Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.23.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net loss $ (2,570) $ (25,212)
Adjustments:    
Depreciation and amortization 11,033 8,394
Amortization of loan costs 38 34
Stock-based compensation expense 4,853 6,868
Change in fair value of warrant liabilities 1,058 2,716
Change in fair value of contingent consideration 53 0
Asset impairments 0 8,353
Deferred income tax expense (2,228) 7,945
Other (179) (203)
Changes in operating assets and liabilities    
Receivables (6,861) (203)
Prepaid expenses and other current assets 201 871
Income tax receivable 2,128 366
Accounts payable & accrued liabilities (3,492) 1,926
Other 469 (270)
Net cash provided by operating activities 4,503 11,585
Cash flows from investing activities:    
Purchase of property and equipment (1,849) (1,936)
Additions to internal-use software (5,937) (5,519)
Other 168 2,348
Net cash used in investing activities (7,618) (5,107)
Cash flows from financing activities:    
Proceeds from stock option exercises 1,916 130
Repurchases of treasury stock (5,406) 0
Net cash (used in) provided by financing activities (3,490) 130
Foreign currency translation 89 (145)
Net change in cash and cash equivalents (6,516) 6,463
Cash and cash equivalents at beginning of period 134,000 213,502
Cash and cash equivalents at end of period 127,484 219,965
Supplemental cash flow disclosures:    
Interest paid 41 35
Income taxes paid, net of refunds 414 244
Non-cash investing and financing activities:    
Capitalization of stock-based compensation 556 1,101
Increase in property and equipment included in accounts payable and other long-term liabilities 0 656
Additions to intangible assets related to licensing agreements $ 4,617 $ 0