Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.24.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities    
Net (loss) income $ (50,142,000) $ (169,881,000)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 40,171,000 41,926,000
Non-cash interest expense 757,000 424,000
Allowance for credit losses 1,298,000 1,227,000
Stock-based compensation expense 17,167,000 19,033,000
Foreign exchange transaction loss 158,000 183,000
Change in fair value of contingent consideration (200,000) (372,000)
Right-of-use asset (1,883,000) 1,817,000
Impairment of goodwill 0 147,181,000
(Increase) decrease in assets:    
Accounts receivable, gross (1,933,000) (16,637,000)
Prepaid expenses 652,000 252,000
Other current assets (1,851,000) (3,387,000)
Other non-current assets 418,000 (3,799,000)
Increase (decrease) in liabilities:    
Accounts payable (11,377,000) 20,283,000
Accrued revenue share (4,531,000) (14,373,000)
Accrued compensation 135,000 (2,698,000)
Other current liabilities 2,698,000 19,751,000
Deferred income taxes (3,109,000) (10,732,000)
Other non-current liabilities 1,501,000 (1,426,000)
Net cash provided by (used in) operating activities (10,071,000) 28,772,000
Cash flows from investing activities    
Capital expenditures (13,408,000) (14,277,000)
Net cash used in investing activities (13,408,000) (14,277,000)
Cash flows from financing activities    
Proceeds from borrowings 38,000,000 17,000,000
Payment of debt issuance costs (1,561,000) 0
Repayment of debt obligations (13,000,000) (44,136,000)
Acquisition of non-controlling interest in consolidated subsidiaries 0 (3,751,000)
Payment of withholding taxes for net share settlement of equity awards (160,000) (1,037,000)
Options exercised 93,000 2,729,000
Net cash provided by (used in) financing activities 23,372,000 (29,195,000)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (733,000) (2,209,000)
Net change in cash, cash equivalents, and restricted cash (840,000) (16,909,000)
Cash, cash equivalents, and restricted cash, beginning of period 33,605,000 75,558,000
Cash, cash equivalents, and restricted cash, end of period 32,765,000 58,649,000
Reconciliation of cash, cash equivalents, and restricted cash    
Cash and cash equivalents 32,081,000 58,138,000
Restricted cash 684,000 511,000
Total cash, cash equivalents and restricted cash 32,765,000 58,649,000
Supplemental disclosure of cash flow information    
Interest paid 18,578,000 15,582,000
Income taxes paid 703,000 444,000
Supplemental disclosure of non-cash activities    
Assets acquired not yet paid 461,000 425,000
Right-of-use assets acquired under operating leases 3,519,000 353,000
Fair value of unpaid contingent consideration in connection with business acquisitions $ 1,215,000 $ 2,366,000