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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows provided by operating activities:      
Net loss $ (22,255) $ (61,257) $ (51,157)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization 2,193 1,751 1,152
Amortization of intangible assets 54,711 58,196 58,429
Amortization of deferred contract costs 8,816 4,793 1,671
Equity-based compensation 36,434 9,957 1,747
Noncash paid in-kind interest expense 0 0 7,371
Amortization of debt issuance costs 702 1,698 2,061
Provision for doubtful accounts receivable 1,325 632 895
Loss in extinguishment of debt 0 9,843 0
Non-cash restructuring charges related to office leases 1,023 0 0
Tax receivable agreement remeasurement (9,374) 0 0
Changes in fair value of contingent consideration 1,250 3,764 2,636
Deferred income taxes (17,293) 682 0
Changes in operating assets and liabilities:      
Accounts receivable (13,222) (10,726) (8,294)
Prepaid expenses and other current assets (127) (3,729) (709)
Deferred contract costs (15,252) (14,441) (7,685)
Contingent consideration (6,400) 0 0
Accounts payable, accrued expenses and other liabilities 358 1,088 2,996
Deferred revenue 12,690 22,961 12,104
Net cash provided by operating activities 35,579 25,212 23,217
Cash flows (used in) provided by investing activities:      
Purchases of property, equipment and other assets (8,326) (6,731) (1,395)
Purchases of short-term investments (337,961) 0 0
Maturities of short-term investments 153,680 0 0
Cash paid for acquisitions and investments, net of cash acquired (56,296) (40,000) (22,467)
Net cash used in investing activities (248,903) (46,731) (23,862)
Cash flows (used in) provided by financing activities:      
Proceeds from Term Loan 0 275,000 0
Proceeds from delayed draw term loan 0 0 18,000
Proceeds from revolving credit facility 0 0 25,000
Repayments of term loans and delayed draw term loan (6,875) (474,460) (4,545)
Taxes paid related to net share settlement of equity awards (4,116) 0 0
Repayments on revolving credit facility 0 0 (25,000)
Payment of contingent consideration (1,100) (1,500) 0
Payment of debt issuance costs 0 (3,511) (225)
Proceeds from equity offering, net of underwriting discounts 0 834,952 0
Repurchase of outstanding equity / Definitive OpCo units 0 (231,772) 0
Payments of equity offering issuance costs (1,734) (11,709) 0
Members contributions 0 5,500 6,365
Members distributions (12,871) (8,128) (2,940)
Net cash (used in) provided by financing activities (26,696) 384,372 16,655
Net (decrease) increase in cash and cash equivalents (240,020) 362,853 16,010
Effect of exchange rate changes on cash and cash equivalents (544) (129) 146
Cash and cash equivalents, beginning of year 387,498 24,774 8,618
Cash and cash equivalents, end of year 146,934 387,498 24,774
Supplemental cash flow disclosures:      
Interest 10,443 29,569 25,958
Income taxes 0 13 0
Acquisitions      
Net assets acquired, net of cash acquired 97,296 0 43,571
Initial cash investment in prior year (40,000) 0 0
Capital contribution 0 0 (25,439)
Contingent consideration (1,000) 0 (2,600)
Consideration paid to former members included in accrued expenses 0 0 6,935
Net cash paid for acquisitions 56,296 0 22,467
Supplemental disclosures of non-cash investing activities:      
Capital expenditures included in accounts payable and accrued expenses and other current liabilities 1,166 654 3,389
Supplemental disclosures of non-cash financing activities:      
Unpaid equity offering costs included in accrued expenses $ 0 $ 1,299 $ 0