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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 37,964 $ 17,222
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 9,922 8,428
Interest expense, net (159) (9)
Share-based compensation 4,168 3,822
Debt acquisition cost write-down 0 92
Changes in certain assets and liabilities:    
Fees and other receivables, net (1,578) (1,484)
Receivables from related party (241) (400)
Prepaid expenses and other current assets 2,493 1,738
Accounts payable, accrued liabilities and other current liabilities (15,583) 3,871
Income tax receivable and payable, net 10,429 5,846
Net cash provided by operating activities 47,415 39,126
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of Adhesion Wealth 0 (3,000)
Purchase of investments (1,562) (824)
Sale of investments 179 66
Purchase of property and equipment (1,071) (220)
Purchase of computer software (10,833) (9,954)
Purchase of convertible notes (4,182) 0
Net cash used in investing activities (17,469) (13,932)
CASH FLOWS FROM FINANCING ACTIVITIES    
Payments on term loan 0 (25,000)
Net cash used in financing activities 0 (25,000)
Net change in cash, cash equivalents, and restricted cash 29,946 194
Cash, cash equivalents, and restricted cash at beginning of period 232,680 136,274
Cash, cash equivalents, and restricted cash at end of period 262,626 136,468
SUPPLEMENTAL CASH FLOW INFORMATION    
Income taxes paid, net 1,324 868
Interest paid 2,104 3,787
Non-cash operating and investing activities:    
Non-cash changes to right-of-use assets 0 1,742
Non-cash changes to lease liabilities $ 0 $ 1,742