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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities:    
Net loss $ (122,690) $ (41,100)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation 11,650 10,342
Amortization of intangible assets 14,230 13,738
Amortization of operating lease right-of-use assets 4,416 4,220
Amortization of deferred financing costs 852 1,484
Stock-based compensation expense 17,192 25,820
Change in estimated fair value of contingent consideration 140 (1,195)
Goodwill impairment 42,884 0
Acquisition related tax adjustment 4,082 2,441
Change in fair value of derivative instruments 0 (2,730)
Other 957 418
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 10,661 19,771
Inventory 3,557 1,522
Prepaid expenses and other current assets (621) 531
Accounts payable 1,074 889
Accrued expenses and other current liabilities 7,374 (21,119)
Deferred revenue (735) (1,214)
Other long-term liabilities (14,678) (4,851)
Net cash (used in) provided by operating activities (19,655) 8,967
Investing activities:    
Cash paid for acquisitions of a business, net of cash acquired (18,990) 0
Purchases of property and equipment (8,109) (15,218)
Proceeds from government assistance allocated to property and equipment 734 4,792
Net cash used in investing activities (26,365) (10,426)
Financing activities:    
Distributions for tax liabilities to non-controlling interest holder 0 (572)
Principal repayments of long-term debt (2,720) (2,720)
Payments of finance lease liabilities (370) (293)
Proceeds from interest rate cap agreement 1,375 4,714
Taxes paid for shares withheld under employee equity plans, net of proceeds from issuance of Class A common stock (4,719) (1,461)
Net cash used in financing activities (6,434) (332)
Effects of exchange rate changes on cash and cash equivalents (38) 0
Net decrease in cash and cash equivalents (52,492) (1,791)
Cash and cash equivalents, beginning of period 322,399 574,962
Cash and cash equivalents, end of period 269,907 573,171
Supplemental cash flow information:    
Cash paid for interest 12,637 24,007
Cash (refunded) paid for income taxes, net (535) 377
Supplemental disclosures of non-cash activities:    
Property and equipment included in accounts payable and accrued expenses 1,722 4,169
Purchase of technology included in accrued expenses 0 1,500
Accrued receivable for capital expenditures to be reimbursed under a government contract 0 608
Right-of-use assets obtained in exchange for operating lease liabilities 463 0
Fair value of contingent consideration liability recorded in connection with acquisition of a business 4,800 0
Accrued consideration payable recorded in connection with acquisitions of a business $ 2,331 $ 0