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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net income (loss) $ 169 $ (3,681)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 8,676 6,870
Equity-based compensation 6,846 6,624
Amortization of debt discount and issuance costs 361 1,416
Provision for (benefit from) income taxes 355 (228)
Non-cash lease expense 1,063 1,205
Increase in non-cash contingent consideration expense from original estimate 1,443 4,927
Other non-cash adjustments to net income 502 283
Changes in operating assets:    
Accounts receivable 8,868 (628)
Prepaid expenses and other current assets (3,312) (4,541)
Other assets (313) (877)
Changes in operating liabilities:    
Accounts payable (947) 419
Accrued expenses and other current liabilities (7,753) 6,818
Settlement obligations 4,246 2,581
Deferred revenue 2,249 5,439
Operating lease liabilities (1,064) (1,180)
Other long-term liabilities 2 1
Contingent consideration paid in excess of original estimates (3,212) (3,538)
Net cash provided by operating activities 18,179 21,910
Cash flows from investing activities:    
Expenditures for property and equipment (1,438) (384)
Expenditures for capitalized software (2,721) (1,958)
Purchases of merchant portfolios and residual buyouts (275) 0
Acquisitions of businesses, net of cash and restricted cash acquired (89,497) (60,000)
Payments for other investing activities (802) (11)
Proceeds from investments 203 0
Net cash used in investing activities (94,530) (62,353)
Cash flows from financing activities:    
Proceeds from revolving credit facility 157,004 105,009
Payments on revolving credit facility (79,025) (49,900)
Payments of debt issuance costs (87) 0
Cash paid for contingent consideration (1,000) (6,217)
Proceeds from stock option exercises 54 174
Payments for employee's tax withholdings from net settled stock option exercises (21) 157
Net cash provided by financing activities 76,925 49,223
Net increase in cash, cash equivalents and restricted cash 574 8,780
Cash, cash equivalents and restricted cash at beginning of period 23,765 17,931
Cash, cash equivalents and restricted cash at end of period 24,339 26,711
Supplemental disclosure of cash flow information:    
Cash paid for interest 4,279 1,367
Cash paid for income taxes $ 172 $ 556