v3.24.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 127,125 $ 35,580
Restricted cash 17,222 9,848
Accounts receivable, net of allowance of $5,223 at September 30, 2024 and $5,335 at December 31, 2023 137,893 126,089
Income tax receivable 4,584 6,811
Prepaid expenses 14,294 13,296
Other current assets 4,315 30,426
Total current assets 305,433 222,050
Property, plant and equipment, net 48,017 61,259
Operating lease right-of-use assets, net 10,214 10,353
Intangible assets, net 1,069,696 1,186,936
Goodwill 3,019,826 3,030,013
Deferred costs 80,667 65,811
Other long-term assets 6,694 6,552
Total assets 4,540,547 4,582,974
Current liabilities    
Accounts payable 47,840 45,484
Accrued compensation 27,252 23,286
Aggregated funds payable 17,092 9,659
Other accrued expenses 11,521 10,923
Deferred revenue 10,201 10,935
Current portion of long-term debt 12,909 17,983
Current portion of operating lease liabilities 5,412 4,398
Current portion of finance lease liabilities 882 821
Total current liabilities 133,109 123,489
Long-term liabilities    
Deferred tax liability 101,294 174,480
Long-term debt, net, less current portion 1,221,755 2,199,678
Operating lease liabilities, net of current portion 12,881 14,278
Finance lease liabilities, net of current portion 11,522 12,194
Deferred revenue-LT 5,652 6,173
Other long-term liabilities 1,587 2,750
Total liabilities 1,487,800 2,533,042
Commitments and contingencies (Note 19)
Stockholders' equity    
Preferred stock $0.01 par value - 100,000,000 and zero shares authorized as of September 30, 2024 and December 31, 2023, respectively; zero shares issued or outstanding as of September 30, 2024 and December 31, 2023, respectively
Common stock $0.01 par value - 2,500,000,000 and 227,000,000 shares authorized at September 30, 2024 and December 31, 2023, respectively; 172,086,129 and 121,679,902 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 1,721 1,217
Additional paid-in capital 3,290,813 2,234,688
Accumulated other comprehensive income (loss) 192 15,802
Accumulated deficit (239,979) (201,775)
Total stockholders' equity 3,052,747 2,049,932
Total liabilities and stockholders' equity 4,540,547 4,582,974
Nonrelated Party    
Current liabilities    
Current portion of long-term debt 12,550 17,454
Long-term liabilities    
Long-term debt, net, less current portion 1,189,630 2,134,920
Related Party    
Current liabilities    
Current portion of long-term debt 359 529
Long-term liabilities    
Long-term debt, net, less current portion $ 32,125 $ 64,758