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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net income (loss) $ 5,246 $ (14,701)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 30,095 27,272
Provision for doubtful accounts and sales returns 305 1,522
Stock-based compensation expense 33,570 29,925
Deferred taxes (12,239) 9,245
Amortization of deferred financing costs and discount 349 500
Loss on disposition of business 1,561 0
Other non-cash adjustments 0 (215)
Changes in operating assets and liabilities, net of acquisition and disposal of businesses:    
Accounts receivable 3,844 1,139
Prepaid expenses and other assets (3,265) (2,750)
Trade accounts payable 23,086 3,362
Accrued expenses and other liabilities 7,912 (15,931)
Deferred revenue (25,845) (17,562)
Net cash provided by operating activities 64,619 21,806
Cash flows from investing activities    
Purchase of property and equipment (261) (1,364)
Capitalized software and content development costs (13,070) (13,967)
Net cash used in investing activities (14,510) (15,331)
Cash flows from financing activities    
Proceeds from issuance of debt 339,800 92,600
Payments on debt (79,343) (75,403)
Employee taxes paid for withheld shares upon equity award settlement (52,723) (31,417)
Change in due to customers (336,578) (337,159)
Change in customer funds receivable (3,197) (1,859)
Purchase of treasury stock (262,596) 0
Net cash used in financing activities (394,637) (353,238)
Effect of exchange rate on cash, cash equivalents and restricted cash (860) 986
Net decrease in cash, cash equivalents and restricted cash (345,388) (345,777)
Cash, cash equivalents and restricted cash, beginning of period 728,257 733,931
Cash, cash equivalents and restricted cash, end of period 382,869 388,154
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]    
Cash and cash equivalents 26,376  
Total restricted cash 356,493  
Total cash, cash equivalents and restricted cash in the statement of cash flows 382,869  
Cash Used in Divestiture of Businesses $ (1,179) $ 0