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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
OPERATING ACTIVITIES:              
Net income/(loss) $ 64,496 $ (92,860) $ (234,532) $ (1,146) $ (28,364) $ (235,678)  
Adjustments to reconcile net loss to net cash provided by operating activities:              
Depreciation and amortization         15,869 16,232  
Stock-based compensation         50,957 260,365  
Deferred income taxes         0 (16,981)  
Non-cash lease expense         638 0  
Other         502 565  
Changes in operating assets and liabilities:              
Accounts receivable and due from vendors         (1,701) (105)  
Prepaid expenses and other current assets         (3,021) (10,786)  
Accounts payable and accrued liabilities         9,260 4,260  
Deferred revenue         30,294 30,766  
Funds payable to customers         9,456 10,097  
Other operating assets and liabilities         (207) 88  
Net cash provided by operating activities         83,683 58,823  
INVESTING ACTIVITIES:              
Proceeds from the sale and maturities of marketable securities         15,940 14,805  
Purchases of marketable securities         (17,016) (14,181)  
Purchase of property and equipment         (5,735) (2,415)  
Cash paid for acquisitions, net of acquired cash         0 (202,515)  
Net cash used in investing activities         (6,811) (204,306)  
FINANCING ACTIVITIES:              
Principal payments on debt         (6,793) (6,793)  
Payments for repurchase and retirement of Class A common stock         (35,202) 0  
Taxes paid related to net share settlement of equity awards         (15,269) (25,735)  
Proceeds from exercise of stock options         2,110 3,566  
Proceeds from issuance of Class C (authorized on March 15, 2021) common stock, net of issuance costs         0 304,409  
Dividends paid         0 (367) $ (367)
Net cash (used in)/provided by financing activities         (55,154) 275,080  
Effect of exchange rate changes on cash, cash equivalents, and restricted cash         (600) (38)  
Net increase in cash, cash equivalents, and restricted cash         21,118 129,559  
Cash, cash equivalents, and restricted cash at the beginning of the period   $ 233,680   $ 57,891 233,680 57,891 57,891
Cash, cash equivalents, and restricted cash at the end of the period 254,798   187,450   254,798 187,450 233,680
Reconciliation of cash, cash equivalents, and restricted cash:              
Cash and cash equivalents 215,092   160,142   215,092 160,142 203,247
Restricted cash 39,706   27,308   39,706 27,308  
Cash, cash equivalents, and restricted cash at the end of the period $ 254,798   $ 187,450   254,798 187,450 $ 233,680
SUPPLEMENTAL DISCLOSURE OF CASH FLOW              
Cash paid during the year for interest         5,247 5,628  
Cash paid during the year for income taxes         5,968 1,080  
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCE ACTIVITIES              
Purchases of property and equipment included in accounts payable and accrued liabilities         1,582 1,090  
Non-cash leasehold improvements         5,679 0  
Capitalized stock-based compensation         259 42  
Issuance of Class C (authorized on March 15, 2021) common stock for acquisition         0 188,179  
Receivables for exercise of stock options included in prepaid expenses and other current assets         $ 0 $ 103