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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended 12 Months Ended
Dec. 31, 2019
Jul. 10, 2019
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities        
Net loss $ (46,819,173) $ (23,742,530) $ (56,036,563) $ (117,366,245)
Adjustments to reconcile net loss to net cash provided by operating activities:        
Depreciation and amortization 23,756,888 6,222,917 89,691,707 60,806,659
Stock based compensation 22,013,287 908,978 22,311,251 19,445,800
Amortization of debt issuance costs 570,671 215,658 2,536,075 1,416,012
Loss on disposal of property and equipment     19,039  
Loss on extinguishment of debt     5,940,600  
Loss on sale of interest rate swaps     9,315,854  
Fair value change in warrant liability 15,258,497     70,827,214
Fair value change in tax receivable agreement liability 1,638,465   14,109,063 12,439,485
Fair value change in other assets and liabilities     5,845,626 (2,509,840)
Impairment loss     2,180,000  
Payments of contingent consideration in excess of acquisition date fair value     (1,500,000) (4,070,549)
Deferred tax benefit (4,990,989)   (30,727,924) (12,358,025)
Change in accounts receivable 779,008 (4,614,620) (6,518,325) (2,890,762)
Change in related party receivable (563,084)     563,084
Change in prepaid expenses and other (3,579,300) (73,533) (3,800,600) 541,639
Change in operating lease ROU assets     2,012,832 (10,074,506)
Change in accounts payable 2,656,630 1,297,035 4,771,635 38,185
Change in related party payable 14,571,266   1,335,688 (309,669)
Change in accrued expenses and other (12,356,519) 28,136,310 637,056 370,343
Change in operating lease liabilities     (1,322,592) 10,363,879
Change in other liabilities     (7,470,178) 1,254,000
Net cash provided by operating activities 12,935,647 8,350,215 53,330,244 28,486,704
Cash flows from investing activities        
Purchases of property and equipment (498,513) (203,026) (2,862,903) (994,147)
Purchases of intangible assets (3,375,751) (3,842,744) (20,642,675) (23,279,349)
Purchases of equity investment     (2,499,996)  
Net cash used in investing activities (335,083,842) (4,045,770) (397,335,004) (145,980,474)
Cash flows from financing activities        
Payment on line of credit 6,500,000     (10,000,000)
Issuance of long-term debt 210,000,000   460,000,000 60,425,983
Payments on long-term debt (90,862,500) (2,450,000) (262,653,996) (6,709,486)
Repurchase of outstanding warrants (38,700,000)      
Repurchase of treasury shares (4,507,544)   (4,041,923) (1,414,732)
Issuance of warrants 207      
Exercise of warrants       86,799,717
Redemption of Post-Merger Repay Units       (435,296,258)
Distributions to Members (185,957) (6,904,991) (62,327) (1,496,213)
Payment of loan costs (6,065,465)   (14,051,380) (1,861,817)
Payments of contingent consideration up to acquisition date fair value     (7,448,786) (14,250,000)
Net cash provided by (used in) financing activities 360,049,312 (9,354,991) 313,839,952 186,097,387
Increase (decrease) in cash, cash equivalents and restricted cash 37,901,117 (5,050,546) (30,164,808) 68,603,617
Cash, cash equivalents and restricted cash at beginning of period   23,262,058 106,504,734 37,901,117
Cash, cash equivalents and restricted cash at end of period 37,901,117 18,211,512 76,339,926 106,504,734
Cash paid during the year for:        
Interest 5,351,222 $ 2,929,509 1,143,040 11,486,760
Class A Common Stock        
Cash flows from financing activities        
Public issuance of Class A Common Stock 135,000,000   142,098,364 509,900,193
Transfer of cash from trust upon conversion of Thunder Bridge Class A ordinary shares 148,870,571      
Hawk Parent        
Cash flows from investing activities        
Acquisition, net of cash and restricted cash acquired (242,599,551)      
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES        
Acquisition in exchange for Class A Common Stock 220,056,226      
Acquisition of Hawk Parent in exchange for amounts payable under Tax Receivable Agreement 229,228,105      
Acquisition in exchange for contingent consideration 12,300,000      
TriSource Solutions, LLC        
Cash flows from investing activities        
Acquisition, net of cash and restricted cash acquired (59,160,005)      
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES        
Acquisition in exchange for contingent consideration 2,250,000     1,750,000
Ventanex        
Cash flows from investing activities        
Acquisition, net of cash and restricted cash acquired       (35,460,153)
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES        
Acquisition in exchange for contingent consideration       4,800,000
cPayPlus        
Cash flows from investing activities        
Acquisition, net of cash and restricted cash acquired       (7,694,632)
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES        
Acquisition in exchange for contingent consideration       6,500,000
CPS        
Cash flows from investing activities        
Acquisition, net of cash and restricted cash acquired     10,779 (78,086,739)
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES        
Acquisition in exchange for contingent consideration       4,500,000
APS        
Cash flows from investing activities        
Acquisition, net of cash and restricted cash acquired (29,450,022)     (465,454)
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES        
Acquisition in exchange for contingent consideration $ 12,000,000     $ 6,580,549
Billing Tree        
Cash flows from investing activities        
Acquisition, net of cash and restricted cash acquired     (269,002,616)  
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES        
Acquisition in exchange for Class A Common Stock     228,250,000  
Kontrol        
Cash flows from investing activities        
Acquisition, net of cash and restricted cash acquired     (7,439,373)  
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES        
Acquisition in exchange for contingent consideration     500,000  
Payix        
Cash flows from investing activities        
Acquisition, net of cash and restricted cash acquired     (94,898,220)  
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES        
Acquisition in exchange for contingent consideration     $ 2,850,000