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Condensed Statement of Cash Flows - USD ($)
6 Months Ended 11 Months Ended 12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities:            
Net (loss) income $ (623,479,000) $ (97,418,000)        
Net income (loss) (106,865) (45,779) $ (29,629,640)      
Adjustments to reconcile net loss to net cash used in operating activities:            
General and administrative expenses paid by related party 0 27,928 28,223      
Interest earned on investments held in Trust Account (58,984) 0 (209,593)      
Change in fair value of derivative warrant liabilities     28,525,210      
Change in fair value of derivative warrant liabilities (3,303,710) 0 28,525,220      
Financing costs allocated to derivative warrant liabilities     964,140      
Changes in operating assets and liabilities:            
Related party receivables and payables, net (3,904) 0 9,750      
Prepaid expenses 109,791 (294) (328,772)      
Accounts payable 252,450 13,333 22,120      
Accrued expenses 2,666,248 4,812 26,146      
Net cash provided by operating activities (444,974) 0 (592,406)      
Cash Flows from Investing Activities:            
Principal deposited in Trust Account     (414,000,000)      
Net cash (used in) provided by investing activities     (414,000,000)      
Cash Flows from Financing Activities:            
Principal payments on long-term debt – related party     (159,720)      
Proceeds received from initial public offering, gross     414,000,000      
Proceeds received from private placement     10,280,000      
Offering costs paid     (8,666,120)      
Net cash provided by financing activities     415,454,160      
Net increase in cash, cash equivalents and restricted cash (444,974) 0 861,754      
Cash, cash equivalents and restricted cash — beginning of year 861,754 0 0 $ 0    
Cash, cash equivalents and restricted cash — end of year 416,780 0 861,754 861,754 $ 0  
Noncash Investing and Financing Items [Abstract]            
Deferred Offering Costs Included In Accounts Payable 0 211,234        
Offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares 0 25,000 25,000      
Offering costs included in accrued expenses 0 31,255 85,000      
Offering costs included in note payable - related party 0 122,541 131,497      
Deferred underwriting commissions     14,490,000      
Initial value of Class A ordinary shares subject to possible redemption     370,565,620      
Change in Value of Class A ordinary shares subject to possible redemption (106,870) 0 (28,599,630)      
Marketwise, LLC            
Cash Flows from Operating Activities:            
Net (loss) income (623,479,000) (97,418,000)   (541,091,000) 27,993,000 $ 18,671,000
Net income (loss) (622,348,000) (96,546,000)   (538,373,000) 27,957,000 18,601,000
Adjustments to reconcile net loss to net cash used in operating activities:            
Depreciation and amortization 1,447,000 1,273,000   2,553,000 2,334,000 2,534,000
Impairment       0 0 330,000
Stock-based compensation 43,880,000 11,258,000   18,745,000 8,611,000 5,343,000
Change in fair value of derivative liabilities – Class B Units 598,533,000 49,796,000   456,457,000 (3,003,000) 5,734,000
Change in fair value of derivative liabilities – other (1,726,000) 997,000   3,069,000 478,000 216,000
Unrealized losses on foreign currency (79,000) 29,000   0 (131,000) 36,000
Noncash lease expense 908,000 1,481,000   2,577,000 3,102,000 2,716,000
Gain on sale of cryptocurrencies (105,000) 0   0 (605,000) (265,000)
Cryptocurrency redeemed by customers       0 0 1,606,000
Changes in operating assets and liabilities:            
Accounts receivable 3,433,000 (614,000)   (5,066,000) (6,513,000) 1,080,000
Related party receivables and payables, net (1,185,000) (5,151,000)   (4,670,000) (13,777,000) 4,107,000
Prepaid expenses 619,000 (595,000)   (3,423,000) (2,028,000) (324,000)
Other current assets and other assets (83,000) (384,000)   (841,000) (335,000) (782,000)
Cryptocurrency intangible assets 109,000 31,000   30,000 928,000 (1,100,000)
Deferred contract acquisition costs (74,341,000) (22,091,000)   (64,921,000) (6,750,000) (12,306,000)
Trade and other payables (7,172,000) 3,403,000   6,990,000 (5,215,000) 3,881,000
Accrued expenses 32,946,000 654,000   (1,392,000) 10,065,000 7,223,000
Deferred revenue 172,849,000 78,266,000   178,849,000 36,667,000 42,855,000
Derivative liabilities       0 0 (2,882,000)
Operating lease liabilities (565,000) (1,333,000)   (2,084,000) (2,484,000) (2,284,000)
Other current and long-term liabilities 5,229,000 5,597,000   10,093,000 4,864,000 104,000
Net cash provided by operating activities 151,218,000 25,199,000   55,875,000 54,201,000 76,493,000
Cash Flows from Investing Activities:            
Cash paid for acquisitions, net of cash acquired (7,139,000) 0   0 (1,483,000) 0
Cash deposit for business combination       0 15,000,000 (15,000,000)
Acquisition of non-controlling interests, including transaction costs 0 (9,164,000)   (9,164,000) (193,000) 0
Purchases of property and equipment (62,000) (214,000)   (290,000) (177,000) (655,000)
Purchases of intangible assets (857,000) 0   (195,000) 0 0
Capitalized software development costs (20,000) 0   0 (752,000) (848,000)
Net cash (used in) provided by investing activities (8,078,000) (9,378,000)   (9,649,000) 12,395,000 (16,503,000)
Cash Flows from Financing Activities:            
Principal payments on long-term debt – related party 0 (5,390,000)   (5,390,000) (1,932,000) (4,108,000)
Cash received upon issuance of derivative instruments       0 0 306,000
Issuance of related party notes receivable (292,000) (1,437,000)   (1,148,000) (3,107,000) (83,000)
Proceeds from related party notes receivable 287,000 5,446,000   5,446,000 0 0
Distributions to members (15,098,000) (66,145,000)   (101,767,000) (20,471,000) (22,017,000)
Distributions to noncontrolling interests (831,000) (423,000)   (510,000) (1,831,000) (4,221,000)
Net cash provided by financing activities (15,934,000) (67,949,000)   (103,369,000) (27,341,000) (30,123,000)
Effect of exchange rate changes on cash (101,000) 27,000   (14,000) (41,000) 38,000
Net increase in cash, cash equivalents and restricted cash 127,105,000 (52,101,000)   (57,157,000) 39,214,000 29,905,000
Cash, cash equivalents and restricted cash — beginning of year 114,927,000 172,084,000   172,084,000 132,870,000 102,965,000
Cash, cash equivalents and restricted cash — end of year $ 242,032,000 $ 119,983,000 $ 114,927,000 $ 114,927,000 $ 172,084,000 $ 132,870,000