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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities    
Net income $ 29.4 $ 25.8
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 18.9 17.9
Amortization of debt issuance costs 0.3 0.3
Share-based compensation 10.1 12.7
Loss on disposal and right-of-use asset write-downs 2.0 0.6
Provision for credit losses 0.0 0.1
Deferred income taxes 7.3 4.9
Non-cash lease expense 3.2 2.9
Other 1.5 0.5
Changes in operating assets and liabilities:    
Accounts receivable and related party accounts receivable 22.1 (7.3)
Prepaid expenses and other assets (20.5) (19.4)
Accounts payable 3.2 5.2
Accrued compensation and benefits (27.5) 9.4
Lease liabilities (2.1) (4.1)
Other liabilities 1.7 (4.2)
Customer liabilities and customer liabilities - related party (18.7) 0.7
Net cash provided by operating activities 30.9 46.0
Investing activities    
Purchases of property, equipment, and software (10.0) (9.6)
Net cash used in investing activities (10.0) (9.6)
Financing activities    
Inducement of preferred stock conversion 0.0 (105.0)
Exercise of vested stock options 0.4 4.4
Purchase of treasury stock (0.6) 0.0
Shares withheld for taxes (21.5) 0.0
Other (0.1) 0.0
Net cash used in financing activities (26.2) (107.1)
Effect of exchange rate changes in cash, cash equivalents and restricted cash (0.9) (0.1)
Net decrease in cash, cash equivalents and restricted cash (6.2) (70.8)
Cash, cash equivalents and restricted cash, at beginning of period 130.1 174.8
Cash, cash equivalents and restricted cash, at end of period 123.9 104.0
Supplemental disclosures of cash flow information    
Property, equipment and software purchases not paid 23.3 10.3
Senior Term Loan    
Financing activities    
Repayment of senior secured debt and Repayments on revolver $ (4.4) $ (6.5)