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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities    
Net income $ 32,729 $ 54,683
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 13,730 8,866
Amortization of debt issuance costs 1,727 1,596
Non-cash operating lease expense 1,791 2,232
Stock-based compensation 87,202 4,331
Deferred income taxes (364) 2,292
Loss on abandonment of operating lease assets 780 0
Changes in operating assets and liabilities, net of effects of business acquisitions    
Accounts receivable (12,873) (10,653)
Prepaid expenses and other assets (47,241) (3,952)
Accounts payable 4,917 753
Accrued expenses and other current liabilities (1,897) 23,164
Operating lease liabilities (590) (224)
Other liabilities 500 737
Net cash provided by operating activities 80,411 83,825
Cash flows from investing activities    
Purchase of property and equipment (3,058) (1,779)
Acquisitions, net cash acquired (125,728) 0
Capitalized software (13,630) (6,540)
Net cash used in investing activities (142,416) (8,319)
Cash flows from financing activities    
Proceeds from long-term debt 0 28,000
Payments on long-term debt (3,515) (3,515)
Payment for contingent consideration (832) 0
Payments of debt issuance costs 0 (1,306)
Proceeds from exercise of stock options 15,481 1,223
Proceeds from early exercise of stock options 0 667
Employee taxes paid related to net share settlement of equity awards (26,017) 0
Net cash (used in) provided by financing activities (14,883) 25,069
Net change in cash, cash equivalents and restricted cash (76,888) 100,575
Cash, cash equivalents and restricted cash    
Beginning of period 971,591 26,050
End of period 894,703 126,625
Non cash investing and financing activities    
Offering costs included in account payable and accrued expenses and other current liabilities 0 736
Right-of-use assets obtained in exchange for new operating lease liabilities 471 0
Stock-based compensation included in capitalized software development costs 3,418 610
Capitalized software development costs in accounts payable and accrued expenses and other current liabilities 828 269
Purchase of property and equipment included in accounts payable and accrued expenses and other current liabilities 0 2,125
Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheets    
Cash and cash equivalents 894,703 126,625
Restricted cash 0 0
Total cash, cash equivalents and restricted cash $ 894,703 $ 126,625