v3.21.2
Condensed Consolidated Statements Of Changes In Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows provided by (used in) operating activities:    
Net income (loss) $ (51,227) $ (28,907)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 5,202 4,623
Equity-based compensation 6,504 2,261
Warrant liabilities 12,796 0
Changes in operating assets and liabilities:    
Accounts receivable (528) 2
Prepaid expenses and other current assets 2,313 3,191
Prepaid revenue share fee (1,443) 1,844
Accounts payable (1,296) (3,124)
Accrued liabilities 4,719 (7,938)
Deferred revenue 26,305 (17,731)
Deferred rent (261) 501
Net cash used provided by (used in) operating activities 3,084 (45,278)
Cash flows used in investing activities:    
Purchases of marketable debt securities (63,973) (52,471)
Sales of marketable debt securities 63,988 48,162
Issuance of loan 0 (250)
Purchases of property and equipment (15,210) (6,438)
Capitalized intangible assets (263) (267)
Net cash used in investing activities (15,458) (11,264)
Cash flows provided by (used in) financing activities:    
Repurchase of members’ equity (11,744) (210,288)
Proceeds from issuance of members’ equity, net of cost 80,277 113,944
Distribution to members (4,018) 0
Issuance of warrants 289 0
Proceeds from the exercise of warrants 2,575 0
Payment of deferred issuance costs (2,135) 0
Payment of revolver loan costs (718) (652)
Net cash provided by (used in) financing activities 64,526 (96,996)
Net increase (decrease) in cash, cash equivalents, and restricted cash 52,152 (153,538)
Cash, cash equivalents, and restricted cash, beginning of period 139,082 236,051
Cash, cash equivalents, and restricted cash, end of period $ 191,234 $ 82,513

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