Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.23.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities    
Net (loss) income per common share $ (8,399) $ 14,958
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 21,258 19,929
Non-cash interest expense 571 210
Stock-based compensation expense 10,017 6,244
Foreign exchange transaction (gain) loss (1,923) 331
Right-of-use asset 644 2,654
Deferred income taxes 1,619 1,050
(Increase) decrease in assets:    
Accounts receivable, gross (24,739) 6,626
Allowance for credit losses 752 886
Prepaid expenses and other current assets (2,801) (4,967)
Other non-current assets (1,233) 212
Increase (decrease) in liabilities:    
Accounts payable 18,620 5,718
Accrued license fees and revenue share (19,723) (9,433)
Accrued compensation (792) (11,585)
Other current liabilities 7,943 7,368
Other non-current liabilities (496) (3,572)
Net cash provided by operating activities 1,318 36,629
Cash flows from investing activities    
Capital expenditures (7,276) (6,413)
Net cash used in investing activities (7,276) (6,413)
Cash flows from financing activities    
Proceeds from borrowings 5,000 0
Repayment of debt obligations (10,000) (60,508)
Acquisition of non-controlling interest in consolidated subsidiaries (3,751) 0
Payment of withholding taxes for net share settlement of equity awards (931) (4,357)
Options exercised 731 296
Net cash used in financing activities (8,951) (64,569)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (1,580) (2,970)
Net change in cash, cash equivalents, and restricted cash (16,489) (37,323)
Cash, cash equivalents, and restricted cash, beginning of period 75,558 127,162
Cash, cash equivalents, and restricted cash, end of period 59,069 89,839
Supplemental disclosure of cash flow information    
Interest paid 6,810 3,340
Income taxes paid 444 445
Supplemental disclosure of non-cash activities    
Fair value of unpaid contingent consideration in connection with business acquisitions 2,738 2,578
Fyber    
Supplemental disclosure of non-cash activities    
Common stock issued for the acquisition of Fyber $ 0 $ 50,000