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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net loss $ (289.4) $ (219.5)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 44.1 28.4
Stock-based compensation 123.0 221.8
Equity in loss of unconsolidated entity 5.0 0.0
Change in acquisition related contingent consideration (0.3) (0.5)
Bad debt expense 3.4 6.2
Amortization of debt issuance costs 0.5 0.6
Changes in operating assets and liabilities:    
Accounts receivable (14.5) (10.4)
Compass Concierge receivables (26.9) (3.3)
Other current assets (15.0) (18.2)
Other non-current assets (3.3) (10.8)
Operating lease right-of-use assets and operating lease liabilities 3.9 2.0
Accounts payable 10.6 (5.6)
Commissions payable 31.9 27.8
Accrued expenses and other liabilities 6.7 25.6
Net cash (used in) provided by operating activities (120.3) 44.1
Investing Activities    
Investment in unconsolidated entity (12.5) 0.0
Capital expenditures (41.4) (20.1)
Payments for acquisitions, net of cash acquired (15.0) (103.8)
Net cash used in investing activities (68.9) (123.9)
Financing Activities    
Proceeds from exercise and early exercise of stock options 7.7 16.2
Taxes paid related to net share settlement of equity awards (13.8) 0.0
Proceeds from drawdowns on Concierge credit facility 26.7 15.5
Repayments of drawdowns on Concierge credit facility (12.5) (12.8)
Payments related to acquisitions, including contingent consideration (6.7) (6.7)
Payments of debt issuance costs for credit facilities 0.0 (1.4)
Proceeds from issuance of common stock upon initial public offering, net of offering costs 0.0 439.6
Net cash provided by financing activities 1.4 450.4
Net (decrease) increase in cash and cash equivalents (187.8) 370.6
Cash and cash equivalents at beginning of period 618.3 440.1
Cash and cash equivalents at end of period 430.5 810.7
Supplemental disclosures of cash flow information:    
Cash paid for interest 0.9 0.5
Supplemental non-cash information:    
Issuance of common stock for acquisitions 0.8 10.1
Conversion of convertible preferred stock in connection with initial public offering 0.0 1,419.1
Conversion of Series D convertible preferred stock $ 0.0 $ 67.6