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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 (loss) $ 71,396 $ 5,781 $ (1,876)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Stock based compensation 6,480 7,271 12,759
Depreciation and amortization 7,007 5,879 4,079
Increase in deferred income taxes (1,638) (2,818) (1,667)
Other 689
Revaluation of derivative warrants (11,967)
Revaluation of Restricted Sponsor Shares and Price Adjustment Shares liabilities (55,906)
Increase (decrease) in liability for employees’ severance benefits 10 (63) 131
Increase in trade receivables (1,958) (19,731) (12,220)
Increase in deferred revenues 21,804 47,738 15,841
Decrease (increase) in prepaid expenses and other current assets (8,304) 335 (3,141)
Increase in other non-current assets (1,394) (339) (27)
Decrease (increase) in inventories (1,798) (693) 794
Increase (decrease) in trade payables 4,239 (1,433) 974
Increase (decrease) in other accounts payables and accrued expenses 5,107 22,449 (158)
Increase in other long-term liabilities 2,974 1,445 644
Net cash provided by operating activities 36,052 66,510 16,133
Cash flows from investing activities:      
Purchases of property and equipment (5,111) (6,181) (6,209)
Payment related to business combination, net of cash acquired (20,000) (15,046)
Purchase of intangible asset (3,000)
Short term deposits, net 73,337 14,778 (40,513)
Net cash provided by (used in) investing activities 45,226 (6,449) (46,722)
Cash flows from financing activities:      
Repurchase of common stock (85) (808)
Proceeds from exercise of shares 2,305 1,492 141
Proceeds from issuance of Redeemable convertible preferred shares, net of issuance costs 101,205
Payment of dividend (100,000) (10,000) (25,000)
Proceeds from Recapitalization transaction, net 29,298
Net cash provided by (used in) financing activities (68,397) (8,593) 75,538
Net increase in cash, cash equivalents and restricted cash 12,881 51,468 44,949
Net effect of currency translation on cash, cash equivalents and restricted cash (754) 695 (67)
Cash, cash equivalents and restricted cash at beginning of year 133,846 81,683 36,801
Cash and cash equivalents and restricted cash at end of year 145,973 133,846 81,683
Supplemental disclosure of cash flow information:      
Income taxes paid, net of refund 8,157 2,911 3,000
Supplemental disclosure of Non-cash investment activities:      
Purchase of property and equipment $ 814 $ 172 $ 263