v3.22.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:        
Net loss $ (28,441) $ (30,567)    
Adjustments to reconcile net loss to net cash provided by operating activities:        
Depreciation and amortization 4,891 1,253    
Loss on disposal of fixed assets   1,894    
Provision for doubtful accounts 194 5    
Loss on sublease   1,211    
Stock-based compensation expense 4,847 21,610    
Change in fair value of contingent consideration 11,641      
Change in deferred taxes (426)      
Amortization of debt issuance costs 299      
Changes in assets and liabilities:        
Accounts receivable 18,982 (7,439)    
Expenditures billable to clients 7,487 2,236    
Prepaid expenses and other assets (18) 1,507    
Other assets (895)      
Accounts payable (8,384) 3,554    
Accrued media payments 8,770 9,517    
Client advances (2,593) 1,825    
Other accrued liabilities (6,104) (103)    
Other liabilities (116) (294)    
Net cash provided by operating activities 10,134 6,209 $ 7,234 $ 1,433
Cash flows from investing activities:        
Minority investment (2,000)      
Capital expenditures (735) (100)    
Acquisitions, net of cash acquired (1,319)      
Net cash used in investing activities (4,054) (100)    
Cash flows from financing activities:        
Payment of contingent considerations (14,376)      
Taxes paid related to net share settlement of equity awards (9,441)      
Proceeds from the exercise of warrants   2,279    
Proceeds from issuances of stock under employee stock plans, net 569 4,254    
Net cash (used in) provided by financing activities (23,248) 6,533    
Net (decrease) increase in cash and cash equivalents and restricted cash (17,168) 12,642    
Cash and cash equivalents and restricted cash, beginning of period 255,577 115,672 115,672  
Cash and cash equivalents and restricted cash, end of period 238,409 $ 128,314 $ 255,577 $ 115,672
Non-cash activities:        
Shares issued for acquisition of businesses and earn-out consideration 8,369      
Lease liabilities arising from right-of-use assets $ 4,501      

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