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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 10,767 $ 23,806 $ 11,941
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation 3,528 714 417
Non-cash incentive compensation 1,396    
Depreciation expense 272 105 30
Amortization of intangibles 30,431 15,466 10,552
Amortization of debt issuance costs and debt discount 4,748 2,040 2,683
Income from unconsolidated subsidiaries (1,087)    
Benefit for deferred tax (8,140) (30,274) (10,909)
Loss on extinguishment of debt 10,499    
Remeasurement of Contingent Consideration 3,472    
Change in operating assets and liabilities:      
Accounts receivable 407 1,942 (319)
Due from related parties (9,782) (427) (578)
Prepaid expenses and other assets (1,390) (74) (866)
Right-of-use assets 1,651 1,186 829
Accounts payable (702) 619 23
Accrued expenses 661 2,685 2,291
Due to related parties 58 141  
Other liabilities 1,554 (34)  
Deferred revenues 2,606 (5,960) 1,586
Lease liabilities (1,930) (1,266) (867)
Net cash provided by operating activities 49,019 10,669 16,813
CASH FLOWS FROM INVESTING ACTIVITIES      
Acquisitions, net of cash acquired (44,612) (213,909)  
Purchase of intangible assets (30)    
Notes receivable (2,552)    
Investments in unconsolidated subsidiaries (2,638)    
Proceeds from investments in unconsolidated subsidiaries 4,080    
Post-closing payments related to acquisitions (1,519) (250) (625)
Purchases of property and equipment (129) (34) (30)
Net cash used in investing activities (47,400) (214,193) (655)
CASH FLOWS FROM FINANCING ACTIVITIES      
Issuance of redeemable noncontrolling interests   46,353  
Repayment of notes payable to sellers (9,406)    
Repayment of loans payable (31,658)    
Borrowings on debt obligations 252,873 159,350 19,750
Repayments on debt obligations (295,376) (4,798) (25,393)
Cash paid for extinguishment of debt 4,813    
Payments to repurchase shares under employee stock plan (1,112)    
Payment of preferred stock dividends (2,313)    
Proceeds from initial public offering 138,000    
Payment of initial public offering underwriting fees (8,626)    
Payments of contingent consideration (727)    
Deferred offering costs (3,361)    
Debt issuance costs (4,401) (4,064)  
Net cash provided by financing activities 29,080 196,841 (5,643)
Net change in cash, cash equivalents and restricted cash 30,699 (6,683) 10,515
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 12,783 19,466 8,951
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 43,482 12,783 19,466
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Cash paid for interest 18,719 9,699 5,756
Cash paid for extinguishment of debt (4,813)    
Cash paid for income taxes 5,039 1,169  
NON-CASH OPERATING, INVESTING AND FINANCING ACTIVITIES      
Issuance of redeemable noncontrolling interests in acquisition   141,354  
Issuance of redeemable noncontrolling interests in exchange for tax amortization benefits   10,012  
Increase to purchase price of Enhanced for working capital adjustment   1,707  
Additions to right-of-use assets 9,949    
Additions to lease liabilities 9,949    
Additions to contingent consideration 22,963    
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH      
Cash and cash equivalents 40,916 11,773 18,710
Restricted Cash 2,566 1,010 756
Total cash, cash equivalents and restricted cash $ 43,482 $ 12,783 $ 19,466