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Table of Contents
38
ITEM 6. SELECTED CONSOLIDATED FINANCIAL DATA
The selected consolidated financial data set forth below should be read together with Part II, Item 7, “Management’s
Discussion and Analysis of Financial Condition and Results of Operations” and our consolidated financial statements and
related notes included in Part II, Item 8, “Consolidated Financial Statements and Supplementary Data” of this Annual Report
on Form 10-K. Our historical results are not necessarily indicative of our results in any future period.
Year Ended December 31,
2015 2014 2013 2012 2011
(in thousands, except per share amounts)
Consolidated Statements of Operations Data: . . . . . . . . .
Net revenues. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 301,373 $ 304,834 $ 255,575 $ 213,334 $ 172,018
Net loss. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (59,210)(64,758)(55,850)(49,043)(37,601)
Deemed dividend to preferred stockholders (1) . . . . . . . . . . . — — (102,557) — —
Net loss attributable to common stockholders. . . . . . . . . . . . $(59,210) $ (64,758) $ (158,407) $ (49,043) $ (37,601)
Net loss per share attributable to common stockholders,
basic and diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(0.68) $ (0.78) $ (7.58) $ (4.39) $ (4.45)
Weighted-average shares used to compute net loss per
share attributable to common stockholders, basic and
diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86,818 83,205 20,902 11,183 8,453
______________________________
(1) The completion of our IPO resulted in certain accounting effects and cash tax payments related to the issuance of 11,667,254 shares of our
common stock in the form of a deemed stock dividend to the holders of our Series D and Series E convertible preferred stock valued at approximately $102.6
million and the share-based compensation expense associated with RSUs that we had granted prior to our IPO that vested as a result of the completion of our
IPO. These RSUs vested upon satisfaction of both a time-based service component and a performance condition which occurred on March 15, 2014.