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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (21,231) $ (51,233)
Adjustments to reconcile net loss to net cash provided by operations    
Depreciation and amortization 61,193 68,441
Deferred income taxes (13,349) (4,117)
Stock-based compensation 27,236 1,756
Impairments of long-lived assets 2,940 680
Provision for bad debts 604 623
Amortization of financing fees 362 373
Amortization of debt discount 1,741 1,767
Deferred rent (1,334) (76)
Unrealized translation gain on investment in foreign subsidiaries (100) (514)
Changes in fair value of derivatives (5,024) 7,406
Excess payment on contingent consideration for acquisition (1,159)  
Changes in operating assets and liabilities    
Accounts receivable (40,383) 552
Insurance receivable 750  
Prepaid expenses (1,421) (2,802)
Other assets 1,464 2,380
Accounts payable 12,116 563
Litigation settlement obligation (750)  
Accrued expenses 15,609 (7,995)
Other liabilities (338) 8,049
Net cash provided by operating activities 38,926 25,853
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (2,619) (1,835)
Purchases of intangible assets and capitalized software (11,987) (11,250)
Proceeds from disposition of property and equipment 7 236
Net cash used in investing activities (14,599) (12,849)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of common stock 2,483 1,200
Proceeds from issuance of common stock in IPO net of underwriting discounts and commissions 102,638  
Payments of IPO issuance costs (6,120)  
Capital contribution from certain Stockholders 15,576  
Payments of long-term debt (11,531) (4,846)
Repayments of revolving credit facility   (83,800)
Borrowings on revolving credit facility   83,800
Payment of contingent consideration for acquisition (738)  
Payments on equipment capital lease obligations (8) (5)
Net cash (used in) provided by financing activities 102,300 (3,651)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (863) (2,194)
NET CHANGE IN CASH AND CASH EQUIVALENTS 125,764 7,159
Beginning of period 66,633 50,299
Cash and cash equivalents at end of period 192,397 57,458
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid during the period for Interest, net of capitalized amounts of $300 and $220 for the nine months ended September 30, 2020 and 2021, respectively 21,494 20,502
Income taxes 4,663 $ 3,702
Offering costs included in accounts payable and accrued liabilities $ 1,996