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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income (loss) $ 21,206 $ 22,531 $ (18,792)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 143,993 111,447 47,083
Net book value of property buyouts 45,589 31,140 11,737
Impairment expense 14,566 17,064 9,979
Bad debt expense 28,299 16,064 9,163
Stock-based compensation 13,020 351 315
Amortization of debt discount 2,701 218 0
Amortization of debt issuance costs 357 431 740
Accrued PIK interest 1,547 0 0
Warrant expense 0 0 560
Warrant expense (36,573) (102) 0
Loss on extinguishment of debt 0 402 823
Other 0 106 168
Change in operating assets and liabilities:      
Accounts receivable (28,670) (16,776) (8,975)
Property held for lease (198,841) (191,450) (87,809)
Prepaid expenses and other current assets (3,847) (613) 36
Accounts payable 344 768 (150)
Accrued liabilities (1,008) 4,993 3,043
Unearned revenues (517) 1,284 495
Net cash provided by (used in) operating activities 2,166 (2,142) (31,584)
Cash flows from investing activities:      
Purchases of property and equipment (384) (234) (82)
Additions to capitalized software (1,052) (202) 0
Other assets and security deposits 0 34 173
Net cash (used in) provided by investing activities (1,436) (402) 91
Cash flows from financing activities:      
PIPE proceeds 150,000 0 0
Merger financing, net of redemptions 251,109 0 0
Consideration paid to selling shareholders (329,560) 0 0
Transaction cost paid (32,688) 0 0
Proceeds from convertible notes 0 0 2,500
Proceeds from revolving line of credit 7,036 39,913 22,845
Principal repayments of long term debt 0 (7,500) 0
Proceeds from non-revolving line of credit, related parties 0 0 8,937
Principal repayments on non-revolving line of credit, related parties 0 (16,000) (2,846)
Proceeds from term loan 0 49,102 0
Payment of revolving line of credit debt issuance costs 0 (750) 0
Payment of term loan debt issuance costs 0 (182) 0
Proceeds from exercise of stock options 678 113 2
Principal repayments of revolving line of credit (20,471) (4,801) 0
Proceeds from redeemable convertible preferred stock issuance 0 0 9,339
Net cash provided by financing activities 26,104 59,895 40,777
Net increase in cash and restricted cash 26,834 57,351 9,284
Cash and restricted cash at beginning of period 69,597 12,246 2,962
Cash and restricted cash at end of period 96,431 69,597 12,246
Supplemental disclosure of cash flow information:      
Cash paid for interest 11,628 12,607 7,110
Cash paid for taxes 416 625 105
Supplemental disclosure of non-cash investing and financing activities:      
Exchange of redeemable convertible preferred shares 49,894 0 0
Assumed warrant liability in connection with Merger 44,272 0 0
Exercise of common stock warrant accounted for as a liability 13,102 0 0
Issuance of warrant to purchase redeemable convertible preferred stock 0 12,846 0
Transaction costs included in other assets 846 0 0
Conversion of preferred stock to common stock 0 0 67
Principal repayments on non-revolving line of credit, related parties 0 0 16,757
Convertible note conversion 0 0 6,062
Fee payable exchanged for preferred shares $ 0 $ 0 $ 167