Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows

v3.25.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities:    
Loss from continuing operations $ (105,312) $ (1,089,463)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 111,914 106,321
Impairment of goodwill 0 1,107,465
Share-based compensation expense 11,049 8,088
Provision for revenue adjustments 2,319 2,761
Deferred income tax benefit (523) (197,156)
Other 11,011 4,296
Changes in operating assets and liabilities, net of effects from the purchase of acquired businesses:    
Accounts receivable (15,891) (34,050)
Other receivables (273) 6,159
Other current and noncurrent assets 4,382 (18,215)
Accounts payable and accrued expenses 48,436 58,024
Net cash provided by (used in) operating activities of continuing operations 67,112 (45,770)
Investing activities:    
Proceeds from sale of property and equipment 1,789 2,493
Purchases of property and equipment (20,765) (29,810)
Purchase of a business, net of cash acquired 0 (1,565,242)
Other 0 (319)
Net cash used in investing activities of continuing operations (18,976) (1,592,878)
Financing activities:    
Repayments of finance lease obligations (12,986) (15,339)
Proceeds from credit facility 85,000 0
Payments on credit facility (85,000) (80,000)
Payment of debt issuance costs 0 (60,591)
Payment of earn-out liability 0 (12,247)
Proceeds from common stock issued under employee stock purchase plan 434 355
Payment of minimum tax withholdings on share-based awards (1,053) (1,572)
Net cash used in financing activities of continuing operations (13,605) (169,394)
Effect of exchange rate changes on cash 557 138
Net increase (decrease) in cash and cash equivalents and restricted cash and restricted cash equivalents from continuing operations 35,088 (1,807,904)
Cash from discontinued operation:    
Net cash used in operating activities of discontinued operations 0 (6,013)
Net increase (decrease) in cash and cash equivalents, and restricted cash and restricted cash equivalents 35,088 (1,813,917)
Cash and cash equivalents, and restricted cash and restricted cash equivalents at beginning of period 105,266 1,952,073
Cash and cash equivalents, and restricted cash and restricted cash equivalents at end of period 140,354 138,156
Reconciliation of cash and cash equivalents, and restricted cash and restricted cash equivalents    
Cash and cash equivalents 140,354 136,616
Restricted cash and restricted cash equivalents 0 1,540
Total cash and cash equivalents, and restricted cash and restricted cash equivalents shown in the condensed consolidated statement of cash flows: $ 140,354 $ 138,156