|
Depreciation and amortization
|
|
$8.2m
|
$2.7m
|
$2.8m
|
$2.3m
|
$7.1m
|
$57.5m
|
$81.1m
|
$83.9m
|
$82.9m
|
$71.5m
|
|
Amortization of debt discount, issuance costs, and exit and duration fees
|
|
$1.3m
|
$1.0m
|
$798k
|
$6k
|
$94k
|
—
|
—
|
$102k
|
$1.8m
|
$13.9m
|
|
Change in deferred income taxes
|
|
$148k
|
($244k)
|
$556k
|
$40k
|
($13.0m)
|
($4.0m)
|
($6.0m)
|
$6.9m
|
($4.1m)
|
($654k)
|
|
Impairment of goodwill
|
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
$336.6m
|
$0
|
$0
|
|
Loss on extinguishment of debt
|
|
$293k
|
$1.8m
|
$431k
|
$0
|
$255k
|
$0
|
$0
|
$0
|
$0
|
$9.8m
|
|
Equity investments
|
|
—
|
—
|
—
|
—
|
$0
|
$0
|
($8.5m)
|
($19.6m)
|
$0
|
$0
|
|
Net loss
|
|
($24.3m)
|
—
|
—
|
—
|
—
|
—
|
—
|
($420.4m)
|
($92.1m)
|
($37.7m)
|
|
Provision for credit losses on accounts receivable
|
|
$133k
|
$299k
|
$383k
|
$2.9m
|
—
|
—
|
—
|
$3.2m
|
$2.8m
|
$233k
|
|
Unrealized gain on derivatives
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
($1.5m)
|
|
Stock-based compensation expense
|
|
$3.7m
|
$2.7m
|
$2.0m
|
$2.7m
|
$4.9m
|
$19.3m
|
$30.4m
|
$33.8m
|
$33.5m
|
$16.4m
|
|
Foreign exchange transaction gain
|
|
—
|
—
|
—
|
—
|
$0
|
($2.1m)
|
($1.0m)
|
($101k)
|
($1.3m)
|
($3.5m)
|
|
Change in fair value of contingent consideration
|
|
—
|
—
|
$0
|
$0
|
$15.8m
|
$41.1m
|
$0
|
($372k)
|
$300k
|
$231k
|
|
Non-cash lease expense
|
|
—
|
—
|
—
|
—
|
$742k
|
$6.0m
|
$5.7m
|
$906k
|
$3.2m
|
$3.5m
|
|
Accounts receivable
|
|
$833k
|
($7.1m)
|
($6.0m)
|
($2.4m)
|
($25.4m)
|
($73.7m)
|
$83.9m
|
($19.3m)
|
$5.8m
|
($70.2m)
|
|
Prepaid expenses
|
|
—
|
—
|
—
|
—
|
—
|
($5.5m)
|
$49k
|
$688k
|
$777k
|
$922k
|
|
Value-added tax receivable
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$11.9m
|
($4.4m)
|
($3.6m)
|
$4.4m
|
|
Other current assets
|
|
—
|
—
|
—
|
—
|
—
|
$2.3m
|
$8.0m
|
($6.3m)
|
$613k
|
($4.8m)
|
|
Right-of-use assets
|
|
—
|
—
|
—
|
($1.9m)
|
$742k
|
—
|
$0
|
($2.1m)
|
($3.9m)
|
($1.1m)
|
|
Other non-current assets
|
|
—
|
—
|
—
|
—
|
$0
|
$283k
|
($636k)
|
($5.2m)
|
$939k
|
$1.8m
|
|
Accounts payable
|
|
$4.6m
|
$8.1m
|
($5.0m)
|
$16.2m
|
($1.9m)
|
$31.8m
|
($48.8m)
|
$40.2m
|
($19.3m)
|
($7.2m)
|
|
Accrued revenue share
|
|
($1.1m)
|
$5.2m
|
$8.0m
|
($3.6m)
|
$26.4m
|
$14.6m
|
($26.0m)
|
($35.0m)
|
$1.4m
|
$51.8m
|
|
Accrued compensation
|
|
($280k)
|
$2.4m
|
($525k)
|
$1.7m
|
$5.2m
|
($43.9m)
|
($18.2m)
|
($3.6m)
|
$298k
|
$14.8m
|
|
Other current liabilities
|
|
($879k)
|
$78k
|
($253k)
|
$1.0m
|
$2.7m
|
$9.6m
|
($10.0m)
|
$14.3m
|
$2.4m
|
($21.4m)
|
|
Other non-current liabilities
|
|
($31k)
|
($695k)
|
$182k
|
($9.0m)
|
($1.1m)
|
($6.0m)
|
($5.9m)
|
($1.7m)
|
($639k)
|
$713k
|
|
Proceeds from borrowings, net of original issue discount
|
|
$0
|
$2.5m
|
$0
|
$20.0m
|
$15.0m
|
$549.1m
|
$25.5m
|
$50.0m
|
$38.0m
|
$418.7m
|
|
Payment of deferred business acquisition consideration
|
|
—
|
—
|
—
|
—
|
$0
|
($302.7m)
|
$0
|
$0
|
$0
|
($1.3m)
|
|
Acquisition of non-controlling interest in consolidated subsidiaries
|
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
($3.8m)
|
$0
|
$0
|
|
Payment of withholding taxes for net share settlement of equity awards
|
|
—
|
—
|
—
|
—
|
$0
|
($8.6m)
|
($6.7m)
|
($1.3m)
|
($465k)
|
($937k)
|
|
Proceeds from options exercised
|
|
$11k
|
$337k
|
$734k
|
$6.5m
|
$7.2m
|
$4.3m
|
$2.0m
|
$2.9m
|
$373k
|
$2.3m
|
|
Assets acquired not yet paid
|
|
—
|
—
|
—
|
—
|
—
|
$538k
|
$445k
|
$546k
|
$519k
|
$233k
|
|
Stock-based compensation included in capitalized software development costs
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$1.6m
|
$1.0m
|
$1.9m
|
|
Fair value of unpaid contingent consideration in connection with business acquisitions
|
|
—
|
—
|
—
|
—
|
$0
|
$50.0m
|
$2.7m
|
$2.4m
|
$1.7m
|
$0
|
|
Net cash provided by operating activities
|
|
($7.0m)
|
$7.0m
|
$1.3m
|
$31.4m
|
$62.8m
|
$84.7m
|
$113.4m
|
$28.7m
|
$11.9m
|
$41.8m
|
|
Capital expenditures
|
|
($1.6m)
|
($2.0m)
|
($2.3m)
|
($4.8m)
|
($9.2m)
|
($23.3m)
|
($23.9m)
|
($24.3m)
|
($27.5m)
|
($30.6m)
|
|
Business acquisition, net of cash acquired
|
|
—
|
$0
|
$0
|
($41.9m)
|
($28.6m)
|
($148.7m)
|
($2.7m)
|
$65k
|
$0
|
$0
|
|
Net cash used in investing activities
|
|
($596k)
|
($2.1m)
|
($2.3m)
|
($46.7m)
|
($37.8m)
|
($172.0m)
|
($35.1m)
|
($43.8m)
|
($27.5m)
|
($30.6m)
|
|
Payment of debt issuance costs
|
|
($2.4m)
|
($346k)
|
$0
|
($313k)
|
($469k)
|
($4.1m)
|
($99k)
|
$0
|
($1.6m)
|
($20.5m)
|
|
Repayment of debt obligations
|
|
($11.0m)
|
($1.1m)
|
($1.6m)
|
$0
|
($20.0m)
|
($52.8m)
|
($149.0m)
|
($77.1m)
|
($13.0m)
|
($466.0m)
|
|
Proceeds from issuance of common stock in connection with at-the-market offering, net of issuance costs of $1,757
|
|
$0
|
$0
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
$56.8m
|
|
Net cash provided by (used in) financing activities
|
|
$2.6m
|
$1.7m
|
($916k)
|
$26.2m
|
($15.2m)
|
$185.2m
|
($128.3m)
|
($29.3m)
|
$23.3m
|
($10.9m)
|
|
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
|
|
—
|
—
|
—
|
—
|
($312k)
|
($1.9m)
|
($1.6m)
|
$2.5m
|
($1.2m)
|
($2.4m)
|
|
Net change in cash, cash equivalents, and restricted cash
|
|
($4.8m)
|
$6.6m
|
($2.0m)
|
$10.6m
|
$9.5m
|
$96.0m
|
($51.6m)
|
($42.0m)
|
$6.5m
|
($2.1m)
|
|
Cash, cash equivalents, and restricted cash, beginning of period
|
|
$6.5m
|
$13.1m
|
$11.1m
|
$21.7m
|
$31.1m
|
$127.2m
|
$75.6m
|
$33.6m
|
$40.1m
|
$38.0m
|
|
Cash and cash equivalents
|
|
$6.1m
|
$12.7m
|
—
|
—
|
—
|
—
|
$75.1m
|
$32.9m
|
$39.4m
|
$37.7m
|
|
Restricted cash
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$500k
|
$689k
|
$691k
|
$241k
|
|
Interest paid
|
|
$1.4m
|
$1.1m
|
$383k
|
$101k
|
$922k
|
$6.0m
|
$20.2m
|
$30.7m
|
$35.6m
|
$47.1m
|
|
Income taxes paid
|
|
—
|
—
|
$0
|
$0
|
$927k
|
$1.7m
|
$5.7m
|
$1.5m
|
$7.2m
|
$26.3m
|