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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Activities    
Net income (loss) $ (112.2) $ (197.1)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 42.2 47.2
Stock-based compensation 63.8 83.9
Equity in loss of unconsolidated entity 1.2 2.2
Change in acquisition related contingent consideration 0.9 0.6
Bad debt expense 0.9 2.8
Amortization of debt issuance costs 0.4 0.4
Changes in operating assets and liabilities:    
Accounts receivable (19.3) (24.1)
Compass Concierge receivables (9.4) 5.9
Other current assets 12.4 12.4
Other non-current assets 4.3 9.4
Operating lease right-of-use assets and operating lease liabilities (8.1) 9.5
Accounts payable (1.2) (4.9)
Commissions payable 46.2 49.0
Accrued expenses and other liabilities 31.5 0.6
Net cash provided by (used in) operating activities 53.6 (2.2) Close
Investing Activities    
Investment in unconsolidated entity (1.2) 0.0
Capital expenditures (7.3) (6.1)
Payments for acquisitions, net of cash acquired (18.0) 0.0
Net cash used in investing activities (26.5) (6.1) Close
Financing Activities    
Proceeds from exercise of stock options 4.8 2.9
Proceeds from issuance of common stock under Employee Stock Purchase Plan 1.1 1.4
Taxes paid related to net share settlement of equity awards (14.1) (10.3)
Payments related to acquisitions, including contingent consideration (2.5) (10.2)
Other 0.0 (0.5)
Net cash used in financing activities (8.2) (18.2) Close
Net increase (decrease) in cash and cash equivalents 18.9 (26.5) Close
Cash and cash equivalents at beginning of period 166.9 361.9
Cash and cash equivalents at end of period 185.8 335.4
Supplemental disclosures of cash flow information:    
Cash paid for interest 1.8 6.4
Supplemental non-cash information:    
Issuance of common stock for acquisitions 22.5 8.2
Concierge credit facility    
Financing Activities    
Proceeds from drawdowns on credit facility 23.6 29.3
Repayments of drawdowns on credit facility (21.1) (30.8)
Revolving credit facility    
Financing Activities    
Proceeds from drawdowns on credit facility 0.0 75.0
Repayments of drawdowns on credit facility $ 0.0 $ (75.0)