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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows from Operating Activities    
Net income (loss) $ (51,870) $ (28,762)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 6,221 5,204
Stock-based compensation expense 16,417 3,473
Provision for bad debt 2,518 4,455
Non-cash operating lease costs (9) 7
(Gain) on contingent liabilities 0 (2,600)
Other non-cash, net 505 174
Changes in operating assets and liabilities, net of effects from purchases of businesses:    
Trade receivables (111,953) (44,172)
Other current assets (3,887) (4,926)
Accounts payable 223,510 82,464
Accrued payroll 4,260 2,875
Accrued other liabilities 1,518 148
Deferred revenue 1,690 (502)
Other long-term liabilities (75) 2,980
Other assets (428) (502)
Net cash provided by (used in) operating activities 88,417 20,316
Cash Flows from Investing Activities    
Net increase in finance receivables (26,972) (3,128)
Purchases of property and equipment (2,197) (2,989)
Capitalization of software costs (8,546) (3,681)
Acquisition of business (net of cash acquired) (59,931) (5,500)
Net cash provided by (used in) investing activities (97,646) (15,298)
Cash Flows from Financing Activities    
Proceeds from issuance of common stock in connection with initial public offering, net of underwriting discounts and commissions and other offering costs 385,738 0
Proceeds from long term debt 5,250 5,187
Proceeds from issuance of Series E1 preferred stock 0 54,886
Payments towards long-term debt (9,582) (1,980)
Payments towards promissory note (2,637) 0
Payments for debt issuance and other financing costs (1,385) 0
Payment of RSU tax withholdings in exchange for common shares surrendered by RSU holders (1,329) 0
Proceeds from exercise of common stock options 1,100 1,003
Net cash provided by (used in) financing activities 377,155 59,096
Net increase (decrease) in cash and cash equivalents 367,926 64,114
Cash and cash equivalents, beginning of period 233,725 182,275
Cash and cash equivalents, end of period 601,651 246,389
Cash paid (received) during the period for:    
Interest (income) expense 522 98
Income taxes 210 (6)
Cash paid included in the measurement of operating lease liabilities 0 553
Non-cash investing and financing activities:    
Contingent consideration 0 5,700
Right-of-use assets obtained, including initial adoption 0 718
Purchase of property and equipment in accounts payable $ 410 $ 0