|
Net income
|
|
$13.9m
|
$21.7m
|
$58.5m
|
$101.5m
|
$110.7m
|
|
Depreciation and amortization
|
|
$4.0m
|
$4.4m
|
$8.6m
|
$9.8m
|
$10.7m
|
|
Amortization of debt issuance costs
|
|
—
|
—
|
—
|
—
|
$1.9m
|
|
Deferred income taxes
|
|
($903k)
|
($1.5m)
|
($1.3m)
|
($4.3m)
|
($4.3m)
|
|
Share-based compensation
|
|
$2.1m
|
$6.7m
|
$24.1m
|
$25.0m
|
$33.9m
|
|
Share-based compensation capitalized as part of capitalization of software development costs
|
|
—
|
—
|
$1.1m
|
$1.3m
|
$2.7m
|
|
Change in operating lease right-of-use assets
|
|
—
|
$5.0m
|
$4.6m
|
$6.3m
|
$7.9m
|
|
Change in operating lease liability
|
|
—
|
($6.3m)
|
($4.3m)
|
($5.7m)
|
($5.8m)
|
|
Accretion of discount of marketable securities, net
|
|
—
|
—
|
($547k)
|
($1.3m)
|
($2.2m)
|
|
Decrease (increase) in trade receivable
|
|
($588k)
|
($2.4m)
|
($2.3m)
|
$728k
|
($7.7m)
|
|
Increase in prepaid expenses and other receivables
|
|
($1.3m)
|
($1.8m)
|
($4.3m)
|
($1.9m)
|
($18.2m)
|
|
Increase in inventories
|
|
($35.7m)
|
($18.8m)
|
($13.6m)
|
($15.7m)
|
($35.4m)
|
|
(Decrease) Increase in trade payables
|
|
$21.1m
|
$7.8m
|
$9.3m
|
$23.2m
|
($3.2m)
|
|
(Decrease) Increase in other accounts payable and accrued expenses and other long-term liabilities
|
|
—
|
$23.7m
|
$8.7m
|
$2k
|
($1.7m)
|
|
Other
|
|
$530k
|
$597k
|
$45k
|
$73k
|
$721k
|
|
Capitalization of software development costs and investment in other intangible assets
|
|
—
|
—
|
($3.7m)
|
($6.3m)
|
($12.2m)
|
|
Investment in marketable securities
|
|
—
|
—
|
($50.0m)
|
($59.7m)
|
($336.2m)
|
|
Proceeds from sales of marketable securities
|
|
—
|
—
|
—
|
$36.3m
|
$27.1m
|
|
Proceeds from maturities of marketable securities
|
|
—
|
—
|
—
|
$4.9m
|
$10.1m
|
|
Proceeds from maturities of short-term deposits
|
|
—
|
—
|
$38.0m
|
$87.2m
|
$48.0m
|
|
Investment in short-term deposits
|
|
—
|
($18.0m)
|
($98.0m)
|
($57.2m)
|
—
|
|
Proceeds from issuance of exchangeable notes, net of issuance costs
|
|
—
|
—
|
—
|
—
|
$582.5m
|
|
Purchase of capped calls
|
|
—
|
—
|
—
|
—
|
($63.4m)
|
|
Proceeds from exercise of options
|
|
—
|
$75k
|
$1.7m
|
$19.0m
|
$12.2m
|
|
Repayment of loans and borrowings
|
|
($318k)
|
($362k)
|
($4.3m)
|
—
|
—
|
|
Proceeds from Initial Public Offering, net of issuance costs
|
|
—
|
($607k)
|
$53.0m
|
($303k)
|
—
|
|
Tax withholding in connection with employees' exercises of share options and vested RSUs
|
|
—
|
—
|
—
|
$2.9m
|
—
|
|
Offering costs accrued but not yet paid
|
|
—
|
—
|
$2.1m
|
—
|
—
|
|
Issuance of shares in connection with business combination
|
|
$12.3m
|
—
|
$34.9m
|
—
|
—
|
|
Conversion of Redeemable A shares and digital securities into Class A Ordinary shares upon Initial Public Offering
|
|
—
|
—
|
$13.1m
|
—
|
—
|
|
Lease liabilities arising from obtaining right-of-use assets
|
|
—
|
$1.1m
|
$4.7m
|
$15.9m
|
$6.5m
|
|
Net cash provided by operating activities
|
|
$10.2m
|
$39.0m
|
$87.5m
|
$137.8m
|
$87.6m
|
|
Purchase of property, plant and equipment
|
|
($2.4m)
|
($2.3m)
|
($2.1m)
|
($3.3m)
|
($3.9m)
|
|
Acquisition of businesses, net of cash acquired
|
|
($11.8m)
|
—
|
($23.2m)
|
—
|
—
|
|
Other investing activities
|
|
($1.3m)
|
($382k)
|
($1.2m)
|
($2.2m)
|
($150k)
|
|
Net cash (used in) provided by investing activities
|
|
($18.8m)
|
($25.8m)
|
($140.0m)
|
$1.4m
|
($267.2m)
|
|
Repurchase and retirement of common stock
|
|
—
|
—
|
—
|
($147.3m)
|
—
|
|
Other financing activities
|
|
—
|
—
|
($1.6m)
|
($1.6m)
|
—
|
|
Net cash provided by (used in) financing activities
|
|
($318k)
|
($246k)
|
$48.8m
|
($127.3m)
|
$531.3m
|
|
Effect of exchange rate fluctuations on cash and cash equivalents
|
|
($359k)
|
($781k)
|
($623k)
|
($236k)
|
$251k
|
|
Net increase (decrease) in cash, cash equivalents and restricted cash
|
|
($9.2m)
|
$12.2m
|
($4.3m)
|
$11.6m
|
$351.9m
|
|
Cash, cash equivalents and restricted cash at the beginning of the year
|
|
$30.9m
|
$43.1m
|
$38.8m
|
$50.3m
|
$402.3m
|
|
Cash and cash equivalents
|
|
$28.8m
|
$41.0m
|
$36.5m
|
$50.3m
|
$402.2m
|
|
Restricted cash included within prepaid expenses and other current assets
|
|
$2.1m
|
$2.2m
|
$2.2m
|
$7k
|
$70k
|
|
Cash paid during the year for interest
|
|
($168k)
|
($210k)
|
($73k)
|
—
|
—
|
|
Cash paid during the year for income tax
|
|
($696k)
|
($1.9m)
|
($11.2m)
|
($35.7m)
|
$28.2m
|