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
 6 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities    
Net income / (loss) $ 8,366 [1] $ 10,313 [2]
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization [1] 24,981 3,241
Non-cash interest expense [1] 298 36
Stock-based compensation [1] 5,695 3,668
Stock-based compensation for services rendered [1] 3,935 458
Change in fair value of contingent consideration [2] 22,087 10,757
Right-of-use asset [1] 1,951 244
Deferred income taxes [1] 178 0
(Increase) / decrease in assets:    
Accounts receivable, gross [1] (61,855) (13,735)
Allowance for credit losses [1] (31) 597
Prepaid expenses and other current assets [1] (4,917) 1,637
Other non-current assets [1] 95 0
Increase / (decrease) in liabilities:    
Accounts payable [1] 51,676 4,776
Accrued license fees and revenue share [1] 1,382 2,777
Accrued compensation [1] (45,694) 1,225
Other current liabilities [1] 2,643 4,005
Other non-current liabilities [1] (3,036) (333)
Net cash provided by operating activities [1] 7,754 29,666
Cash flows from investing activities    
Business acquisitions, net of cash acquired [1] (148,056) (7,968)
Capital expenditures [1] (10,411) (4,177)
Net cash used in investing activities [1] (158,467) (12,145)
Cash flows from financing activities    
Payment of contingent consideration [1] 0 (9,302)
Proceeds from borrowings [1] 267,134 0
Payment of debt issuance costs [1] (2,988) 0
Options and warrants exercised [1] 2,155 3,526
Repayment of debt obligations [1] (46,256) (250)
Net cash provided by / (used in) financing activities [1] 220,045 (6,026)
Effect of exchange rate changes on cash [1] (4,233) (187)
Net change in cash [1] 65,099 11,308
Cash and restricted cash, beginning of period [1] 31,118 21,659
Cash and restricted cash, end of period [1] 96,217 32,967
Supplemental disclosure of cash flow information    
Interest paid [1] 2,199 571
Income taxes paid [1] 693 0
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]    
Fair value of contingent consideration in connection with business acquisitions [1] 235,500 0
Fyber    
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]    
Common stock for the acquisition of Fyber [1] 356,686 0
Unpaid cash consideration for acquisition [1] 3,108 0
AdColony    
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]    
Unpaid cash consideration for acquisition [1] $ 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.