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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income (loss) $ (72.7) $ (72.5)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 37.0 36.7
Amortization of debt discounts and issuance costs 3.2 3.6
Amortization of deferred commissions costs 17.5 4.5
Loss on early extinguishment of debt 14.9 9.4
Deferred consideration valuation adjustments 1.2 1.0
Equity-based compensation expense 104.2 17.1
Deferred income taxes 4.5 (6.1)
Tax receivable agreement remeasurement (3.9) 0.0
Provision for bad debt expense 1.1 0.4
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (4.6) (7.4)
Prepaid expenses and other current assets (2.7) (1.3)
Deferred costs and other assets (22.3) (13.2)
Income tax receivable (0.2) (1.9)
Accounts payable 1.8 4.7
Accrued expenses and other liabilities 6.9 6.2
Unearned revenue 16.8 46.2
Net cash provided by (used in) operating activities 102.7 27.4
Cash flows from investing activities:    
Purchases of property and equipment and other assets (11.8) (9.3)
Cash paid for acquisitions, net of cash acquired 0.0 (714.9)
Net cash provided by (used in) investing activities (11.8) (724.2)
Cash flows from financing activities:    
Payments of deferred consideration (24.7) (0.3)
Proceeds from debt 35.0 1,220.8
Repayment of debt (510.9) (647.6)
Payments of debt issuance costs (1.0) (16.7)
Repurchase outstanding equity / member units (332.4) (11.9)
Proceeds from equity offering, net of underwriting discounts 1,023.7 200.2
Payments of IPO issuance costs (7.2) 0.0
Tax distributions (9.9) (16.5)
Net cash provided by (used in) financing activities 172.6 728.0
Net increase (decrease) in cash, cash equivalents, and restricted cash 263.5 31.2
Cash, cash equivalents, and restricted cash at beginning of period 42.5 9.0
Cash, cash equivalents, and restricted cash at end of period 306.0 40.2
Supplemental disclosures of cash flow information    
Interest paid in cash 56.8 70.7
Cash paid for taxes 0.8 0.0
Supplemental disclosures of non-cash investing and financing activities:    
Deferred variable consideration from acquisition of a business $ 0.0 $ 33.2