Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income (loss) $ (1,117) $ 18,451
Adjustments:    
Depreciation and amortization 12,932 10,828
Amortization of loan costs 196 0
Stock-based compensation expense 2,929 1,355
Change in fair value of warrant liabilities (110) 0
Deferred income tax expense (2,290) (68)
Other 131 32
Receivables (9,270) (10,856)
Prepaid expenses and other current assets 5,189 146
Income tax receivable (3,495) 0
Accounts payable & accrued liabilities 9,836 5,611
Other 206 (743)
Net cash provided by operating activities 15,137 24,756
Cash flows from investing activities:    
Purchase of property and equipment (491) (789)
Additions to internal-use software (13,153) (11,732)
Additions to notes receivable (7,533) 0
Net cash used in investing activities (21,177) (12,521)
Cash flows from financing activities:    
Proceeds from stock option exercises 1,899 144
Net proceeds from Business Combination 185,722 0
Other (406) (25)
Net cash provided by financing activities 187,215 119
Foreign currency translation (201) 44
Net change in cash and cash equivalents 180,974 12,398
Cash and cash equivalents at beginning of period 48,927 31,022
Cash and cash equivalents at end of period 229,901 43,420
Supplemental cash flow disclosures:    
Interest paid 53 0
Income taxes paid, net of refunds 465 904
Non-cash investing and financing activities:    
Capitalization of stock-based compensation 320 302
Reduction of notes receivable in exchange for internal-use software 1,495 0
Settlement of MGM Profit Share liability through the issuance of shares of Class A common stock $ 20,000 $ 0