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FY2020
12 months to Dec 31, 2020
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FY2019
12 months to Dec 31, 2019
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FY2018
12 months to Dec 31, 2018
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|---|---|---|---|
| Operating activities | |||
| Net loss | |||
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation of property and equipment | |||
| Amortization of acquired intangible assets | |||
| Amortization of course creation costs | |||
| Equity-based compensation | |||
| Provision for doubtful accounts | |||
| Amortization of deferred contract acquisition costs | |||
| Amortization of debt discount and issuance costs | |||
| Investment discount and premium amortization, net | |||
| Loss on debt extinguishment | |||
| Deferred tax benefit | |||
| Other | |||
| Changes in assets and liabilities, net of acquired assets and liabilities: | |||
| Accounts receivable | |||
| Deferred contract acquisition costs | |||
| Prepaid expenses and other assets | |||
| Right-of-use assets | |||
| Accounts payable | |||
| Accrued expenses and other liabilities | |||
| Accrued author fees | |||
| Related party note payable | |||
| Lease liabilities | |||
| Deferred revenue | |||
| Net cash provided by (used in) operating activities | |||
| Investing activities | |||
| Purchases of property and equipment | |||
| Purchases of content library | |||
| Cash paid for acquisitions, net of cash acquired | |||
| Purchases of investments | |||
| Proceeds from sales of investments | |||
| Proceeds from maturities of investments | |||
| Net cash provided by (used in) investing activities | |||
| Financing activities | |||
| Proceeds from issuance of common stock from employee equity plans | |||
| Taxes paid related to net share settlement | |||
| Proceeds from issuance of convertible senior notes, net of discount and issuance costs | |||
| Purchase of capped calls related to issuance of convertible senior notes | |||
| Repurchases of convertible senior notes | |||
| Proceeds from terminations of capped calls related to repurchases of convertible senior notes | |||
| Proceeds from initial public offering, net of underwriting discounts and commissions | |||
| Payments of costs related to initial public offering | |||
| Borrowings of long-term debt | |||
| Repayments of long-term debt | |||
| Payments of debt extinguishment costs | |||
| Payments of debt issuance costs | |||
| Payments to settle equity appreciation rights | |||
| Proceeds from the issuance of Series C redeemable convertible preferred units, net of issuance costs | |||
| Proceeds from the issuance of common units, net of issuance costs | |||
| Redemption of incentive units | |||
| Repayments of related-party note payable | |||
| Deemed landlord financing proceeds | |||
| Other | |||
| Net cash provided by financing activities | |||
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | |||
| Net increase (decrease) in cash, cash equivalents, and restricted cash | |||
| Cash, cash equivalents, and restricted cash, beginning of period | |||
| Cash, cash equivalents, and restricted cash, end of period | |||
| Supplemental cash flow disclosure: | |||
| Cash paid for interest | |||
| Cash paid for income taxes, net | |||
| Supplemental disclosure of non-cash investing and financing activities: | |||
| Lease liabilities arising from obtaining right-of-use assets | |||
| Unpaid capital expenditures | |||
| Equity-based compensation capitalized as internal-use software | |||
| Unrealized gains on investments | |||
| 401(k) equity match | |||
| Contingent consideration liabilities | |||
| Conversion of redeemable convertible preferred units | |||
| Redeemable convertible preferred unit accretion | |||
| Property acquired under build-to-suit lease agreements | |||
| Costs related to initial public offering, accrued but not yet paid | |||
| Issuance of warrants to purchase shares of Class A common stock | |||
| Reconciliation of cash, cash equivalents and restricted cash as shown in the statement of cash flows: | |||
| Cash and cash equivalents | |||
| Restricted cash |
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