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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income (loss) $ (6,034) $ 15,959
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 5,844 4,189
Stock-based compensation expense 16,909 13,672
Loss (income) from equity method investments (5,684) (1,376)
(Gain) loss on sale of assets, net 4,996 0
Other noncash items (472) (1,785)
Changes in operating assets and liabilities: (63,335) (91,470)
Net cash provided by (used in) operating activities (47,776) (60,811)
Cash flows from investing activities:    
Purchase of property and equipment (3,139) (3,717)
Purchase of intangible assets (11,438) 0
Funding of loans receivable and other (8,508) (1,301)
Investments in marketable securities 0 (29,969)
Proceeds from maturities of marketable securities and other 74,523 28,540
Net cash paid in business combination 0 (44,367)
Net cash provided by (used in) investing activities 51,438 (50,814)
Cash flows from financing activities:    
Proceeds from equity issuances, net 1,809 9,589
Repayments of long-term debt (1,250) (1,250)
Net cash provided by (used in) financing activities 559 8,339
Net increase (decrease) in cash, cash equivalents and restricted cash and equivalents 4,221 (103,286)
Cash, cash equivalents and restricted cash and equivalents from continuing operations, beginning of period 114,329 475,912
Cash, cash equivalents and restricted cash and equivalents from discontinued operations, beginning of period 0 31,768
Cash, cash equivalents and restricted cash and equivalents, beginning of period 114,329 507,680
Cash, cash equivalents and restricted cash and equivalents from continuing operations, end of period 118,550 397,023
Cash, cash equivalents and restricted cash and equivalents from discontinued operations, end of period 0 7,371
Cash, cash equivalents and restricted cash and equivalents, end of period $ 118,550 $ 404,394