|
Composition of Certain Financial Statement Captions (Tables)
|
12 Months Ended |
|
Dec. 31, 2014
|
| Composition of Certain Financial Statement Captions |
|
| Schedule of cash, cash equivalents and investments |
Cash, cash equivalents and investments consisted of the following:
|
|
|
|
|
|
|
|
|
|
As of December 31, |
|
2013 |
|
2014 |
|
(in thousands) |
Cash and cash equivalents |
|
|
|
|
|
Cash |
$ |
89,176 |
|
|
$ |
72,487 |
|
Money market funds |
98,437 |
|
|
89,113 |
|
Commercial paper |
54,247 |
|
|
9,349 |
|
Corporate debt securities |
3,895 |
|
|
5,008 |
|
Total cash and cash equivalents |
$ |
245,755 |
|
|
$ |
175,957 |
|
Short-term investments |
|
|
|
|
|
Commercial paper |
$ |
47,526 |
|
|
$ |
45,443 |
|
Corporate debt securities |
50,436 |
|
|
128,691 |
|
U.S. government and government agency debt securities |
700 |
|
|
4,497 |
|
Total short-term investments |
$ |
98,662 |
|
|
$ |
178,631 |
|
Long-term investments |
|
|
|
|
|
Corporate debt securities |
$ |
100,690 |
|
|
$ |
100,998 |
|
U.S. government and government agency debt securities |
4,996 |
|
|
3,245 |
|
Total long-term investments |
$ |
105,686 |
|
|
$ |
104,243 |
|
Total cash, cash equivalents and investments |
$ |
450,103 |
|
|
$ |
458,831 |
|
|
| Summary of available-for-sale securities' adjusted cost, gross unrealized gains, gross unrealized losses and fair value by significant investment category |
The following tables summarizes our available-for-sale securities’ adjusted cost, gross unrealized gains, gross unrealized losses and fair value by significant investment category as of December 31, 2013 and 2014.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2013 |
|
Adjusted
Cost
|
|
Unrealized
Gains
|
|
Unrealized
Losses
|
|
Fair
Value
|
|
(in thousands) |
Cash equivalents and marketable securities |
|
|
|
|
|
|
|
Money market funds |
$ |
98,437 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
98,437 |
|
Commercial paper |
101,773 |
|
|
— |
|
|
— |
|
|
101,773 |
|
Corporate debt securities |
155,273 |
|
|
6 |
|
|
(258 |
) |
|
155,021 |
|
U.S. government and government agency debt securities |
5,700 |
|
|
— |
|
|
(4 |
) |
|
5,696 |
|
Total cash equivalents and marketable securities |
$ |
361,183 |
|
|
$ |
6 |
|
|
$ |
(262 |
) |
|
$ |
360,927 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2014 |
|
Adjusted
Cost
|
|
Unrealized
Gains
|
|
Unrealized
Losses
|
|
Fair
Value
|
|
(in thousands) |
Cash equivalents and marketable securities |
|
|
|
|
|
|
|
Money market funds |
$ |
89,113 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
89,113 |
|
Commercial paper |
54,792 |
|
|
— |
|
|
— |
|
|
54,792 |
|
Corporate debt securities |
235,135 |
|
|
6 |
|
|
(444 |
) |
|
234,697 |
|
U.S. government and government agency debt securities |
7,751 |
|
|
— |
|
|
(9 |
) |
|
7,742 |
|
Total cash equivalents and marketable securities |
$ |
386,791 |
|
|
$ |
6 |
|
|
$ |
(453 |
) |
|
$ |
386,344 |
|
|
| Schedule of available-for-sale investments by contractual maturity date |
The following tables present available-for-sale investments by contractual maturity date as of December 31, 2013 and 2014.
|
|
|
|
|
|
|
|
|
|
As of December 31, 2013 |
|
Adjusted
Cost
|
|
Fair Value |
|
(in thousands) |
Due in one year or less |
$ |
255,278 |
|
|
$ |
255,241 |
|
Due after one year through three years |
105,905 |
|
|
105,686 |
|
Total |
$ |
361,183 |
|
|
$ |
360,927 |
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2014 |
|
Adjusted
Cost
|
|
Fair Value |
|
(in thousands) |
Due in one year or less |
$ |
282,206 |
|
|
$ |
282,101 |
|
Due after one year through three years |
104,585 |
|
|
104,243 |
|
Total |
$ |
386,791 |
|
|
$ |
386,344 |
|
|
| Summary of available-for-sale securities' fair value and gross unrealized losses |
The following tables summarize our available-for-sale securities’ fair value and gross unrealized losses aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position as of December 31, 2013 and 2014.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2013 |
|
Twelve Months or Less |
|
More than Twelve Months |
|
Total |
|
Fair
Value |
|
Gross Unrealized Losses |
|
Fair
Value |
|
Gross Unrealized Losses |
|
Fair
Value |
|
Gross Unrealized Losses |
|
(in thousands) |
Money market funds |
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
Commercial paper |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Corporate debt securities |
130,308 |
|
|
(258 |
) |
|
— |
|
|
— |
|
|
130,308 |
|
|
(258 |
) |
U.S. government and government agency debt securities |
5,697 |
|
|
(4 |
) |
|
— |
|
|
— |
|
|
5,697 |
|
|
(4 |
) |
Total |
$ |
136,005 |
|
|
$ |
(262 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
136,005 |
|
|
$ |
(262 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2014 |
|
Twelve Months or Less |
|
More than Twelve Months |
|
Total |
|
Fair
Value |
|
Gross Unrealized Losses |
|
Fair
Value |
|
Gross Unrealized Losses |
|
Fair
Value |
|
Gross Unrealized Losses |
|
(in thousands) |
Money market funds |
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
Commercial paper |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Corporate debt securities |
192,699 |
|
|
(422 |
) |
|
12,148 |
|
|
(22 |
) |
|
204,847 |
|
|
(444 |
) |
U.S. government and government agency debt securities |
5,240 |
|
|
(9 |
) |
|
— |
|
|
— |
|
|
5,240 |
|
|
(9 |
) |
Total |
$ |
197,939 |
|
|
$ |
(431 |
) |
|
$ |
12,148 |
|
|
$ |
(22 |
) |
|
$ |
210,087 |
|
|
$ |
(453 |
) |
|
| Schedule of accounts receivable, net |
Accounts Receivable
|
|
|
|
|
|
|
|
|
|
As of December 31, |
|
2013 |
|
2014 |
|
(in thousands) |
Accounts receivable, net |
|
|
|
Accounts receivable |
$ |
165,295 |
|
|
$ |
219,655 |
|
Allowance for doubtful accounts |
(1,272 |
) |
|
(1,218 |
) |
Total accounts receivable, net |
$ |
164,023 |
|
|
$ |
218,437 |
|
|
| Schedule of allowance for doubtful accounts |
The following table summarizes our beginning allowance for doubtful accounts balance for each period, additions, write-offs net of recoveries and the balance at the end of each period for the twelve months ended January 31, 2013, the eleven months ended December 31, 2013 and the twelve months ended December 31, 2014:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for Doubtful Accounts |
Balance at Beginning of Period |
|
Additions |
|
Write-offs, Net of Recoveries |
|
Balance at End of Period |
|
(in thousands) |
For the twelve months ended January 31, 2013 |
$ |
590 |
|
|
659 |
|
|
(488 |
) |
|
$ |
761 |
|
For the eleven months ended December 31, 2013 |
$ |
761 |
|
|
948 |
|
|
(437 |
) |
|
$ |
1,272 |
|
For the twelve months ended December 31, 2014 |
$ |
1,272 |
|
|
1,064 |
|
|
(1,118 |
) |
|
$ |
1,218 |
|
|
| Schedule of property and equipment |
Property and Equipment, net
|
|
|
|
|
|
|
|
|
|
As of December 31, |
|
2013 |
|
2014 |
|
(in thousands) |
Property and equipment |
|
|
|
Servers, computers and other related equipment |
$ |
27,361 |
|
|
$ |
39,890 |
|
Leasehold improvements |
11,314 |
|
|
25,893 |
|
Office furniture and equipment |
2,248 |
|
|
2,721 |
|
Construction in progress |
13,575 |
|
|
5,075 |
|
Software developed for internal use |
2,173 |
|
|
4,519 |
|
Total property and equipment |
$ |
56,671 |
|
|
$ |
78,098 |
|
Less accumulated depreciation and amortization |
(21,520 |
) |
|
(35,177 |
) |
Total property and equipment, net |
$ |
35,151 |
|
|
$ |
42,921 |
|
|
| Schedule of other long-term liabilities |
Other long-term liabilities consisted of the following as of December 31, 2014:
|
|
|
|
|
|
|
|
|
|
As of December 31, |
|
2013 |
|
2014 |
|
(in thousands) |
Other long-term liabilities |
|
|
|
Long-term deferred rent |
$ |
8,352 |
|
|
$ |
15,068 |
|
Other |
746 |
|
|
1,705 |
|
Total other long-term liabilities |
$ |
9,098 |
|
|
$ |
16,773 |
|
|