Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands |
6 Months Ended | ||||
|---|---|---|---|---|---|
Jun. 30, 2017 |
Jun. 30, 2016 |
||||
| Operating activities | |||||
| Net loss | $ (97,169) | $ (93,100) | |||
| Adjustments to reconcile net loss to net cash provided by operating activities | |||||
| Depreciation and amortization expense | 23,837 | 16,001 | |||
| Stock-based compensation expense | 101,309 | 90,571 | |||
| Deferred income taxes | 465 | 239 | |||
| Changes in operating assets and liabilities | |||||
| Accounts receivable, net | 72,493 | (2,176) | |||
| Prepaid expenses, deposits and other assets | 19,519 | (419) | |||
| Income taxes receivable | (97) | 72 | |||
| Deferred revenue | 30,072 | 31,654 | |||
| Accounts payable and accrued liabilities | (16,421) | 18,086 | |||
| Income taxes payable | 523 | 105 | |||
| Net cash provided by operating activities | 134,531 | 61,033 | [1] | ||
| Investing activities | |||||
| Purchases of property and equipment | (33,860) | (23,452) | |||
| Business combination | 0 | (16,399) | |||
| Net cash used in investing activities | (33,860) | (39,851) | |||
| Financing activities | |||||
| Proceeds from issuance of common stock | 21,646 | 18,040 | |||
| Repurchases of common stock | (40,014) | 0 | |||
| Net cash provided by (used in) financing activities | (18,368) | 18,040 | [1] | ||
| Effect of exchange rate changes on cash and cash equivalents | 1,884 | (375) | |||
| Net increase in cash and cash equivalents | 84,187 | 38,847 | |||
| Cash and cash equivalents | |||||
| Beginning of period | 908,717 | 795,900 | |||
| End of period | 992,904 | 834,747 | |||
| Non-cash activities | |||||
| Accrued purchases of property and equipment | 1,875 | 14,663 | |||
| Asset retirement obligations recognized, net | $ 0 | $ 70 | |||
| |||||