Powerschool Holdings Inc(NYSE:PWSC) 
PowerSchool Holdings, Inc. provides cloud-based software to the K-12 education market. Its solution is embedded in school workflows and is used on daily basis by educators, students, administrators, and parents in schools and districts representing approximately 45 million students worldwide. Its cl...
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At a glance:
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Income Statements:
Quarterly
Annual
| Unit: USD | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 |
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revenue: | ||||||||||||
subscriptions and support | 166,927,000 | 163,623,000 | 148,990,000 | 146,503,000 | 141,073,000 | 141,574,000 | 137,095,000 | 135,010,000 | 129,765,000 | 128,170,000 | 124,272,000 | 121,763,000 |
service | 16,686,000 | 15,403,000 | 20,722,000 | 20,197,000 | 16,233,000 | 15,288,000 | 19,933,000 | 19,119,000 | 16,063,000 | 14,443,000 | 18,497,000 | 16,083,000 |
license and other | 1,354,000 | 3,110,000 | 12,452,000 | 7,197,000 | 2,148,000 | 4,204,000 | 5,406,000 | 3,462,000 | 3,764,000 | 3,483,000 | 6,183,000 | 7,557,000 |
total revenue | 184,967,000 | 182,136,000 | 182,164,000 | 173,897,000 | 159,454,000 | 161,066,000 | 162,434,000 | 157,591,000 | 149,592,000 | 146,096,000 | 148,952,000 | 145,403,000 |
yoy | 16.00% | 13.08% | 12.15% | 10.35% | 6.59% | 10.25% | 9.05% | 8.38% | ||||
qoq | 1.55% | -0.02% | 4.75% | 9.06% | -1.00% | -0.84% | 3.07% | 5.35% | 2.39% | -1.92% | 2.44% | |
cost of revenue: | ||||||||||||
depreciation and amortization | 19,080,000 | 17,561,000 | 16,507,000 | 16,108,000 | 16,021,000 | 15,183,000 | 14,839,000 | 14,271,000 | 13,961,000 | 13,012,000 | 13,094,000 | 12,846,000 |
total cost of revenue | 79,861,000 | 73,505,000 | 71,850,000 | 69,029,000 | 69,489,000 | 66,600,000 | 69,787,000 | 67,985,000 | 67,977,000 | 65,842,000 | 63,332,000 | 59,804,000 |
gross profit | 105,106,000 | 108,631,000 | 110,314,000 | 104,868,000 | 89,965,000 | 94,466,000 | 92,647,000 | 89,606,000 | 81,615,000 | 80,254,000 | 85,620,000 | 85,599,000 |
yoy | 16.83% | 14.99% | 19.07% | 17.03% | 10.23% | 17.71% | 8.21% | 4.68% | ||||
qoq | -3.24% | -1.53% | 5.19% | 16.57% | -4.76% | 1.96% | 3.39% | 9.79% | 1.70% | -6.27% | 0.02% | |
gross margin % | 56.82% | 59.64% | 60.56% | 60.30% | 56.42% | 58.65% | 57.04% | 56.86% | 54.56% | 54.93% | 57.48% | 58.87% |
operating expenses: | ||||||||||||
research and development | 31,651,000 | 27,866,000 | 26,751,000 | 25,862,000 | 25,421,000 | 26,970,000 | 27,821,000 | 26,088,000 | 26,618,000 | 27,866,000 | 24,400,000 | 21,929,000 |
selling, general, and administrative | 52,432,000 | 58,514,000 | 53,606,000 | 53,129,000 | 49,558,000 | 45,220,000 | 45,530,000 | 47,484,000 | 40,102,000 | 45,907,000 | 47,276,000 | 30,653,000 |
acquisition costs | 753,000 | 1,819,000 | 2,461,000 | 11,000 | 1,043,000 | 1,575,000 | 1,225,000 | 295,000 | 177,000 | |||
total operating expenses | 102,185,000 | 105,299,000 | 98,653,000 | 94,755,000 | 90,750,000 | 88,107,000 | 89,317,000 | 90,752,000 | 84,253,000 | 91,000,000 | 88,074,000 | 68,913,000 |
income from operations | 2,921,000 | 3,332,000 | 11,661,000 | 10,113,000 | -785,000 | 6,359,000 | 3,330,000 | -1,146,000 | -2,638,000 | -10,746,000 | -2,454,000 | 16,686,000 |
yoy | -472.10% | -47.60% | 250.18% | -982.46% | -70.24% | -159.18% | -235.70% | -106.87% | ||||
qoq | -12.33% | -71.43% | 15.31% | -1388.28% | -112.34% | 90.96% | -390.58% | -56.56% | -75.45% | 337.90% | -114.71% | |
operating margin % | 1.58% | 1.83% | 6.40% | 5.82% | -0.49% | 3.95% | 2.05% | -0.73% | -1.76% | -7.36% | -1.65% | 11.48% |
interest expense—net | 20,996,000 | 13,090,000 | 11,158,000 | 8,743,000 | 7,022,000 | 7,519,000 | 12,857,000 | 21,297,000 | ||||
other incomes (income)—net | -99,000 | |||||||||||
income before income taxes | -17,976,000 | -13,890,000 | -4,781,000 | -6,019,000 | -14,858,000 | -16,855,000 | -4,728,000 | -9,391,000 | -9,582,000 | -18,255,000 | -27,813,000 | -4,235,000 |
income tax benefit | 4,872,000 | -13,609,000 | -811,000 | -2,933,000 | 4,538,000 | -2,380,000 | -2,685,000 | -1,690,000 | ||||
net income | -22,848,000 | -18,658,000 | -1,306,000 | -4,295,000 | -14,813,000 | -3,246,000 | -3,917,000 | -6,458,000 | -14,120,000 | -15,875,000 | -25,128,000 | -2,545,000 |
yoy | 54.24% | 474.80% | -66.66% | -33.49% | 4.91% | -79.55% | -84.41% | 153.75% | ||||
qoq | 22.46% | 1328.64% | -69.59% | -71.01% | 356.35% | -17.13% | -39.35% | -54.26% | -11.06% | -36.82% | 887.35% | |
net income margin % | -12.35% | -10.24% | -0.72% | -2.47% | -9.29% | -2.02% | -2.41% | -4.10% | -9.44% | -10.87% | -16.87% | -1.75% |
less: net income attributable to non-controlling interest | -3,290,000 | -3,042,000 | -833,000 | -1,100,000 | -2,960,000 | -1,624,000 | -1,389,000 | -1,933,000 | -2,007,000 | -3,544,000 | -5,752,000 | |
net income attributable to powerschool holdings, inc. | -19,558,000 | -15,616,000 | -473,000 | -3,195,000 | -11,853,000 | -1,622,000 | -2,528,000 | -4,525,000 | -12,113,000 | -12,331,000 | -19,376,000 | |
net income attributable to powerschool holdings, inc. class a common stock: | ||||||||||||
basic | -19,558,000 | |||||||||||
diluted | -24,131,000 | |||||||||||
net income attributable to powerschool holdings, inc. per share of class a common stock, basic and diluted | -0.12 | |||||||||||
weighted-average shares of class a common stock: | ||||||||||||
basic | 165,037,089 | 162,957,390 | 158,664,189 | |||||||||
diluted | 202,691,148 | 162,957,390 | 198,592,661 | |||||||||
other comprehensive income, net of taxes: | ||||||||||||
foreign currency translation | -734 | 86 | ||||||||||
change in unrealized loss on investments | ||||||||||||
total other comprehensive income | -734 | 89 | -162 | -741 | 345 | 209 | 10 | -336 | -381,000 | |||
less: other comprehensive income attributable to non-controlling interest | -136 | |||||||||||
comprehensive loss attributable to powerschool holdings, inc. | -20,156 | -11,781 | -1,752 | -3,120 | -4,250 | |||||||
interest expense - net | 11,634,750 | 16,409,000 | 16,101,000 | 14,029,000 | ||||||||
other incomes (income) - net | 26,750 | 33,000 | 31,000 | 44,000 | ||||||||
income tax (benefit) expense | -1,311,000 | -3,475,000 | -1,724,000 | -45,000 | ||||||||
net income attributable to powerschool holdings, inc. per share of class a common stock - basic and diluted | -0.07 | |||||||||||
weighted-average shares of class a common stock - basic and diluted | 160,506,571 | |||||||||||
change in unrealized gain on investments | 3 | |||||||||||
less: comprehensive income attributable to non-controlling interest | 17 | -87.5 | -149 | 70 | 42 | |||||||
loss on extinguishment of debt | 12,905,000 | |||||||||||
other incomes (income) —net | -919,250 | -3,100,000 | -498,000 | |||||||||
net income attributable to the powerschool holdings, inc. per share of class a common stock - basic and diluted | -0.03 | -0.02 | -0.03 | -0.08 | -0.07 | -0.12 | ||||||
weighted-average shares of class a common stock outstanding - basic and diluted | 158,812,536 | 158,229,171 | 158,112,296 | 157,576,056 | 156,962,167 | |||||||
other comprehensive income —foreign currency translation | -436 | -741 | 345 | 209 | ||||||||
other income (expenses)—net | -78,000 | -10,000 | -403,000 | |||||||||
comprehensive income attributable to powerschool holdings, inc. | -11,946 | |||||||||||
service . | 9,492,750 | 14,482,000 | ||||||||||
license and other . | 386,750 | 618,000 | ||||||||||
other comprehensive income—foreign currency translation | 10 | -336 | -381,000 | |||||||||
other income—net | -376,000 | |||||||||||
comprehensive loss | -2,926,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||
current assets: | |||||||||||||
cash and cash equivalents | 20,678,000 | 17,425,000 | 39,054,000 | 322,831,000 | 28,394,000 | 64,273,000 | 137,471,000 | 108,873,000 | 15,445,000 | 23,585,000 | 86,479,000 | 91,013,000 | 22,533,000 |
accounts receivable | 89,393,000 | 61,121,000 | 76,618,000 | 54,296,000 | 102,402,000 | 56,559,000 | 45,007,000 | 48,403,000 | 85,056,000 | 57,349,000 | |||
prepaid expenses and other current assets | 45,797,000 | 51,609,000 | 40,449,000 | 37,840,000 | 39,563,000 | 44,011,000 | 36,886,000 | 36,889,000 | 35,207,000 | 42,196,000 | 38,423,000 | 41,271,000 | 32,060,000 |
total current assets | 155,868,000 | 130,155,000 | 156,121,000 | 495,292,000 | 146,039,000 | 153,851,000 | 228,653,000 | 248,164,000 | 107,211,000 | 110,788,000 | 173,305,000 | 217,340,000 | 111,942,000 |
property and equipment - net | 7,773,000 | 8,181,000 | 5,003,000 | 4,823,000 | 5,286,000 | 5,753,000 | 6,173,000 | 6,793,000 | 7,084,000 | 9,005,000 | 15,676,000 | 16,030,000 | 16,783,000 |
operating lease right-of-use assets | 12,892,000 | 15,900,000 | 15,998,000 | 18,399,000 | 7,173,000 | 7,987,000 | 8,877,000 | 9,962,000 | 9,255,000 | 14,411,000 | |||
capitalized product development costs - net | 113,661,000 | 112,810,000 | 112,089,000 | 109,564,000 | 107,930,000 | 104,209,000 | 100,861,000 | 98,338,000 | 92,526,000 | 85,052,000 | 80,611,000 | 76,573,000 | 70,868,000 |
goodwill | 2,768,966,000 | 2,770,971,000 | 2,740,725,000 | 2,492,649,000 | 2,487,235,000 | 2,487,024,000 | 2,487,007,000 | 2,486,423,000 | 2,487,004,000 | 2,473,591,000 | 2,454,692,000 | 2,447,357,000 | 2,446,869,000 |
intangible assets - net | 666,591,000 | 692,953,000 | 710,635,000 | 657,824,000 | 674,843,000 | 698,473,000 | 722,147,000 | 745,805,000 | 768,377,000 | 786,061,000 | 804,909,000 | 822,662,000 | 846,147,000 |
other assets | 35,491,000 | 35,897,000 | 36,311,000 | 32,131,000 | 32,657,000 | 31,809,000 | 29,677,000 | 28,562,000 | 31,004,000 | 28,790,000 | 27,489,000 | 27,731,000 | 37,433,000 |
total assets | 3,761,242,000 | 3,766,867,000 | 3,776,882,000 | 3,810,682,000 | 3,461,163,000 | 3,489,106,000 | 3,583,395,000 | 3,624,047,000 | 3,502,461,000 | 3,507,698,000 | 3,556,682,000 | 3,607,693,000 | |
liabilities and stockholders’ equity | |||||||||||||
current liabilities: | |||||||||||||
accounts payable | 14,200,000 | 12,686,000 | 13,629,000 | 9,019,000 | 5,652,000 | 6,319,000 | 5,878,000 | 6,509,000 | 6,766,000 | 5,453,000 | 12,449,000 | 10,280,000 | 14,678,000 |
accrued expenses | 128,094,000 | 110,858,000 | 116,271,000 | 102,464,000 | 98,399,000 | 93,871,000 | 84,270,000 | 73,255,000 | 65,595,000 | 66,782,000 | 71,167,000 | 65,471,000 | 59,553,000 |
operating lease liabilities, current | 3,398,000 | 3,837,000 | 4,958,000 | 4,271,000 | 4,503,000 | 4,567,000 | 5,263,000 | 6,419,000 | 7,094,000 | 8,212,000 | |||
deferred revenue, current | 206,482,000 | 275,461,000 | 373,672,000 | 407,956,000 | 185,781,000 | 236,068,000 | 310,536,000 | 363,754,000 | 172,992,000 | 222,150,000 | 294,276,000 | 344,547,000 | 169,972,000 |
revolving credit facility | 187,000,000 | 125,000,000 | 10,000,000 | 10,000,000 | 70,000,000 | 30,000,000 | 95,000,000 | ||||||
current portion of long-term debt | 8,379,000 | 8,379,000 | 8,379,000 | 8,797,000 | 7,750,000 | 7,750,000 | 7,750,000 | 7,750,000 | 7,750,000 | 7,750,000 | 7,750,000 | 7,750,000 | 8,450,000 |
total current liabilities | 547,553,000 | 536,221,000 | 516,909,000 | 542,507,000 | 312,085,000 | 348,575,000 | 413,697,000 | 457,687,000 | 330,197,000 | 340,347,000 | 385,642,000 | 428,048,000 | 347,653,000 |
noncurrent liabilities: | |||||||||||||
other liabilities | 1,142,000 | 1,902,000 | 2,178,000 | 2,152,000 | 2,121,000 | 2,097,000 | 2,099,000 | 2,315,000 | 2,326,000 | 2,339,000 | 7,423,000 | 7,500,000 | 7,650,000 |
operating lease liabilities—net of current | 12,784,000 | 13,461,000 | 13,359,000 | 8,053,000 | 9,241,000 | 9,284,000 | 6,805,000 | ||||||
deferred taxes | 268,953,000 | 276,629,000 | 275,316,000 | 268,171,000 | 270,799,000 | 273,355,000 | 281,314,000 | 294,682,000 | 297,584,000 | 300,644,000 | 295,959,000 | 301,456,000 | 17,195,000 |
tax receivable agreement liability | 375,647,000 | 375,647,000 | 396,397,000 | 392,671,000 | 392,671,000 | 392,671,000 | 410,361,000 | 397,679,000 | 400,022,000 | 400,022,000 | 404,394,000 | 403,799,000 | |
deferred revenue—net of current | 6,875,000 | 8,196,000 | 6,111,000 | 5,303,000 | 4,962,000 | 5,032,000 | 6,268,000 | 6,881,000 | 5,471,000 | 4,198,000 | |||
long-term debt | 809,669,000 | 810,497,000 | 811,325,000 | 822,744,000 | 726,211,000 | 727,414,000 | 728,624,000 | 729,818,000 | 731,013,000 | 732,215,000 | 733,425,000 | 734,620,000 | 1,475,474,000 |
total liabilities | 2,022,623,000 | 2,022,553,000 | 2,021,595,000 | 2,050,315,000 | 1,715,133,000 | 1,757,145,000 | 1,849,451,000 | 1,896,384,000 | 1,775,458,000 | 1,788,640,000 | 1,833,724,000 | 1,880,894,000 | 1,852,170,000 |
commitments and contingencies | |||||||||||||
accounts receivable - net of allowance of 7,331 and 4,712, respectively | 134,621,000 | ||||||||||||
liabilities and stockholders' equity | |||||||||||||
operating lease liabilities - net of current | 16,390,000 | 5,150,000 | 6,949,000 | ||||||||||
deferred revenue - net of current | 5,680,000 | 6,096,000 | 6,084,000 | ||||||||||
accounts receivable - net of allowance of 5,283 and 4,712, respectively | 78,082,000 | ||||||||||||
accounts receivable - net of allowance of 4,540 and 4,712, respectively | 45,567,000 | ||||||||||||
liabilities and stockholders'/members’ equity | |||||||||||||
stockholders'/members’ equity: | |||||||||||||
class a common stock, 0.0001 par value per share... | 16,000 | 16,000 | 16,000 | 16,000 | 16,000 | ||||||||
members’ investment | 1,858,019,000 | ||||||||||||
class b common stock, 0.0001 par value per share... | 4,000 | ||||||||||||
additional paid-in capital | 1,399,967,000 | ||||||||||||
accumulated other comprehensive income | -216,000 | 213,000 | |||||||||||
accumulated deficit | -165,026,000 | -180,360,000 | |||||||||||
total stockholders'/members’ equity attributable to powerschool holdings, inc. | 1,234,745,000 | ||||||||||||
total | 3,530,042,000 | ||||||||||||
liabilities and members’ equity | |||||||||||||
members’ equity: | |||||||||||||
total members’ equity | 1,677,872,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||
net income | -25,704,000 | -22,848,000 | -18,658,000 | -1,306,000 | -4,295,000 | -14,813,000 | -3,246,000 | -3,918,000 | -6,457,000 | -14,120,000 | -15,875,000 | -25,128,000 |
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||
depreciation and amortization | 36,048,000 | 36,429,000 | 34,660,000 | 32,343,000 | 31,872,000 | 31,792,000 | 31,100,000 | 30,812,000 | 30,372,000 | 29,935,000 | ||
share-based compensation | 19,013,000 | 14,155,000 | 14,243,000 | 14,861,000 | 17,494,000 | 14,549,000 | 12,167,000 | 12,490,000 | 14,060,000 | 11,550,000 | ||
amortization of operating lease right-of-use assets | 600,000 | 851,000 | 974,000 | 1,011,000 | 811,000 | 788,000 | ||||||
change in fair value of contingent consideration | -119,000 | 20,000 | ||||||||||
amortization of debt issuance costs | 1,488,000 | 1,487,000 | 1,470,000 | 984,000 | 885,000 | 876,000 | ||||||
(benefit from) benefit from allowance for doubtful accounts | 319,000 | -1,272,000 | ||||||||||
gain on lease modification | 2,328,000 | -37,000 | -1,000 | |||||||||
gain on sale/disposal of property and equipment | 315,000 | -816,000 | ||||||||||
changes in operating assets and liabilities — net of effects of acquisitions: | ||||||||||||
accounts receivables | -28,589,000 | 17,748,000 | 70,150,000 | -57,317,000 | -33,511,000 | 8,360,000 | 46,676,000 | -46,008,000 | -11,418,000 | 4,775,000 | 36,281,000 | -28,247,000 |
prepaid expenses and other current assets | 4,968,000 | -9,922,000 | -1,448,000 | 1,782,000 | 4,448,000 | -7,135,000 | 29,000 | -1,680,000 | 8,001,000 | -4,686,000 | 3,234,000 | -8,599,000 |
other assets | 185,000 | 191,000 | -2,183,000 | 381,000 | -994,000 | -2,283,000 | -1,266,000 | 2,289,000 | -2,365,000 | -1,450,000 | 91,000 | 8,868,000 |
accounts payable | 1,992,000 | -646,000 | 1,595,000 | 3,169,000 | -433,000 | 250,000 | -431,000 | -509,000 | 1,311,000 | -6,423,000 | 4,260,000 | -3,664,000 |
accrued expenses | 16,756,000 | -25,371,000 | 5,390,000 | 6,106,000 | 4,305,000 | -16,512,000 | 10,459,000 | 7,333,000 | 3,057,000 | -10,911,000 | 2,135,000 | -554,000 |
other liabilities | -1,795,000 | -1,654,000 | -1,429,000 | -940,000 | -1,485,000 | -1,737,000 | 3,942,000 | -3,073,000 | 1,349,000 | -6,566,000 | -79,000 | -149,000 |
deferred taxes | -5,481,000 | 4,533,000 | 3,251,000 | -3,714,000 | -2,340,000 | -494,000 | -14,762,000 | -2,086,000 | -3,315,000 | 4,894,000 | -3,458,000 | -2,514,000 |
tax receivable agreement liability | 622,000 | 323,000 | -3,014,000 | |||||||||
deferred revenue | -70,300,000 | -102,856,000 | -64,061,000 | 221,148,000 | -50,275,000 | -73,687,000 | -52,864,000 | 190,699,000 | -51,368,000 | -74,019,000 | -48,994,000 | 178,852,000 |
net cash from operating activities | -47,354,000 | -89,685,000 | 42,943,000 | 220,392,000 | -32,714,000 | -60,027,000 | 42,227,000 | 187,101,000 | -15,776,000 | -64,543,000 | 20,217,000 | 173,820,000 |
capital expenditures | -1,064,000 | -3,887,000 | -837,000 | -393,000 | -582,000 | -356,000 | -807,000 | -643,000 | -440,000 | -1,761,000 | -766,000 | -1,050,000 |
free cash flows | -48,418,000 | -93,572,000 | 42,106,000 | 219,999,000 | -33,296,000 | -60,383,000 | 41,420,000 | 186,458,000 | -16,216,000 | -66,304,000 | 19,451,000 | 172,770,000 |
cash flows from investing activities: | ||||||||||||
purchases of property and equipment | -1,064,000 | -3,887,000 | -837,000 | -393,000 | -582,000 | -356,000 | -807,000 | -643,000 | -440,000 | -1,761,000 | -766,000 | -1,050,000 |
proceeds from sale of property and equipment | 16,000 | |||||||||||
investment in capitalized product development costs | -9,114,000 | -8,956,000 | -9,807,000 | -8,766,000 | -10,272,000 | -9,676,000 | -8,175,000 | -12,358,000 | -12,007,000 | -8,920,000 | -7,642,000 | -9,141,000 |
acquisitions—net of cash acquired | 0 | -36,062,000 | -290,293,000 | 12,000 | 0 | -15,625,000 | -15,530,000 | -14,363,000 | -311,000 | |||
payment of acquisition-related deferred consideration | 0 | -5,800,000 | ||||||||||
net cash from investing activities | -9,339,000 | -54,705,000 | -300,921,000 | -22,676,000 | -10,854,000 | -10,032,000 | -8,970,000 | -13,001,000 | -29,464,000 | -26,211,000 | -22,771,000 | -10,610,000 |
cash flows from financing activities: | ||||||||||||
taxes paid related to the net share settlement of equity awards | -52,000 | -65,000 | -66,000 | -113,000 | -141,000 | -1,284,000 | -2,363,000 | |||||
proceeds from revolving credit agreement | 210,000,000 | 140,000,000 | 20,000,000 | 10,000,000 | 0 | 0 | 40,000,000 | 30,000,000 | 0 | 0 | ||
repayment of revolving credit agreement | -148,000,000 | -15,000,000 | -30,000,000 | 0 | 0 | |||||||
repayment of first lien debt | -2,095,000 | -2,095,000 | 0 | -2,199,000 | -1,937,000 | -1,938,000 | -1,937,000 | -1,938,000 | -1,937,000 | -1,938,000 | -1,937,000 | -1,938,000 |
payment of contingent consideration | 0 | -245,000 | ||||||||||
net cash from financing activities | 59,853,000 | 122,595,000 | -25,465,000 | 96,635,000 | 7,922,000 | -3,222,000 | -4,300,000 | -80,762,000 | 38,063,000 | 27,767,000 | -1,939,000 | -94,026,000 |
effect of foreign exchange rate changes on cash | 93,000 | 166,000 | -333,000 | 86,000 | -234,000 | 73,000 | -359,000 | 90,000 | -964,000 | 92,000 | -41,000 | -704,000 |
net decrease in cash, cash equivalents, and restricted cash | 3,253,000 | -21,629,000 | 294,437,000 | -35,880,000 | -73,208,000 | -8,141,000 | -62,895,000 | |||||
cash, cash equivalents, and restricted cash—beginning of period | 0 | 39,554,000 | -1,000 | 0 | 1,000 | 137,981,000 | 0 | 0 | 0 | 86,991,000 | 0 | 0 |
cash, cash equivalents, and restricted cash—end of period | 3,253,000 | 17,925,000 | -283,777,000 | 294,437,000 | -35,879,000 | 64,773,000 | 28,598,000 | 93,428,000 | -8,141,000 | 24,096,000 | -4,534,000 | 68,480,000 |
supplemental disclosures of cash flow information: | ||||||||||||
cash paid for interest | 20,641,000 | 19,129,000 | 18,138,000 | 4,248,000 | 10,528,000 | 7,989,000 | 6,183,000 | 6,664,000 | 13,129,000 | |||
cash paid for income taxes | 529,000 | 890,000 | 1,079,000 | 517,000 | 480,000 | 391,000 | 715,000 | 1,053,000 | -1,599,000 | |||
supplemental disclosures of noncash investing and financing activities: | ||||||||||||
property and equipment additions in accounts payable and accrued expenses | ||||||||||||
capitalized interest related to investment in capitalized product development costs | 464,000 | 374,000 | 658,000 | 439,000 | 254,000 | 182,000 | 61,000 | 136,000 | 102,000 | |||
reconciliation of cash, cash equivalents, and restricted cash | ||||||||||||
cash and cash equivalents | 3,253,000 | 17,425,000 | -283,777,000 | 28,598,000 | 93,428,000 | -8,140,000 | 23,585,000 | -4,534,000 | 68,480,000 | |||
restricted cash, included in other current assets | 0 | 500,000 | 0 | 0 | 0 | -1,000 | 511,000 | 0 | 0 | |||
total cash, cash equivalents, and restricted cash | 3,253,000 | 17,925,000 | -283,777,000 | 28,598,000 | 93,428,000 | -8,141,000 | 24,096,000 | -4,534,000 | 68,480,000 | |||
property and equipment additions in accounts payable and accrued liabilities | 507,000 | 207,000 | -200,000 | 238,000 | 21,000 | 67,000 | 531,000 | 50,000 | ||||
loss on modification and extinguishment of debt | ||||||||||||
change in fair value of acquisition-related contingent consideration | 0 | 362,000 | -185,000 | -450,000 | 700,000 | 340,000 | ||||||
benefit from allowance for doubtful accounts | 1,831,000 | 1,342,000 | 995,000 | 369,000 | 992,000 | 389,000 | ||||||
write off of right-of-use assets and disposal of property and equipment | ||||||||||||
purchase of internal use software | 0 | |||||||||||
payment of acquisition-related contingent consideration | 0 | |||||||||||
proceeds from first lien debt amendment | 0 | |||||||||||
proceeds from bridge loan | 0 | 0 | ||||||||||
repayment of bridge loan | 0 | |||||||||||
repayment of second lien debt | 0 | |||||||||||
repayment of incremental facility | 0 | -68,425,000 | ||||||||||
payments for repurchase of management incentive units | 0 | 0 | ||||||||||
payments of deferred offering costs | 0 | 0 | 0 | -295,000 | 0 | -9,098,000 | ||||||
payment of debt issuance costs | -15,399,000 | 0 | -723,000 | |||||||||
repayment of capital leases | -2,000 | 83,000 | ||||||||||
proceeds from initial public offering | 0 | |||||||||||
net increase in cash, cash equivalents, and restricted cash | 28,598,000 | -4,534,000 | ||||||||||
write-off of right-of-use assets and disposal of property and equipment | ||||||||||||
loss on lease modification | 1,000 | 52,000 | ||||||||||
write-off of right-of-use assets and property and equipment | ||||||||||||
disposal of property and equipment | 48,000 | |||||||||||
loss on extinguishment of debt | 0 | |||||||||||
other | 9,483,000 | 412,000 | -1,674,000 | 2,478,000 | ||||||||
purchase of capital lease | ||||||||||||
partial payment of acquisition-related contingent consideration | 0 | |||||||||||
depreciation of property and equipment | 1,531,000 | 1,671,000 | ||||||||||
amortization of intangible assets | 23,153,000 | 23,476,000 | ||||||||||
amortization of capitalized product development costs | 4,299,000 | 4,035,000 | ||||||||||
loss on disposal/retirement of property and equipment | 70,000 | 23,000 | ||||||||||
equity-based compensation | ||||||||||||
amortization of debt issuance costs and discount | 895,000 | 1,738,000 | ||||||||||
proceeds from incremental facility, net of issuance costs | ||||||||||||
proceeds from members’ investment | ||||||||||||
non-cash investing and financing activities: | ||||||||||||
management incentive unit-based compensation | 10,718,000 |