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System1, Inc. (TREB)

Cash Flow Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19
   10-KS-1/AS-1/A
Cash flows from Operating Activities:     
    Net loss  21.080.133.0
    Adjustments to reconcile net loss to net cash used in operating activities:     
        Change in fair value of warrants  -23.7  
        Changes in operating assets and liabilities:     
            Accrued expenses and other liabilities  11.9  
                Net cash provided by (used in) operating activities  -1.246.532.7
   
Cash flows from Investing Activities:     
        Net cash used in investing activities   136.6-85.4
   
Cash flows from Financing Activities:     
    Proceeds from related-party loan  0.5  
        Net cash used in financing activities  0.5-128.126.1
   
Reconciliation of cash, cash equivalents and restricted cash to the Condensed Consolidated Balance Sheets:     
    Cash and cash equivalents     
    Restricted cash     
    Supplemental cash flow information:     
        Cash paid for operating lease liabilities     
        ROU assets obtained in exchange for operating lease liabilities     
        Capitalized assets financed by accounts payable     
        Stock-based compensation included in capitalized software development costs     
        Settlement of incentive plan through issuance of common stock     
        Equity issuance to settle intercompany loan     
        Deferred consideration for acquisition     

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