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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities      
Net loss $ (561,919) $ (382,963) $ (599,392)
Loss from discontinued operations, net of tax (136,874) (31,177) 0
Net loss from continuing operations (425,045) (351,786) (599,392)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 36,731 37,666 43,972
Stock-based compensation 52,454 53,150 50,739
Impairment of intangible assets (excluding goodwill) 0 0 100,304
Impairment expense goodwill 0 0 148,622
Non-cash expense relating to issuance of warrants and common stock 0 0 2,209
Loss on deconsolidation of Nexway, net of cash retained by Nexway 0 0 8,564
Loss on extinguishment of debt 0 380 24,521
Common stock issued in connection with note payable 0 0 67
Gain on sale of assets 0 0 (7,631)
Amortization of debt discount 2,476 14,928 12,327
Deferred income tax benefit (1,666) (2,681) (9,660)
Change in fair value of derivative liability 0 0 426
Change in fair value of warrant liabilities 1,701 (2,659) 83,338
Change in fair value of shares settled liability 0 0 1,665
Change in fair value of profit share liability 0 0 (1,971)
Unrealized gain on investment 0 0 (2,614)
Amortization of right-of-use assets 3,078 954 681
Accrued interest on notes payable 0 0 246
Foreign currency loss 0 0 1,010
Other adjustments 1,155 583 (620)
Changes in operating assets and liabilities of business, net of acquisitions:      
Accounts receivable, net (9,778) (15,047) (12,591)
Prepaid expenses and other assets (950) (3,554) (2,141)
Prepaid sports rights (34,384) (3,284) 0
Accounts payable 12,014 8,727 (39,141)
Accrued expenses and other liabilities 50,116 64,792 40,761
Due to related parties 0 0 (665)
Deferred revenue 21,102 26,055 8,619
Lease liabilities 1,210 (120) (663)
Net cash used in operating activities - continuing operations (289,786) (171,896) (149,018)
Net cash used in operating activities - discontinued operations (26,915) (24,031) 0
Net cash used in operating activities (316,701) (195,927) (149,018)
Cash flows from investing activities      
Advance to fuboTV Pre-Merger 0 0 (10,000)
Acquisition of fuboTV’s Pre-Merger cash and cash equivalents and restricted cash 0 0 9,373
Sale of Facebank AG 0 0 (619)
Cash paid for acquisitions, net of cash acquired 0 (22,894) 0
Purchases of short term investments (100,000) 0 0
Proceeds from maturity of short term investments 100,000 0 0
Purchases of property and equipment (1,130) (3,409) (166)
Capitalization of internal use software (4,857) (4,074) (45)
Net cash used in investing activities - continuing operations (5,987) (30,377) (1,457)
Net cash used in investing activities - discontinued operations (6,436) (45,795) 0
Net cash used in investing activities (12,423) (76,172) (1,457)
Cash flows from financing activities      
Proceeds from sale of common stock and warrants, net of fees 292,123 140,446 278,883
Proceeds from convertible note, net of issuance costs 0 389,446 3,003
Repayments of convertible notes 0 0 (3,913)
Proceeds from exercise of stock options 829 3,013 2,178
Proceeds from the exercise of warrants 5,000 3,762 1,685
Proceeds from notes payable and long-term borrowings 0 0 33,649
Repayments of notes payable and long-term borrowings (1,682) (24,709) (35,400)
Proceeds from the issuance of Series D Preferred Stock 0 0 203
Redemption of Series D Preferred Stock 0 0 (883)
Repayments to related parties 0 0 (333)
Net cash provided by financing activities - continuing operations 296,270 511,958 279,072
Net cash provided by financing activities - discontinued operations 0 0 0
Net cash provided by financing activities 296,270 511,958 279,072
Net increase (decrease) in cash, cash equivalents and restricted cash (32,854) 239,859 128,597
Cash, cash equivalents and restricted cash at beginning of period 376,080 136,221 7,624
Cash, cash equivalents and restricted cash at end of period 343,226 376,080 136,221
Supplemental disclosure of cash flows information:      
Interest paid 13,786 8,017 5,372
Non cash financing and investing activities:      
Conversion of Series AA preferred stock to common stock 0 406,665 159,459
Issuance of convertible preferred stock for Merger 0 0 566,124
Reclassification of warrant liabilities to equity 0 0 13,535
Issuance of common stock to original owners of Facebank AG 0 0 12,395
Issuance of common stock in connection with acquisitions 0 107,053 0
Reclassification of the equity components of the 2026 Convertible Notes to liability upon adoption of ASU 2020-06 75,264 0 0
Reclass of shares settled liability to additional paid-in capital for issuance of common stock 0 0 9,097
Reclass of shares settled liability for intangible asset to stock-based compensation 0 0 1,000
Issuance of treasury stock in connection with acquisitions 0 8,538 0
Cashless exercise of warrants 5,249 16,480 98,132
Accrued expenses - At-the-market offering 18 51 0
Common stock issued in connection with note payable 0 0 259
Issuance of common stock - subsidiary share exchange 0 0 2,042
Deconsolidation of Nexway 0 0 1,825
Unpaid financing costs included in accounts payable 0 0 772
Accrued Series D Preferred Stock dividends 0 0 17
Deemed dividend related to immediate accretion of redemption feature of convertible preferred stock $ 0 $ 0 $ 171