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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Activities    
Net income (loss) $ (10,575) $ 4,664
Adjustments to reconcile net income (loss) to operating activities:    
Amortization, depreciation and write-offs 88,817 32,279
Amortization of debt issuance costs and discount 4,303 1,421
Stock-based compensation 29,959 3,462
Change in operating right-of-use asset 5,796 1,184
Loss on settlement of debt 16,852 0
Net unrealized gains on fair value remeasurement of financial instruments (11,214) 0
Net gain on foreign currency remeasurement (1,305) (49)
Changes in operating assets and liabilities:    
Accounts receivable (43,917) (3,435)
Prepaid expenses and other current assets (18,775) 4,450
Other assets 472 53
Accounts payable 9,370 5,352
Operating lease liabilities (5,631) (1,098)
Accrued and other liabilities (1,339) (2,942)
Deferred revenue (994) 346
Net cash provided by operating activities 61,819 45,687
Investing Activities    
Purchase of property and equipment (121) (200)
Acquisitions, net of cash acquired (4,152) (54,499)
Purchase of non-marketable investments and other (14,000) 0
Net cash used in investing activities (18,273) (54,699)
Financing Activities    
Proceeds from debt issuance, net of issuance costs 844,729 49,835
Payments of debt principal (302,327) (3,053)
Payments of finance leases (840) (1,669)
Proceeds from exercise of stock options 12,882 145
Payments of deferred acquisition costs (152,245) (11,019)
Repurchases of common stock 0 (760)
Payments of deferred IPO costs (1,825) 0
Net cash provided by financing activities 400,374 33,479
Effect of foreign exchange rate on cash and cash equivalents (80) 7
Net increase in cash and cash equivalents 443,840 24,474
Cash and cash equivalents at beginning of the period 317,235 396,247
Cash and cash equivalents at end of the period 761,075 420,721
Supplemental non-cash investing and financing activities disclosures:    
Acquisition not yet paid 32,161 5,370
Deferred IPO costs not yet paid 1,834 0
Assets acquired under finance leases 445 1,419
Supplemental disclosure of cash flow information:    
Cash paid for interest on debt 15,662 15,837
Cash paid for income taxes $ 221 $ 2,056