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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 391,364 $ 75,361
Restricted cash 16,500 16,500
Customer funds 551 81
Accounts receivable, net 18,142 10,408
Investment in shares of affiliate stock, current 0 1,823
Deposits with clearinghouse, current (affiliate in Predecessor period) [1] 0 20,200
Prepaid insurance 32,206 734
Other current assets 4,784 6,956
Total current assets 463,547 132,063
Property, equipment and software, net 6,121 19,957
Goodwill 1,527,118 233,429
Net Carrying Amount 388,469 62,199
Deposits with clearinghouse, noncurrent (affiliate in Predecessor period) [1] 15,151 15,150
Other assets 13,879 5,578
Total assets 2,414,285 468,376
Current liabilities:    
Accounts payable and accrued liabilities 64,090 42,915
Customer funds payable 551 81
Deferred revenue, current 4,629 4,282
Due to related party (affiliate in Predecessor period) [1] 617 1,856
Other current liabilities 3,717 1,943
Total current liabilities 73,604 51,077
Deferred revenue, noncurrent 4,819 4,103
Warrant liability 17,424 0
Deferred tax liabilities, net 11,593 95
Other noncurrent liabilities 12,674 3,319
Total liabilities 120,114 58,594
Commitments and Contingencies (Note 14)
Mezzanine equity:    
Incentive units (156,000,000 authorized, 103,318,325 unvested units and 85,875,000 unvested units issued and outstanding as of December 31, 2020)   21,452
Stockholders’ equity:    
Class B warrant (Note 10)   5,426
Additional paid-in capital 566,766  
Accumulated other comprehensive income (loss) (55) 191
Accumulated deficit (98,342) (112,504)
Members' Equity   388,330
Total stockholders’ equity and members’ equity. 468,396  
Noncontrolling interest 1,825,775  
Total equity 2,294,171  
Total liabilities, stockholders’ equity and members’ equity 2,414,285 468,376
Class A Voting Units    
Stockholders’ equity:    
Voting units, value   2,613
Class B Voting Units    
Stockholders’ equity:    
Voting units, value   182,500
Class C Voting Units    
Stockholders’ equity:    
Voting units, value   $ 310,104
Class A Common Stock    
Stockholders’ equity:    
Common stock, value 6  
Class V Common Stock    
Stockholders’ equity:    
Common stock, value $ 21  
[1] As a result of the Business Combination (Note 4), ICE and its affiliates are no longer our affiliates. Refer to Note 8 for our related party disclosures.