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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net loss $ (25,081) $ (54,936)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization expense 10,789 21,632
Amortization of content assets 8,652 11,020
Provision for inventory and inventory purchase commitments 1,012 5,072
Realized (gains) losses on hedging derivative financial instruments 64 (26)
Change in fair value of warrant liabilities 77 (432)
Equity-based compensation 9,104 12,716
Deferred income taxes 1 (121)
Amortization of debt issuance costs 1,153 980
Paid-in-kind interest expense 405 746
Loss on partial debt extinguishment 1,928  
Change in lease assets (272)  
Gain on sale of property and equipment (784)  
Changes in operating assets and liabilities:    
Inventory 131 6,037
Content assets (4,195) (5,325)
Prepaid expenses 3,177 4,506
Other assets 9,217 (8,912)
Accounts payable 2,371 (4,179)
Accrued expenses (5,603) (14,356)
Deferred revenue (768) 12,221
Other liabilities (3,169) (1,010)
Net cash provided by (used in) operating activities 8,209 (14,367)
Cash flows from investing activities:    
Purchase of property and equipment (2,945) (5,030)
Proceeds from sale of property and equipment 5,600  
Net cash provided by (used in) investing activities 2,655 (5,030)
Cash flows from financing activities:    
Debt repayments (11,446) (625)
Proceeds from issuance of common shares in the Employee Stock Purchase Plan 165 384
Tax withholding payments for vesting of restricted stock (223) (2,159)
Net cash used in financing activities (11,504) (2,400)
Effect of exchange rates on cash, cash equivalents, and restricted cash (442) 392
Net decrease in cash, cash equivalents, and restricted cash (1,082) (21,405)
Cash, cash equivalents and restricted cash, beginning of period 33,409 80,091
Cash, cash equivalents, and restricted cash, end of period 32,327 58,686
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 1,938 2,958
Cash paid (received) during the period for income taxes, net 185 (46)
Supplemental disclosure of noncash investing activities:    
Property and equipment acquired but not yet paid for 413 $ 128
Supplemental disclosure of noncash financing activities:    
Change in fair value of term loan warrants due to amended exercise price 141  
Paid-in-kind fee recorded as incremental debt issuance cost $ 566