maturities of marketable securities | ||||||
343,554 | 68,747 | 39,710 | ||||
Purchases of property and equipment | ||||||
38,084 | 28,432 | 9,738 | ||||
Purchase of equity investment | ||||||
3,000 | 0 | 0 | ||||
Loans to employees | ||||||
1,569 | 0 | 0 | ||||
Purchases of intangible assets | ||||||
141 | 2,018 | 0 | ||||
Net cash used in investing activities | ||||||
-499,468 | -39,719 | -113,357 | ||||
Cash flows from financing activities: | ||||||
Proceeds from initial public offering and private placement, net of underwriting discounts and commissions and other offering costs | ||||||
542,492 | -939 | 0 | ||||
Proceeds from international employee stock sales to be remitted to employees and tax authorities | ||||||
48,547 | 0 | 0 | ||||
Proceeds from issuance of common stock for employee stock purchase plan | ||||||
15,482 | 0 | 0 | ||||
Proceeds from exercise of stock options, net of repurchases | ||||||
9,169 | 3,565 | 733 | ||||
Proceeds from issuance of convertible promissory notes and derivatives | ||||||
0 | 15,000 | 0 | ||||
Principal payments on capital lease obligations | ||||||
0 | 92 | 120 | ||||
Repurchase of convertible preferred stock | ||||||
0 | 0 | 4,610 | ||||
Net cash provided by (used in) financing activities | ||||||
615,690 | 17,534 | -3,997 | ||||
Net increase (decrease) in cash, cash equivalents, and restricted cash | ||||||
268,114 | 29,147 | -97,928 | ||||
Supplemental disclosures of cash flow information | ||||||
Cash paid for income taxes | ||||||
1,070 | 214 | 133 | ||||
Supplemental disclosures of non-cash investing and financing information | ||||||
Purchase of equipment during the period included in accounts payable and accrued expenses | ||||||
1,422 | 3,284 | 392 | ||||
Purchase of property and equipment under capital lease | ||||||
0 | 0 | 212 | ||||
Vesting of early exercised stock options and restricted stock awards | ||||||
725 | 277 | 175 | ||||
Deferred offering costs, accrued but not paid | ||||||
0 | 1,490 | 0 | ||||
Class B Common Stock | ||||||
Net income (loss) | ||||||
19,855 | 7,584 | -3,822 | ||||
Conversion of convertible preferred stock to Class B common stock upon initial public offering | ||||||
159,552 | 0 | 0 | ||||
Class A Common Stock | ||||||
Net income (loss) | ||||||
5,450 | 0 | 0 | ||||
Conversion of debt to Class A common stock | ||||||
15,344 | 0 | 0 | ||||