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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities    
Net income (loss) $ 6,193 $ (13,714)
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for bad debt 4,798 3,039
Depreciation and amortization 25,401 17,954
Loss from sales of assets 0 411
Loss on disposal of assets 8 0
Lease restructuring charges 542 4,203
Debt extinguishment 2,108 0
Stock-based compensation, net of amounts capitalized 6,393 958
Payment of contingent consideration 0 (1,000)
Amortization of debt issuance costs 1,379 936
Deferred income tax provision, net 16,459 (479)
Other 0 400
Change in fair value of contingent consideration 1,106 0
Change in fair value of warrant liabilities (18,115) 8,840
Change in tax receivable agreement liabilities (16,402) 1,138
Change in income tax receivable and payable (727) 0
Change in accounts receivable (8,369) (14,409)
Change in prepaid expenses and other current assets (419) (630)
Change in accounts payable and accrued expenses (612) 8,742
Change in other liabilities (956) 622
Net cash provided by operating activities 18,787 17,011
Cash flows from investing activities    
Additions to property and equipment (9,114) (10,372)
Acquisition of businesses, net of cash acquired (25,129) (2,799)
Other 0 10
Net cash used in investing activities (34,243) (13,161)
Cash flows from financing activities    
Proceeds from Business Combination 0 29,278
Proceeds from issuance of long-term debt 220,840 2,253
Payments of long-term debt and notes payable (200,977) (5,641)
Proceeds from borrowings on revolving credit facilities 11,000 10,000
Payments of borrowings on revolving credit facilities (15,000) (11,000)
Payment of debt issuance costs (3,565) (189)
Tax withholding on share based awards (994) 0
Payment of equity issuance (493) 0
Payment of early termination (188) 0
Proceeds from warrants exercised 11 0
Distribution to members (196) 0
Other 15 (162)
Net cash provided by financing activities 10,453 24,539
Net change in cash (5,003) 28,389
Cash, beginning of period 31,397 3,008
Cash, end of period 26,394 31,397
Supplemental Disclosure of Cash Flow Information    
Interest 12,926 13,255
Income taxes 4,442 3,940
Contingent and deferred acquisition consideration 11,903 0
Stock-based compensation capitalized in property and equipment 447 0
Capital expenditures included in accounts payable 410 325
Issuance of equity for Aimtell/PushPros/Aramis, Crisp Results and SmarterChaos $ 35,000 $ 3,000