XML 19 R8.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net loss $ (72,037) $ (24,374)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 12,766 10,117
Stock-based compensation 73,736  
Deferred income taxes (2,870) (1,800)
Change in fair value of warrant and derivative liabilities   23,600
Others, net 5,731 1,669
Change in non-cash working capital (net of acquisitions):    
Account receivable 9,577 11,080
Prepaid expenses 233 800
Other current assets (173) (2,240)
Other non-current assets (432) (14)
Deferred revenue (1,181) (67)
Accounts payable (2,438) (9,796)
Accrued expenses and other current liabilities (1,607) (3,659)
Other non-current liabilities (122) 296
Net cash provided by operating activities 21,183 5,612
Cash flows from investing activities:    
Capital expenditures (6,743) (204)
Website and software development costs (4,465) (4,441)
Business and asset acquisitions, net of cash acquired (9,157) (2,159)
Net cash used for investing activities (20,365) (6,804)
Cash flows from financing activities:    
Cash paid for acquisition-related liabilities (647) (64)
Proceeds from credit facilities, net of issuance costs 1,406 183,311
Exercise of options 65  
Repayments against the credit facilities (1,406) (180,745)
Net cash (used for) / provided by financing activities (582) 2,502
Effect of exchange rate changes on cash and cash equivalents (232) 68
Net increase in cash and cash equivalents 4 1,378
Cash and cash equivalents, beginning of period 103,859 50,725
Cash and cash equivalents, end of period 103,863 52,103
Supplemental cash flow disclosures including non-cash activities:    
Cash paid for interest 1,221 3,168
Cash paid for income taxes, net 123 210
Liability established in connection with acquisitions 12,884 2,566
Capitalized stock-based compensation as website and software development costs 1,254  
Shares issued in connection with acquisitions and other agreements 11,083 5,454
Non-cash consideration for website and software development costs $ 291 $ 0