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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
OPERATING ACTIVITIES:    
Net income $ 6,277 $ 4,162
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 36,885 14,477
Stock-based compensation 60,965 51,605
Deferred income taxes 125 124
Non-cash lease income (1,757) (989)
Other 625 310
Changes in operating assets and liabilities:    
Accounts receivable and due from vendors (15,697) 2,364
Prepaid expenses and other current assets (35,545) (1,480)
Accounts payable and accrued liabilities 29,784 9,822
Deferred revenue 69,012 38,030
Funds payable to customers (4,943) (2,131)
Other operating assets and liabilities 117 408
Net cash provided by operating activities 145,848 116,702
INVESTING ACTIVITIES:    
Proceeds from the sale and maturities of marketable securities 1,000 39,664
Purchases of marketable securities (52,856) (7,824)
Purchase of property and equipment (6,074) (7,167)
Net cash (used in)/provided by investing activities (57,930) 24,673
FINANCING ACTIVITIES:    
Principal payments on debt (24,488) (20,379)
Payments for repurchase and retirement of Class A common stock (16,311) (25,321)
Taxes paid related to net share settlement of equity awards (37,640) (20,318)
Proceeds from exercise of stock options 2,585 134
Net cash used in financing activities (75,854) (65,884)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (513) 165
Increase in cash, cash equivalents and restricted cash, including cash classified as assets of business held for sale 11,551 75,656
Less: Increase in cash, cash equivalents and restricted cash classified as assets of business held for sale (35,473) 0
Net (decrease)/increase in cash, cash equivalents and restricted cash (23,922) 75,656
Cash, cash equivalents and restricted cash at the beginning of the period 294,285 232,620
Cash, cash equivalents and restricted cash at the end of the period 270,363 308,276
Reconciliation of cash, cash equivalents, and restricted cash:    
Cash and cash equivalents 270,363 274,004
Restricted cash 0 34,272
Cash, cash equivalents, and restricted cash at the end of the period 270,363 308,276
SUPPLEMENTAL DISCLOSURE OF CASH FLOW    
Cash paid during the year for interest 19,883 16,360
Cash paid during the year for income taxes, net of refunds 31,231 22,902
Cash paid for amounts included in the measurement of operating lease liabilities 8,124 7,861
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCE ACTIVITIES    
Purchases of property and equipment included in accounts payable and accrued liabilities 295 196
Capitalized stock-based compensation $ 1,404 $ 1,638