Annual report pursuant to Section 13 and 15(d)

PARENT COMPANY INFORMATION - Condensed Statement of Cash Flows (Details)

v3.22.4
PARENT COMPANY INFORMATION - Condensed Statement of Cash Flows (Details) - USD ($)
$ in Thousands
 2 Months Ended 3 Months Ended 6 Months Ended 9 Months Ended 10 Months Ended 12 Months Ended
Dec. 31, 2021
Dec. 31, 2021
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2022
Sep. 30, 2022
Nov. 08, 2021
Dec. 31, 2022
Dec. 31, 2020
Cash flows from operating activities:                    
Net income (loss) $ (682,149) $ (682,149) $ 106,227 $ 8,927 $ 36,963 $ 45,890 $ 152,117 $ 20,629 $ 91,758 $ 24,249
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:                    
Founders advisory fees - related party (change in accounting fair value) 0         (80,313) (154,026) 0 (117,302) 0
Interest and payment-in-kind on preferred shares 944         3,268 4,903 0 6,537 0
Share-based compensation 4,821       4,963 8,396 7,551 156 14,649 0
Share-based compensation - Founders advisory fees - related party (equity settled) 287,200             0 0 0
Changes in operating assets and liabilities, net of acquisitions:                    
Intercompany receivable 27,977         (44,477) (63,838) (28,872) (6,190) 11,734
Prepaid expenses and other current assets (5,230)         7,301 9,058 (9,426) 1,922 (9,948)
Accounts payable 8,194         15,834 4,975 10,108 9,696 (9,608)
Accrued expenses and other current liabilities 436         2,789 15,547 146 (647) (5,572)
Net cash (used in) provided by operating activities 4,359         (89,351) (43,184) 67,991 (40,172) 70,826
Cash flows from investing activities:                    
Purchase of property and equipment (1,468)         (4,006) (6,024) (8,282) (8,613) (7,497)
Investment in subsidiaries (1,209,155)             0 0 0
Net cash used in investing activities (1,210,623)         (5,644) (7,662) (15,746) (10,251) (9,467)
Cash flows from financing activities:                    
Ordinary shares repurchased 0         (5,008) (7,572) 0 (49,341) 0
Proceeds from exercise of warrants 0         529 529 0 529 0
Net cash used in financing activities (697,221)         (4,479) (7,043) (64,210) (48,812) (45,610)
Net change in cash and cash equivalents (1,904,223)         (100,052) (59,298) (11,530) (98,804) 12,656
Cash and cash equivalents, beginning of period 10,948 2,129,777 125,502   225,554 225,554 225,554 22,478 225,554 9,822
Cash and cash equivalents, end of period 225,554 225,554 $ 166,256 $ 125,502   125,502 166,256 10,948 126,750 22,478
Non-cash investing and financing activities:                    
Liability portion of founders advisory fees - related party reclassified to additional paid in capital 0         13,783 13,783 0 19,568 0
Redeemable preferred shares issued as consideration for business combination 100,000             0 0 0
Management Subscribers rollover contribution 11,048             $ 0 0 $ 0
Parent Company                    
Cash flows from operating activities:                    
Net income (loss) (680,457)               91,758  
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:                    
Founders advisory fees - related party (change in accounting fair value) 0               (117,302)  
Equity in earnings of subsidiaries 24,279               1,806  
Interest and payment-in-kind on preferred shares 944               5,229  
Share-based compensation 1,182               285  
Share-based compensation - Founders advisory fees - related party (equity settled) 287,200               0  
Changes in operating assets and liabilities, net of acquisitions:                    
Intercompany receivable (14,325)               766  
Prepaid expenses and other current assets (8,195)               4,496  
Accounts payable 455               3,090  
Accrued expenses and other current liabilities 889               1,729  
Founders advisory fees - related party (cash settled) 365,789               (53,547)  
Net cash (used in) provided by operating activities (22,239)               (61,690)  
Cash flows from investing activities:                    
Purchase of property and equipment 0               (124)  
Investment in subsidiaries (1,209,155)               (71,638)  
Intercompany note receivable (20,000)               20,000  
Net cash used in investing activities (1,229,155)               (51,762)  
Cash flows from financing activities:                    
Ordinary shares repurchased 0               (44,333)  
Proceeds from exercise of warrants 0               529  
Net cash used in financing activities 2,000               (43,804)  
Net change in cash and cash equivalents (1,249,394)               (157,256)  
Cash and cash equivalents, beginning of period   1,465,807     $ 216,413 $ 216,413 $ 216,413   216,413  
Cash and cash equivalents, end of period 216,413 $ 216,413             59,157  
Non-cash investing and financing activities:                    
Liability portion of founders advisory fees - related party reclassified to additional paid in capital 0               19,568  
Redeemable preferred shares issued as consideration for business combination 100,000               0  
Management Subscribers rollover contribution 11,048               0  
Parent Company | Director Subscribers                    
Cash flows from financing activities:                    
Sale of Ordinary Shares issued to Director Subscribers $ 2,000               $ 0