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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net loss $ (29,479) $ (57,284)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 47,614 27,353
Provision for credit losses 46,876 47,926
Stock-based compensation expense 23,007 26,402
Non-cash lease expense (including impairment of right-of-use assets) 6,677 8,354
Amortization of Intangibles 5,325 7,608
Deferred income taxes (3,326) (12,095)
Other adjustments, net (1,830) 2,429
Changes in assets and liabilities, net of effects of acquisitions and dispositions:    
Accounts receivable (31,184) (84,105)
Other assets 5,621 (11,140)
Accounts payable and other liabilities 16,131 55,541
Operating lease liabilities (12,913) (8,624)
Income taxes payable and receivable 2,258 1,571
Deferred revenue 3,002 3,143
Net cash provided by operating activities 77,779 7,079
Cash flows from investing activities:    
Capital expenditures (22,315) (62,138)
Purchases of marketable debt securities (12,362) 0
Proceeds from maturities of marketable debt securities 12,500 0
Proceeds from sales of fixed assets 256 164
Net cash used in investing activities (21,921) (61,974)
Cash flows from financing activities:    
Purchases of treasury stock (3,397) (8,144)
Withholding taxes paid on behalf of employees on net settled stock-based awards (4,124) (3,513)
Other, net (57) 0
Net cash used in financing activities (7,578) (11,657)
Total cash provided (used) 48,280 (66,552)
Effect of exchange rate changes on cash and cash equivalents and restricted cash 543 (983)
Net increase (decrease) in cash and cash equivalents and restricted cash 48,823 (67,535)
Cash and cash equivalents and restricted cash at beginning of period 322,136 429,485
Cash and cash equivalents and restricted cash at end of period $ 370,959 $ 361,950