Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
6 Months Ended |
Jun. 30, 2015 |
Jun. 30, 2014 |
| Operating activities |
|
|
| Net loss |
$ (29,006)
|
$ (10,203)
|
| Adjustments to reconcile net loss to net cash provided by operating activities |
|
|
| Depreciation and amortization expense |
10,146
|
5,542
|
| Stock-based compensation expense |
50,704
|
19,011
|
| Excess tax benefit from stock-based compensation |
(633)
|
(3,146)
|
| Deferred income taxes |
(2,884)
|
3,176
|
| Changes in operating assets and liabilities |
|
|
| Accounts receivable, net |
605
|
4,704
|
| Prepaid expenses, deposits and other assets |
(7,173)
|
(455)
|
| Income taxes receivable |
77
|
(36)
|
| Deferred revenue |
22,783
|
14,036
|
| Accounts payable and accrued liabilities |
10,383
|
(212)
|
| Income taxes payable |
49
|
53
|
| Net cash provided by operating activities |
55,051
|
32,470
|
| Investing activities |
|
|
| Purchase of property and equipment |
(19,117)
|
(14,478)
|
| Net cash used in investing activities |
(19,117)
|
(14,478)
|
| Financing activities |
|
|
| Proceeds from public offering, net of underwriters' discount and offering costs |
0
|
344,097
|
| Proceeds from exercise of stock options |
12,900
|
9,388
|
| Excess tax benefit from stock-based compensation |
633
|
3,146
|
| Net cash provided by financing activities |
13,533
|
356,631
|
| Effect of exchange rate changes on cash and cash equivalents |
(574)
|
17
|
| Net increase in cash and cash equivalents |
48,893
|
374,640
|
| Cash and cash equivalents |
|
|
| Beginning of period |
680,613
|
252,674
|
| End of period |
729,506
|
627,314
|
| Non-cash activities |
|
|
| Accrued purchases of property and equipment |
6,002
|
3,649
|
| Asset retirement obligations recognized |
304
|
0
|
| Property and equipment acquired under build-to-suit lease |
$ 0
|
$ 11,600
|