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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Dec. 31, 2019
Cash flow from operating activities:        
Net income $ 19,416 $ 12,860 $ 53,623 $ 36,325
Adjustments to reconcile net income to net cash from operating activities:        
Depreciation and amortization 7,476 7,980 31,574 33,422
(Gain)/Loss on foreign currency remeasurement of intercompany item (45) (4,234) 244 (3,206)
Deferred taxes 1,925 1,483 4,422 2,706
Non-cash interest expense   3,390 5,103 12,874
Working capital adjustments:        
Accounts receivable (11,583) (6,415) (4,099) (3,680)
Prepaid expenses, other current and non-current assets 1,694 (1,395) (204) (870)
Accounts payable, accrued expenses and other payables (962) (2,552) 5,835 (1,630)
Contract liabilities (446) (164) 609 (112)
Income tax payable 3,777 1,980 2,689 (1,749)
Other current and non-current liabilities 780 1,157 54 2,582
Net cash flows provided by operating activities 22,032 14,090 99,850 76,662
Cash flow from (used in) investing activities:        
Acquisition of Double8 Games Co., Ltd.   (1,952) (1,952)  
Purchases of property and equipment (34) (33) (217) (200)
Acquisition of intangible assets     (6)  
Net cash flows from (used in) investing activities (34) (1,985) (2,175) (200)
Cash flows from (used in) financing activities:        
Proceeds from capital investment from parent       5,124
Proceeds received from short-term borrowings       68,631
Proceeds received from long-term borrowings with related parties       17,158
Repayments of long-term borrowings with related parties     (42,371)  
Repayments of short-term borrowings   (16,756) (33,897) (152,704)
Net cash flows used in financing activities   (16,756) (76,268) (61,791)
Net foreign exchange difference on cash and cash equivalents (750) (1,255) (637) (3,217)
Net increase (decrease) in cash and cash equivalents 21,248 (5,906) 20,770 11,454
Cash and cash equivalents at beginning of period 63,188 42,418 42,418 30,964
Cash and cash equivalents at end of period 84,436 36,512 63,188 42,418
Noncash financing activity:        
Conversion of 2.5% Convertible bonds, net of tax     187,095  
Conversion of 2.5% Non-convertible bonds with warrants, net of tax     64,374  
Interest   342 5,891 9,779
Income taxes $ 130 $ 161 $ 12,546 $ 10,196