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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) $ (19,129) $ (774,185) $ (53,848)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization 2,322 48,247 93,078
Amortization of deferred financing costs and interest rate cap 4,472 3,863 2,860
Loss on disposal of long-lived assets 0 169 960
Equity-based compensation expense 6,047 4,287 5,174
Loss on extinguishment of debt 35,828 685 2,414
Interest expense paid-in-kind 25,214 15,678 0
Change in fair value of warrants 1,389 0 0
Impairment charges 0 573,838 0
Changes in operating assets and liabilities, net of impact of acquisitions:      
Accounts receivable (874) (10,250) 225
Inventory (4,311) 4,094 (1,628)
Prepaid expenses and other current assets 7,623 (67,584) 642
Accounts payable 128,160 (28,674) 1,792
Accrued expenses and other current liabilities 14,196 195,404 23,272
Deferred revenue 19,183 24 2,005
Other assets and liabilities (189) 512 (468)
Net cash provided by (used in) operating activities 219,931 (33,892) 76,478
Cash flows from investing activities      
Cash acquired (paid) in acquisition 301 0 (31,118)
Purchases of property and equipment (1,132) (341) (1,258)
Proceeds from the sale of personal seat licenses 0 0 170
Purchases of personal seat licenses (76) 0 0
Investments in developed technology (8,438) (7,264) (7,949)
Net cash used in investing activities (9,345) (7,605) (40,155)
Cash flows from financing activities      
Proceeds from PIPE Financing 475,172 0 0
Proceeds from the Merger Transaction 277,738 0 0
Redemption of Redeemable Senior Preferred Units (236,026) 0 0
Payments of May 2020 First Lien Loan (304,141) 0 0
Prepayment penalty on extinguishment of debt (27,974)    
Proceeds from Revolving Facility   50,000  
Payments of Revolving Facility   (50,000)  
Payments of deferred financing costs and other debt-related costs   (8,479) (400)
Distributions   (120) (8,095)
Payment of reverse recapitalization costs (20,175)    
Dividends paid to Class A Common Stock Shareholders (17,698)    
Net cash (used in) provided by financing activities (6,113) 245,545 (55,462)
Net increase (decrease) in cash and cash equivalents and restricted cash 204,473 204,048 (19,139)
Cash and cash equivalents – beginning of period 285,337 81,289 100,428
Cash, cash equivalents, and restricted cash - end of period 489,810 285,337 81,289
Supplemental disclosure of cash flow information:      
Cash paid for interest 28,595 34,592 38,653
Betcha acquisition non-cash consideration 21,306    
June 2017 First Lien Loan      
Cash flows from financing activities      
Payments of June 2017 First Lien Loan (153,009) (5,856) (6,967)
June 2017 Second Lien Loan      
Cash flows from financing activities      
Payments of June 2017 Second Lien Loan 0 0 $ (40,000)
May 2020 First Lien Loan      
Cash flows from financing activities      
Proceeds from May 2020 First Lien Loan   260,000  
Supplemental disclosure of cash flow information:      
Paid-in-kind interest added to May 2020 First Lien Loan principal $ 28,463 $ 15,678