7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 
                                               
      cash flows from operating activities
    		                                           
      net income
    		75,503,000 28,840,000 -52,096,000 129,906,000 57,366,000 53,005,000 63,004,000 83,266,000 87,850,000 61,915,000 74,537,000 109,548,000 -963,068,000 73,123,000 86,109,000 161,557,000 89,930,000 98,254,000 143,766,000 148,538,000 91,761,000 96,425,000 12,522,000 31,291,000 14,801,000 18,223,000 31,579,000 41,251,000 19,894,000 3,379,000 12,967,000    -421,000    1,192,000     
      adjustments to reconcile net income to net cash from operating activities:
    		                                           
      stock-based compensation expense
    		60,772,000 58,510,000 62,108,000 68,155,000 69,292,000 74,717,000 70,683,000 68,476,000 70,118,000 77,281,000 68,683,000 64,355,000 52,905,000 64,357,000 49,271,000 49,863,000 42,256,000 27,440,000 20,351,000 17,450,000 17,128,000 16,725,000 13,811,000 13,339,000 12,137,000 10,837,000 8,082,000 12,648,000 8,191,000 7,898,000 5,740,000 5,266,000 6,797,000 6,549,000 4,043,000 4,160,000 2,975,000 3,452,000 2,581,000 2,422,000 2,204,000 2,222,000 2,133,000 
      depreciation and amortization expense
    		24,263,000 25,398,000 27,290,000 26,402,000 27,739,000 27,087,000 26,846,000 23,033,000 22,172,000 22,946,000 23,172,000 22,794,000 24,127,000 25,027,000 24,754,000 24,991,000 23,211,000 12,985,000 13,080,000 13,101,000 15,754,000 14,171,000 15,163,000 15,271,000 12,808,000 9,810,000 10,142,000 7,626,000 6,439,000 6,357,000 6,320,000 6,577,000 7,022,000 6,660,000 6,938,000 6,905,000 5,786,000 5,103,000 4,731,000 4,509,000 4,968,000 4,732,000 4,341,000 
      provision for expected credit losses
    		2,192,000 2,523,000 2,385,000 1,809,000 2,820,000 3,243,000 4,078,000 5,244,000 4,132,000 5,289,000 4,969,000 4,843,000 2,212,000 2,300,000 3,109,000 3,038,000 3,103,000 5,289,000 4,601,000 5,461,000                        
      deferred provision for income taxes
    		               -10,321,000 -57,503,000                           
      asset impairment charge
    		0 0 101,703,000                                         
      other non-cash expense
    		1,885,000 18,914,000 15,369,000   -6,490,000 -5,066,000 -2,228,000 1,722,000 -1,296,000 -99,000 -1,326,000 1,861,000 1,337,000 3,321,000 -4,799,000 2,044,000 1,096,000 1,184,000  1,386,000 1,315,000 530,000                     
      changes in operating assets and liabilities
    		                                           
      current assets
    		-51,079,000 -9,210,000 49,192,000  85,615,000 -2,267,000 52,456,000  -39,648,000 -34,656,000 34,726,000  -8,730,000 -12,047,000 32,195,000  -55,697,000 18,179,000 -11,580,000  -23,551,000 -49,191,000 -2,784,000  28,153,000 -2,991,000 -48,293,000                 
      non-current assets
    		376,000 2,037,000 1,093,000  1,113,000 -2,776,000 1,652,000  913,000 -5,927,000 1,050,000  3,983,000 726,000 1,711,000  -7,823,000 2,525,000 1,231,000  -1,599,000 4,079,000 915,000  802,000 1,029,000 1,008,000                 
      current liabilities
    		85,009,000 -19,013,000 -156,121,000  -23,391,000 -1,606,000 -140,027,000  49,585,000 223,000 -137,660,000  58,704,000 -21,487,000 -126,048,000  35,806,000 -24,628,000 -16,597,000  55,927,000 117,942,000 -27,235,000  -23,878,000 11,811,000 25,815,000                 
      non-current liabilities
    		-2,243,000 -1,386,000 802,000  -3,192,000 5,209,000 637,000  3,121,000 2,327,000 -8,390,000  7,983,000 1,439,000 1,206,000  18,783,000 -2,814,000 -379,000  2,034,000 -4,166,000 -840,000  -1,171,000 -2,310,000 -672,000                 
      net cash from operating activities
    		218,970,000 108,137,000 49,183,000 314,959,000 217,416,000 151,061,000 69,033,000 295,105,000 218,506,000 136,271,000 55,631,000 291,750,000 206,564,000 125,754,000 59,544,000 290,459,000 90,930,000 121,697,000 148,465,000 243,667,000 185,194,000 220,431,000 29,664,000               17,249,000 1,786,000 10,204,000 5,375,000 4,737,000 8,895,000 
      capital expenditures
    		-4,008,000 -6,864,000 -3,248,000 -4,034,000 -4,266,000 -3,651,000 -2,257,000 -5,198,000 -3,888,000 -1,603,000 -2,249,000 -1,886,000 -2,718,000 -2,421,000 -3,212,000 -5,508,000 -3,823,000 -1,391,000 -526,000 -1,057,000 -179,000 358,000 -567,000               -15,408,000 -10,870,000 -1,592,000 -4,980,000 -2,692,000 -1,852,000 
      free cash flows
    		214,962,000 101,273,000 45,935,000 310,925,000 213,150,000 147,410,000 66,776,000 289,907,000 214,618,000 134,668,000 53,382,000 289,864,000 203,846,000 123,333,000 56,332,000 284,951,000 87,107,000 120,306,000 147,939,000 242,610,000 185,015,000 220,789,000 29,097,000               1,841,000 -9,084,000 8,612,000 395,000 2,045,000 7,043,000 
      cash flows from investing activities
    		                                           
      purchases of property and equipment
    		-4,008,000 -6,864,000 -3,248,000 -4,034,000 -4,266,000 -3,651,000 -2,257,000 -5,198,000 -3,888,000 -1,603,000 -2,249,000 -1,886,000 -2,718,000 -2,421,000 -3,212,000 -5,508,000 -3,823,000 -1,391,000 -526,000 -1,057,000 -179,000 358,000 -567,000 -1,639,000 -2,142,000 -3,064,000 -683,000 -577,000 -138,000 -112,000 -192,000 -76,000 -279,000 -893,000 -2,700,000 -1,828,000 -7,875,000 -15,408,000 -10,870,000 -1,592,000 -4,980,000 -2,692,000 -1,852,000 
      website and app development
    		-9,844,000 -10,802,000 -10,662,000                                         
      purchases of investments
    		-53,521,000 -80,612,000 -116,958,000 -63,828,000 -74,072,000 -50,504,000 -142,359,000 -54,624,000 -90,661,000 -80,669,000 -116,896,000                                 
      sales and maturities of investments
    		43,356,000 74,015,000 110,192,000 57,950,000 78,090,000 58,154,000 126,966,000 47,862,000 90,282,000 82,302,000 89,005,000                                 
      proceeds from sale of business, net of cash
    		0                                           
      net cash from investing activities
    		-24,017,000 76,222,000 -20,676,000 -16,342,000 -9,015,000 -2,638,000 -25,106,000 -19,324,000 -11,270,000 -6,616,000 -36,097,000 -88,000 -3,464,000 -16,317,000 -10,155,000 -23,108,000 -1,454,658,000 100,807,000 -181,010,000 -53,022,000 18,911,000 16,639,000 6,093,000               -5,880,000 -114,426,000 -5,148,000 -6,115,000 -5,395,000 -6,625,000 
      cash flows from financing activities
    		                                           
      payment of tax obligations on vested equity awards
    		-13,567,000 -20,790,000 -8,169,000 -19,452,000 -9,129,000 -27,071,000 -5,936,000 -25,433,000 -8,752,000 -40,062,000 -9,194,000 -31,145,000 -8,231,000 -27,499,000 -12,288,000 -49,020,000 -12,654,000 -41,691,000 -14,802,000 -27,905,000 -9,260,000 -6,353,000 -4,198,000 -8,942,000 -7,448,000 -10,485,000 -5,672,000                 
      repurchase of stock
    		-119,818,000 -334,675,000 -189,177,000 -259,585,000 -155,588,000 -150,382,000 -158,344,000 -92,981,000 -296,950,000 -38,855,000 -148,182,000 -150,419,000 -150,572,000 -62,168,000 -62,568,000 -68,347,000 -54,427,000   -77,491,000 -166,170,000 0 -24,992,000 -22,195,000 -127,298,000 0 -27,492,000 -44,986,000 0 -21,075,000 -68,586,000    -797,000 -625,000 -453,000       
      proceeds from exercise of stock options
    		9,677,000 2,709,000 2,945,000 77,000 1,095,000 483,000 2,252,000 5,780,000 2,693,000 2,750,000 3,005,000 6,812,000 2,754,000 2,064,000 3,394,000 11,839,000 2,830,000 4,107,000 3,930,000 6,833,000 6,309,000 7,281,000 4,896,000 857,000 1,094,000 1,910,000 5,930,000 2,680,000 4,848,000 476,000 10,249,000 11,902,000 15,560,000 5,776,000 600,000 2,760,000 4,914,000 1,671,000 1,223,000 1,341,000 227,000 870,000 1,188,000 
      proceeds from issuance of convertible senior notes
    		0               0 0   0    0    0 0 0 345,000,000             
      payment of debt issuance costs
    		-839,000       0 -29,000 -141,000 -2,045,000 0 0 0 -25,000 -451,000 -283,000 -12,541,000 -25,000 -767,000 -9,750,000 0 -14,000 -762,000 -9,750,000 -200,000 -1,192,000 0 -401,000 -434,000 -9,127,000             
      payments on finance lease obligations
    		-1,549,000 -1,531,000 -1,514,000 -1,500,000 -1,505,000 -1,538,000 -1,548,000 -1,555,000 -1,573,000 -1,575,000 -1,575,000 -1,552,000 -1,567,000 -1,590,000 -1,598,000 -1,543,000 -2,434,000 -2,466,000 -2,421,000 -2,155,000 -2,129,000 -2,361,000 -2,566,000 -2,656,000 -2,702,000 -2,730,000 -2,745,000                 
      other financing
    		-558,000 -8,359,000 -8,867,000 -1,915,000 -1,403,000 3,259,000 562,000 -1,510,000 19,000 234,000 -512,000 -7,759,000 1,852,000 -5,142,000 807,000 2,141,000 -165,000 -1,187,000 1,259,000 195,000 1,928,000 -4,392,000 -5,804,000 5,117,000 1,076,000 208,000 1,864,000                 
      net cash from financing activities
    		-126,654,000 326,854,000 -204,782,000 -282,375,000 -166,530,000 -175,249,000 -163,014,000 -115,699,000 -304,592,000 -77,694,000 -158,548,000 -184,074,000 -155,765,000 -94,362,000 -72,283,000 -105,418,000 -67,143,000 664,688,000 -39,378,000 -101,292,000 259,077,000 -5,825,000 -32,678,000 -28,581,000    -53,019,000    -3,432,000 7,489,000 1,414,000 -2,032,000 2,057,000 3,952,000 -452,000 253,000 565,000 -119,000 197,487,000 1,675,000 
      effect of exchange rate changes on cash
    		-754,000 22,953,000 14,288,000 -24,003,000 17,857,000 -2,800,000 -6,399,000 12,283,000 -7,539,000 2,755,000 4,532,000 23,700,000 -16,219,000 -12,438,000 -1,065,000 -1,139,000 -3,609,000 3,012,000 -8,498,000 9,772,000 4,268,000 3,925,000 -4,018,000 1,642,000 -2,927,000 897,000 -1,458,000 -3,301,000 -519,000 -3,260,000 1,085,000 -530,000 853,000 1,288,000 -456,000 -3,573,000 -926,000 -1,816,000 -476,000 -660,000 -1,013,000 587,000 -2,865,000 
      net increase in cash and cash equivalents
    		67,545,000                                     9,101,000 -112,863,000 4,961,000 -1,872,000 197,416,000 1,080,000 
      cash and cash equivalents at beginning of period
    		0 0 811,178,000                             0 0 0 181,592,000 0 0 0 271,244,000 0 0 0 69,659,000 
      cash, cash equivalents, and restricted cash at end of period
    		     -29,626,000 788,837,000 172,365,000 -104,895,000 54,716,000 792,137,000 131,288,000 31,116,000 2,637,000 761,578,000 160,794,000 -1,434,480,000 890,204,000 1,169,019,000 99,125,000 467,450,000 235,170,000 447,695,000 -228,476,000 312,610,000 13,485,000 351,015,000 4,258,000                
      deferred benefit for income taxes
    		 1,524,000 -2,542,000 -718,000 -9,436,000 939,000 -5,230,000 -4,831,000 22,313,000 -58,600,000 -8,968,000  -11,014,000 -4,424,000 -10,517,000    -3,068,000                         
      cash and cash equivalents at end of period
    		 534,166,000 649,191,000                             55,154,000 33,403,000 32,078,000 194,807,000 -6,438,000 20,548,000 9,101,000 158,381,000 4,961,000 -1,872,000 197,416,000 70,739,000 
      changes in operating assets and liabilities:
    		                                           
      net decrease in cash and cash equivalents
    		  -161,987,000                                         
      asset impairment charges
    		       0 0                                   
      loss on sale of business
    		       0                                    
      changes in operating assets and liabilities, net of sale of business:
    		                                           
      accounts receivable
    		                           23,846,000 -7,553,000 -762,000 1,684,000 -6,687,000 -3,147,000 -85,000 1,093,000 -6,442,000 -1,885,000 -664,000 799,000 -4,772,000 -1,757,000 -256,000 46,000 
      funds receivable and seller accounts
    		                           42,834,000 -14,126,000 -1,732,000 -3,540,000 725,000 -9,766,000 -85,000 -4,351,000 3,849,000 -11,129,000 2,283,000 -5,913,000 -2,315,000 -6,125,000 1,326,000 -1,911,000 
      prepaid expenses and other current assets
    		                           -5,940,000 -1,390,000 5,006,000 -2,461,000 -3,766,000 12,509,000 -8,787,000 -4,385,000 -6,596,000 -43,000 -19,000 472,000 -801,000 -838,000 -1,727,000 3,100,000 
      other assets
    		                           11,000 0 25,000 7,000 20,000 6,000 -26,000 -28,000 2,000 -157,000 733,000 -140,000 73,000 233,000 -263,000 182,000 
      accounts payable
    		                           13,444,000 -448,000 6,988,000 -6,620,000 5,411,000 -292,000 1,122,000 -3,404,000 2,474,000 -255,000 -5,977,000 173,000 10,258,000 -2,601,000 -510,000 -419,000 
      accrued and other current liabilities
    		                           14,901,000 2,203,000 425,000 5,550,000 3,273,000 -3,994,000 6,162,000 -2,234,000         
      funds payable and amounts due to sellers
    		                           -42,834,000 14,126,000 1,732,000 3,540,000 -725,000 9,766,000 85,000 4,351,000 -3,849,000 11,129,000 -2,283,000 5,913,000 2,315,000 6,125,000 -1,327,000 1,912,000 
      deferred revenue
    		                           340,000 758,000 76,000 157,000 -78,000 485,000 -82,000 109,000 133,000 362,000 190,000 279,000 608,000 142,000 313,000 216,000 
      other liabilities
    		                           4,421,000 433,000 2,150,000 2,095,000 29,301,000 -24,991,000 574,000 677,000 2,855,000 558,000 539,000 903,000 954,000 -5,031,000 -19,937,000 19,713,000 
      cash paid for intangible assets
    		       0                                    
      net increase in cash, cash equivalents, and restricted cash
    		       172,365,000    131,288,000 31,116,000   160,794,000 -1,434,480,000   99,125,000 467,450,000   -228,476,000    4,258,000                
      cash, cash equivalents, and restricted cash at beginning of period
    		   0 0 0 914,323,000 0 0 0 926,619,000 0 0 0 785,537,000 0 0 0 1,249,440,000 0 0 0 448,634,000 0 0 0 372,326,000 0                
      other non-cash income
    		                                           
      development of internal-use software
    		    -8,767,000 -6,637,000 -7,456,000 -7,364,000 -6,991,000 -6,646,000 -5,957,000 -3,594,000 -5,345,000 -5,562,000 -6,005,000 -5,403,000 -4,435,000 -3,858,000 -3,226,000 -1,980,000 -1,642,000 -782,000 -1,261,000 -1,508,000 -1,573,000 -1,279,000 -3,390,000 -5,863,000 -5,528,000 -5,049,000 -3,097,000 -1,166,000 -1,438,000 -2,648,000 -3,956,000 -3,328,000 -2,830,000 -3,443,000 -2,168,000 -2,390,000 -2,206,000 -2,695,000 -2,428,000 
      settlement of convertible senior notes
    		       0 0 -45,000 -45,000 -11,000 -1,000 -27,000 -5,000 -37,000 -10,000 -16,534,000 -27,319,000 -2,000                        
      net decrease in cash, cash equivalents, and restricted cash
    		    59,728,000 -29,626,000 -125,486,000   54,716,000 -134,482,000    -23,959,000    -80,421,000    -939,000                     
      foreign exchange loss
    		         -1,322,000 3,611,000     -6,912,000 -3,853,000 1,089,000 -4,395,000 -1,210,000 -1,835,000 2,237,000 8,157,000 -5,733,000    3,024,000 373,000       18,022,000 -1,337,000 6,386,000 -8,120,000 6,048,000 679,000 -5,805,000 20,853,000 
      changes in operating assets and liabilities, net of sale of business and acquisitions:
    		                                           
      acquisition of businesses, net of cash acquired
    		               -9,151,000        944,000                    
      purchase of capped calls
    		               0 0   0                        
      foreign exchange gain
    		            -7,421,000 -4,597,000 -5,567,000            -171,000    -1,850,000  -8,069,000 -16,103,000 -2,780,000         
      non-cash interest expense
    		               -708,000 673,000 342,000 271,000 9,760,000 9,300,000 8,456,000 8,570,000     3,336,000 3,297,000 3,258,000 1,077,000 -3,635,000 2,384,000 2,223,000 2,145,000 2,063,000 1,987,000       
      interest expense on marketable securities
    		                                           
      goodwill impairment
    		           0                                
      loss on extinguishment of debt
    		                   0                        
      changes in operating assets and liabilities, net of acquisitions:
    		                                           
      cash paid for asset acquisition and intangible assets
    		                       -65,000                    
      purchases of marketable securities
    		           -64,504,000 -72,199,000 -57,226,000 -76,416,000 -74,616,000 -74,930,000 0 -268,972,000 -198,357,000 -119,682,000 -79,697,000 -101,501,000 -343,600,000 -12,830,000 -146,508,000 -158,883,000 -155,104,000 -125,033,000 -174,338,000 -59,811,000 -15,540,000 -17,346,000 -6,222,000 -23,240,000 -51,852,000 -436,000 73,000 -108,289,000     
      sales and maturities of marketable securities
    		           69,952,000 83,198,000 48,892,000 75,478,000 71,645,000 321,215,000 106,056,000 91,714,000                         
      amortization of debt issuance costs
    		                           360,000 356,000 353,000 122,000 299,000 54,000 54,000 56,000 47,000 46,000 46,000 45,000 45,000 49,000 42,000 31,000 
      loss on disposal of assets
    		                           110,000 0 30,000 -4,000 125,000 306,000 40,000 49,000 9,000 368,000 274,000 492,000 843,000 65,000 79,000 332,000 
      acquisition, net of cash acquired
    		                                           
      payments on facility financing obligation
    		                           -2,347,000 -2,348,000 -2,347,000 -3,122,000 -1,553,000 -3,106,000           
      deferred income taxes
    		                    -1,634,000 10,218,000 -2,829,000 -8,540,000 -4,712,000 -1,854,000 -142,000 -18,376,000 -3,661,000 -468,000 91,000            67,768,000 
      sales of marketable securities
    		                    140,414,000 96,760,000 109,422,000 65,750,000 129,496,000 124,900,000 140,952,000 120,500,000 113,971,000 33,025,000 17,447,000 40,800,000 27,250,000 27,000,000 42,290,000 33,568,000 27,337,000 12,898,000 6,901,000     
      bad debt expense
    		                     2,220,000 3,684,000 3,499,000 3,318,000 2,964,000 1,182,000 507,000 1,656,000 1,049,000 912,000 438,000 1,196,000 531,000 332,000 555,000 534,000 340,000 341,000 307,000 -169,000 875,000 767,000 
      purchase of capped call
    		                       0    0 0 0 -34,224,000             
      adjustments to reconcile net income to net cash provided by operating activities:
    		                                           
      other non-cash losses
    		                        3,522,000 3,386,000 2,928,000                 
      changes in operating assets and liabilities, net of effects from purchase of acquired company:
    		                                           
      net cash provided by operating activities
    		                        47,045,000 49,836,000 31,458,000  30,620,000 40,091,000 26,421,000  16,874,000 12,139,000 3,309,000         
      net cash used in investing activities
    		                        -160,300,000 -25,951,000 -22,004,000                 
      foreign exchange (gain) loss
    		                                           
      cash paid for asset acquisition
    		                            0               
      net cash (used in) provided by financing activities
    		                         -11,297,000 -29,307,000                 
      net (decrease) increase in cash, cash equivalents, and restricted cash
    		                         13,485,000 -21,311,000                 
      stock-based compensation expense—acquisitions
    		                           1,596,000 725,000 719,000 714,000 725,000 724,000 1,613,000 842,000 151,000 1,110,000       
      interest on marketable securities
    		                           -1,312,000 -653,000 -842,000 -80,000 42,000 82,000 25,000 277,000 74,000   -258,000     
      amortization of deferred tax charge
    		                                   4,905,000 2,960,000 -226,000 9,493,000     
      payments on capital lease obligations
    		                           -1,309,000 -1,327,000 -1,571,000 -1,850,000 -1,960,000 -2,096,000           
      deferred payments on acquisition of business
    		                                   0 0 0 -649,000     
      net cash (used in) provided by investing activities
    		                            -16,728,000 -181,797,000 -45,653,000  8,187,000 17,237,000 12,394,000         
      repurchase of stock for tax on rsu vesting
    		                            -9,238,000 -6,118,000 -1,780,000 -1,520,000 -2,869,000           
      net cash from (used in) financing activities
    		                             -31,069,000 236,560,000             
      net increase in cash, cash equivalents and restricted cash
    		                             -176,035,000 218,413,000             
      cash, cash equivalents and restricted cash at beginning of period
    		                             0 320,783,000             
      cash, cash equivalents and restricted cash at end of period
    		                             -176,035,000 539,196,000             
      adjustments to reconcile net income (loss) to net cash provided by operating activities:
    		                                           
      contribution of stock to good work institute
    		                                           
      net unrealized loss on warrant and other liabilities
    		                                       -3,000 -3,000 3,151,000 -12,000 
      proceeds from public offering
    		                                       0 0   
      payments relating to public offering
    		                                       -1,133,000 -428,000 -1,009,000 -1,482,000 
      net (loss) income
    		                                25,802,000           
      adjustments to reconcile net (loss) income to net cash provided by operating activities:
    		                                           
      acquisition of business, net of cash acquired
    		                                           
      net (decrease) increase in cash and cash equivalents
    		                                33,403,000 32,078,000 13,215,000         
      supplemental non-cash disclosures
    		                                           
      equipment acquired under capital lease obligations
    		                                 4,084,000 1,068,000         
      stock-based compensation capitalized in development of capitalized software
    		                                 219,000 306,000         
      non-cash additions to development of internal-use software and property and equipment
    		                                 -182,000 358,000         
      payments on capitalized lease obligations
    		                                  -1,835,000 -1,704,000 -1,572,000 -1,455,000 -1,355,000 -1,115,000 -1,008,000 -751,000 -503,000 
      net loss
    		                                   -21,383,000 -2,399,000   -4,232,000 -6,891,000 -6,354,000 -36,586,000 
      adjustments to reconcile net loss to net cash from operating activities:
    		                                           
      loss on asset impairment
    		                                           
      excess tax benefit from exercise of stock options
    		                                   -1,626,000 -1,063,000 488,000 -1,034,000 -1,472,000 -1,090,000 1,090,000 -2,472,000 
      net increase in restricted cash
    		                                           
      proceeds from the issuance of common stock
    		                                           
      excess tax benefit from the exercise of stock options
    		                                   1,626,000 1,063,000 -488,000 1,034,000 1,472,000 1,090,000 -1,090,000 2,472,000 
      adjustments to reconcile net loss to net cash provided by operating activities:
    		                                           
      accrued liabilities
    		                                    -1,754,000 12,107,000 -10,819,000  9,486,000 4,264,000 3,969,000 
      net increase (decrease) in cash and cash equivalents
    		                                           
      contribution of stock to etsy.org
    		                                       0 0 0 3,200,000 
      interest income on marketable securities
    		                                           
      stock-based compensation expense-acquisitions
    		                                      656,000 -1,298,000 719,000 598,000 1,841,000 
      net unrealized gain on warrant and other liabilities
    		                                           
      amortization of deferred tax charges
    		                                       2,039,000 5,210,000   
      accrued expenses
    		                                           
      purchase of u.s. government and agency bills
    		                                       -7,488,000 -5,316,000 -7,836,000 -5,400,000 
      sale of marketable securities
    		                                       6,322,000 6,387,000 7,828,000 3,055,000 
      supplemental cash flow disclosures:
    		                                           
      cash paid for interest
    		                                           
      cash paid for income taxes
    		                                           
      deferred tax charges
    		                                          -80,109,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.