XML 15 R6.htm IDEA: XBRL DOCUMENT v3.22.4
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net loss $ (59,397) $ (122,244)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 11,059 14,492
Stock-based compensation expense 40,618 35,985
Amortization of debt discount and issuance costs 1,503 3,421
Loss on debt extinguishment 0 49,977
Payment in kind interest 0 2,178
Unrealized loss on foreign currency exchange 12,644 2,680
Non-cash operating lease expenses 2,361 3,830
Amortization of creator signing fees 955 2,252
Adjustments related to creator advances, creator signing fees, and allowance for credit losses (1,792) 2,762
Provision for chargebacks and refunds 10,909 2,253
Other 618 607
Changes in operating assets and liabilities:    
Accounts receivable (1,728) (834)
Funds receivable (9,077) (9,093)
Creator signing fees and creator advances 2,930 4,525
Prepaid expenses and other assets 8,424 (11,048)
Accounts payable, creators 82,971 139,228
Accounts payable (363) (1,117)
Chargebacks and refunds reserve (11,907) (12,499)
Accrued compensation and benefits 387 5,232
Accrued taxes (6,048) 1,162
Operating lease liabilities (3,260) (4,326)
Other accrued liabilities (9,340) 20,695
Payment in kind interest 0 (8,962)
Net cash provided by operating activities 72,467 121,156
Cash flows from investing activities    
Purchases of property and equipment (1,254) (516)
Capitalized internal-use software development costs (2,305) (1,142)
Cash paid for acquisitions (1,125) 0
Net cash used in investing activities (4,684) (1,658)
Cash flows from financing activities    
Proceeds from issuance of debt 0 212,750
Debt issuance costs 0 (5,738)
Purchase of convertible notes capped calls 0 (18,509)
Principal repayment of debt obligations and prepayment premium 0 (143,247)
Proceeds from exercise of stock options 3,027 10,250
Taxes paid related to net share settlement of equity awards (5,338) (9,359)
Proceeds from issuance of common stock under ESPP 790 730
Principal payments on finance lease obligations (64) (243)
Net cash (used in) provided by financing activities (1,585) 46,634
Effect of exchange rate changes on cash, cash equivalents and restricted cash (25,196) (4,917)
Net increase in cash, cash equivalents and restricted cash 41,002 161,215
Cash, cash equivalents and restricted cash    
Beginning of period 636,159 508,430
End of period 677,161 669,645
Supplemental cash flow data    
Interest paid 5,486 5,678
Income taxes paid, net of refunds 234 155
Non-cash investing and financing activities    
Reduction of right of use asset due to modification $ 2,163 $ 0