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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 22,857 $ 9,057
Less: Income from discontinued operations 4,386 4,757
Income from continuing operations 18,471 4,300
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 14,101 16,256
Non-cash lease expense, net (3,223) (1,760)
Stock-based compensation expense 6,324 2,841
Deferred taxes (17,042) 4,657
Equity in net loss (income) of unconsolidated investments 398 (22)
Other loss, net 226 716
Changes in operating assets and liabilities (net of businesses acquired):    
Accounts receivable and contract assets, net 26,205 26,234
Prepaid expenses and other assets 5,431 (2,039)
Accounts payable 10,210 (2,949)
Accrued expenses 13,031 3,178
Accrued compensation and benefits (13,291) (13,727)
Deferred revenue (28,352) (23,958)
Other liabilities 2,022 1,443
Net cash provided by (used in) operating activities - continuing operations 34,511 15,170
Net cash used in operating activities - discontinued operations 34,750 (10,595)
Net cash provided by operating activities 69,261 4,575
Cash flows from investing activities:    
Capital expenditures (345) (225)
Capitalized software (9,600) (8,148)
Cash paid for business acquisitions, net of cash acquired (24,106) 0
Sale of businesses and other investments, net of cash divested, and distributions received 1,083 1,753
Purchases of equity securities, other investments and related intangible assets, net 0 (221)
Net cash used in investing activities - continuing operations (32,968) (6,841)
Net cash used in investing activities - discontinued operations (11,231) (12,148)
Net cash used in investing activities (44,199) (18,989)
Cash flows from financing activities:    
Taxes paid related to net share settlement of equity awards (13,275) (4,723)
Credit facility payments (25,000) 0
Credit facility borrowings, net of issuance costs 25,000 0
Repurchase of common stock (49,679) 0
Intercompany to/from parent/subsidiaries 11,685 28,373
Payment of acquisition and other financing obligations 0 (1,542)
Net cash (used in) provided by financing activities - continuing operations (51,269) 22,108
Net cash provided by (used in) financing activities - discontinued operations (11,697) (29,622)
Net cash used in financing activities (62,966) (7,514)
Effect of exchange rate changes on cash and cash equivalents (11) (27)
Net decrease in cash and cash equivalents (37,915) (21,955)
Cash, cash equivalents and restricted cash, beginning of period 190,520 537,465
Cash, cash equivalents and restricted cash, end of period 152,605 515,510
Less: Cash and cash equivalents and restricted cash included in current assets held for sale (68,518) (60,430)
Cash, cash equivalents and restricted cash, end of period, excluding current assets held for sale $ 84,087 $ 455,080