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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
OPERATING ACTIVITIES:    
Net loss $ (12,337) $ (18,259)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 24,975 23,773
Stock-based compensation 79,922 75,051
Deferred income taxes 190 0
Non-cash lease (income)/expense (1,601) 2,258
Other 485 700
Changes in operating assets and liabilities:    
Accounts receivable and due from vendors (11,151) (3,099)
Prepaid expenses and other current assets (9,486) (11,514)
Accounts payable and accrued liabilities 44,080 6,034
Deferred revenue 47,786 38,035
Funds payable to customers 5,364 12,936
Other operating assets and liabilities 1,800 (798)
Net cash provided by operating activities 170,027 125,117
INVESTING ACTIVITIES:    
Proceeds from the sale and maturities of marketable securities 39,664 22,740
Cash paid for asset acquisition (176,721) 0
Purchases of marketable securities (7,824) (19,444)
Purchase of property and equipment (13,141) (8,852)
Net cash used in investing activities (158,022) (5,556)
FINANCING ACTIVITIES:    
Borrowings on Term Loan 99,444 0
Payments of debt issuance costs (637) 0
Principal payments on debt (32,623) (10,189)
Payments for repurchase and retirement of Class A common stock (25,321) (85,580)
Taxes paid related to net share settlement of equity awards (28,306) (17,334)
Proceeds from exercise of stock options 191 2,158
Net cash provided by/(used in) financing activities 12,748 (110,945)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (238) (985)
Net increase in cash, cash equivalents and restricted cash 24,515 7,631
Cash, cash equivalents, and restricted cash at the beginning of the period 232,620 233,680
Cash, cash equivalents, and restricted cash at the end of the period 257,135 241,311
Reconciliation of cash, cash equivalents, and restricted cash:    
Cash and cash equivalents 216,464 200,480
Restricted cash 40,671 40,831
Cash, cash equivalents, and restricted cash at the end of the period 257,135 241,311
SUPPLEMENTAL DISCLOSURE OF CASH FLOW    
Cash paid during the year for interest 25,407 10,283
Cash paid during the year for income taxes 31,240 9,450
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCE ACTIVITIES    
Purchases of property and equipment included in accounts payable and accrued liabilities 23 1,814
Non-cash leasehold improvements 0 5,863
Capitalized stock-based compensation $ 3,127 $ 737