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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Consolidated net income $ 36,899 $ 46,947
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Depreciation and amortization 22,419 18,831
Currency loss (gain) on foreign denominated transactions 354 (30)
Deferred taxes (23,464) 2,336
Provision for doubtful accounts 699 450
Stock-based compensation expense 27,579 28,747
Amortization of deferred contract costs 5,564 6,454
Changes in operating assets and liabilities:    
Accounts receivable, net (12,022) (47,982)
Inventory (2,028) (2,533)
Prepaid expenses, prepaid income taxes, and other assets (10,434) (1,485)
Deferred contract costs (5,746) (5,098)
Accounts payable 8,168 15,333
Accrued expenses, accrued income taxes, and other liabilities 38,174 15,580
Deferred revenue 2,302 3,989
Lease obligations (869) (204)
Net cash provided by operating activities 87,595 81,335
Investing Activities    
Purchases of property and equipment (2,661) (4,672)
Capitalization of website development costs (5,502) (2,109)
Cash paid for acquisitions, net of cash acquired   (64,273)
Investments in certificates of deposit   (45,000)
Maturities of certificates of deposit 60,000 60,000
Net cash (used in) provided by investing activities 51,837 (56,054)
Financing Activities    
Proceeds from exercise of stock options 705 398
Payment of finance lease obligations (35) (13)
Payment of withholding taxes on net share settlement of equity awards (11,260) (8,208)
Repayment of line of credit   (14,250)
Payment of tax distributions to redeemable noncontrolling interest holders (12,691)  
Payments made to third party payment processor (2,363)  
Net cash used in financing activities (25,644) (22,073)
Impact of foreign currency on cash, cash equivalents, and restricted cash (912) (135)
Net increase in cash, cash equivalents, and restricted cash 112,876 3,073
Cash, cash equivalents, and restricted cash at beginning of period 248,280 200,926
Cash, cash equivalents, and restricted cash at end of period 361,156 203,999
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 41,160 8,220
Cash paid for operating lease liabilities 9,220 8,064
Supplemental noncash disclosure of cash flow information:    
Unpaid purchases of property and equipment, capitalized website development, capitalized internal-use software and capitalized hosting arrangements 362 245
Capitalized stock-based compensation expense in website development and internal-use software costs and hosting arrangements 2,471 1,435
Obtaining a right-of-use asset in exchange for a finance lease liability   664
Obtaining a right-of-use asset in exchange for an operating lease liability 5,307 12,336
Issuance of stock for acquisition   $ 103,645
Accretion of Redeemable Noncontrolling Interest to Redemption Value 111,620  
Accrued tax distributions to redeemable noncontrolling interest holders $ 3,638