XML 14 R7.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (6,432) $ 24,980
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization of software, equipment, and property 44,376 29,520
Amortization of intangible assets 68,641 62,654
Deferred income taxes (1,208) (32,941)
Stock-based compensation 146,216 127,221
Amortization of deferred financing fees 1,405 1,452
Amortization of discount on debt 117 191
Change in fair value of derivative instruments 8,441 4,775
Change in fair value of warrant liabilities 0 (14,378)
Loss on disposal of software, equipment and property 0 302
Noncash interest expense 1,491 0
Other 0 163
Changes in:    
Accounts receivable—Net (33,743) (27,237)
Deferred contract costs (566) (1,807)
Other current assets (2,770) 1,670
Deferred contract costs—Non-current (1,902) 906
Other assets 139 1,724
Operating lease assets 1,855 1,580
Income taxes (30,733) (203)
Accounts payable 3,813 5,483
Accrued expenses (6,720) (14,896)
Operating lease liabilities (3,277) (2,878)
Deferred revenues 10,073 3,024
Other liabilities (2,901) (1,064)
Net cash provided by operating activities 196,315 170,241
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of software, equipment, and property (46,684) (45,073)
Acquisition of EvolutionIQ, Inc., net of cash acquired (410,412) 0
Net cash used in investing activities (457,096) (45,073)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 3,603 23,997
Proceeds from employee stock purchase plan 5,044 5,745
Payments for employee taxes withheld upon vesting of equity awards (48,262) (57,519)
Repurchase of common stock (212,485) 0
Proceeds from issuance of long-term debt 225,000 0
Payments of fees associated with the debt modification (6,565) (661)
Principal payments on long-term debt (7,508) (6,000)
Net cash used in financing activities (41,173) (34,438)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 112 1
NET CHANGE IN CASH AND CASH EQUIVALENTS (301,842) 90,731
Beginning of period 398,983 195,572
End of period 97,141 286,303
NONCASH INVESTING AND FINANCING ACTIVITIES:    
Stock issued related the acquisition of EvolutionIQ, Inc. 250,441 0
Issuance of promissory note to minority investor of redeemable preferred securities 22,955 0
Noncash purchases of software, equipment, and property 0 7,305
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid for interest 51,893 48,294
Cash paid for income taxes-Net $ 26,199 $ 42,137