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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows provided by (used in) operating activities:    
Net income $ 30,664 $ 12,484
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:    
Depreciation of property and equipment 140 99
Reduction in carrying value of right of use assets 672 663
Stock-based compensation 3,417 2,338
Net (gain) loss on investment in marketable securities 7,884 (479)
Net losses (gains) on derivative instruments (4,831) 1,364
Impairment of long-term deposits 0 2,166
Foreign currency remeasurement losses 145 635
Deferred income taxes (5,101) 531
Shares issued to an employee in lieu of cash compensation 157 0
Other 23 23
Changes in operating assets and liabilities:    
Accounts and other receivables 735 248
Prepaid expenses and other current assets 4,085 (823)
Long-term deposits 5,196 110
Other assets 1,226 2,952
Accounts payable 84 (148)
Accrued compensation 1,474 (446)
Other current liabilities (1,775) 2,205
Deferred revenue (4,130) (4,982)
Other long-term liabilities 81 (1,491)
Net cash and cash equivalents provided by operating activities 40,146 17,449
Cash flows provided by (used in) investing activities:    
Purchases of marketable securities and other investments 151,306 109,408
Proceeds from sale or maturities of marketable securities and other investments 119,714 17,156
Proceeds from sale of derivative instruments 16,265 18,919
Payments for settlement of derivative instruments (14,052) (14,016)
Purchases of property and equipment (30) (335)
Proceeds from sale of fixed assets 4 0
Net cash and cash equivalents used in investing activities (29,405) (87,684)
Cash flows provided by (used in) financing activities:    
Payment for purchases of treasury stock (13,238) 0
Shares withheld to cover payroll taxes 229 0
Proceeds from issuance of common stock, net of issuance costs 5 59,189
Proceeds from issuance of common stock under employee stock purchase plan 51 150
Proceeds from stock options exercises 0 2,864
Net cash and cash equivalents provided by (used in) financing activities (13,411) 62,203
Net decrease in cash and cash equivalents (2,670) (8,032)
Cash and cash equivalents:    
Beginning of period 51,490 59,522
End of period 48,820 51,490
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 1,408 88
Supplemental disclosure of non-cash investing, and financing activities:    
Dividends declared but not yet paid 4,212 0
Leased assets obtained in exchange for new operating lease liabilities $ 120 $ 0