v3.24.1.u1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows provided by (used in) operating activities:    
Net income (loss) $ 32,088 $ (8,273)
Adjustments to reconcile net loss to net cash provided from operating activities:    
Depreciation of property and equipment 5,168 4,345
Amortization of intangible assets 924 822
Noncash lease expense 1,582 1,748
Impairment of assets 0 3,633
Equity-based compensation 10,665 16,649
Deferred income tax 715 84
Amortization of revolver loan costs 87 110
Premium amortization and (discount accretion), net on marketable securities (2,333) (4,074)
Changes in operating assets and liabilities:    
Accounts receivable (95) 207
Prepaid expenses and other assets (2,261) (2,255)
Prepaid revenue share fee 439 (189)
Accounts payable (4,189) 2,548
Accrued and other long term liabilities 37,418 29,702
Deferred revenue 1,507 14,371
Operating lease liabilities (1,366) 1,329
Net cash provided by operating activities 80,349 60,757
Cash flows provided by (used in) investing activities:    
Purchases of marketable securities (214,818) (258,230)
Sales of marketable securities 245,036 223,049
Purchase of strategic investment (1,000) (6,000)
Purchases of property and equipment (2,776) (9,410)
Purchases of intangible assets (215) (14)
Net cash provided by (used in) investing activities 26,227 (50,605)
Cash flows used in financing activities:    
Repurchase of Class A Common Stock (84,891) (6,471)
Payment of dividend (8,480) 0
Payment of special dividend 0 (34)
Distributions to members (5,077) 0
Tax distribution to members (562) (187)
Payment of taxes on net settled stock-based awards (2,110) (2,408)
Other financing activities (154) 0
Net cash used in financing activities (101,274) (9,100)
Net increase in cash, cash equivalents, and restricted cash 5,302 1,052
Cash, cash equivalents, and restricted cash, beginning of period 62,401 68,884
Exchange rate effect on cash and cash equivalents, and restricted cash 21 35
Cash, cash equivalents, and restricted cash, end of period $ 67,724 $ 69,971

Source

HTML PDF
ZIP