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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Operating activities        
Net loss $ (47,306) $ (19,758) $ (72,201) $ (33,289)
Adjustments to reconcile net loss to net cash used in operating activities:        
Credit loss expense     1,156 1,326
Depreciation and amortization     11,898 3,876
Amortization of financing costs charged to interest expense     448 48
Accretion of debt discount and non-cash interest expense 4,680 0    
Amortization of right-of-use assets     2,354 1,731
Termination of U.K. agreement expense     20,585 13,233
Other non-cash expense (income), net     (279) 2,073
Amortization of deferred implementation costs 730 991 1,612 1,999
Change in operating assets and liabilities:        
Accounts receivable     10,209 42,460
Prepaid expenses and other assets     (1,896) (603)
Accounts payable     2,021 (163)
Other accrued expenses     2,021 (6,922)
Partner Share liability     (8,768) (22,665)
Consumer Incentive liability     (2,830) (10,748)
Net cash used in operating activities     (27,510) (7,644)
Investing activities        
Acquisition of property and equipment     (1,790) (1,225)
Acquisition of patents     (58) (30)
Capitalized software development costs     (4,431) (2,132)
Business acquisition, net of cash acquired (494,131) 0    
Net cash used in investing activities     (500,410) (3,387)
Financing activities        
Principal payments of debt     (11) (11)
Proceeds from issuance of common stock     485,690 5,435
Deferred equity issuance costs     (190) 0
Debt issuance costs     (86) (13)
Net cash received from financing activities     485,403 5,411
Effect of exchange rates on cash, cash equivalents and restricted cash     (118) (492)
Net decrease in cash, cash equivalents and restricted cash     (42,635) (6,112)
Cash, cash equivalents, and restricted cash — Beginning of period     293,349 104,587
Cash, cash equivalents, and restricted cash — End of period 250,714 98,475 250,714 98,475
Cash and cash equivalents 250,603 98,370 250,603 98,370
Restricted cash 111 105 111 105
Total cash, cash equivalents and restricted cash — End of period 250,714 98,475 250,714 98,475
Supplemental schedule of non-cash investing and financing activities:        
Cash paid for interest     1,139 32
Amounts accrued for property and equipment and capitalized software development costs $ 390 $ 452 $ 390 $ 452