Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities    
Net income $ 14,253 [1] $ 9,940 [2]
Adjustments to reconcile net income to net cash provided by / (used in) by operating activities:    
Depreciation and amortization [3] 8,653 1,552
Non-cash interest expense [3] 127 18
Stock-based compensation [3] 2,365 1,438
Stock-based compensation for services rendered [3] 1,340 173
(Increase) / decrease in assets:    
Accounts receivable, gross [3] (48,817) (10,686)
Allowance for credit losses [3] 26 378
Deferred tax assets [3] 12,966 0
Prepaid expenses and other current assets [3] (4,492) 456
Right-of-use asset [3] 628 61
Other non-current assets [3] 160 0
Increase / (decrease) in liabilities:    
Accounts payable [3] 35,396 (1,698)
Accrued license fees and revenue share [3] 3,573 4,199
Accrued compensation [3] (46,956) (1,018)
Other current liabilities [3] 2,455 1,036
Deferred tax liabilities [3] (10,089) 0
Other non-current liabilities [3] (585) 163
Net cash provided by / (used in) operating activities [3] (28,997) 6,012
Cash flows from investing activities    
Business acquisitions, net of cash acquired [3] (126,604) (7,232)
Capital expenditures [3] (4,364) (2,011)
Net cash used in investing activities [3] (130,968) (9,243)
Cash flows from financing activities    
Proceeds from borrowings [3] 237,041 0
Payment of debt issuance costs [3] (2,988) 0
Options and warrants exercised [3] 695 437
Repayment of debt obligations [3] (19,680) 0
Net cash provided by financing activities [3] 215,068 437
Effect of exchange rate changes on cash [3] (2,209) (142)
Net change in cash [3] 52,894 (2,936)
Cash and restricted cash, beginning of period [3] 31,118 21,659
Cash and restricted cash, end of period [3] 84,012 18,723
Supplemental disclosure of cash flow information    
Interest paid [3] 337 299
Income taxes paid [3] 311 0
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]    
Fair value of contingent consideration in connection with business acquisition [3] 213,413 0
Fyber    
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]    
Common stock for the acquisition of Fyber [3] 359,233 0
Unpaid cash consideration for acquisition [3] 24,558 0
AdColony    
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]    
Unpaid cash consideration for acquisition [3] $ 100,000 $ 0
[1] In the quarter ending June 30, 2021, the Company initiated two significant acquisitions. Please refer to Note 3 in the accompanying condensed consolidated financial statements.
[2] In the quarter ending June 30, 2021, the Company initiated two significant acquisitions. Please refer to Note 3 in the accompanying condensed consolidated financial statements.
[3] In the quarter ending June 30, 2021, the Company initiated two significant acquisitions. Please refer to Note 3 in the accompanying condensed consolidated financial statements.