XML 15 R6.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating activities:    
Net (loss) income $ (40,151) $ 42,988
Loss from discontinued operations 2,003 539
Income (loss) from continuing operations (38,148) 43,527
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Stock-based compensation expense 13,931 6,967
Amortization and adjustments to operating lease assets 24,421 26,676
Depreciation 22,130 16,722
Amortization of intangible assets 47,150 0
Amortization of debt discount and issuance costs 19,985 828
Provision for bad debts 12,577 5,157
Deferred income taxes (9,331) (1,382)
Loss on disposals, accelerated depreciation, and adjustments to property and equipment 266 1,593
Realized and unrealized gain on investments 0 (1,524)
Changes in assets and liabilities:    
Accounts receivable (33,765) (10,362)
Prepaid expenses and other current assets (29,686) 5,095
Accounts payable (8,304) 3,678
Accrued payroll and benefits (26,594) (9,816)
Accrued liabilities (10,524) 797
Deferred revenue 44,582 6,157
Operating lease liabilities (23,027) (24,321)
Other assets and liabilities (24,631) (11,835)
Net cash (used in) provided by operating activities-continuing operations (18,968) 57,957
Net cash provided by operating activities-discontinued operations 20,062 5,436
Net cash provided by operating activities 1,094 63,393
Investing activities:    
Capital expenditures (14,772) (19,704)
Proceeds from sales of marketable securities 0 1,565
Purchases of marketable securities 0 (1,613)
Payment for purchase of business, net of cash and restricted cash acquired (1,488,054) 0
Net cash used in investing activities-continuing operations (1,502,826) (19,752)
Net cash used in investing activities-discontinued operations (2,199) (4,471)
Net cash used in investing activities (1,505,025) (24,223)
Financing activities:    
Proceeds from exercise of stock options 8,200 56
Employee taxes paid on withholding shares (2,518) (4,073)
Proceeds from stock issued under Colleague Stock Purchase Plan 244 83
Repurchases of common stock for treasury 0 (44,963)
Proceeds from long-term debt 850,000 0
Repayments of long-term debt (291,000) (1,500)
Payment of debt discount and issuance costs (49,553) (1,722)
Net cash provided by (used in) financing activities 515,373 (52,119)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 36 565
Net decrease in cash, cash equivalents and restricted cash (988,522) (12,384)
Cash, cash equivalents and restricted cash at beginning of period 1,313,616 501,105
Cash, cash equivalents and restricted cash at end of period 325,094 488,721
Less: cash, cash equivalents and restricted cash of discontinued operations at end of period 48,450 33,389
Cash, cash equivalents and restricted cash at end of period $ 276,644 $ 455,332