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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net loss $ (96,676) $ (84,014)
Adjustments to reconcile net loss to net cash provided from operating activities:    
Depreciation on property and equipment 10,792 9,179
Amortization on intangible assets 2,450 11
Noncash lease expense 2,245 0
Impairment of assets 1,217 0
Equity-based compensation 98,488 20,642
Warrant liabilities 0 12,796
Deferred income tax expense (benefit) (593) 0
Amortization of revolver loan costs 598 558
Premium amortization and (discount accretion), net on marketable securities (104) 0
Changes in operating assets and liabilities:    
Accounts receivable 3,229 (3,009)
Prepaid expenses and other assets 3,138 (3,818)
Prepaid revenue share fee (5,738) (3,445)
Accounts payable (771) 2,796
Accrued and other long term liabilities 6,434 28,615
Deferred revenue 67,166 58,047
Operating lease liabilities (2,845) 0
Deferred rent 0 (381)
Net cash provided by operating activities 89,030 37,977
Cash flows from investing activities:    
Purchases of marketable securities (581,263) (689,789)
Sales of marketable securities 572,784 392,066
Purchases of property and equipment (23,073) (22,042)
Purchase of intangible assets (336) (713)
Net cash used in investing activities (31,888) (320,478)
Cash flows from financing activities:    
Repurchase of Class A Common Stock/members’ deficit (4,902) (11,744)
Distribution to members (171) (4,128)
Proceeds from issuance of members’ deficit, net of cost 0 80,277
Issuance of warrants 0 289
Payment of taxes on net settled stock-based awards (2,381) 0
Proceeds from the exercise of warrants 0 2,575
IPO Proceeds, net of underwriter fees and payment of issuance costs (297) 437,494
Payment of revolver loan costs 0 (718)
Net cash (used in) provided by financing activities (7,751) 504,045
Net increase in cash, cash equivalents, and restricted cash 49,391 221,544
Cash, cash equivalents, and restricted cash, beginning of period 309,126 139,082
Exchange rate effect on cash and cash equivalents, and restricted cash (107) 0
Cash, cash equivalents, and restricted cash, end of period $ 358,410 $ 360,626

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