Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
9 Months Ended |
Sep. 30, 2016 |
Sep. 30, 2015 |
| Operating activities |
|
|
| Net loss |
$ (123,361)
|
$ (42,379)
|
| Adjustments to reconcile net loss to net cash provided by operating activities |
|
|
| Depreciation and amortization expense |
25,091
|
16,221
|
| Stock-based compensation expense |
137,954
|
82,277
|
| Excess tax benefit from stock-based compensation |
(827)
|
(4,688)
|
| Deferred income taxes |
282
|
(3,132)
|
| Changes in operating assets and liabilities |
|
|
| Accounts receivable, net |
(5,150)
|
(16,509)
|
| Prepaid expenses, deposits and other assets |
(10,355)
|
(13,166)
|
| Income taxes receivable |
72
|
21
|
| Deferred revenue |
49,868
|
37,807
|
| Accounts payable and accrued liabilities |
32,043
|
26,612
|
| Income taxes payable |
517
|
157
|
| Net cash provided by operating activities |
106,134
|
83,221
|
| Investing activities |
|
|
| Purchases of property and equipment |
(42,334)
|
(32,792)
|
| Business combinations |
(16,399)
|
(1,000)
|
| Net cash used in investing activities |
(58,733)
|
(33,792)
|
| Financing activities |
|
|
| Proceeds from issuance of common stock |
21,203
|
16,110
|
| Excess tax benefit from stock-based compensation |
827
|
4,688
|
| Net cash provided by financing activities |
22,030
|
20,798
|
| Effect of exchange rate changes on cash and cash equivalents |
(738)
|
(649)
|
| Net increase in cash and cash equivalents |
68,693
|
69,578
|
| Cash and cash equivalents |
|
|
| Beginning of period |
795,900
|
680,613
|
| End of period |
864,593
|
750,191
|
| Non-cash activities |
|
|
| Accrued purchases of property and equipment |
10,928
|
8,937
|
| Asset retirement obligations recognized, net |
$ 585
|
$ 447
|