XML 17 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities:    
Net loss $ (95,140) $ (15,696)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 26,292 15,033
Unrealized loss on foreign currency 4,906 1,127
Stock based compensation 18,859 850
Change in fair value of warrants (2,964)  
Change in fair value of derivative liability (3,525)  
Amortization of debt discount and deferred issuance costs 3,863  
Deferred income tax 1,957 (4,336)
Loss on disposition of subsidiary   612
(Gain) loss on disposition of assets (500) 220
Provision for doubtful accounts 654 (687)
Unrealized gain on investment (1,260)  
Non-cash lease expense 14,962  
Impairment expense 2,160  
Changes in operating assets and liabilities:    
Accounts receivable 50,761 32,245
Prepaid expenses and other current assets and prepaid expenses and other assets (6,469) (17,070)
Accounts payable 4,133 1,779
Deferred rent   (2,004)
Accrued compensation (9,048) 1,494
Accrued expenses, other current liabilities and other liabilities (3,177) (1,818)
Lease liabilities (17,728)  
Deferred revenue 3,367 (851)
Cash (used in) provided by operating activities (7,897) 10,898
Investing activities:    
Capital expenditures (4,528) (1,789)
Capitalization of internal-use software (9,746) (7,587)
Proceeds from sale of asset 500  
Cash from acquired business, net   5,200
Cash of disposed subsidiary, less proceeds on disposition   (724)
Cash used in investing activities (13,774) (4,900)
Financing activities:    
Proceeds from issuance of common stock   35,000
Proceeds from exercise of stock options 360 581
Payment for shares withheld for employee taxes (1,670)  
Borrowings (payments) on revolving credit facilities 5,000 (1,304)
Deferred reverse recapitalization costs (585)  
Cash provided by financing activities 3,105 34,277
Effect of currency translation on cash and cash equivalents (2,031) (804)
Net (decrease) increase in cash, cash equivalents and restricted cash (20,597) 39,471
Cash and cash equivalents and restricted cash at beginning of period 79,733 106,126
Cash and cash equivalents and restricted cash at end of period $ 59,136 $ 145,597