Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.20.4
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Net income (loss) $ 48,760 $ (464,726)
Adjustments to reconcile net income (loss) to cash provided by (used in) operations:    
Depreciation 6,589 5,977
Amortization 39,046 44,098
Share-based compensation 43,091 209,684
Deferred income taxes (3,014) (45,686)
Other (1,240) 4,006
Net change in operating assets and liabilities:    
Accounts receivable (37,693) (49,022)
Deferred commissions (6,380) (13,484)
Prepaid expenses and other assets 25,920 (244)
Accounts payable and accrued expenses 14,891 37,396
Operating leases, net 599  
Deferred revenue 3,996 64,905
Net cash provided by (used in) operating activities 134,565 (207,096)
Cash flows from investing activities:    
Purchase of property and equipment (8,868) (15,143)
Capitalized software additions (248) (729)
Net cash used in investing activities (9,116) (15,872)
Cash flows from financing activities:    
Proceeds from initial public offering, net of underwriters' discounts and commissions 0 590,297
Settlement of deferred offering costs 0 (5,000)
Repayment of term loans (60,000) (485,189)
Contribution for tax associated with reorganization 0 265,000
Proceeds from employee stock purchase plan 9,195 0
Proceeds from exercise of stock options 6,849 0
Equity repurchases (36) (150)
Installments related to acquisition 0 (4,694)
Net cash (used in) provided by financing activities (43,992) 360,264
Effect of exchange rates on cash and cash equivalents 4,878 (55)
Net increase in cash and cash equivalents 86,335 137,241
Cash and cash equivalents, beginning of period 213,170 51,314
Cash and cash equivalents, end of period 299,505 188,555
Supplemental cash flow data:    
Cash paid for interest 9,914 34,001
Cash (received from) paid for tax (14,472) 268,281
Non-cash financing activities:    
Reclassification of related party payable upon reorganization $ 0 $ (600,622)