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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net loss $ (81,398) $ (24,625)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 6,356 3,386
Loss on sale and impairment of long-lived assets 126 325
Loss (gain) on extinguishment of debt (8,243) (3,609)
Loss on remeasurement of debt   1,412
Gain on divestiture of businesses   (1,442)
Loss on remeasurement of warrants 20,212 1,999
Loss (gain) on remeasurement of contingent consideration (314) 1,400
Loss on remeasurement of earnout liability 22,801  
Stock-based compensation 23,477 1,034
Amortization of (Premium) or Accretion of discount, Net 654  
Interest expense (non-cash) 67 2,775
Other   310
Other (1,479)  
Change in operating assets and liabilities, net of acquisitions and divestitures    
Accounts receivable (5,017) (1,130)
Reinsurance balance due (94,883)  
Prepaid expenses and other current assets 1,654 130
Long-term insurance commissions receivable (2,775) (984)
Accounts payable (21,417) 2,723
Accrued expenses and other current liabilities (3,292) 3,522
Losses and loss adjustment expense reserves 29,655  
Other insurance liabilities, current 76,474  
Deferred revenue 15,824 4,320
Refundable customer deposits (1,273) (1,506)
Deferred income tax benefit (8,153)  
Other 172 218
Net cash used in operating activities (30,772) (9,742)
Cash flows from investing activities:    
Purchases of property and equipment (539) (62)
Capitalized internal use software development costs (1,510) (1,571)
Purchases of short-term and long-term investments (9,476)  
Maturities, sales of short-term and long-term investments 8,110  
Acquisitions, net of cash acquired (127,883)  
Net cash used in investing activities (131,298) (1,633)
Cash flows from financing activities:    
Proceeds from debt issuance, net of fees   10,079
Repayments of principal and related fees (150) (3,731)
Proceeds from issuance of redeemable convertible preferred stock, net of fees   4,714
Proceeds from exercises of warrants 126,772  
Proceeds from exercises of stock options 2,544 1
Income tax withholdings paid upon vesting of restricted stock units (22,126)  
Net cash provided by financing activities 107,040 11,063
Change in cash, cash equivalents, and restricted cash (55,030) (312)
Cash, cash equivalents, and restricted cash, beginning of period 207,453 7,179
Cash, cash equivalents, and restricted cash end of period 152,423 6,867
Supplemental disclosures    
Conversion of debt to redeemable convertible preferred stock (non-cash)   1,436
Cash paid for interest 1,779 2,408
Cancelation of a convertible promissory note on divestiture of a business   $ 2,724
Reduction of earnout liability due to a vesting event 25,815  
Non-cash consideration for acquisitions $ 37,792