XML 29 R6.htm IDEA: XBRL DOCUMENT v3.24.3
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net loss and comprehensive loss $ (49,210) $ (135,123)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Loss on impairments and disposal of assets 787 5,255
Amortization of intangibles 4,422 6,012
Depreciation 13,852 14,239
Non-cash compensation expense 22,085 31,327
Deferred income taxes 1,573 (4,289)
Bad debt expense 422 1,803
Amortization of debt issuance costs 1,691 3,473
Write-off of previously-capitalized debt issuance costs 0 2,373
Amortization of debt discount 224 0
Reduction in carrying amount of ROU asset, offset by change in operating lease liabilities (2,624) (3,118)
Gain on settlement of convertible debt (9,035) (34,308)
Loss on impairment of equity investments 58,376 114,504
Loss on impairment of goodwill 0 38,600
Changes in current assets and liabilities:    
Accounts receivable (70,726) 18,276
Prepaid and other current assets 138 (525)
Accounts payable, accrued expenses and other current liabilities 74,445 (11,878)
Income taxes (137) 1,115
Other, net (261) (1,044)
Net cash provided by operating activities 46,022 46,692
Cash flows from investing activities:    
Capital expenditures (8,398) (9,928)
Other 2 0
Net cash used in investing activities (8,396) (9,928)
Cash flows from financing activities:    
Repayment of term loan (8,750) (1,250)
Payments related to net-share settlement of stock-based compensation, net of proceeds from exercise of stock options (2,751) (1,527)
Net proceeds from term loan 125,000 0
Payment of debt costs (4,152) (1,079)
Payment of original issue discount (3,125) 0
Other financing activities (277) 0
Net cash used in financing activities (52,894) (160,150)
Net decrease in cash, cash equivalents, restricted cash and restricted cash equivalents (15,268) (123,386)
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period 112,056 298,969
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period 96,788 175,583
2025 Convertible Notes    
Adjustments to reconcile net loss to net cash provided by operating activities:    
Amortization of debt issuance costs 800 1,700
Cash flows from financing activities:    
Repurchase of 0.50% Convertible Senior Notes $ (158,839) $ (156,294)