v3.25.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 48,128 $ 19,746
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 45,282 42,696
Deferred taxes (6,798) 503
Non-cash equity-based compensation 33,509 26,126
Loss on impairment of long-term investment 5,000 0
Bad debt expense 960 (1,772)
Unrealized gain on investments, net (31,288) (131)
Changes in operating assets and liabilities:    
Accounts receivable (55,674) (3,879)
Prepaid expenses and other current and non-current assets 22,757 (25,299)
Accounts payable and other current and non-current liabilities (14,587) (16,899)
Contributor royalties payable 9,780 10,688
Deferred revenue (4,986) (15,514)
Net cash provided by operating activities 52,083 36,265
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (22,120) (23,536)
Business combination, net of cash acquired 0 (19,474)
Cash received related to Giphy Retention Compensation 861 36,522
Acquisition of content (4,978) (1,821)
Security deposit payment 38 82
Net cash used in investing activities (26,199) (8,227)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repurchase of treasury shares 0 (20,592)
Cash paid related to settlement of employee taxes related to RSU vesting (5,012) (8,859)
Payment of cash dividends (23,124) (21,327)
Repayment of credit facility (1,563) 0
Net cash used in financing activities (29,699) (50,778)
Effect of foreign exchange rate changes on cash 8,974 (2,879)
Net increase / (decrease) in cash and cash equivalents 5,159 (25,619)
Cash and cash equivalents, beginning of period 111,251 100,490
Cash and cash equivalents, end of period 116,410 74,871
Supplemental Disclosure of Cash Information:    
Cash paid for income taxes 14,689 12,560
Cash paid for interest $ 8,465 $ 1,005