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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Consolidated net income (loss) $ 36,042 $ (105,060)
Adjustments to reconcile consolidated net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 22,709 23,033
Non-cash operating lease cost 4,379 4,940
Stock-based compensation to employees and directors 8,356 13,623
Impairment of equity securities 813 6,964
Income (Loss) from Equity Method Investments (11,909) (4,922)
Gain on disposal of business 10,705 0
Impairment of Intangible Assets, Finite-lived 0 1,406
Other non-cash adjustments 2,587 1,978
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net (15,715) 12,858
Inventories (1,027) 6,864
Prepaids and other current assets (42) 5,473
Other long-term assets, net 26 (1,046)
Accounts payable 44,101 (42,110)
Accrued liabilities 59,657 (8,683)
Unearned revenue 37,161 (10,066)
Operating lease liabilities (4,954) (4,086)
Other long-term liabilities 3,413 (205)
Net cash provided by (used in) operating activities 198,710 (89,195)
Cash flows from investing activities:    
Purchase of equity securities (1,553) (5,106)
Proceeds from sale of equity securities and marketable securities 6,306 7,082
Acquisitions of businesses, net of cash acquired 0 4,886
Expenditures for property and equipment (15,067) (17,902)
Deconsolidation of cash of Medici Land Governance, Inc. (4,056) 0
Other investing activities, net (1,061) (3,219)
Net cash used in investing activities (15,431) (14,259)
Cash flows from financing activities:    
Payments on long-term debt (1,566) (3,141)
Proceeds from long-term debt 47,500 0
Proceeds from sale of common stock, net of offering costs 195,540 52,112
Payments of taxes withheld upon vesting of restricted stock (2,317) (1,373)
Other financing activities, net (5,054) (1,161)
Net cash provided by financing activities 234,103 46,437
Net increase (decrease) in cash, cash equivalents and restricted cash 417,382 (57,017)
Cash, cash equivalents and restricted cash, beginning of period 114,898 142,814
Cash, cash equivalents and restricted cash, end of period 532,280 85,797
Non-cash investing and financing activities:    
Recognition of right-of-use assets upon adoption of ASC 842 0 30,968
Deposit applied to business combination purchase price $ 0 $ 7,347