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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net loss $ (50,884) $ (92,025)
Adjustments to reconcile net loss to net cash used by operating activities    
Depreciation and amortization expense 16,019 14,170
Amortization of deferred financing costs 679 679
Provision for doubtful accounts 2,318 251
Stock-based compensation 15,049 1,952
Accrued interest 1,184 548
Loss on fixed asset disposal 26  
Noncash expense on contract modification - related party   50,000
Impairment and write-off on intangible and right-of-use-assets   574
Amortization of investments held to maturity (494)  
Fair value adjustment to derivative instrument   138
Deferred income taxes 108 108
Changes in operating assets and liabilities    
Accounts receivable (5,555) (1,782)
Prepaid expenses and other current assets (2,791) (1,400)
Other noncurrent assets (453) (2,489)
Deferred customer origination costs 791 (1,288)
Accounts payable (2,041) (9,465)
Deferred revenue (613) 664
Accrued expenses and other liabilities (3,975) (1,325)
Operating lease liabilities (107) (403)
Total adjustments 20,145 50,932
Net cash used in operating activities (30,739) (41,093)
Cash flows from investing activities    
Purchase of short-term investments held to maturity (254,026)  
Proceeds from maturity of short-term investments held to maturity 106,770  
Purchases of equipment (2,470) (344)
Purchases of real estate (767)  
Purchases of intangible assets (16,100) (8,078)
Supplier advances, net (4,796) (1,710)
Net cash used in investing activities (171,389) (10,132)
Cash flows from financing activities    
Proceeds from the issuance of long-term debt 2,367 1,131
Principal payments on finance leases (425) (589)
Proceeds from issuance of common stock 425 1,163
Proceeds from issuance of common stock under Employee Stock Purchase Plan 602  
Payment of contingent consideration at acquisition date fair value (344)  
Payment service obligations (218,444) 543,201
Net cash (used in) provided by financing activities (215,819) 544,906
Net (decrease) increase in cash, cash equivalents, and restricted funds held for customers (417,947) 493,681
Cash, cash equivalents, and restricted funds held for customers    
Cash, cash equivalents, and restricted funds held for customers, beginning of year 1,805,163 390,078
Cash, cash equivalents, and restricted funds held for customers, end of period 1,387,216 883,759
Supplementary information of noncash investing and financing activities    
Right-of-use assets obtained in exchange for new finance lease obligations 499 174
Right-of-use assets obtained in exchange for new operating lease obligations 2,831 316
Common stock issued as contingent consideration 344  
Property and equipment purchases in accounts payable and accrued expenses 29 7
Interest paid on notes payable 5,305 5,199
Interest paid on finance leases $ 2,863 3,685
Options issued in connection with bonus compensation   $ 48