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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Q3) - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities    
Net income $ 73,773,000 $ 28,732,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,970,000 2,980,000
Change in fair value of warrant liability (83,628,000) 0
Impairment loss on right-of-use asset 2,372,000 0
Stock-based compensation 23,625,000 0
Deferred income taxes 1,000 0
Provision for doubtful accounts 3,015,000 0
Changes in operating assets and liabilities:    
Accounts receivable (6,371,000) (4,300,000)
Prepaid expenses and other current assets 6,504,000 (450,000)
Other assets 87,000 522,000
Accounts payable and accrued expenses 330,000 (1,098,000)
Deferred revenue 2,495,000 3,180,000
Net cash provided by operating activities 25,173,000 29,566,000
Cash flows from investing activities    
Purchases of property and equipment (4,246,000) (903,000)
Cash paid for acquisitions (16,000,000) 0
Cash paid for other investments (3,000,000) 0
Net cash used in investing activities (23,246,000) (903,000)
Cash flows from financing activities    
Proceeds from the Business Combination 79,969,000 0
Payment of note payable (205,000) 0
Distributions to members (18,110,000) (9,198,000)
Repurchase of Class B Units (5,565,000) (301,000)
Net cash provided by (used in) financing activities 56,089,000 (9,499,000)
Net increase (decrease) in cash 58,016,000 19,164,000
Cash - beginning of year 19,918,914 4,967,954
Cash - end of year 77,935,000 24,132,000
Supplemental disclosures of noncash activities    
Warranty liability assumed from the Business Combination 193,978,000 0
Tax receivable agreement liability recognized in connection with the Business Combination 126,150,000 0
Deferred tax assets recognized in connection with the Business Combination 147,973,000 0
Other assets assumed from the Business Combination 1,053,000 0
Issuance of equity for acquisitions 29,312,000 0
Holdback liability recognized in connection with acquisition 1,000,000 0
Stock-based compensation capitalized for software development $ 695,000 $ 0