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Condensed Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net loss $ (85,007) $ (152,200)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 39,295 37,654
Stock-based compensation 151,974 179,746
Deferred income taxes (113) (96)
Change in fair value of acquisition-related liabilities 1,388 6,681
Others, net 100 1,186
Change in non-cash working capital (net of acquisitions):    
Account receivable (34,513) (33,306)
Prepaid expenses (3,449) 872
Other current assets (72) 31
Other non-current assets (1,525) (607)
Deferred revenue 282 (311)
Accounts payable (3,998) 22,614
Accrued expenses and other current liabilities 25,208 1,225
Other non-current liabilities 608 72
Net cash provided by operating activities 90,178 63,561
Cash flows from investing activities:    
Capital expenditures (17,458) (14,886)
Website and software development costs (12,110) (12,344)
Acquisitions and other investments, net of cash acquired   (18,246)
Net cash used for investing activities (29,568) (45,476)
Cash flows from financing activities:    
Cash paid for acquisition-related liabilities (7,032) (8,710)
Proceeds from credit facilities, net of issuance costs 207,853 11,250
Issuance under employee stock purchase plan 1,525 1,567
Exercise of options 2,982 224
Proceeds from equity capital raise, net of issuance cost 229,327  
Repurchase of shares (12,252) (11,487)
Repayments against the credit facilities (196,250) (11,250)
Net cash provided by / (used for) financing activities 226,153 (18,406)
Effect of exchange rate changes on cash and cash equivalents 43 7
Net increase / (decrease) in cash and cash equivalents 286,806 (314)
Cash and cash equivalents, beginning of period 131,732 121,110
Cash and cash equivalents, end of period 418,538 120,796
Supplemental cash flow disclosures including non-cash activities:    
Cash paid for interest, net 7,492 7,685
Cash paid for income taxes, net 1,173 1,274
Liability established in connection with acquisitions 1,388 7,670
Capitalized stock-based compensation as website and software development costs 2,250 2,634
Shares issued in connection with acquisitions and other agreements 1,792 1,343
Right-to-use assets established 2,980  
Operating lease liabilities established 2,980  
Non-cash consideration for website and software development costs $ 621 $ 784