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Consolidated Statements of Cash Flows (FY)
$ in Thousands
5 Months Ended 7 Months Ended 12 Months Ended
Jun. 10, 2020
USD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2019
USD ($)
Operating activities        
Net income (loss) $ (2,114) $ (10,959) $ 5,064 $ 7,706
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Share/Unit-based compensation 343 924 2,602 6,780
Gain on Paycheck Protection Program loan forgiveness 0 0 (1,535) 0
Accrual of premium on debt 0 3,682 1,118 0
Amortization of debt issuance costs 0 564 1,180 0
Interest income on promissory note from member 0 0 (2,038) 0
Depreciation and amortization 10,642 17,639 43,234 27,412
Provision for doubtful accounts 0 150 53 282
Deferred income taxes (1,568) (3,940) (4,312) 2,173
Loss on disposal of property and equipment 0 0 0 15
Changes in assets and liabilities:        
Accounts receivable 2,221 (2,942) (6,105) (2,351)
Prepaid expenses and deferred charges 521 (437) (1,777) (1,199)
Other current assets 12 69 (3,292) 281
Other assets 249 304 37 (210)
Accounts payable 432 (1,846) 1,845 (52)
Accrued expenses and other current liabilities 5,587 (3,041) (7,481) (6,177)
Deferred revenue (110) 8,624 6,547 3,412
Due to/(from) related party (60) (10) 10 (58)
Other liabilities 301 821 (720) (41)
Net cash provided by operating activities 16,456 9,602 34,430 37,973
Investing activities        
Cash used in acquiring the Predecessor, net of cash acquired 0 (263,843) 0 0
Purchase of property and equipment (270) (197) (269) (133)
Additions to capitalized software (1,420) (951) (3,528) (2,327)
Loans to employees 0 0 0 (2,224)
Proceeds from repayment of loan to employees 2,224 0 0 0
Loan to Kunlun (14,000) 0 0 0
Proceeds from repayment of loan to Kunlun 14,000 0 0 0
Net cash (used in) provided by investing activities 534 (264,991) (3,797) (4,684)
Financing activities        
Proceeds from exercise of stock options 0 0 1,351 0
Contribution from members 0 110,000 0 0
Proceeds from issuance of debt 0 192,000 0 0
Payment of debt 0 0 (56,640) 0
Payment of debt issuance costs 0 (3,825) (960) 0
Proceeds from Paycheck Protection Program Loan 1,514 0 0 0
Net cash (used in) provided by financing activities 1,514 298,175 (56,249) 0
Net (decrease) increase in cash, cash equivalents and restricted cash 18,504 42,786 (25,616) 33,289
Cash, cash equivalents and restricted cash, beginning of the period 47,950 0 42,786 14,661
Cash, cash equivalents and restricted cash, end of the period 0 42,786 17,170 47,950
Reconciliation of cash, cash equivalents and restricted cash        
Cash and cash equivalents 65,062 41,394 15,778 46,558
Restricted cash 1,392 1,392 1,392 1,392
Cash, cash equivalents and restricted cash 0 42,786 17,170 47,950
Supplemental disclosure of cash flow information:        
Cash interest paid 2 10,336 22,751 99
Income taxes paid 157 1,730 9,514 273
Non-cash capital contribution as part of the purchase price for acquisition for the Predecessor        
Deferred payments, at fair value 0 156,082 0 0
Issuance of Series Y preferred units, at fair value 0 7,364 0 0
Contingent consideration, at fair value 0 400 0 0
Supplemental disclosure of non-cash financing activities:        
Paycheck Protection Program loan forgiveness 0 0 $ 1,535 $ 0
Predecessor [Member]        
Financing activities        
Cash, cash equivalents and restricted cash, beginning of the period   $ 66,454    
Cash, cash equivalents and restricted cash, end of the period 66,454      
Reconciliation of cash, cash equivalents and restricted cash        
Cash, cash equivalents and restricted cash $ 66,454