v3.24.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 1 Months Ended 11 Months Ended 12 Months Ended
Jan. 26, 2022
Dec. 31, 2022
Dec. 31, 2023
Cash Flows from Operating Activities      
Net loss $ (37,061) $ (441,322) $ (285,585)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization 1,000 118,652 105,208
Stock-based compensation 23,705 108,323 53,085
Impairment of goodwill 0 372,728 115,483
Impairment of assets held for sale 0 0 3,276
Loss on sale of business 0 0 4,247
Amortization of debt issuance costs 0 4,836 6,418
Noncash lease expense 115 1,532 1,680
Change in fair value of Warrant liabilities 0 3,751 (5,109)
Deferred tax benefits (816) (118,048) (22,330)
Loss on extinguishment of related-party debt 0 0 2,004
Other (9) 661 2,042
Changes in operating assets and liabilities      
Accounts receivable 11,118 4,602 20,857
Prepaids and other assets 1,069 (3,348) 5,207
Accounts payable (67,600) 2,121 (6,796)
Accrued expenses and other liabilities 57,488 (22,034) (19,438)
Deferred revenue 311 9,008 15,273
Long-term earnout liabilities 0 (20,000) (20,000)
Other long-term liabilities 77 (18,145) (264)
Net cash provided by (used in) operating activities (10,603) 3,317 (24,742)
Cash Flows from Investing Activities      
Purchases of property and equipment 0 (3,546) (2,353)
Capitalized software development costs (441) (6,389) (5,607)
Proceeds from sale of business, net of cash sold 0 0 211,139
Acquisition of businesses, net of cash acquired 0 (444,074) 0
Net cash provided by (used in) investing activities (441) (454,009) 203,179
Cash Flows from Financing Activities      
Proceeds from Term Loan and 2022 Revolving Facility 0 450,000 0
Proceeds from related-party loan, net of lender fees 0 0 11,278
Repayments of related party loan, inclusive of lender fees 0 0 (2,699)
Proceeds from 2023 Revolving Note 0 0 64,000
Repayment of 2023 Revolving Note, inclusive of lender fees 0 0 (66,400)
Repayment of Term Loan 0 (187,488) (20,000)
Repayment of 2022 Revolving Facility 0 0 (50,000)
Payments for financing costs 0 (24,845) 0
Payment of acquisition holdback 0 (1,715) (1,935)
Payment of promissory note 0 0 (5,156)
Taxes paid related to net settlement of stock awards 0 (2,090) (3,063)
Redemptions of Class A common stock 0 (510,469) 0
Proceeds from Warrant exercises 0 5,027 0
Purchases of treasury stock 0 (1,122) 0
Cash received from the Backstop 0 246,484 0
Distributions to members 0 (1,511) (97)
Net cash used in financing activities 0 (27,729) (74,072)
Effect of exchange rate changes in cash, cash equivalent and restricted cash (19) (57) 10
Net increase (decrease) in cash, cash equivalents and restricted cash (11,063) (478,478) 104,375
Cash and cash equivalents and restricted cash, beginning of the period 48,639 37,576 39,075
Cash and cash equivalents and restricted cash, end of the period 37,576 39,075 143,450
Reconciliation of cash, cash equivalents and restricted cash to the consolidated balance sheets:      
Cash and cash equivalents 36,833 8,905 135,343
Restricted cash 743 11,112 8,107
Cash and restricted cash included in assets held for sale from discontinued operations 0 19,058 0
Total cash, cash equivalents and restricted cash 37,576 39,075 143,450
Supplemental cash flow information:      
Cash paid for income taxes 241 8,298 7,102
Cash paid for interest 932 25,993 42,875
Cash paid for operating lease liabilities 175 2,199 2,141
Operating lease assets obtained in exchange for operating lease liabilities 7,987 2,064 0
Tenant improvements paid by lessor 0 636 0
Stock-based compensation included in capitalized software development costs 0 817 2,008
Equity issuance to settle intercompany loan 941 0 0
Settlement of incentive plan through issuance of common stock 0 0 1,658
Restructuring of holdback liability to promissory note 0 0 5,156
Deferred consideration for acquisition $ 0 $ 6,850 $ 0