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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 70,278 $ 50,099
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 20,218 17,112
Interest expense, net (321) (45)
Share-based compensation 8,003 7,974
Debt acquisition cost write-down 255 92
Changes in certain assets and liabilities:    
Fees and other receivables, net (457) (863)
Receivables from related party 250 480
Prepaid expenses and other current assets 2,812 2,954
Accounts payable, accrued liabilities and other current liabilities 6,291 13,614
Income tax receivable and payable, net (7,893) 14,062
Net cash provided by operating activities 99,436 105,479
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of Adhesion Wealth 0 (3,000)
Purchase of investments (2,099) (1,528)
Sale of investments 179 257
Purchase of property and equipment (1,530) (469)
Purchase of computer software (23,302) (20,920)
Purchase of convertible notes (5,932) (4,275)
Net cash used in investing activities (32,684) (29,935)
CASH FLOWS FROM FINANCING ACTIVITIES    
Payments on term loan (93,750) (25,000)
Net cash used in financing activities (93,750) (25,000)
Net change in cash, cash equivalents, and restricted cash (26,998) 50,544
Cash, cash equivalents, and restricted cash at beginning of period 232,680 136,274
Cash, cash equivalents, and restricted cash at end of period 205,682 186,818
SUPPLEMENTAL CASH FLOW INFORMATION    
Income taxes paid, net 32,378 4,298
Interest paid 4,178 5,736
Non-cash operating and investing activities:    
Non-cash changes to right-of-use assets 4,183 1,795
Non-cash changes to lease liabilities $ 4,183 $ 1,795