XML 120 R103.htm IDEA: XBRL DOCUMENT v3.22.1
Restatement (Unaudited) - Statement of Cash Flows (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2021
Sep. 30, 2021
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES                
Net income (loss)     $ (16,320)     $ (116,737) $ (71,064) $ (19,780)
Equity-based compensation           27,983 528 182
Accounts receivable, net           (15,135) (30,309) (17,640)
Prepaid expenses and other current assets           (11,779) (5,152) (2,086)
Accounts payable and accrued expenses           33,723 27,325 10,330
Interest accrued due to sellers           1,464 1,698 1,234
Other liabilities           (5,658) 2,510 2,625
Net cash used in operating activities           (128,527) (9,235) (15,465)
CASH FLOWS FROM INVESTING ACTIVITIES                
Acquisitions of subsidiaries including non-compete intangibles, net of cash acquired           (1,070,307) (207,625) (83,355)
Net cash used in investing activities           (1,131,248) (268,366) (90,784)
CASH FLOWS FROM FINANCING ACTIVITIES                
Proceeds from insurance financing arrangements           1,701 2,865 866
Payments of principal on insurance financing arrangements           (1,701) (2,865) (866)
Net cash used in / provided by financing activities           1,389,138 282,216 132,038
Net increase (decrease) in cash, cash equivalents and restricted cash           129,363 4,615 25,789
Cash, cash equivalents and restricted cash at beginning of year     33,807 $ 33,807 $ 33,807 33,807 29,192 3,403
Cash, cash equivalents and restricted cash at end of period           163,170 33,807 $ 29,192
As Previously Reported                
CASH FLOWS FROM OPERATING ACTIVITIES                
Net income (loss)     (10,470) (5,523) (46,403)      
Equity-based compensation     71 3,239 12,148      
Accounts receivable, net     (11,233) (54,973) (95,991)      
Prepaid expenses and other current assets     (8,024) (16,790) (27,358)      
Accounts payable and accrued expenses     6,025 23,407 56,626      
Interest accrued due to sellers     0 0 0      
Other liabilities     (1,982) 1,681 (9,376)      
Net cash used in operating activities     (16,707) (56,580) (91,498)      
CASH FLOWS FROM INVESTING ACTIVITIES                
Acquisitions of subsidiaries including non-compete intangibles, net of cash acquired     (898) (617,576) (1,068,661)      
Net cash used in investing activities     (9,699) (649,269) (1,116,030)      
CASH FLOWS FROM FINANCING ACTIVITIES                
Proceeds from insurance financing arrangements     4,356 4,355 4,401      
Payments of principal on insurance financing arrangements     (1,736) (2,941) (3,939)      
Interest accrued due to sellers     536 957 1,208      
Net cash used in / provided by financing activities     (799) 991,319 1,382,634      
Net increase (decrease) in cash, cash equivalents and restricted cash     (27,205) 285,470 175,106      
Cash, cash equivalents and restricted cash at beginning of year $ 319,277 $ 6,602 33,807 33,807 33,807 33,807    
Cash, cash equivalents and restricted cash at end of period 208,913 319,277 6,602 319,277 208,913   33,807  
Adjustments                
CASH FLOWS FROM OPERATING ACTIVITIES                
Net income (loss)     (5,644) (46,880) (70,837)      
Equity-based compensation     0 441 983      
Accounts receivable, net     4,304 48,532 70,497      
Prepaid expenses and other current assets     1,487 703 24      
Accounts payable and accrued expenses     (52) (8,981) (16,006)      
Interest accrued due to sellers     536 957 1,208      
Other liabilities     1,390 3,708 12,336      
Net cash used in operating activities     2,021 (1,520) (1,795)      
CASH FLOWS FROM INVESTING ACTIVITIES                
Acquisitions of subsidiaries including non-compete intangibles, net of cash acquired     0 3,182 3,182      
Net cash used in investing activities     0 3,182 3,182      
CASH FLOWS FROM FINANCING ACTIVITIES                
Proceeds from insurance financing arrangements     (2,654) (2,653) (2,699)      
Payments of principal on insurance financing arrangements     1,169 1,948 2,520      
Interest accrued due to sellers     (536) (957) (1,208)      
Net cash used in / provided by financing activities     (2,021) (1,662) (1,387)      
Net increase (decrease) in cash, cash equivalents and restricted cash     0 0 0      
As Restated                
CASH FLOWS FROM OPERATING ACTIVITIES                
Net income (loss)     (16,114) (52,403) (117,240)      
Equity-based compensation     71 3,680 13,131      
Accounts receivable, net     (6,929) (6,441) (25,494)      
Prepaid expenses and other current assets     (6,537) (16,087) (27,334)      
Accounts payable and accrued expenses     5,973 14,426 40,620      
Interest accrued due to sellers     536 957 1,208      
Other liabilities     (592) 5,389 2,960      
Net cash used in operating activities     (14,688) (58,100) (93,293)      
CASH FLOWS FROM INVESTING ACTIVITIES                
Acquisitions of subsidiaries including non-compete intangibles, net of cash acquired     (898) (614,394) (1,065,479)      
Net cash used in investing activities     (9,699) (646,087) (1,112,848)      
CASH FLOWS FROM FINANCING ACTIVITIES                
Proceeds from insurance financing arrangements     1,702 1,702 1,702      
Payments of principal on insurance financing arrangements     (567) (993) (1,419)      
Interest accrued due to sellers     0 0 0      
Net cash used in / provided by financing activities     (2,818) 989,657 1,381,247      
Net increase (decrease) in cash, cash equivalents and restricted cash     (27,205) 285,470 175,106      
Cash, cash equivalents and restricted cash at beginning of year 319,277 6,602 33,807 33,807 33,807 $ 33,807    
Cash, cash equivalents and restricted cash at end of period $ 208,913 $ 319,277 $ 6,602 $ 319,277 $ 208,913   $ 33,807