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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (54,843) $ (5,041)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization of property and equipment 1,935 1,639
Amortization of capitalized software development costs 2,472 2,409
Amortization of intangible assets 8,466 852
Amortization of discount on marketable securities (425) (642)
Stock-based compensation 2,941 2,927
Non-cash operating lease expense 2,307 1,195
Provision for credit losses 298 1,693
Amortization of debt issuance costs 12,843 0
Deferred income taxes (17,786) (174)
Impairment of assets 15,614 0
Unrealized foreign currency transaction (gains) losses 1,688 312
Other 30 26
Changes in operating assets and liabilities:    
Accounts receivable 37,605 30,398
Prepaid expenses and other current assets 5,901 7,262
Accounts payable and other current liabilities (22,374) (31,875)
Operating lease liabilities (2,614) (1,205)
Deferred revenue (830) (1,471)
Other non-current assets and liabilities 5,806 300
Net cash (used in) provided by operating activities (966) 8,605
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of a business, net of cash acquired (598,319) (181)
Purchases of property and equipment (2,921) (1,335)
Capitalized software development costs (2,699) (2,627)
Purchases of marketable securities (16,602) (31,578)
Proceeds from sales and maturities of marketable securities 74,221 31,492
Net cash used in investing activities (546,320) (4,229)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the Bridge Facility 625,000 0
Repayments of borrowings under the Bridge Facility (625,000) 0
Proceeds from senior secured notes 625,305 0
Payment of deferred financing costs (28,155) 0
Payment of stock issuance costs (775) 0
Treasury stock repurchases and share withholdings on vested awards (355) (4,015)
Principal payments on finance lease obligations 0 (255)
Proceeds from bank overdrafts, net 74 0
Net cash provided by (used in) financing activities 596,094 (4,270)
Effect of exchange rate changes (57) 363
Net increase in cash, cash equivalents and restricted cash 48,751 469
Cash, cash equivalents and restricted cash — Beginning 89,725 71,079
Cash, cash equivalents and restricted cash — Ending 138,476 71,548
RECONCILIATION OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH    
Cash and cash equivalents 136,312 71,362
Restricted cash, included in other assets 2,164 186
Total cash, cash equivalents, and restricted cash 138,476 71,548
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid for income taxes, net of refunds 7,636 2,133
Cash paid for interest 1,512 1,815
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Stock consideration issued for acquisition of a business 262,938 0
Purchases of property and equipment included in accounts payable 991 418
Operating lease right-of-use assets obtained in exchange for lease obligations 13,409 6,055
Stock-based compensation capitalized for software development costs 96 141
Unpaid deferred financing costs in accounts payable and accrued expenses $ 3,318 $ 0