22 unchanged sentences
under the Securities Act of 1933, as amended, or the Securities Act of 1934 Exchange, as amended.
−Removed: Selected Financial Data
−Removed: The following selected consolidated statement of operations data for the years ended December 31, 2020, 2019 and 2018 and the selected consolidated balance sheet data as of December 31, 2020 and 2019 are derived from our audited consolidated financial statements included elsewhere in this Form 10-K.
−Removed: The following selected consolidated statement of operations data for the years ended December 31, 2017 and 2016 and the selected consolidated balance sheet data as of December 31, 2018, 2017 and 2016 are derived from our audited consolidated financial statements that are not included in this report.
−Removed: Our historical results are not necessarily indicative of the results that may be expected in the future.
−Removed: You should read the following selected financial data in conjunction with the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” our consolidated financial statements, related notes, and other financial information included elsewhere in this Form 10-K.
−Removed: Year Ended December 31,
−Removed: 2020 2019 2018 2017 2016
−Removed: (in thousands, except per share data)
−Removed: Revenue $ 434,908 $ 328,006 $ 257,664 $ 200,225 $ 162,090
−Removed: Cost of revenue (1)(2)
−Removed: 180,284 134,511 104,034 83,104 66,934
−Removed: Gross profit 254,624 193,495 153,630 117,121 95,156
−Removed: Operating expenses:
−Removed: Research and development (1)(2)
−Removed: 68,747 45,190 34,172 27,120 23,878
−Removed: Sales and marketing (1)(2)
−Removed: 132,413 95,592 72,001 66,570 52,748
−Removed: General and administrative (1)(2)
−Removed: 65,769 49,446 40,448 29,151 25,072
−Removed: Total operating expenses 266,929 190,228 146,621 122,841 101,698
−Removed: Income (loss) from operations (12,305) 3,267 7,009 (5,720) (6,542)
−Removed: Other income (expense), net:
−Removed: Loss on early extinguishment of debt (6,964) — — — (1,026)
−Removed: Interest and other (25,314) (7,715) (6,930) (2,981) (4,238)
−Removed: Total other income (expense), net (32,278) (7,715) (6,930) (2,981) (5,264)
−Removed: Income (loss) before income taxes (44,583) (4,448) 79 (8,701) (11,806)
−Removed: Provision for (benefit from) income taxes (2,453) 104 300 268 54
−Removed: Net loss $ (42,130) $ (4,552) $ (221) $ (8,969) $ (11,860)
−Removed: Net loss per share:
−Removed: Basic and diluted $ (0.66) $ (0.08) $ — $ (0.16) $ (0.23)
−Removed: Shares used in computing net loss per share:
−Removed: Basic and diluted 64,154 60,371 58,076 54,946 52,342
−Removed: (1) Depreciation and amortization expenses included in our results of operations are as follows (in thousands):
−Removed: Year Ended December 31,
−Removed: 2020 2019 2018 2017 2016
−Removed: Cost of revenue $ 20,179 $ 10,856 $ 7,808 $ 6,300 $ 6,573
−Removed: Research and development 1,964 1,801 1,036 795 737
−Removed: Sales and marketing 5 6 95 120 221
−Removed: General and administrative 2,939 1,711 1,335 1,099 859
−Removed: Total depreciation and amortization $ 25,087 $ 14,374 $ 10,274 $ 8,314 $ 8,390
−Removed: (2) Stock-based compensation expense is included in our results of operations as follows (in thousands):
−Removed: Year Ended December 31,
−Removed: 2020 2019 2018 2017 2016
−Removed: Cost of revenue $ 9,422 $ 6,334 $ 3,333 $ 2,202 $ 1,375
−Removed: Research and development 14,043 7,658 5,303 3,042 2,059
−Removed: Sales and marketing 20,164 11,368 6,307 4,364 2,363
−Removed: General and administrative 21,118 16,705 13,541 5,735 3,846
−Removed: Total stock-based compensation $ 64,747 $ 42,065 $ 28,484 $ 15,343 $ 9,643
−Removed: 2020 2019 2018 2017 2016
−Removed: (in thousands)
−Removed: Consolidated Balance Sheet Data:
−Removed: Cash, cash equivalents and marketable investments $ 645,670 $ 319,949 $ 291,819 $ 68,947 $ 58,122
−Removed: Working capital 585,557 315,282 286,008 53,317 40,933
−Removed: Total assets 1,063,742 482,380 394,666 128,196 105,239
−Removed: Total debt and finance leases 643,928 213,931 207,919 46,742 45,799
−Removed: Additional paid-in capital 474,678 351,870 294,279 222,202 196,555
−Removed: Total stockholders’ equity 279,164 196,458 142,748 46,838 30,328
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.