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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income / (loss) $ 10,821 $ 32,327
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 25,319 22,227
Deferred taxes (1,312) (4,321)
Non-cash equity-based compensation 12,375 12,035
Gain on Sale of Webdam 0 (38,613)
Loss on impairment of long-term investment 0 5,881
Bad debt expense (635) 472
Changes in operating assets and liabilities:    
Accounts receivable (2,746) (171)
Prepaid expenses and other current and non-current assets 1,944 7,886
Accounts payable and other current and non-current liabilities 1,899 (6,019)
Contributor royalties payable 1,059 3,063
Deferred revenue (1,981) 3,256
Net cash provided by operating activities 46,743 38,023
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (13,726) (23,051)
Acquisition of businesses, net of cash acquired 0 (845)
Proceeds from Sale of Webdam, net 2,500 42,392
Other investments / advances 0 (15,000)
Acquisition of digital content (1,277) (1,242)
Security deposit release 25 (14)
Net cash (used in) / provided by investing activities (12,478) 2,240
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of stock options 218 1,879
Cash paid related to settlement of employee taxes related to RSU vesting (5,181) (4,972)
Net cash used in financing activities (4,963) (3,093)
Effect of foreign exchange rate changes on cash (1,085) (757)
Net increase in cash, cash equivalents and restricted cash 28,217 36,413
Cash, cash equivalents and restricted cash, beginning of period 233,465 256,041
Cash, cash equivalents and restricted cash, end of period 261,682 292,454
Supplemental Disclosure of Cash Information:    
Cash paid / (received) for income taxes $ 1,480 $ (124)