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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities:    
Net (loss) income $ (58,004) $ 19,839
Loss from discontinued operations 17,370 7,607
(Loss) income from continuing operations (40,634) 27,446
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Stock-based compensation expense 9,906 4,004
Amortization and adjustments to operating lease assets 12,524 14,639
Depreciation 11,550 8,975
Amortization of intangible assets 18,937 2,518
Amortization of debt discount and issuance costs 17,858 392
Provision for bad debts 6,329 1,723
Deferred income taxes (10,852) 4,346
Loss on disposals, accelerated depreciation, and adjustments to property and equipment 282 1,486
Realized and unrealized gain on investments 0 (518)
Changes in assets and liabilities:    
Accounts receivable (76,289) (13,356)
Prepaid expenses and other current assets (23,571) (1,735)
Accounts payable 26,582 2,089
Accrued payroll and benefits (23,768) (17,341)
Accrued liabilities (25,090) (443)
Deferred revenue 154,999 76,664
Operating lease liabilities (13,722) (12,700)
Other assets and liabilities (4,125) (13,535)
Net cash provided by operating activities-continuing operations 40,916 84,654
Net cash used in operating activities-discontinued operations (52) (4,727)
Net cash provided by operating activities 40,864 79,927
Investing activities:    
Capital expenditures (7,324) (14,443)
Proceeds from sales of marketable securities 0 1,014
Purchases of marketable securities 0 (963)
Payment for purchase of business, net of cash and restricted cash acquired (1,481,789) 0
Net cash used in investing activities (1,489,113) (14,392)
Financing activities:    
Proceeds from exercise of stock options 7,685 55
Employee taxes paid on withholding shares (2,228) (3,921)
Proceeds from stock issued under Colleague Stock Purchase Plan 114 31
Proceeds from long-term debt 850,000 0
Repayments of long-term debt (291,000) (750)
Payment of debt discount and issuance costs (49,553) 0
Net cash provided by (used in) financing activities 515,018 (4,585)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (70) 62
Net (decrease) increase in cash, cash equivalents and restricted cash (933,301) 61,012
Cash, cash equivalents and restricted cash at beginning of period 1,313,616 501,105
Cash, cash equivalents and restricted cash at end of period $ 380,315 $ 562,117