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Unaudited condensed consolidated statements of cash flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 126,689 $ 9,505
Adjustments to reconcile net income to net cash provided by operating activities-net of effect of acquisitions:    
Intangible amortization 192,256 133,041
Depreciation and other amortization 11,454 10,835
Amortization of debt financing costs 2,999 2,856
Non-cash equity compensation expense 22,190 24,569
Non-cash changes in fair value of estimated contingent consideration (82,450) 96,241
Income from equity method investments (157) (514)
Distributions received from equity method investments 1,059 773
Deferred taxes and other non-cash items 38,492 (570)
Changes in cash resulting from changes in operating assets and liabilities:    
Accounts receivable (7,959) (22,247)
Prepaid expenses and other assets (7,083) (17,731)
Accounts payable 21 1,974
Accrued expenses 37,729 35,382
Due to affiliates (39,020) 22,715
Contingent consideration and other liabilities (69,038) (61,181)
Deferred revenue 3,134 2,200
Net cash provided by operating activities 230,316 237,848
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for acquisitions and contingent consideration-net of cash acquired (361,675) (286,803)
Purchase of fixed assets (13,152) (6,560)
Investment and other, net (5,232) (17,232)
Net cash used in investing activities (380,059) (310,595)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings under credit facilities 100,000 1,169,500
Repayments of borrowings under credit facilities (68,523) (419,145)
Proceeds from issuance of common stock, net   25,767
Payments in connection with unit redemption, net   (25,767)
Payments in connection with tax receivable agreements (3,856) (4,423)
Contingent consideration paid (35,929) (67,735)
Payments of deferred acquisition consideration (1,484)  
Payments of debt financing costs (1,111) (8,282)
Proceeds from exercise of stock options 1,158 6,186
Distributions for unitholders (20,519) (26,391)
Other 375 (46)
Net cash provided by (used in) financing activities (29,889) 649,664
EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS (2,524) (568)
CHANGE IN CASH AND CASH EQUIVALENTS (182,156) 576,349
CASH AND CASH EQUIVALENTS:    
Beginning of period 310,684 65,858
End of period $ 128,528 $ 642,207