General form of registration statement for all companies including face-amount certificate companies

CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.21.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended 5 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:            
Net income $ 6,258,699   $ (7,620,693)      
Changes in operating assets and liabilities            
Net cash provided by operating activities (797,087)   (935,337)      
Cash flows from investing activities:            
Net cash used in investing activities     (215,252,875)      
Cash flows from financing activities:            
Payments for capitalized offering costs     (525,071)      
Net cash used in financing activities     217,249,929      
Net change in cash and cash equivalents (797,087)   1,061,717      
Cash and cash equivalents at beginning of period 1,061,717   0      
Cash and cash equivalents at end of period 264,630   1,061,717 $ 1,061,717    
OLD PlayStudios, Inc.            
Cash flows from operating activities:            
Net income 5,918,000 $ 5,492,000   12,807,000 [1],[2] $ 13,614,000 [1],[2] $ 2,822,000 [1],[2]
Adjustments:            
Depreciation and amortization 6,034,000 5,388,000   22,192,000 25,154,000 16,246,000
Amortization of loan costs 20,000       59,000 35,000
Stock-based compensation expense 900,000 625,000   3,519,000 5,884,000 10,902,000
Deferred income tax benefit (110,000) (828,000)   (3,704,000) 2,349,000 1,907,000
Loss on disposal of equipment 1,000     2,000 28,000 1,297,000
Loss on foreign currency translation 241,000 188,000   (469,000) (343,000) 503,000
Changes in operating assets and liabilities            
Receivables (10,311,000) (6,271,000)   (2,367,000) (517,000) 893,000
Income tax receivable 1,021,000 821,000   (4,902,000) (938,000) (1,119,000)
Prepaid expenses and other current assets (164,000) 255,000   (8,000) (202,000) (909,000)
Accounts payable & accrued liabilities 1,220,000 (290,000)   21,975,000 (1,591,000) 3,855,000
Other 28,000 85,000   (781,000) (137,000) (564,000)
Net cash provided by operating activities 4,798,000 5,465,000   48,400,000 36,088,000 36,728,000
Cash flows from investing activities:            
Purchase of property and equipment (197,000) (348,000)   (1,847,000) (4,296,000) (3,569,000)
Additions to internal-use software (6,710,000) (5,778,000)   (25,155,000) (20,996,000) (20,844,000)
Additions to notes receivable (5,034,000)          
Net cash used in investing activities (11,941,000) (6,126,000)   (27,002,000) (25,292,000) (24,409,000)
Cash flows from financing activities:            
Proceeds from option exercises 808,000 21,000   992,000 754,000 550,000
Payments for capitalized offering costs (2,968,000)     (2,087,000)    
Net cash used in financing activities (2,160,000) 21,000   (3,635,000) (7,348,000) (4,133,000)
Foreign currency translation (149,000) (24,000)   142,000 (26,000) (343,000)
Net change in cash and cash equivalents (9,452,000) (664,000)   17,905,000 3,422,000 7,843,000
Cash and cash equivalents at beginning of period 48,927,000 31,022,000   31,022,000 27,600,000 19,757,000
Cash and cash equivalents at end of period 39,475,000 30,358,000 $ 48,927,000 48,927,000 31,022,000 27,600,000
Supplemental cash flow disclosures:            
Interest paid 27,000     53,000 233,000 259,000
Income taxes paid, net of refunds 487,000 382,000   7,015,000 2,046,000 2,145,000
Non-cash Investing and Financing Activities:            
Capitalization of stock-based compensation 209,000 $ 162,000   $ 605,000 $ 912,000 $ 1,405,000
Capitalization of deferred transaction costs included in accrued liabilities and accounts payable 263,000          
Addition to note receivable included in accrued liabilities $ 2,500,000          
[1] As further discussed in Note 13, a related party held a noncontrolling interest in the Company’s subsidiary, International. As International incurred losses prior to the Company’s purchase of the noncontrolling interest in 2018 and losses of International were not allocable to the noncontrolling interest, net and comprehensive losses of International were not allocated to the noncontrolling interest.
[2] As further discussed in Note 13, a related party held a noncontrolling interest in the Company’s subsidiary, PlayStudios International Limited (“International”). As International incurred losses prior to the Company’s purchase of the noncontrolling interest in 2018 and losses of International were not allocable to the noncontrolling interest, net and comprehensive losses of International were not allocated to the noncontrolling interest.