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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (31,117) $ (51,227)
Adjustments to reconcile net loss to net cash provided from operating activities:    
Depreciation on property and equipment 7,079 5,191
Amortization on intangible assets 1,634 11
Noncash lease expense 1,457 0
Impairment of long-lived assets 313 0
Equity-based compensation 25,436 6,504
Warrant liabilities 0 12,796
Deferred income tax expense (benefit) (21) 0
Amortization of revolver loan costs 397 0
Amortization, net on marketable securities 359 0
Changes in operating assets and liabilities:    
Accounts receivable 2,315 (528)
Prepaid expenses and other assets 8,444 2,313
Prepaid revenue share fee (2,759) (1,443)
Accounts payable 1,533 (1,296)
Accrued and other long term liabilities 25,057 4,719
Deferred revenue 37,423 26,305
Operating lease liabilities (1,695) 0
Deferred rent 0 (261)
Net cash provided by operating activities 75,855 3,084
Cash flows from investing activities:    
Purchases of marketable securities (341,072) (63,973)
Sales of marketable securities 341,072 63,988
Purchases of property and equipment (15,214) (15,210)
Purchase of intangible assets (257) (263)
Net cash used in investing activities (15,471) (15,458)
Cash flows from financing activities:    
Repurchase of members’ deficit 0 (11,744)
Distribution to members (36) (4,018)
Proceeds from issuance of members’ deficit, net of cost 0 80,277
Issuance of warrants 0 289
Proceeds from the exercise of warrants 0 2,575
Payment of issuance costs (297) (2,135)
Payment of revolver loan costs 0 (718)
Net cash (used in) provided by financing activities (333) 64,526
Net increase in cash, cash equivalents, and restricted cash 60,051 52,152
Cash, cash equivalents, and restricted cash, beginning of period 309,126 139,082
Exchange rate effect on cash and cash equivalents, and restricted cash (134) 0
Cash, cash equivalents, and restricted cash, end of period $ 369,043 $ 191,234

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