v3.22.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net loss from operations $ (51,734) $ (305,552) $ (603,331)
Adjustments to reconcile net loss to net cash provided by operating activities of operations:      
Amortization of capitalized contract costs 556,550 524,981 481,213
Amortization of customer relationships 46,642 58,134 65,908
Gain on fair value changes of equity securities 0 (659) 0
Depreciation and amortization of property, plant and equipment and other intangible assets 18,630 18,337 23,710
Amortization of deferred financing costs and bond premiums and discounts 5,641 4,629 3,956
Gain on sale of Canada Business (25,051) 0 0
(Gain) loss on warrant derivative liability (21,332) (50,107) 109,250
Warrant issuance costs 0 0 723
(Gain) loss on sale or disposal of assets (1,653) 339 2,579
Loss on early extinguishment of debt 0 30,210 12,710
Stock-based compensation 77,943 164,684 198,213
Provision for doubtful accounts 40,476 31,341 23,778
Deferred income taxes (3,177) (3,598) (1,813)
Restructuring and asset impairment charges 0 0 11,106
Changes in operating assets and liabilities:      
Accounts and notes receivable, net (46,479) (30,724) (24,684)
Inventories (28,186) (3,950) 17,299
Prepaid expenses and other current assets (10,540) (5,102) (2,336)
Capitalized contract costs, net (661,313) (611,547) (584,151)
Long-term notes receivables and other non-current assets, net 23,389 16,335 28,964
Operating lease right-of-use assets 9,166 6,881 12,440
Accounts payable 27,086 9,627 3,256
Accrued payroll and commissions, accrued expenses, and other current and long-term liabilities (72,647) (22,837) 156,784
Current and long-term operating lease liabilities (10,445) (8,081) (13,291)
Deferred revenue 166,457 259,113 304,381
Net cash provided by operating activities 39,423 82,454 226,664
Cash flows from investing activities:      
Capital expenditures (19,369) (17,275) (25,245)
Proceeds from the sale of capital assets 2,334 141 18,063
Proceeds from the sale of Canada Business, net of cash sold 86,052 0 0
Acquisition of intangible assets (323) (347) (4,481)
Net cash provided by (used in) investing activities 68,694 (17,481) (11,663)
Cash flows from financing activities:      
Proceeds from notes payable 0 1,758,000 1,241,000
Proceeds from notes payable - related party 0 392,000 309,000
Repayments of notes payable (13,500) (1,896,950) (1,579,499)
Repayments of notes payable - related party 0 (351,300) (174,800)
Borrowings from revolving line of credit 0 0 359,200
Repayment of revolving line of credit 0 0 (604,200)
Taxes paid related to net share settlements of stock-based compensation awards (15,351) (29,398) (9,171)
Repayments of finance lease obligations (3,692) (3,158) (7,657)
Proceeds from Mosaic recapitalization 0 0 463,522
Proceeds from warrant exercises 0 10,819 120,802
Financing costs 0 (26,351) (11,191)
Deferred financing costs 0 (23,878) (12,894)
Net cash (used in) provided by financing activities (32,543) (170,216) 94,112
Effect of exchange rate changes on cash and cash equivalents (231) (47) 137
Net increase (decrease) in cash and cash equivalents 75,343 (105,290) 309,250
Cash and cash equivalents:      
Beginning of period 208,509 313,799 4,549
End of period 283,852 208,509 313,799
Supplemental cash flow disclosures:      
Income tax paid 1,860 7,050 537
Interest paid 146,280 173,160 215,223
Supplemental non-cash investing and financing activities:      
Finance lease additions 8,575 1,823 855
Capital expenditures included within accounts payable, accrued expenses and other current liabilities $ 1,787 $ 3,426 $ 2,458