2021 Q1 Form 10-Q Financial Statement

#000147733321000026 Filed on May 07, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $138.1M $91.25M
YoY Change 51.29% 47.83%
Cost Of Revenue $32.08M $20.82M
YoY Change 54.09% 44.99%
Gross Profit $106.0M $70.43M
YoY Change 50.47% 48.69%
Gross Profit Margin 76.76% 77.18%
Selling, General & Admin $97.70M $73.15M
YoY Change 33.57% 56.08%
% of Gross Profit 92.19% 103.86%
Research & Development $39.53M $33.35M
YoY Change 18.51% 88.99%
% of Gross Profit 37.3% 47.36%
Depreciation & Amortization $15.22M $10.56M
YoY Change 44.07% 71.2%
% of Gross Profit 14.36% 15.0%
Operating Expenses $137.2M $106.5M
YoY Change 28.85% 65.08%
Operating Profit -$31.25M -$36.07M
YoY Change -13.35% 110.36%
Interest Expense $10.23M $67.00K
YoY Change 15174.63% -75.46%
% of Operating Profit
Other Income/Expense, Net -$9.542M $2.987M
YoY Change -419.45% 760.81%
Pretax Income -$40.80M -$33.08M
YoY Change 23.31% 96.93%
Income Tax -$800.0K -$300.0K
% Of Pretax Income
Net Earnings -$39.96M -$32.75M
YoY Change 22.04% 91.34%
Net Earnings / Revenue -28.95% -35.89%
Basic Earnings Per Share -$0.13
Diluted Earnings Per Share -$0.13 -$110.4K
COMMON SHARES
Basic Shares Outstanding 305.9M shares
Diluted Shares Outstanding 305.9M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.035B $587.9M
YoY Change 76.1% 307.95%
Cash & Equivalents $187.5M $109.1M
Short-Term Investments $847.7M $478.8M
Other Short-Term Assets $29.80M $3.215M
YoY Change 826.91% -52.01%
Inventory
Prepaid Expenses $11.23M
Receivables $71.24M $39.78M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.140B $647.6M
YoY Change 76.01% 254.27%
LONG-TERM ASSETS
Property, Plant & Equipment $135.8M $100.2M
YoY Change 35.56% 22.46%
Goodwill $17.20M $16.40M
YoY Change 4.88%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $13.21M $4.202M
YoY Change 214.35% -84.26%
Total Long-Term Assets $265.7M $210.9M
YoY Change 25.95% 87.16%
TOTAL ASSETS
Total Short-Term Assets $1.140B $647.6M
Total Long-Term Assets $265.7M $210.9M
Total Assets $1.406B $858.5M
YoY Change 63.71% 190.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $20.48M $14.30M
YoY Change 43.17% 2.88%
Accrued Expenses $73.70M $3.941M
YoY Change 1770.08% -72.82%
Deferred Revenue $66.42M $37.10M
YoY Change 79.04%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $168.1M $108.3M
YoY Change 55.28% 54.69%
LONG-TERM LIABILITIES
Long-Term Debt $392.2M $0.00
YoY Change -100.0%
Other Long-Term Liabilities $10.40M $9.104M
YoY Change 14.27% -8.96%
Total Long-Term Liabilities $10.40M $9.104M
YoY Change 14.27% -58.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $168.1M $108.3M
Total Long-Term Liabilities $10.40M $9.104M
Total Liabilities $601.5M $152.2M
YoY Change 295.25% 65.05%
SHAREHOLDERS EQUITY
Retained Earnings -$460.5M -$333.9M
YoY Change 37.91%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $804.0M $706.4M
YoY Change
Total Liabilities & Shareholders Equity $1.406B $858.5M
YoY Change 63.71% 190.54%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income -$39.96M -$32.75M
YoY Change 22.04% 91.34%
Depreciation, Depletion And Amortization $15.22M $10.56M
YoY Change 44.07% 71.2%
Cash From Operating Activities $23.49M -$14.28M
YoY Change -264.57% 47.33%
INVESTING ACTIVITIES
Capital Expenditures $22.27M $11.41M
YoY Change 95.25% 26.22%
Acquisitions $0.00 $13.64M
YoY Change -100.0%
Other Investing Activities -$44.00K -$223.0K
YoY Change -80.27% 913.64%
Cash From Investing Activities $47.78M -$8.772M
YoY Change -644.64% -157.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $150.0K $70.00K
YoY Change 114.29% 1650.0%
Debt Paid & Issued, Net $0.00 $200.0K
YoY Change -100.0% 122.22%
Cash From Financing Activities $7.379M -$4.678M
YoY Change -257.74% -308.1%
NET CHANGE
Cash From Operating Activities $23.49M -$14.28M
Cash From Investing Activities $47.78M -$8.772M
Cash From Financing Activities $7.379M -$4.678M
Net Change In Cash $78.65M -$27.73M
YoY Change -383.67% -456.97%
FREE CASH FLOW
Cash From Operating Activities $23.49M -$14.28M
Capital Expenditures $22.27M $11.41M
Free Cash Flow $1.226M -$25.68M
YoY Change -104.77% 37.14%

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IncreaseDecreaseInAccountsPayable
1507000 USD
CY2021Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
10119000 USD
CY2020Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
40000 USD
CY2021Q1 cloud Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-5352000 USD
CY2020Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
131580000 USD
CY2021Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-44000 USD
CY2020Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-223000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
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47776000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8772000 USD
CY2020Q1 cloud Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-4804000 USD
CY2021Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
14646000 USD
CY2020Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
6445000 USD
CY2021Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
535000 USD
CY2020Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-1593000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
23494000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-14276000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
22268000 USD
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11405000 USD
CY2021Q1 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
3445000 USD
CY2020Q1 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
4922000 USD
CY2021Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2020Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
13639000 USD
CY2021Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
188377000 USD
CY2020Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
110609000 USD
CY2021Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
261822000 USD
CY2021Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
7964000 USD
CY2020Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2675000 USD
CY2021Q1 cloud Proceeds From Stock Options Exercised Early
ProceedsFromStockOptionsExercisedEarly
95000 USD
CY2020Q1 cloud Proceeds From Stock Options Exercised Early
ProceedsFromStockOptionsExercisedEarly
32000 USD
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
150000 USD
CY2020Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
70000 USD
CY2021Q1 us-gaap Repayments Of Long Term Debt
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0 USD
CY2020Q1 us-gaap Repayments Of Long Term Debt
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200000 USD
CY2021Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
530000 USD
CY2020Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
7115000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
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7379000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
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-4678000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
78649000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-27726000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
118146000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
145636000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
196795000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
117910000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
30000 USD
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
34000 USD
CY2021Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
656000 USD
CY2020Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
163000 USD
CY2021Q1 cloud Cash Paid For Operating Lease Liabilities
CashPaidForOperatingLeaseLiabilities
5174000 USD
CY2020Q1 cloud Cash Paid For Operating Lease Liabilities
CashPaidForOperatingLeaseLiabilities
4477000 USD
CY2021Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
660000 USD
CY2020Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
578000 USD
CY2021Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2827000 USD
CY2020Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4522000 USD
CY2021Q1 cloud Share Based Payment Arrangement Vesting Of Early Exercised Stock Options
ShareBasedPaymentArrangementVestingOfEarlyExercisedStockOptions
1031000 USD
CY2020Q1 cloud Share Based Payment Arrangement Vesting Of Early Exercised Stock Options
ShareBasedPaymentArrangementVestingOfEarlyExercisedStockOptions
1223000 USD
CY2021Q1 cloud Business Combination Indemnity Holdback Consideration
BusinessCombinationIndemnityHoldbackConsideration
0 USD
CY2020Q1 cloud Business Combination Indemnity Holdback Consideration
BusinessCombinationIndemnityHoldbackConsideration
2188000 USD
CY2021Q1 us-gaap Stock Issued1
StockIssued1
0 USD
CY2020Q1 us-gaap Stock Issued1
StockIssued1
1104000 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3230000 USD
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2386000 USD
CY2021Q1 cloud Derecognition Of Lease
DerecognitionOfLease
0 USD
CY2020Q1 cloud Derecognition Of Lease
DerecognitionOfLease
9886000 USD
CY2021Q1 us-gaap Fiscal Period
FiscalPeriod
The Company’s fiscal year ends on December 31.
CY2021Q1 us-gaap Use Of Estimates
UseOfEstimates
Use of Estimates<span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the condensed consolidated financial statements and accompanying notes to the condensed consolidated financial statements. Such estimates include, but are not limited to, allowance for doubtful accounts, deferred contract acquisitions costs, the period of benefit generated from the Company’s deferred contract acquisition costs, the capitalization and estimated useful life of internal-use software, the assessment of recoverability of intangible assets and their estimated useful lives, useful lives of property and equipment, liability and equity allocation of convertible senior notes, the determination of the incremental borrowing rate used for operating lease liabilities, the valuation and recognition of stock-based compensation expense, uncertain tax positions, and the recognition and measurement of current and deferred income tax assets and liabilities. Management bases these estimates and assumptions on historical experience and on various other assumptions that are believed to be reasonable. Due to the COVID-19 pandemic, there is ongoing uncertainty and significant disruption in the global economy and financial markets. The Company is not aware of any specific event or circumstance that would require an update to its estimates or assumptions or a revision of the carrying value of its assets or liabilities as of May 7, 2021, the date of issuance of this Quarterly Report on Form 10-Q. These estimates and assumptions may change in the future, however, as new events occur and additional information is obtained</span><span style="background-color:#ffffff;color:#212529;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Actual results could differ materially from these estimates.</span>
CY2021Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-bottom:6pt;margin-top:18pt;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassification of prior year presentation</span></div><div><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior year amounts have been reclassified for consistency with the current year presentation. Specifically, Accrued compensation is now presented as a separate line item on the condensed consolidated balance sheets and was previously included within Accrued expense and other current liabilities.</span></div>
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
138055000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
91250000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
138055000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
91250000 USD
CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
33900000 USD
CY2020Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
20200000 USD
CY2020Q4 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
44176000 USD
CY2019Q4 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
25184000 USD
CY2021Q1 cloud Capitalized Contract Cost Additions
CapitalizedContractCostAdditions
10866000 USD
CY2020Q1 cloud Capitalized Contract Cost Additions
CapitalizedContractCostAdditions
6486000 USD
CY2021Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
6060000 USD
CY2020Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
3499000 USD
CY2021Q1 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
48982000 USD
CY2020Q1 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
28171000 USD
CY2021Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
438800000 USD
CY2021Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.76
CY2021Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2021Q1 cloud Cash And Cash Equivalents And Debt Securities Available For Sale Amortized Cost
CashAndCashEquivalentsAndDebtSecuritiesAvailableForSaleAmortizedCost
1044433000 USD
CY2021Q1 cloud Cash And Cash Equivalents And Debt Securities Available For Sale Accumulated Gross Unrealized Gain Before Tax
CashAndCashEquivalentsAndDebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainBeforeTax
197000 USD
CY2021Q1 cloud Cash And Cash Equivalents And Debt Securities Available For Sale Accumulated Gross Unrealized Loss Before Tax
CashAndCashEquivalentsAndDebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedLossBeforeTax
87000 USD
CY2021Q1 cloud Cash And Cash Equivalents And Debt Securities Available For Sale
CashAndCashEquivalentsAndDebtSecuritiesAvailableForSale
1044543000 USD
CY2020Q4 cloud Cash And Cash Equivalents And Debt Securities Available For Sale Amortized Cost
CashAndCashEquivalentsAndDebtSecuritiesAvailableForSaleAmortizedCost
1041108000 USD
CY2020Q4 cloud Cash And Cash Equivalents And Debt Securities Available For Sale Accumulated Gross Unrealized Gain Before Tax
CashAndCashEquivalentsAndDebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainBeforeTax
270000 USD
CY2020Q4 cloud Cash And Cash Equivalents And Debt Securities Available For Sale Accumulated Gross Unrealized Loss Before Tax
CashAndCashEquivalentsAndDebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedLossBeforeTax
31000 USD
CY2020Q4 cloud Cash And Cash Equivalents And Debt Securities Available For Sale
CashAndCashEquivalentsAndDebtSecuritiesAvailableForSale
1041347000 USD
CY2021Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
6700000 USD
CY2020Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
6700000 USD
CY2021Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
784300000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
866500000 USD
CY2021Q1 cloud Debt Securities Available For Sale Maturity Allocated And Single Maturity Date After One Year Amortized Cost
DebtSecuritiesAvailableForSaleMaturityAllocatedAndSingleMaturityDateAfterOneYearAmortizedCost
63300000 USD
CY2020Q4 cloud Debt Securities Available For Sale Maturity Allocated And Single Maturity Date After One Year Amortized Cost
DebtSecuritiesAvailableForSaleMaturityAllocatedAndSingleMaturityDateAfterOneYearAmortizedCost
56500000 USD
CY2021Q1 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
0 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
200000 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2100000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1700000 USD
CY2021Q1 cloud Accounts Receivable Credit Loss Expense
AccountsReceivableCreditLossExpense
1400000 USD
CY2020Q1 cloud Accounts Receivable Credit Loss Expense
AccountsReceivableCreditLossExpense
2200000 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1000000.0 USD
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
500000 USD
CY2021Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
231812000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
206296000 USD
CY2021Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
96017000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
82608000 USD
CY2021Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
135795000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
123688000 USD
CY2021Q1 us-gaap Depreciation
Depreciation
14000000.0 USD
CY2020Q1 us-gaap Depreciation
Depreciation
9900000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
17200000 USD
CY2021Q1 us-gaap Goodwill
Goodwill
17200000 USD
CY2021Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2020Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
5600000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3500000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2100000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
5600000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2800000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2800000 USD
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
700000 USD
CY2020Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
700000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
2100000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2100000 USD
CY2021Q1 cloud Lessor Operating Lease Remaining Lease Term
LessorOperatingLeaseRemainingLeaseTerm
P0Y1M6D
CY2021Q1 us-gaap Sublease Income
SubleaseIncome
700000 USD
CY2020Q1 us-gaap Sublease Income
SubleaseIncome
700000 USD
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
5497000 USD
CY2020Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
4543000 USD
CY2021Q1 us-gaap Sublease Income
SubleaseIncome
747000 USD
CY2020Q1 us-gaap Sublease Income
SubleaseIncome
707000 USD
CY2021Q1 us-gaap Lease Cost
LeaseCost
4750000 USD
CY2020Q1 us-gaap Lease Cost
LeaseCost
3836000 USD
CY2021Q1 cloud Lessee Operating Lease Lease Not Yet Commenced Undiscounted Amount
LesseeOperatingLeaseLeaseNotYetCommencedUndiscountedAmount
35700000 USD
CY2021Q1 us-gaap Lessee Operating Lease Lease Not Yet Commenced Term Of Contract1
LesseeOperatingLeaseLeaseNotYetCommencedTermOfContract1
P4Y8M12D
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y9M18D
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.032
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
14473000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
15657000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
9137000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5035000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
923000 USD
CY2021Q1 cloud Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
384000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
45609000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1992000 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
43617000 USD
CY2020Q2 us-gaap Proceeds From Convertible Debt
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562500000 USD
CY2021Q1 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
37.43
CY2020Q2 us-gaap Debt Instrument Convertible Carrying Amount Of The Equity Component
DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent
205300000 USD
CY2021Q1 cloud Debt Instrument Convertible Carrying Amount Of Equity Component Gross
DebtInstrumentConvertibleCarryingAmountOfEquityComponentGross
205290000 USD
CY2020Q4 cloud Debt Instrument Convertible Carrying Amount Of Equity Component Gross
DebtInstrumentConvertibleCarryingAmountOfEquityComponentGross
205290000 USD
CY2021Q1 cloud Debt Instrument Convertible Equity Component Issuance Costs
DebtInstrumentConvertibleEquityComponentIssuanceCosts
4478000 USD
CY2020Q4 cloud Debt Instrument Convertible Equity Component Issuance Costs
DebtInstrumentConvertibleEquityComponentIssuanceCosts
4478000 USD
CY2021Q1 us-gaap Debt Instrument Convertible Carrying Amount Of The Equity Component
DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent
200812000 USD
CY2020Q4 us-gaap Debt Instrument Convertible Carrying Amount Of The Equity Component
DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent
200812000 USD
CY2021Q1 us-gaap Share Price
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70.26
CY2021Q1 us-gaap Debt Instrument Convertible If Converted Value In Excess Of Principal
DebtInstrumentConvertibleIfConvertedValueInExcessOfPrincipal
504400000 USD
CY2021Q1 us-gaap Debt Instrument Convertible Remaining Discount Amortization Period1
DebtInstrumentConvertibleRemainingDiscountAmortizationPeriod1
P50M
CY2021Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
1078000 USD
CY2020Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
0 USD
CY2021Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
8568000 USD
CY2020Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
0 USD
CY2021Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
403000 USD
CY2020Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
0 USD
CY2021Q1 us-gaap Interest And Debt Expense
InterestAndDebtExpense
10049000 USD
CY2020Q1 us-gaap Interest And Debt Expense
InterestAndDebtExpense
0 USD
CY2021Q1 cloud Shares Covered By Capped Calls
SharesCoveredByCappedCalls
15400000 shares
CY2021Q1 cloud Adjustments To Additional Paid In Capital Purchases Of Capped Calls Related To Convertible Debt
AdjustmentsToAdditionalPaidInCapitalPurchasesOfCappedCallsRelatedToConvertibleDebt
67300000 USD
CY2021Q1 cloud Long Term Purchase Commitment Costs And Expenses
LongTermPurchaseCommitmentCostsAndExpenses
16400000 USD
CY2020Q1 cloud Long Term Purchase Commitment Costs And Expenses
LongTermPurchaseCommitmentCostsAndExpenses
10600000 USD
CY2021Q1 us-gaap Purchase Obligation
PurchaseObligation
20543000 USD
CY2021Q1 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear
3752000 USD
CY2021Q1 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
6708000 USD
CY2021Q1 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
4314000 USD
CY2021Q1 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
741000 USD
CY2021Q1 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
752000 USD
CY2021Q1 cloud Purchase Obligation To Be Paid After Year Four
PurchaseObligationToBePaidAfterYearFour
4276000 USD
CY2021Q1 cloud Long Term Commitment Bandwidth And Co Location Commitments
LongTermCommitmentBandwidthAndCoLocationCommitments
57091000 USD
CY2021Q1 cloud Long Term Commitment Bandwidth And Co Location Commitments Future Minimum Payments Remainder Of Fiscal Year
LongTermCommitmentBandwidthAndCoLocationCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear
17893000 USD
CY2021Q1 cloud Long Term Commitment Bandwidth And Co Location Commitments Due In First Year
LongTermCommitmentBandwidthAndCoLocationCommitmentsDueInFirstYear
19138000 USD
CY2021Q1 cloud Long Term Commitment Bandwidth And Co Location Commitments Due In Second Year
LongTermCommitmentBandwidthAndCoLocationCommitmentsDueInSecondYear
8579000 USD
CY2021Q1 cloud Long Term Commitment Bandwidth And Co Location Commitments Due In Third Year
LongTermCommitmentBandwidthAndCoLocationCommitmentsDueInThirdYear
4733000 USD
CY2021Q1 cloud Long Term Commitment Bandwidth And Co Location Commitments Due In Fourth Year
LongTermCommitmentBandwidthAndCoLocationCommitmentsDueInFourthYear
4260000 USD
CY2021Q1 cloud Long Term Commitment Bandwidth And Co Location Commitments Due After Fourth Year
LongTermCommitmentBandwidthAndCoLocationCommitmentsDueAfterFourthYear
2488000 USD
CY2021Q1 us-gaap Other Commitment
OtherCommitment
2187000 USD
CY2021Q1 us-gaap Other Commitments Future Minimum Payments Remainder Of Fiscal Year
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0 USD
CY2021Q1 us-gaap Other Commitment Due In Fourth Year
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0 USD
CY2021Q1 cloud Other Commitment To Be Paid After Year Four
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0 USD
CY2021Q1 us-gaap Contractual Obligation
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CY2021Q1 us-gaap Contractual Obligation Due In Second Year
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CY2021Q1 us-gaap Contractual Obligation Due In Third Year
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CY2021Q1 us-gaap Contractual Obligation Due In Fourth Year
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5012000 USD
CY2021Q1 cloud Contractual Obligation To Be Paid After Year Four
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CY2021Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
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CY2020Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
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CY2021Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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P6Y8M12D
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CY2021Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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2.73
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
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CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
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1118271000 USD
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15555000 shares
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2.58
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CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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0 shares
CY2021Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
5800000 USD
CY2020Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
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1900000 USD
CY2021Q1 us-gaap Stock Issued During Period Shares Acquisitions
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CY2021Q1 us-gaap Allocated Share Based Compensation Expense
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18038000 USD
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
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12897000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
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CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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34902000 shares
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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44165000 shares
CY2020Q1 us-gaap Income Tax Expense Benefit
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-300000 USD
CY2021Q1 us-gaap Property Plant And Equipment Net
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135795000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
123688000 USD

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