XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income (loss) $ 5,193 $ (506)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization of assets 15,253 18,048
Stock-based, ESPP and incentive units compensation 1,633 1,936
Amortization of debt issuance costs and discounts 1,065 903
Deferred income tax (1,872) (5,716)
Change in contingent consideration 972 229
Other non-cash items, net (259) 14
Change in operating assets and liabilities:    
Accounts receivable (8,339) 81
Prepaid expenses and other current assets (425) 481
Income taxes (receivable) payable 0 8,666
Notes receivable (266) (163)
Accounts payable and other accrued liabilities 1,590 3,916
Customer deposits and advance payments 157 250
Other assets and liabilities, net (1,395) (462)
Net cash provided by operating activities 13,307 27,677
Cash flows from investing activities:    
Additions to property, equipment and software (6,610) (5,046)
Notes receivable, net (1,059) 178
Acquisitions of assets and other investing activities 0 (2,715)
Net cash used in investing activities (7,669) (7,583)
Cash flows from financing activities:    
Repayments of long-term debt (1,678) (1,550)
Repayments of borrowings under revolving credit facility 0 (6,000)
Repurchases of Common Stock and shares withheld for taxes (421) (777)
Dividends paid to redeemable senior preferred stockholders [1] (7,027) (11,435)
Settlement and customer/subscriber accounts obligations, net 1,918 79,258
Payment of contingent consideration related to business combination (3,071) (1,959)
Net cash (used in) provided by financing activities (10,279) 57,537
Net (decrease) increase in cash and cash equivalents, and restricted cash (4,641) 77,631
Cash and cash equivalents and restricted cash at beginning of period 796,223 560,610
Cash and cash equivalents and restricted cash at end of period 791,582 638,241
Reconciliation of cash and cash equivalents, and restricted cash:    
Cash and cash equivalents 34,290 15,882
Restricted cash 12,658 11,012
Cash and cash equivalents included in settlement assets and customer/subscriber account balances (see Note 4) 744,634 611,347
Cash paid for income taxes, net of refunds 791,582 638,241
Supplemental cash flow information:    
Cash paid for interest 18,436 16,330
Non-cash investing and financing activities:    
Forfeiture of liability-classified award 0 596
Acquisition of intangible asset 0 193
Issuance of NCI $ 93 $ 0
[1] The dividend payable for the quarter ended March 31, 2024, was paid on April 1, 2024.