XML 13 R6.htm IDEA: XBRL DOCUMENT v3.24.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:              
Net income (loss) $ 21,445 $ (597) $ (97,344) $ 2,184 $ 20,848 $ (95,160)  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:              
Depreciation and amortization of software, equipment, and property         19,160 17,966  
Amortization of intangible assets         44,541 49,419  
Impairment of goodwill and intangible assets         0 82,742  
Deferred income taxes         (24,738) (23,791)  
Stock-based compensation         85,096 64,720  
Amortization of deferred financing fees         927 851  
Amortization of discount on debt         125 111  
Change in fair value of derivative instruments 852   (3,613)   134 (1,009)  
Change in fair value of warrant liabilities (15,963)   20,375   (14,378) 19,180  
Non-cash lease expense         0 1,232  
Loss on disposal of software, equipment and property         302 0  
Other         68 115  
Changes in:              
Accounts receivable—Net         (18,553) 2,322  
Deferred contract costs         (1,527) (315)  
Other current assets         5,860 7,116  
Deferred contract costs—Non-current         636 681  
Other assets         391 (5,267)  
Operating lease assets         1,152 (5)  
Income taxes         (5,769) 772  
Accounts payable         4,633 (8,534)  
Accrued expenses         (12,739) (14,975)  
Operating lease liabilities         (2,236) (249)  
Deferred revenues         2,437 4,825  
Other liabilities         639 (115)  
Net cash provided by operating activities         107,009 102,632  
CASH FLOWS FROM INVESTING ACTIVITIES:              
Purchases of software, equipment, and property         (31,224) (29,084)  
Net cash used in investing activities         (31,224) (29,084)  
CASH FLOWS FROM FINANCING ACTIVITIES:              
Proceeds from exercise of stock options         21,561 20,827  
Proceeds from employee stock purchase plan         1,833 1,326  
Payments for employee taxes withheld upon vesting of equity awards         (52,722) (11,539)  
Principal payments on long-term debt         (4,000) (4,000)  
Net cash used in financing activities         (33,328) 6,614  
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS         (136) (373)  
NET CHANGE IN CASH AND CASH EQUIVALENTS         42,321 79,789  
Beginning of period   $ 195,572   $ 323,788 195,572 323,788 $ 323,788
End of period $ 237,893   $ 403,577   237,893 403,577 $ 195,572
NONCASH INVESTING AND FINANCING ACTIVITIES:              
Noncash purchases of software, equipment, and property         7,218 550  
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:              
Cash paid for interest         31,739 26,946  
Cash paid for income taxes-Net         $ 30,567 $ 19,954