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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities      
Net income (loss) $ (23,746) $ (625) $ (7,189)
Adjustment to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 17,095 10,341 7,874
Deferred taxes (721) (694) (414)
Share-based compensation expenses 11,074 9,535 6,919
Share in losses of associated company 143 81  
Foreign currency re-measurement (576) (521) 2,538
Changes in operating assets and liabilities, net of effects of businesses acquired:      
Other current assets 3,627 (1,278) (3,216)
Trade payables 2,865 6,817 1,529
Deferred revenue 417 (1,873) (678)
Accounts receivables (3,869) 1,197 (2,203)
CA extended to customers (266,149) (171,105) (22,639)
CA collected from customers 259,790 128,125 5,883
Other payables 15,416 12,030 4,315
Other long-term liabilities (2,572) 1,750 1,256
Other assets (3,268) (8,092) 37
Net cash provided by (used in) operating activities 9,526 (14,312) (5,988)
Cash Flows from Investing Activities      
Purchase of property, equipment and software (4,992) (9,149) (4,538)
Capitalization of internal use software (9,045) (8,140) (6,325)
Change in severance pay fund 378 (40) (197)
Customer funds in transit (37,713) 3,249 (369)
Investments in associated company   (6,501)  
Acquisition, net of cash acquired (15,482)    
Net cash used in investing activities (66,854) (20,581) (11,429)
Cash Flows from Financing Activities      
Exercise of options 849 1,044 818
Issuance of redeemable preferred stock and warrants, net 32,646    
Outstanding operating balances 1,659,944 292,699 552,806
Repayment or proceeds from long-term debt, net (19,975) 60,000  
Net cash provided by financing activities 1,673,464 353,743 553,624
Effect of exchange rate changes on cash and cash equivalents 636 521 (2,538)
Net change in cash, cash equivalents, restricted cash and customer funds 1,616,772 319,371 533,669
Cash, cash equivalents, restricted cash and customer funds at beginning of the period 1,796,517 1,477,146 943,477
Cash, cash equivalents, restricted cash and customer funds at end of the period 3,413,289 1,796,517 1,477,146
Supplemental schedule about acquisition      
Cash paid for taxes, net of refunds 5,713 1,937 3,332
Cash interest received 5,455 15,867 7,061
Cash interest paid 1,887 311  
Supplemental schedule of noncash investing activities:      
Property, equipment, and software acquired but not paid 534 444 17
Internal use software capitalized but not paid $ 988 $ 1,149 $ 877