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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net loss $ (52,729) $ (13,093) $ (12,304)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 82,733 71,891 61,153
Amortization of cloud computing implementation costs 4,007 2,570  
Provision for subscription cancellations and non-renewals 199 2,083 (196)
Amortization of deferred financing costs 2,033 266 245
Change in fair value of contingent consideration liabilities 14,925    
Change in settlement value of deferred purchase commitment liability 423    
Write-off of deferred financing costs 276   370
Stock-based compensation expense 47,425 33,919 19,729
Deferred income taxes 51,068 (11,574) (1,345)
Non-cash operating lease costs 2,857 2,587 3,357
Other (203) 5,335 4,052
Changes in operating assets and liabilities:      
Accounts receivable (22,076) (45,222) (25,665)
Prepaid expenses and other current assets (14,207) (6,354) (2,171)
Deferred commissions (6,242) (5,774) (2,908)
Accounts payable 11,615 9,241 1,369
Accrued expenses (12,323) 5,837 15,064
Accrued and deferred compensation 9,232 7,516 (12,005)
Deferred revenue 51,096 18,172 30,768
Operating lease liabilities (3,999) (4,224) (4,041)
Payments for purchase commitment and contingent consideration liabilities in excess of initial fair value (4,367)    
Other 3,078 1,156 (11,624)
Net cash provided by operating activities 164,821 74,332 63,848
Cash flows from investing activities:      
Acquisition of businesses and assets, net of cash acquired (71,755)   (474)
Property and equipment additions (65,769) (49,261) (45,532)
Capitalized software additions (21,344) (18,972) (14,888)
Purchase of investment securities, available-for-sale (15,993) (16,328) (16,518)
Proceeds from sales and maturities of investment securities, available-for-sale 16,710 18,390 5,364
Net cash used in investing activities (158,151) (66,171) (72,048)
Cash flows from financing activities:      
Net increase (decrease) in customer funds obligations 9,675 5,610 (11,340)
Proceeds from term loan     50,000
Proceeds from convertible senior notes 345,000    
Principal payments on long-term debt (46,875) (2,188) (938)
Payments on third-party debt (3,904)    
Payment for purchase of capped calls (42,366)    
Payments for deferred financing costs (12,541) (1,001) (983)
Proceeds from purchases of stock under ESPP 2,998 2,486 1,951
Payments for taxes related to net share settlement of stock-based awards (21,516) (9,701) (1,104)
Proceeds from exercise of stock options 8,459 4,839 1,821
Distributions under Tax Sharing Agreement     (536)
Payments for purchase commitment and contingent consideration liabilities (7,580) (6,424) (423)
Payments of finance lease liabilities (93) (103) (1,354)
Payments for deferred purchase commitments   (20,000) (20,000)
Net cash provided by (used in) financing activities 231,257 (26,482) 17,094
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1,012) 724 (352)
Net increase (decrease) in cash, cash equivalents and restricted cash 236,915 (17,597) 8,542
Cash, cash equivalents and restricted cash, beginning of period 89,151 106,748 98,206
Cash, cash equivalents and restricted cash, end of period $ 326,066 $ 89,151 $ 106,748