XML 19 R8.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net loss $ (74,723) $ (44,731)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Provision for credit losses 82,216 66,081
Stock-based compensation expense 38,778 20,390
Depreciation 45,112 45,728
Amortization of intangibles 11,413 12,616
Deferred income taxes (13,950) (25,435)
Foreign currency transaction loss 6,520 983
Impairment of long-lived and right-of-use assets 2,343 12,280
Non-cash lease expense 9,793 9,587
Revenue reserves 5,560 6,392
Other adjustments, net (793) 3,243
Changes in assets and liabilities, net of effects of acquisitions and dispositions:    
Accounts receivable (102,562) (106,234)
Other assets (10,014) (3,342)
Accounts payable and other liabilities 21,283 35,706
Operating lease liabilities (13,229) (12,435)
Income taxes payable and receivable 2,014 499
Deferred revenue 1,597 4,560
Net cash provided by operating activities 11,358 25,888
Cash flows from investing activities:    
Acquisitions, net of cash acquired 0 (25,357)
Capital expenditures (95,521) (52,056)
Proceeds from maturities of marketable debt securities 0 50,000
Net proceeds from the sale of a business 0 750
Proceeds from sale of fixed assets 224 0
Net cash used in investing activities (95,297) (26,663)
Cash flows from financing activities:    
Principal payments on Term Loan 0 (220,000)
Purchase of treasury stock (8,144) (35,403)
Withholding taxes paid on behalf of employees on net settled stock-based awards (5,587) (56,135)
Purchase of noncontrolling interests 0 (23,508)
Net cash used in financing activities (13,731) (335,046)
Total cash used (97,670) (335,821)
Effect of exchange rate changes on cash and cash equivalents and restricted cash (2,079) 373
Net decrease in cash and cash equivalents and restricted cash (99,749) (335,448)
Cash and cash equivalents and restricted cash at beginning of period 429,485 813,561
Cash and cash equivalents and restricted cash at end of period $ 329,736 $ 478,113