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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 111,275 $ 69,057
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 59,373 49,834
Deferred taxes (20,960) (6,874)
Non-cash equity-based compensation 36,589 23,958
Bad debt expense 1,394 993
Bargain purchase gain (51,804) 0
Changes in operating assets and liabilities:    
Accounts receivable (18,641) (5,541)
Prepaid expenses and other current and non-current assets (42,167) (3,157)
Accounts payable and other current and non-current liabilities 3,893 (32,927)
Contributor royalties payable 11,281 5,236
Deferred revenue 16,370 (3,290)
Net cash provided by operating activities 106,603 97,289
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (34,715) (32,922)
Business combination, net of cash acquired (53,721) (211,843)
Cash received related to Giphy Retention Compensation 34,707 0
Asset acquisitions 0 (1,667)
Content acquisitions (9,725) (11,191)
Security deposit release / (payment) 1,539 (282)
Net cash used in investing activities (61,915) (257,905)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repurchase of treasury shares (19,004) (73,488)
Proceeds from exercise of stock options 2 1,810
Cash paid related to settlement of employee taxes related to RSU vesting (15,209) (21,976)
Payment of cash dividend (29,023) (26,004)
Proceeds from credit facility 30,000 50,000
Repayment of credit facility (50,000) 0
Payment of debt issuance costs 0 (619)
Net cash used in financing activities (83,234) (70,277)
Effect of foreign exchange rate changes on cash (1,380) (6,880)
Net decrease in cash and cash equivalents (39,926) (237,773)
Cash and cash equivalents, beginning of period 115,154 314,017
Cash and cash equivalents, end of period 75,228 76,244
Supplemental Disclosure of Cash Information:    
Cash paid for income taxes 15,970 19,476
Cash paid for interest $ 1,232 $ 474