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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net loss $ (106,606) $ (54,032) $ (103,319)
Adjustments to reconcile net loss to net cash used in operating activities      
Depreciation and amortization 16,386 6,644 7,377
Amortization of operating lease right-of-use assets 1,861    
Loss on sale and impairment of long-lived assets 595 895 1,088
Loss (gain) on extinguishment of debt (5,110) (5,748) 483
Loss on remeasurement of debt   895 6,159
Loss (gain) on divestiture of businesses   (1,442) 4,994
Loss on remeasurement of Legacy Porch warrants   2,584 2,090
Loss on re measurement of private warrant liability 15,389 (2,427)  
Loss (gain) on remeasurement of contingent consideration (2,244) 1,700 (300)
Loss on remeasurement of earnout liability 18,519    
Stock-based compensation 38,592 11,296 35,972
Amortization of premium/accretion of discount, net 369    
Net realized losses on investments 67    
Interest expense (non-cash) 2,387 7,488 2,369
Other 1,055   580
Other   (23)  
Change in operating assets and liabilities, net of acquisitions and divestitures      
Accounts receivable (2,905) 203 (1,840)
Reinsurance balance due (15,343)    
Prepaid expenses and other current assets (5,323) (2,587) 603
Accounts payable (11,779) 4,092 2,361
Accrued expenses and other current liabilities (15,981) (15,946) 7,704
Losses and loss adjustment expense reserves (22,417)    
Other insurance liabilities, current 14,396    
Deferred revenue 53,556 2,206 (803)
Refundable customer deposits (3,545) (3,521) 6,122
Long-term insurance commissions receivable (4,156) (3,365)  
Operating lease liabilities, non-current (2,141)    
Other (399) 2,419 (975)
Net cash used in operating activities (34,777) (48,669) (29,335)
Cash flows from investing activities:      
Purchases of property and equipment (972) (279) (478)
Capitalized internal use software development costs (3,719) (2,601) (4,096)
Purchases of short-term and long-term investments (24,006)    
Maturities, sales of short-term and long-term investments 21,694    
Acquisitions, net of cash acquired (256,430) (7,791) 116
Divestiture of businesses net of cash disposed     (750)
Net cash used in investing activities (263,433) (10,671) (5,208)
Cash flows from financing activities:      
Proceeds from recapitalization and PIPE financing   305,133  
Distribution to stockholders   (30,000)  
Transaction costs - recapitalization (262) (5,652)  
Proceeds from debt issuance, net of fees 413,537 66,190 31,300
Repayments of principal and related fees (46,965) (81,640) (202)
Proceeds from issuance of redeemable convertible preferred stock, net of fees   4,714 3,274
Capped call transactions (52,913)    
Proceeds from exercises of warrants 126,741    
Proceeds from exercises of stock options and Legacy Porch warrants 4,288 911 114
Income tax withholdings paid upon vesting of restricted stock units (28,877)    
Repurchase of stock   (42)  
Net cash provided by financing activities 415,549 259,614 34,486
Net change in cash, cash equivalents, and restricted cash 117,339 200,274 (57)
Cash, cash equivalents, and restricted cash, beginning of period 207,453 7,179 7,236
Cash, cash equivalents, and restricted cash end of period 324,792 207,453 7,179
Supplemental disclosures      
Cash paid for interest 2,662 9,103 3,466
Reduction of earnout liability due to a vesting event 54,891    
Non-cash consideration for acquisitions $ 52,761 9,295 479
Conversion of redeemable convertible preferred stock warrants into common stock   11,029  
Earnout liability   50,238  
Private warrant liability   31,534  
Capital contribution from a shareholder - inducement to convert preferred stock to common   17,284  
Non-cash inducement to convert preferred stock to common   17,284  
Debt discount for warrants issued (non-cash)   1,215 3,700
Cancelation of a convertible promissory note on divestiture of a business   2,724  
Conversion of debt to redeemable convertible preferred stock (non-cash)   1,436 $ 34,105
Capital contribution from a shareholder - guarantee of debt   $ 300