v3.23.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net loss $ (8,273) $ (18,794)
Adjustments to reconcile net loss to net cash provided from operating activities:    
Depreciation of property and equipment 4,345 3,489
Amortization of intangible assets 822 895
Noncash lease expense 1,748 721
Impairment of assets 3,633 313
Equity-based compensation 16,649 13,129
Deferred income tax 84 206
Amortization of revolver loan costs 110 198
Premium amortization and (discount accretion), net on marketable securities (4,074) 287
Changes in operating assets and liabilities:    
Accounts receivable 207 (2,194)
Prepaid expenses and other assets (2,255) 6,472
Prepaid revenue share fee (189) (1,300)
Accounts payable 2,548 (2,137)
Accrued and other long term liabilities 29,702 7,261
Deferred revenue 14,371 17,232
Operating lease liabilities 1,329 (846)
Net cash provided by operating activities 60,757 24,932
Cash flows from investing activities:    
Purchases of marketable securities (258,230) (149,066)
Sales of marketable securities 223,049 149,066
Purchase of strategic investment (6,000) 0
Purchases of property and equipment (9,410) (5,533)
Purchase of intangible assets (14) (100)
Net cash used in investing activities (50,605) (5,633)
Cash flows from financing activities:    
Repurchase of Class A Common Stock (6,471) 0
Payment of special dividend (34) 0
Tax distribution to members (187) 0
Payment of taxes on net settled stock-based awards (2,408) 0
Net cash used in financing activities (9,100) 0
Net increase in cash, cash equivalents, and restricted cash 1,052 19,299
Cash, cash equivalents, and restricted cash, beginning of period 68,884 309,126
Exchange rate effect on cash and cash equivalents, and restricted cash 35 (50)
Cash, cash equivalents, and restricted cash, end of period $ 69,971 $ 328,375

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