Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.24.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities    
Net (loss) income $ (183,942,000) $ 30,723,000
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 62,934,000 60,147,000
Non-cash interest expense 633,000 619,000
Allowance for credit losses 2,575,000 3,009,000
Stock-based compensation expense 27,020,000 19,643,000
Foreign exchange transaction (gain) loss (155,000) 581,000
Change in fair value of contingent consideration (372,000) 0
Right-of-use asset 545,000 4,868,000
Deferred income taxes (9,009,000) (2,494,000)
Impairment of goodwill 147,181,000 0
(Increase) decrease in assets:    
Accounts receivable, gross (44,427,000) 32,816,000
Prepaid expenses and other current assets (8,299,000) (11,397,000)
Other non-current assets (5,004,000) 100,000
Increase (decrease) in liabilities:    
Accounts payable 40,082,000 (14,113,000)
Accrued revenue share (2,836,000) (20,324,000)
Accrued compensation (3,441,000) (13,131,000)
Other current liabilities 16,963,000 11,784,000
Other non-current liabilities (15,000) (5,317,000)
Net cash provided by operating activities 40,433,000 97,514,000
Cash flows from investing activities    
Equity investments (9,678,000) (4,000,000)
Purchase price adjustment related to business acquisition 65,000 (2,708,000)
Capital expenditures (17,384,000) (18,598,000)
Net cash used in investing activities (26,997,000) (25,306,000)
Cash flows from financing activities    
Proceeds from borrowings 25,000,000 18,000,000
Payment of debt issuance costs 0 (94,000)
Repayment of debt obligations (62,134,000) (129,500,000)
Acquisition of non-controlling interest in consolidated subsidiaries (3,751,000) 0
Payment of withholding taxes for net share settlement of equity awards (1,176,000) (6,202,000)
Options exercised 2,786,000 1,095,000
Net cash used in financing activities (39,275,000) (116,701,000)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (254,000) (2,808,000)
Net change in cash, cash equivalents, and restricted cash (26,093,000) (47,301,000)
Cash, cash equivalents, and restricted cash, beginning of period 75,558,000 127,162,000
Cash, cash equivalents, and restricted cash, end of period 49,465,000 79,861,000
Supplemental disclosure of cash flow information    
Interest paid 22,876,000 12,912,000
Income taxes paid 536,000 3,917,000
Supplemental disclosure of non-cash activities    
Fair value of unpaid contingent consideration in connection with business acquisitions 2,366,000 2,738,000
Fyber    
Supplemental disclosure of non-cash activities    
Common stock issued for the acquisition of Fyber 0 50,000,000
Unpaid cash consideration for the acquisition of Fyber Minority Interest $ 0 $ 2,578,000