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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:      
Net loss $ (2,652) $ (23,217) $ (7,839)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 36,461 29,424 24,418
Equity-based compensation 27,878 26,230 20,860
Amortization of debt discount and issuance costs 1,514 5,795 5,450
Net gain on sale of investments (295) 0 (2,100)
Write down of intangible asset 2,660 0 0
(Benefit from) Provision for deferred income taxes (5,935) 2,588 (287)
Non-cash lease expense 4,683 4,922 3,204
Other non-cash adjustments to net income 1,546 1,131 555
Increase in non-cash contingent consideration expense from original estimate 10,781 23,725 7,140
Changes in operating assets:      
Accounts receivable (7,657) (15,771) (10,938)
Prepaid expenses and other current assets 1,530 (3,629) (1,564)
Other assets (1,865) (1,197) (4,054)
Changes in operating liabilities:      
Accounts payable 1,674 1,537 3,883
Accrued expenses and other current liabilities 318 9,812 5,749
Acquisition escrow obligations (8,319) 3,218 4,704
Settlement obligations (2,667) 2,087 (2,241)
Deferred revenue (1,319) 2,041 5,150
Operating lease liabilities (4,530) (4,753) (3,139)
Other long-term liabilities 0 (25) (782)
Contingent consideration paid in excess of original estimates (19,303) (18,072) (3,636)
Net cash provided by operating activities 34,503 45,846 44,533
Cash flows from investing activities:      
Expenditures for property and equipment (4,204) (2,268) (1,938)
Expenditures for capitalized software (12,171) (10,167) (6,159)
Purchases of merchant portfolios and residual buyouts (2,191) (52) (1,819)
Acquisitions of businesses, net of cash acquired (101,998) (100,715) (142,486)
Payments for other investing activities (1,251) (443) (104)
Proceeds from investments 295 600 3,200
Net cash used in investing activities (121,520) (113,045) (149,306)
Cash flows from financing activities:      
Proceeds from revolving credit facility 365,022 335,720 302,816
Payments on revolving credit facility (281,534) (255,100) (198,421)
Payments of debt issuance costs (694) 0 0
Proceeds from issuance of Class A common stock, net of underwriting discounts and offering costs 0 17,692 0
Payments of equity issuance costs 0 0 (253)
Cash paid for contingent consideration (6,832) (25,330) (2,886)
Proceeds from stock option exercises 180 694 1,578
Payments for employee's tax withholdings from net settled stock option exercises (490) (643) (731)
Net cash provided by financing activities 75,652 73,033 102,103
Net (decrease) increase in cash, cash equivalents, and restricted cash (11,365) 5,834 (2,670)
Cash, cash equivalents, and restricted cash at beginning of period 23,765 17,931 20,601
Cash, cash equivalents, and restricted cash at end of period 12,400 23,765 17,931
Supplemental disclosure of cash flow information:      
Cash paid for interest 21,476 8,985 4,428
Cash paid for income taxes $ 3,236 $ 1,079 $ 287