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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows provided by (used in) operating activities:    
Net income $ 8,278 $ 5,076
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:    
Depreciation of property and equipment 21 35
Reduction in carrying value of right of use assets 151 171
Stock-based compensation 946 1,141
Net gains on investment in marketable securities (3,683) (3,534)
Net (gain) loss on derivative instruments (615) 2,795
Foreign currency remeasurement losses 0 131
Shares issued to an employee in lieu of cash compensation 385 0
Other (26) (17)
Changes in operating assets and liabilities:    
Accounts and other receivables (501) (109)
Prepaid expenses and other current assets 383 1,644
Long-term deposits 18 4,611
Other assets 113 757
Accounts payable (68) 52
Accrued compensation (1,259) 12
Other current liabilities 602 (77)
Deferred revenue (1,189) (1,295)
Other long-term liabilities (33) (355)
Net cash and cash equivalents provided by operating activities 3,523 11,038
Cash flows provided by (used in) investing activities:    
Purchases of marketable securities and other investments (54,954) (36,778)
Proceeds from sale or maturities of marketable securities and other investments 30,771 39,899
Proceeds from sale of derivative instruments 5,844 6,817
Payments for settlement of derivative instruments (1,369) (5,105)
Net cash and cash equivalents provided by (used in) investing activities (19,708) 4,833
Cash flows provided by (used in) financing activities:    
Dividends payments to stockholders (4,400) 0
Payment for purchases of treasury stock 0 (4,442)
Shares withheld to cover payroll taxes (757) 0
Other financing activities 6 39
Net cash and cash equivalents used in financing activities (5,151) (4,403)
Net increase (decrease) in cash and cash equivalents (21,336) 11,468
Cash and cash equivalents:    
Beginning of period 48,820 51,490
End of period 27,484 62,958
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 19 17
Supplemental disclosure of non-cash investing, and financing activities:    
Dividends declared but not yet paid 1,015 0
Leased assets obtained in exchange for new operating lease liabilities $ 0 $ 120