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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net income (loss) $ 3,138 $ (20,251)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 1,385 295
Amortization of deferred financing costs and interest rate cap 329 1,311
Equity-based compensation expense 3,597 1,091
Loss on extinguishment of debt 4,285 0
Change in fair value of warrants 2,279 0
Interest expense paid-in-kind 0 10,640
Amortization of leases 490 0
Change in assets and liabilities:    
Accounts receivable (17,854) (1,843)
Inventory (6,126) (1,420)
Prepaid expenses and other current assets (3,252) (1,398)
Accounts payable 45,094 37,857
Accrued expenses and other current liabilities (10,599) 1,164
Deferred revenue 3,094 3,006
Other assets and liabilities (2,326) 309
Net cash provided by operating activities 23,534 30,761
Cash flows from investing activities    
Purchases of property and equipment (693) 0
Investments in developed technology (2,748) (1,726)
Net cash used in investing activities (3,441) (1,726)
Cash flows from financing activities    
Payments of deferred financing costs and other debt-related costs (4,856) 0
Net cash used in financing activities (195,568) (1,603)
Net increase (decrease) in cash, cash equivalents, and restricted cash (175,475) 27,432
Cash, cash equivalents, and restricted cash - beginning of period 489,810 285,337
Cash, cash equivalents, and restricted cash - end of period 314,335 312,769
Supplemental disclosure of cash flow information:    
Cash paid for interest 3,612 6,985
Right-of-use assets obtained in exchange for lease obligations 3,406 0
June 2017 First Lien Loan    
Cash flows from financing activities    
Payments of June 2017 First Lien Loan (465,712) (1,603)
February 2022 First Lien Loan    
Cash flows from financing activities    
Proceeds from February 2022 First Lien Loan 275,000 0
May 2020 First Lien Loan    
Supplemental disclosure of cash flow information:    
Paid-in-kind interest added to May 2020 First Lien Loan principal $ 0 $ 10,640