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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income (loss) $ 2,430 $ 19,444
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 20,336 19,212
Impairment charge 989  
Deferred income taxes (169) (3,151)
Non-cash interest 264 1,076
Amortization of syndication contracts 358 348
Payments on syndication contracts (366) (304)
Non-cash stock-based compensation 17,053 7,995
(Gain) loss on marketable securities 94 473
(Gain) loss on disposal of property and equipment (11) (599)
(Gain) loss on debt extinguishment 1,556  
Change in fair value of contingent consideration (8,939) 6,810
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable 16,261 22,296
(Increase) decrease in prepaid expenses and other current assets, operating leases right of use asset and other assets (7,199) (183)
Increase (decrease) in accounts payable, accrued expenses and other liabilities 26,460 4,725
Net cash provided by operating activities 69,117 78,142
Cash flows from investing activities:    
Proceeds from sale of property and equipment and intangibles 83 2,671
Purchases of property and equipment (19,881) (7,882)
Purchase of a business, net of cash acquired (6,930)  
Investment in variable interest entities, net of cash consolidated   (5,164)
Purchases of marketable securities (11,355) (92,480)
Proceeds from sale of marketable securities 38,093 46,868
Purchases of investments (300)  
Issuance of loan receivable (13,636)  
Net cash used in investing activities (13,926) (55,987)
Cash flows from financing activities:    
Proceeds from stock option exercises 554 218
Tax payments related to shares withheld for share-based compensation plans (158) (267)
Payments on debt (214,495) (2,501)
Dividends paid (13,182) (6,415)
Distributions to noncontrolling interest (3,380)  
Repurchase of Class A common stock   (11,280)
Payment of contingent consideration (35,113) (65,340)
Pricipal payments under finance lease obligation (113) (72)
Proceeds from borrowings on debt 212,420  
Payments for debt issuance costs (1,777)  
Net cash used in financing activities (55,244) (85,657)
Effect of exchange rates on cash, cash equivalents and restricted cash (2) (1)
Net increase (decrease) in cash, cash equivalents and restricted cash (55) (63,503)
Cash, cash equivalents and restricted cash:    
Beginning 111,444 185,843
Ending 111,389 122,340
Cash payments for:    
Interest 12,524 6,149
Income taxes 5,929 11,456
Supplemental disclosures of non-cash investing and financing activities:    
Capital expenditures financed through accounts payable, accrued expenses and other liabilities 1,064 $ 2,377
Fair value of contingent consideration related to acquisition and purchase of noncontrolling interest 1,854  
Fair value of put and call option of redeemable noncontrolling interest 47,300  
Dividends payable $ 100