v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities    
Net loss for the year $ (39,995) $ (35,355)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Amortization and depreciation 23,382 13,967
Stock-based compensation 49,163 22,896
Provision for uncollectible receivables related to merchant cash advances 2,606 1,028
Vesting of restricted shares 0 202
Unrealized foreign exchange gain (1,604) (969)
Changes in operating assets and liabilities:    
Trade and other receivables (13,037) (2,356)
Merchant cash advances receivable (37,811) (12,924)
Other current assets (3,706) (2,604)
Accounts payable and accrued liabilities 15,428 19,813
Deferred revenue 10,960 7,699
Lease incentives 2,515 2,620
Net cash provided by operating activities 7,901 14,017
Cash flows from investing activities    
Purchase of marketable securities (1,129,263) (369,208)
Maturity of marketable securities 642,073 139,872
Acquisitions of property and equipment (20,043) (23,773)
Acquisitions of intangible assets (4,219) (2,463)
Acquisition of businesses, net of cash acquired (15,718) (14,114)
Net cash used in investing activities (527,170) (269,686)
Cash flows from financing activities    
Proceeds from the exercise of stock options 14,774 4,162
Proceeds from public offering, net of issuance costs 560,057 224,423
Net cash provided by financing activities 574,831 228,585
Effect of foreign exchange on cash and cash equivalents 2,102 1,027
Net increase (decrease) in cash and cash equivalents 57,664 (26,057)
Cash and cash equivalents – Beginning of Year 84,013 110,070
Cash and cash equivalents – End of Year 141,677 84,013
Non-cash investing activities:    
Acquired property and equipment remaining unpaid 1,764 587
Capitalized stock-based compensation $ 1,372 $ 649