General form of registration statement for all companies including face-amount certificate companies

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 5 Months Ended 7 Months Ended 12 Months Ended
Jan. 31, 2021
Aug. 27, 2020
Jan. 31, 2020
Jan. 31, 2019
SOFTWARE LUXEMBOURG HOLDING S.A. (SUCCESSOR) AND POINTWELL LIMITED (PREDECESSOR)        
Cash flows from operating activities:        
Net (loss) income $ (93,722,000) $ 2,764,012,000 $ (849,205,000) $ (399,839,000)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:        
Share-based compensation     83,000 175,000
Depreciation 3,604,000 5,864,000 9,716,000 12,666,000
Amortization of intangible assets 39,824,000 34,378,000 96,359,000 151,752,000
Change in bad debt reserve 294,000 24,000 (42,000) 184,000
Deferred income tax (benefit) provision (23,140,000) 66,234,000 5,759,000 (415,000)
Non-cash interest expense 671,000 2,407,000 5,687,000 5,555,000
Impairment of goodwill and intangible assets   332,376,000 440,598,000 16,094,000
Non-cash reorganization items, net   (3,353,326,000)    
Impairment of note receivable       3,181,000
Impairment of note receivable from related parties     5,367,000  
Fair value adjustment on warrants (2,900,000)      
Unrealized loss on derivative instruments   5,000 4,062,000 2,284,000
Loss on disposition of assets 137,000   104,000 366,000
Right-of-use assets 2,690,000 1,594,000    
Changes in current assets and liabilities:        
Purchase of derivative instruments       (2,418,000)
Accounts receivable (103,385,000) 116,478,000 23,678,000 13,310,000
Prepaid expenses and other assets (6,394,000) 66,000 (2,547,000) (1,707,000)
Accounts payable (31,000) (7,909,000) (6,581,000) 6,279,000
Accrued expenses and non-current liabilities 21,190,000 145,811,000 250,694,000 221,496,000
Lease liability (3,272,000) (2,332,000)    
Deferred revenue 172,614,000 (101,765,000) (21,145,000) (18,904,000)
Net cash used in operating activities 8,180,000 3,917,000 (37,413,000) 10,059,000
Cash flows from investing activities:        
Purchases of property and equipment (2,326,000) (3,105,000) (10,353,000) (14,142,000)
Internal use software development costs (2,126,000) (3,819,000) (7,047,000) (8,410,000)
Net cash provided by investing activities (4,452,000) (6,924,000) (17,400,000) (22,552,000)
Cash flows from financing activities:        
Borrowings under DIP Facility   60,000,000    
Borrowings under Exit Facility   50,000,000    
Debt issuance costs associated with DIP and Exit Facilities   (19,524,000)    
Distribution to parent company       (2,771,000)
Principal repayments of capital lease obligations (414,000) (532,000) (756,000)  
Repayments of accounts receivable facility, net of borrowings 32,049,000 35,787,000 (9,798,000) (61,942,000)
Borrowings under revolving line of credit, net of repayments   19,500,000 55,400,000 (26,600,000)
Principal payments on First and Second Lien Term Loans     (6,641,000) (4,938,000)
Net cash provided by financing activities (32,463,000) 73,657,000 57,801,000 27,633,000
Effect of exchange rate changes on cash and cash equivalents 863,000 (2,139,000) 348,000 (535,000)
Net Change in Cash (27,872,000) 68,511,000 3,336,000 14,605,000
Cash, cash equivalents and restricted cash, beginning of period 102,315,000 33,804,000 30,468,000 15,863,000
Cash, cash equivalents and restricted cash, end of period 74,443,000 102,315,000 33,804,000 30,468,000
Supplemental disclosure of cash flow information:        
Cash and cash equivalents 71,479,000 92,009,000 18,799,000 15,584,000
Restricted cash 2,964,000 10,306,000 15,005,000 14,884,000
Cash, cash equivalents and restricted cash, end of period 74,443,000 102,315,000 33,804,000 30,468,000
Supplemental disclosure of cash flow information and non-cash investing and financing activities:        
Cash paid for interest 18,908,000   175,748,000 167,670,000
Cash paid for income taxes, net of refunds 2,336,000 913,000 (2,069,000) 3,421,000
Unpaid capital expenditures 166,000 1,039,000 $ 170,000 889,000
Note issued to parent entity for paid in kind interest   160,000,000   $ 50,000,000
Lease liabilities arising from right-of-use assets and tenant improvements recognized upon adoption of new accounting standard   $ 19,415,000    
Modification of warrants and Class B common stock $ 7,400,000