|
Net income (loss)
|
|
$32k
|
($51.6m)
|
($106.6m)
|
($156.6m)
|
($133.9m)
|
($32.8m)
|
$15.3m
|
|
Depreciation and amortization
|
|
$7.4m
|
$6.6m
|
$16.4m
|
$27.9m
|
$24.4m
|
$25.5m
|
$24.5m
|
|
Impairment loss on intangible assets and goodwill
|
|
—
|
—
|
$0
|
$61.4m
|
$57.2m
|
$0
|
$0
|
|
Gain on extinguishment of debt
|
|
$483k
|
($5.7m)
|
($5.1m)
|
$0
|
($81.4m)
|
($27.4m)
|
($395k)
|
|
Loss on divestiture of business
|
|
$5.0m
|
($1.4m)
|
—
|
$0
|
$0
|
$5.3m
|
$0
|
|
Non-cash interest expense
|
|
$2.4m
|
$7.5m
|
$2.4m
|
$2.3m
|
$20.8m
|
$27.3m
|
$29.2m
|
|
Provision for doubtful accounts
|
|
—
|
—
|
$1.1m
|
$805k
|
$37.2m
|
$239k
|
$5.3m
|
|
Change in fair value of private warrant liability
|
|
$2.1m
|
$2.6m
|
$15.4m
|
($14.5m)
|
$444k
|
($691k)
|
$4.0m
|
|
Change in fair value of contingent consideration
|
|
—
|
—
|
($2.2m)
|
$6.9m
|
($5.7m)
|
($3.4m)
|
($44k)
|
|
Change in fair value of derivatives
|
|
—
|
—
|
—
|
($13.8m)
|
$4.2m
|
($5.9m)
|
($19.6m)
|
|
Stock-based compensation
|
|
$36.0m
|
$11.4m
|
$38.6m
|
$27.0m
|
$20.7m
|
$27.2m
|
$29.0m
|
|
Gain on settlement of contingent consideration
|
|
—
|
—
|
—
|
$0
|
$0
|
($14.9m)
|
$0
|
|
Other operating activities
|
|
—
|
—
|
—
|
$3.6m
|
$1.1m
|
($4.1m)
|
($2.6m)
|
|
Accounts receivable
|
|
($1.8m)
|
$16k
|
($2.9m)
|
($4.9m)
|
$1.0m
|
($155k)
|
($5.5m)
|
|
Reinsurance balance due
|
|
—
|
—
|
($15.3m)
|
($70.6m)
|
$179.4m
|
($7.4m)
|
$53.6m
|
|
Deferred policy acquisition costs
|
|
—
|
—
|
($4.2m)
|
($4.7m)
|
($18.5m)
|
$9.6m
|
($9.2m)
|
|
Accounts payable
|
|
$23k
|
$3.8m
|
($11.8m)
|
($697k)
|
$2.5m
|
($4.2m)
|
($162k)
|
|
Accrued expenses and other current liabilities
|
|
$2k
|
($15.9m)
|
($16.0m)
|
($6.5m)
|
($1.4m)
|
($10.7m)
|
$4.1m
|
|
Losses and loss adjustment expense reserves
|
|
—
|
—
|
($22.4m)
|
$38.7m
|
($5.1m)
|
($27.7m)
|
($18.6m)
|
|
Other insurance liabilities, current
|
|
—
|
—
|
$14.4m
|
$21.7m
|
($30.1m)
|
$7.6m
|
($15.3m)
|
|
Deferred revenue
|
|
($803k)
|
$1.9m
|
$53.6m
|
$66.3m
|
($21.6m)
|
($437k)
|
($25.0m)
|
|
Refundable customer deposits
|
|
$6.1m
|
($3.5m)
|
($3.5m)
|
$6.5m
|
($13.9m)
|
($5.4m)
|
($94k)
|
|
Other assets and liabilities, net
|
|
($975k)
|
($1.8m)
|
($399k)
|
($990k)
|
($3.5m)
|
$10.9m
|
($2.0m)
|
|
Purchases of property and equipment
|
|
($478k)
|
($279k)
|
($972k)
|
($2.4m)
|
($851k)
|
($523k)
|
($454k)
|
|
Capitalized internal use software development costs
|
|
($4.1m)
|
($2.6m)
|
($3.7m)
|
($8.1m)
|
($9.2m)
|
($12.3m)
|
($13.9m)
|
|
Proceeds from sale of business
|
|
—
|
—
|
—
|
$0
|
$0
|
$10.9m
|
$1.2m
|
|
Acquisitions, net of cash acquired
|
|
$116k
|
($7.8m)
|
($256.4m)
|
($38.6m)
|
($2.0m)
|
$0
|
$0
|
|
Proceeds from advance funding
|
|
—
|
—
|
$0
|
$18.6m
|
$319k
|
$0
|
$0
|
|
Repayments of advance funding
|
|
—
|
—
|
$0
|
($22.7m)
|
($4.1m)
|
$0
|
$0
|
|
Repayments of principal
|
|
($202k)
|
($81.6m)
|
($47.0m)
|
($5.2m)
|
($10.2m)
|
($23.4m)
|
($68.2m)
|
|
Repurchase of stock
|
|
—
|
($42k)
|
$0
|
($1.8m)
|
($5.6m)
|
$0
|
$0
|
|
Non-cash reduction in advance funding arrangement obligations
|
|
—
|
—
|
—
|
$0
|
$11.8m
|
$94k
|
$0
|
|
Non-cash reduction of convertible notes, net
|
|
—
|
$2.7m
|
—
|
—
|
$0
|
$0
|
$15.0m
|
|
Non-cash additions of internally developed software
|
|
—
|
—
|
—
|
—
|
$0
|
$0
|
$434k
|
|
Non-cash warrant exercises
|
|
—
|
—
|
—
|
—
|
$0
|
$0
|
$4.5m
|
|
Net cash provided by (used in) operating activities
|
|
($283k)
|
($48.7m)
|
($34.8m)
|
($17.7m)
|
$33.9m
|
($31.7m)
|
$66.4m
|
|
Purchases of short-term and long-term investments
|
|
—
|
—
|
($24.0m)
|
($52.5m)
|
($91.0m)
|
($110.9m)
|
($148.3m)
|
|
Maturities, sales of short-term and long-term investments
|
|
—
|
—
|
$21.7m
|
$21.9m
|
$46.8m
|
$67.8m
|
$89.6m
|
|
Net cash used in investing activities
|
|
($172.5m)
|
($10.7m)
|
($263.4m)
|
($79.7m)
|
($56.3m)
|
($45.1m)
|
($71.9m)
|
|
Proceeds from issuance of debt
|
|
$31.3m
|
$66.2m
|
$413.5m
|
$10.0m
|
$116.7m
|
$0
|
$51.0m
|
|
Cash paid for debt issuance costs
|
|
—
|
—
|
$0
|
$0
|
($4.7m)
|
$0
|
($2.2m)
|
|
Other financing activities
|
|
—
|
—
|
$4.0m
|
$401k
|
($210k)
|
($339k)
|
($2.8m)
|
|
Net cash used in financing activities
|
|
$174.2m
|
$259.6m
|
$415.5m
|
$1.2m
|
$91.0m
|
($23.7m)
|
($22.2m)
|
|
Net change in cash, cash equivalents, and restricted cash and cash equivalents
|
|
—
|
—
|
$117.3m
|
($96.2m)
|
$68.6m
|
($100.5m)
|
($27.7m)
|
|
Cash, cash equivalents, and restricted cash and cash equivalents at beginning of period
|
|
$7.2m
|
$207.5m
|
$324.8m
|
$228.6m
|
$297.2m
|
$196.8m
|
$169.1m
|
|
Cash paid for interest
|
|
$3.5m
|
$9.1m
|
$2.7m
|
$3.5m
|
$12.2m
|
$23.8m
|
$29.0m
|
|
Income taxes paid (refunded)
|
|
—
|
—
|
$0
|
($674k)
|
$2.3m
|
$621k
|
$562k
|