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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income (loss) $ 12,112 $ (6,034)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 6,876 5,844
Stock-based compensation expense 16,720 16,909
Loss (income) from equity method investments (12,672) (5,684)
Adjustments on sale of assets, net (14,000) 4,996
Other noncash items (2,229) (472)
Changes in operating assets and liabilities: (38,794) (63,335)
Net cash provided by (used in) operating activities (31,987) (47,776)
Cash flows from investing activities:    
Purchase of property and equipment (3,849) (3,139)
Purchase of intangible assets (7,034) (11,438)
Investment in loans receivable and other 0 (8,508)
Investments in marketable securities (47,517) 0
Proceeds from maturities of marketable securities and other 35,311 74,523
Net cash provided by (used in) investing activities (23,089) 51,438
Cash flows from financing activities:    
Proceeds from equity issuances, net (161) 1,809
Repayments of long-term debt 0 (1,250)
Net cash provided by (used in) financing activities (161) 559
Net increase (decrease) in cash, cash equivalents and restricted cash and equivalents (55,237) 4,221
Cash, cash equivalents and restricted cash and equivalents, beginning of period 193,860 114,329
Cash, cash equivalents and restricted cash and equivalents, end of period $ 138,623 $ 118,550