v3.23.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:        
Net loss $ (70,800) $ (30,268)    
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:        
Depreciation and amortization 20,154 16,494    
Provision for credit losses 168 (113)    
Stock-based compensation expense 8,646 14,734    
Gain on sale of energy group (2,572)      
Change in fair value of contingent consideration 1,468 (23,076)    
Change in deferred taxes (2,858) (2,078)    
Amortization of debt issuance costs 649 902    
Amortization of right-of-use assets 1,127 632    
Imputed non-cash interest (income) expense (108) 176    
Changes in assets and liabilities:        
Accounts receivable 14,052 370    
Expenditures billable to clients (2,108) 3,395    
Prepaid expenses and other assets 1,224 (4,290)    
Other assets (1,300) (4,568)    
Accounts payable 2,405 (15,298)    
Deferred revenue (913) 895    
Accrued media payments (17,718) 20,136    
Client advances (1,567) 2,240    
Other accrued liabilities 4,714 (3,177)    
Other liabilities (2,774) (1,736)    
Net cash used in operating activities (48,111) (24,630) $ 3,737 $ 7,234
Cash flows from investing activities:        
Minority investment   (2,750)    
Proceeds from divestiture 504      
Capital expenditures (4,054) (3,777)    
Acquisitions, net of cash acquired (50,195) (4,589)    
Net cash used in investing activities (53,745) (11,116)    
Cash flows from financing activities:        
Payment of contingent consideration (7,772) (14,376)    
Taxes paid related to net share settlement of equity awards (1,088) (9,726)    
Proceeds from issuances of stock under employee stock plans, net 1,063 1,199    
Settlement of deferred consideration for acquisitions (2,690)      
Net cash used in financing activities (10,487) (22,903)    
Net decrease in cash and cash equivalents and restricted cash (112,343) (58,649)    
Cash and cash equivalents and restricted cash, beginning of period 185,282 255,577 255,577  
Cash and cash equivalents and restricted cash, end of period 72,939 196,928 $ 185,282 $ 255,577
Non-cash investing and financing activities:        
Fair value of shares issued for acquisition of businesses and earn-out consideration 756 8,369    
Stock-based compensation capitalized for software development 289 155    
Lease liabilities arising from right-of-use assets 1,436 $ 4,501    
Fair value of shares received for consideration of energy group sale $ 2,021      

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