In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 |
| 8-K | 10-K | 10-K |
CASH FLOWS FROM OPERATING ACTIVITIES | | | |
Net income (loss) | -111.3 | -338.1 | -14.0 |
|
Adjustments to reconcile net income (loss) to net cash from (used in) operating activities: | | | |
Depreciation and amortization | 13.3 | 5.8 | 4.8 |
Amortization of investment premiums, net of accretion of discounts | | 1.4 | |
Stock-based compensation, net of amounts capitalized | | 100.6 | 2.5 |
Change in fair value of warrants liability | | 48.4 | |
Change in fair value of contingent earn-out liability | | 188.8 | |
Deferred income taxes | 0.1 | -0.4 | |
Allowance for doubtful accounts | 1.2 | 0.2 | 0.8 |
Other | | -0.1 | 0.0 |
Changes in operating assets and liabilities, net of effects of businesses acquired: | | | |
Accounts receivable | -9.6 | -7.2 | -3.3 |
Inventories | -6.5 | -1.9 | -1.7 |
Prepaid expenses and other assets | 0.1 | -7.8 | -1.1 |
Accounts payable | -5.2 | 8.8 | 0.6 |
Deferred revenue | | 7.6 | 2.5 |
Accrued expenses and other liabilities | | 2.4 | 4.1 |
Net cash used in operating activities | -118.6 | -38.8 | -3.6 |
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CASH FLOWS FROM INVESTING ACTIVITIES: | | | |
Purchases of property and equipment | | -0.8 | 0.0 |
Capitalized software and development costs | | -7.2 | -4.9 |
Purchase of investments | -137.6 | -532.6 | |
Maturities of investments | 299.0 | | |
Business acquisitions, net of cash acquired | -51.9 | | |
Net cash provided by (used in) investing activities | 95.2 | -541.8 | -4.9 |
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CASH FLOW FROM FINANCING ACTIVITIES: | | | |
Proceeds from exercise of warrants | | 76.6 | |
Net cash provided by (used in) financing activities | 0.3 | 668.4 | 50.5 |
Net change in cash, cash equivalents, and restricted cash | | 87.8 | 42.0 |
Effect of exchange rate changes on cash | | -0.1 | 0.1 |
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Supplemental disclosures of non-cash investing and financing information | | | |