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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net loss $ (263,738) $ (42,831)
Adjustments to reconcile net loss to net cash flows from operating activities:    
Loss (Gain) on disposal of property and equipment 23 (30)
Amortization and depreciation 4,026 4,958
Amortization of debt issuance costs 2,378 1,018
Bad debt reserve (2,366) 3,143
Loss on change in fair value of warrant liabilities 436
Loss on change in fair value of forward purchase option derivative 76,919
Gain on change in fair value of earn-out liabilities (67,100)
Excess fair value over the consideration received for SAFE 800
SEPA commitment fee settled in Class A Common Stock 892
Equity-based compensation 88,546 486
Phantom unit expense 6,783 2,907
Deferred compensation expense 1,250
Gain on forgiveness of debt (10,900)
Deferred income taxes 41 (1,006)
Change in operating assets and liabilities:    
Accounts receivable 13,636 5,774
Contract assets 5,821 11,819
Prepaid expenses 5,528 1,842
Other current assets (131) (328)
Operating right-of-use assets 801 633
Other noncurrent assets (355) 67
Accounts payable 10,967 11,773
Accrued expenses 52,450 5,816
Contract liabilities (142) (399)
Operating lease liabilities (1,273) (996)
Other liabilities 150 148
Net Cash used in Operating Activities (112,918) (45,110)
Cash flows from investing activities:    
Property and equipment purchases (1,150) (1,294)
Forward purchase option derivative purchase (68,715)
Intangible asset purchases (50)
Net Cash used in Investing Activities (69,865) (1,344)
Cash flows from financing activities:    
Net borrowings(payments) on line of credit 179 (4,373)
Proceeds from long-term debt 22,254
Repayments of long-term debt (4,500) (1,500)
Financing costs paid (2,000) (800)
Warrants exercised (32,490)
Proceeds from SAFE 8,000
Proceeds from the Mergers 196,778
Equity issuance costs (21,827)
Net Cash provided by Financing Activities 176,630 48,071
Net change in cash (6,153) 1,617
Cash at the beginning of the period 10,617 6,021
Cash at the end of the period 4,464 7,638
Supplemental disclosures of cash flow information:    
Cash paid for interest 9,023 6,119
Supplemental disclosures of non-cash investing and financing activities:    
Exchange of warrant liability for Class A and Class V Common Stock 1,716
Conversion of SAFE for Class V Common Stock 8,000
Establishment of earn-out liabilities 74,100
Equity issuance costs accrued but not paid $ 44,235