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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net (loss) income $ (23,444) $ 13,727
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 89,093 108,977
Net book value of property buyouts 24,783 34,530
Impairment expense 11,928 11,115
Bad debt expense 0 18,849
Change in fair value of warrants liability (5,793) (24,160)
Stock-based compensation 4,753 12,862
Amortization of debt discount 1,130 2,068
Amortization of debt issuance costs 271 268
Accrued PIK Interest 1,508 1,153
Amortization of right-of-use assets 271  
Change in operating assets and liabilities:    
Accounts receivable 0 (19,123)
Property held for lease (105,741) (152,811)
Prepaid expenses and other current assets (382) (3,820)
Accounts payable 872 674
Accrued liabilities 159 (1,238)
Lease liabilities (306)  
Unearned revenues (638) (331)
Net cash (used in) provided by operating activities (1,536) 2,740
Cash flows from investing activities:    
Purchases of property and equipment (164) (267)
Additions to capitalized software (1,203) (684)
Net cash used in investing activities (1,367) (951)
Cash flows from financing activities:    
Principal repayments on revolving line of credit (21,661) (12,895)
Principal advances on revolving line of credit, net of issuance costs 9,935 5,809
Repurchases of restricted stock (293) 0
Proceeds from exercise of stock options 65 629
PIPE proceeds 0 150,000
Merger financing, net of redemptions 0 251,109
Consideration paid to selling shareholders 0 (329,560)
Transaction costs paid 0 (33,534)
Net cash (used in) provided by financing activities (11,954) 31,558
Net (decrease) increase in cash, cash equivalents and restricted cash (14,857) 33,347
Cash, cash equivalents and restricted cash at beginning of period 96,431 69,597
Cash, cash equivalents and restricted cash at end of period 81,574 102,944
Supplemental disclosure of cash flow information:    
Cash paid for interest 7,954 8,801
Cash paid for income taxes 362 0
Right-of-use assets obtained in exchange for operating lease liabilities 1,139 0
Cash paid for operating leases 382 0
Assumed warrant liability in connection with the Merger 0 44,272
Exercise of common stock warrant accounted for as a liability $ 0 $ 13,102