v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income $ 29,218 $ 15,950
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 329 12
Change in fair value of warrant liability 2,106 0
Stock-based compensation 318 209
Changes in operating assets and liabilities:    
Accounts receivable 2,606 1,064
Prepaid expenses and other current assets 84 8
Deferred tax asset, non current 2,582 0
Accrued expenses 1,799 (783)
Accounts payable 11,461 3,145
Accounts payable - related parties (87) (65)
Other liabilities 355 (13)
Accrued income taxes 8,940 324
Net cash provided by operating activities 59,711 19,851
Cash flows from investing activities:    
Purchase of fund investment (550) 0
Proceeds from fund investment 0 127
Net cash provided by (used in) investing activities (550) 127
Cash flows from financing activities:    
Redemption of Preferred shares (19,890) (7,222)
Net cash used in financing activities (19,890) (7,222)
Net increase in cash and cash equivalents 39,271 12,756
Cash and cash equivalents - beginning 41,169 13,678
Cash and cash equivalents - ending 80,440 26,434
Supplemental disclosures of cash flow information:    
Changes in accounts receivable, adoption of ASC-606 (see NOTE 1) (2,606) (1,064)
Series A-1 preferred shares    
Supplemental disclosures of cash flow information:    
Accretion of series A-1 preferred stock to redemption value 925 0
Accounting Standards Update 2014-09    
Changes in operating assets and liabilities:    
Accounts receivable (2,550) 0
Supplemental disclosures of cash flow information:    
Changes in accounts receivable, adoption of ASC-606 (see NOTE 1) $ 2,550 $ 0

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