XML 15 R6.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net loss $ (72,303) $ (61,468)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation of property and equipment 8,295 10,707
Amortization of intangible assets 29,625 29,553
Stock-based compensation expense 34,059 19,176
Deferred income taxes (736) 0
Impairment of long-lived assets 1,096  
Other (105) 930
Changes in operating assets and liabilities:    
Accounts receivable (11,480) 29
Unbilled contracts receivable (7,324) 5,083
Prepaid expenses and other assets 1,106 (4,714)
Accounts payable (4,691) 3,835
Accrued and other liabilities (20,428) (19,911)
Deferred revenue (1,743) (5,474)
Net cash used in operating activities (44,629) (22,254)
Cash flows from investing activities:    
Purchases of property and equipment (6,108) (7,150)
Purchases of intangible assets (91) (73)
Net cash used in investing activities (6,199) (7,223)
Cash flows from financing activities:    
Proceeds from issuance of common stock under employee stock purchase plan 5,850  
Withholding taxes related to net share settlement of restricted awards (3,127)  
Net transfers from Former Parent   44,131
Net cash provided by financing activities 2,723 44,131
Effect of exchange rate changes on cash and cash equivalents 137 (2,092)
Net (decrease) increase in cash and cash equivalents (47,968) 12,562
Cash and cash equivalents at beginning of period 160,127 120,695
Cash and cash equivalents at end of period 112,159 133,257
Supplemental disclosure of cash flow information:    
Interest paid 1,496  
Income taxes paid, net of refunds $ 10,109 $ 8,418