Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net (loss) income $ (3,329) $ (19,709)
Adjustments:    
Depreciation and amortization 22,149 16,682
Amortization of loan costs 76 68
Stock-based compensation expense 10,047 10,008
Change in fair value of warrant liabilities 2,835 3,537
Change in fair value of contingent consideration (950) 0
Asset impairments 935 8,353
Deferred income tax expense (3,272) (4,567)
Other (126) (120)
Changes in operating assets and liabilities    
Receivables (4,003) 2,429
Prepaid expenses and other current assets 1,313 2,480
Income tax receivable (1,851) 262
Accounts payable & accrued liabilities (1,020) 1,912
Other 1,077 (393)
Net cash provided by operating activities 23,881 20,942
Cash flows from investing activities:    
Purchase of property and equipment (2,825) (4,028)
Additions to internal-use software (11,428) (10,403)
Other 65 2,348
Net cash used in investing activities (14,188) (12,083)
Cash flows from financing activities:    
Proceeds from stock option exercises 2,458 689
Payments for tax withholding of stock-based compensation (1,240) 0
Payment for tender offer of warrants 0 (1,792)
Payments for minimum guarantee obligations (1,333) 0
Repurchases of treasury stock (15,452) 0
Net cash used in financing activities (15,567) (1,103)
Foreign currency translation (459) (620)
Net change in cash and cash equivalents (6,333) 7,136
Cash and cash equivalents at beginning of period 134,000 213,502
Cash and cash equivalents at end of period 127,667 220,638
Supplemental cash flow disclosures:    
Interest paid 82 73
Income taxes paid, net of refunds 1,616 72
Non-cash investing and financing activities:    
Capitalization of stock-based compensation 928 1,537
Additions to other investments 0 1,000
Increase in property and equipment included in accounts payable and other long-term liabilities 716 824
Additions to intangible assets related to licensing agreements $ 6,865 $ 0