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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended 12 Months Ended
Dec. 31, 2019
Jul. 10, 2019
Dec. 31, 2020
Dec. 31, 2018
Cash flows from operating activities        
Net (loss) income $ (31,560,676) $ (23,742,530) $ (46,539,031) $ 10,537,443
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Depreciation and amortization 23,756,888 6,222,917 60,806,659 10,421,000
Stock based compensation 22,013,287 908,978 19,445,800 796,967
Amortization of debt issuance costs 570,671 215,658 1,416,012 407,403
Loss on disposal of property and equipment       16,827
Fair value change in tax receivable agreement liability 1,638,465   12,439,485  
Fair value change in other assets and liabilities     (2,509,840) (1,103,012)
Payments of contingent consideration in excess of acquisition date fair value     (4,070,549)  
Deferred tax benefit (4,990,989)   (12,358,025)  
Change in accounts receivable 779,008 (4,614,620) (2,890,762) (1,534,285)
Change in related party receivable (563,084)   563,084  
Change in prepaid expenses and other (3,579,300) (73,533) 541,639 (394,127)
Change in operating lease ROU assets     (10,074,506)  
Change in accounts payable 2,656,630 1,297,035 38,185 1,502,090
Change in related party payable 14,571,266   (309,669)  
Change in accrued expenses and other (12,356,519) 28,136,310 370,343 3,526,470
Change in operating lease liabilities     10,363,879  
Change in other liabilities     1,254,000  
Net cash provided by operating activities 12,935,647 8,350,215 28,486,704 24,176,776
Cash flows from investing activities        
Purchases of property and equipment (498,513) (203,026) (994,147) (913,498)
Purchases of software (3,375,751) (3,842,744) (13,729,349) (4,884,457)
Purchases of other intangible assets     (9,550,000)  
Net cash used in investing activities (335,083,842) (4,045,770) (145,980,474) (5,797,955)
Cash flows from financing activities        
Change in line of credit 6,500,000   (10,000,000) 3,000,000
Issuance of long-term debt 210,000,000   60,425,983  
Payments on long-term debt (90,862,500) (2,450,000) (6,709,486) (4,900,000)
Repurchase of outstanding warrants (38,700,000)      
Repurchase of treasury shares (4,507,544)   (1,414,732)  
Issuance of warrants 207      
Exercise of warrants     86,799,717  
Conversion of Thunder Bridge Class A ordinary shares to Class A Common Stock 148,870,571      
Redemption of Post-Merger Repay Units     (435,296,258)  
Distributions to Members (185,957) (6,904,991) (1,496,213) (6,307,935)
Payment of loan costs (6,065,465)   (1,861,817)  
Payments of contingent consideration up to acquisition date fair value     (14,250,000)  
Net cash provided by (used in) financing activities 360,049,312 (9,354,991) 186,097,387 (8,207,935)
Increase (decrease) in cash, cash equivalents and restricted cash 37,901,117 (5,050,546) 68,603,617 10,170,886
Cash, cash equivalents and restricted cash at beginning of period   23,262,058 37,901,117 13,091,172
Cash, cash equivalents and restricted cash at end of period 37,901,117 18,211,512 106,504,734 23,262,058
Cash paid during the year for:        
Interest 5,351,222 $ 2,929,509 11,486,760 $ 5,665,434
Class A Common Stock        
Cash flows from financing activities        
Public issuance of Class A Common Stock 135,000,000   509,900,193  
Hawk Parent        
Cash flows from investing activities        
Acquisition, net of cash and restricted cash acquired (242,599,551)      
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES        
Acquisition of Hawk Parent in exchange for Class A Common Stock 220,056,226      
Acquisition of Hawk Parent in exchange for amounts payable under Tax Receivable Agreement 67,176,226      
Acquisition in exchange for contingent consideration 12,300,000      
TriSource Solutions, LLC        
Cash flows from investing activities        
Acquisition, net of cash and restricted cash acquired (59,160,005)      
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES        
Acquisition in exchange for contingent consideration 2,250,000   1,750,000  
APS Payments        
Cash flows from investing activities        
Acquisition, net of cash and restricted cash acquired (29,450,022)   (465,454)  
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES        
Acquisition in exchange for contingent consideration $ 12,000,000   6,580,549  
Ventanex        
Cash flows from investing activities        
Acquisition, net of cash and restricted cash acquired     (35,460,153)  
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES        
Acquisition in exchange for contingent consideration     4,800,000  
cPayPlus        
Cash flows from investing activities        
Acquisition, net of cash and restricted cash acquired     (7,694,632)  
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES        
Acquisition in exchange for contingent consideration     6,500,000  
CPS        
Cash flows from investing activities        
Acquisition, net of cash and restricted cash acquired     (78,086,739)  
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES        
Acquisition in exchange for contingent consideration     $ 4,500,000