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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
OPERATING ACTIVITIES:    
Net income (loss) $ 2,403 $ (61,354)
Adjustments to reconcile net income (loss) to net cash from operating activities:    
Change in fair value of warrant liabilities (41,899) 42,540
Loss on equity method investment 1,676 0
Revaluation gain on previously held equity method investment (34,735) 0
Impairment of operating lease right-of-use assets 4,698 0
Depreciation and amortization expense 33,887 22,144
Provision for deferred taxes 2,973 3,038
Loss on disposals of equipment, software and other assets 4,316 2,425
Stock-based compensation expense 12,129 0
Non-cash lease expense 10,875 0
Other 533 155
Changes in assets and liabilities:    
Accounts receivable (24,059) (13,449)
Premiums receivable (25,403) (22,669)
Commission receivable (2,574) (3,005)
Prepaid expenses and other assets (12,021) (18,523)
Deferred acquisition costs (25,807) (22,963)
Accounts payable 10,834 (2,890)
Losses payable 21,034 12,502
Provision for unpaid losses and loss adjustment expenses 36,872 19,882
Unearned premiums 60,263 50,491
Commissions payable 16,472 16,805
Due to insurers 10,427 8,883
Advanced premiums 3,259 124
Contract liabilities (2,285) 2,049
Operating lease liabilities (9,779) 0
Accrued expenses and other current liabilities 1,239 6,096
Net Cash Provided by Operating Activities 55,328 42,281
INVESTING ACTIVITIES:    
Purchases of property, equipment and software (44,375) (43,370)
Acquisitions, net of cash acquired (15,404) (14,609)
Purchase of previously held equity method investment (15,250) 0
Issuance of note receivable to previously held equity investment (7,000) 0
Issuance of notes receivable (6,123) 0
Proceeds from notes receivable 370 0
Purchase of fixed income securities (4,234) (12,246)
Maturities of fixed income securities 1,216 1,183
Other investing activities (721) 48
Net Cash Used in Investing Activities (91,521) (68,994)
FINANCING ACTIVITIES:    
Payments on long-term debt (122,500) (42,500)
Payments on long-term debt 94,367 109,000
Contribution from non-controlling interest 1,700 1,580
Distributions 0 (4,056)
Deferred financing costs 0 (962)
Cash received in Business Combination 0 789,661
Cash consideration to HHC at Closing of Business Combination 0 (489,661)
Payment of capitalized transaction costs (1,651) (30,991)
Net Cash Provided by (Used in) Financing Activities (28,084) 332,071
Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents (504) (464)
Change in cash and cash equivalents and restricted cash and cash equivalents (64,781) 304,894
Beginning cash and cash equivalents and restricted cash and cash equivalents 603,972 299,078
Ending cash and cash equivalents and restricted cash and cash equivalents 539,191 603,972
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Purchase of property, equipment and software 1,592 4,668
Warrant liabilities recognized in Business Combination 0 46,826
CASH PAID FOR:    
Interest 4,868 2,502
Income taxes 5,253 2,160
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]    
Cash and cash equivalents 95,172 275,332
Restricted cash and cash equivalents 444,019 328,640
Total cash and cash equivalents and restricted cash and cash equivalents on the Consolidated Statements of Cash Flows 539,191 603,972
Broad Arrow Group Acquisition    
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Acquisitions 73,253 0
Other Acquisitions    
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Acquisitions $ 8,273 $ 3,774