2022 Q1 Form 10-K Financial Statement

#000095017022003480 Filed on March 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021
Revenue $71.20M $69.27M $248.4M
YoY Change 28.96% 33.6%
Cost Of Revenue $27.81M $28.75M $100.1M
YoY Change 23.37% 19.5%
Gross Profit $43.40M $40.52M $148.3M
YoY Change 32.82% 45.16%
Gross Profit Margin 60.95% 58.5% 59.71%
Selling, General & Admin $35.93M $70.08M $159.8M
YoY Change 29.82% 53.16%
% of Gross Profit 82.79% 172.97% 107.71%
Research & Development $20.07M $21.92M $65.15M
YoY Change 44.06% 46.4%
% of Gross Profit 46.25% 54.1% 43.92%
Depreciation & Amortization $7.718M $8.404M $30.74M
YoY Change 9.06% -38.81% 11.72%
% of Gross Profit 17.79% 20.74% 20.72%
Operating Expenses $63.72M $100.4M $257.1M
YoY Change 30.88% 45.03%
Operating Profit -$20.32M -$59.89M -$108.7M
YoY Change 26.92% 44.84%
Interest Expense $4.977M -$16.23M $20.11M
YoY Change -0.96% 0.14%
% of Operating Profit
Other Income/Expense, Net -$4.757M -$95.58M
YoY Change -91.18% 268.42%
Pretax Income -$25.08M -$76.96M -$204.3M
YoY Change -64.15% 102.26%
Income Tax $69.00K -$4.863M -$4.660M
% Of Pretax Income
Net Earnings -$25.15M -$72.10M -$199.6M
YoY Change -64.09% 97.19%
Net Earnings / Revenue -35.32% -104.09% -80.37%
Basic Earnings Per Share -$0.13 -$2.64
Diluted Earnings Per Share -$127.6K -$411.0K -$2.347M
COMMON SHARES
Basic Shares Outstanding 196.8M 196.2M 85.06M
Diluted Shares Outstanding 197.0M 85.06M

Balance Sheet

Concept 2022 Q1 2021 Q4 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $523.6M $562.8M $562.8M
YoY Change 127.86% 122.93%
Cash & Equivalents $294.9M $562.8M $562.8M
Short-Term Investments $228.7M
Other Short-Term Assets $945.8M $1.253B $1.253B
YoY Change 76.6% 756.49%
Inventory
Prepaid Expenses
Receivables $34.21M $30.97M $30.97M
Other Receivables $12.78M $11.52M $11.52M
Total Short-Term Assets $1.516B $1.858B $1.858B
YoY Change 89.9% 329.75% 329.75%
LONG-TERM ASSETS
Property, Plant & Equipment $105.6M $106.2M $109.5M
YoY Change 19.64% 22.28% 21.66%
Goodwill $165.9M $165.9M
YoY Change 56.98%
Intangibles $106.0M $100.5M
YoY Change 38.67%
Long-Term Investments
YoY Change
Other Assets $4.297M $4.261M $32.54M
YoY Change -85.3% 121.7% 24.92%
Total Long-Term Assets $415.2M $408.4M $408.4M
YoY Change 41.11% 38.83% 38.83%
TOTAL ASSETS
Total Short-Term Assets $1.516B $1.858B $1.858B
Total Long-Term Assets $415.2M $408.4M $408.4M
Total Assets $1.932B $2.266B $2.266B
YoY Change 76.76% 211.94% 211.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.51M $17.14M $17.14M
YoY Change -5.06% -32.56% -32.56%
Accrued Expenses $51.49M $56.08M $57.13M
YoY Change 7.12% 38.57% 37.27%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $4.800M $4.800M $5.470M
YoY Change 132.87% 380.0% 161.48%
Total Short-Term Liabilities $1.016B $1.332B $1.332B
YoY Change 69.85% 525.33% 525.33%
LONG-TERM LIABILITIES
Long-Term Debt $121.4M $119.9M $181.1M
YoY Change -29.9% 21.77% 5.52%
Other Long-Term Liabilities $2.630M $6.022M $29.89M
YoY Change -86.36% -59.69% 46.88%
Total Long-Term Liabilities $124.0M $125.9M $210.9M
YoY Change -35.56% 11.04% 9.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.016B $1.332B $1.332B
Total Long-Term Liabilities $124.0M $125.9M $210.9M
Total Liabilities $1.227B $1.543B $1.543B
YoY Change 55.15% 281.06% 281.06%
SHAREHOLDERS EQUITY
Retained Earnings -$897.7M -$871.9M
YoY Change 29.7%
Common Stock $198.0K $197.0K
YoY Change 294.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $704.9M $723.1M $723.1M
YoY Change
Total Liabilities & Shareholders Equity $1.932B $2.266B $2.266B
YoY Change 76.76% 211.94% 211.94%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021
OPERATING ACTIVITIES
Net Income -$25.15M -$72.10M -$199.6M
YoY Change -64.09% 97.19%
Depreciation, Depletion And Amortization $7.718M $8.404M $30.74M
YoY Change 9.06% -38.81% 11.72%
Cash From Operating Activities -$25.31M -$27.35M -$68.67M
YoY Change 26.93% 56.19% 55.61%
INVESTING ACTIVITIES
Capital Expenditures -$13.04M -$18.85M -$32.38M
YoY Change 229.42% 198.88% 168.69%
Acquisitions $46.09M
YoY Change 132.43%
Other Investing Activities -$230.6M -$1.014M -$51.73M
YoY Change 165818.28% -95.88% 111.06%
Cash From Investing Activities -$243.7M -$19.87M -$84.11M
YoY Change 5846.46% -35.79% 130.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $173.0K
YoY Change -67.96%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -309.3M 830.7M 1.568B
YoY Change -179.54% 1862.52% 709.03%
NET CHANGE
Cash From Operating Activities -25.31M -27.35M -68.67M
Cash From Investing Activities -243.7M -19.87M -84.11M
Cash From Financing Activities -309.3M 830.7M 1.568B
Net Change In Cash -578.3M 783.4M 1.415B
YoY Change -258.54% -12878.06% 1151.13%
FREE CASH FLOW
Cash From Operating Activities -$25.31M -$27.35M -$68.67M
Capital Expenditures -$13.04M -$18.85M -$32.38M
Free Cash Flow -$12.27M -$8.497M -$36.29M
YoY Change -23.23% -24.16% 13.13%

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CY2021 avdx Issuance Of Common Stock Upon Initial Public Offering Net Of Underwriting Discounts Commissions And Other Offering Costs Including Exercise Of Overallotment Option
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CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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CY2020 avdx Premium Paid On Redemption Of Redeemable Convertible Preferred Stock
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CY2020 avdx Adjustment To Additional Paid In Capital Accretion Of Convertible Preferred Stock
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CY2020 us-gaap Depreciation Depletion And Amortization
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CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2021 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
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CY2021 avdx Stock Issued During Period Value Contingent Consideration
StockIssuedDuringPeriodValueContingentConsideration
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CY2021 avdx Adjustment To Additional Paid In Capital Fair Value Of Call Option At Acquisition
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CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2019 us-gaap Earnings Per Share Basic And Diluted
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CY2021 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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CY2020 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
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CY2019 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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StockholdersEquity
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CY2019 avdx Stock Issued During Period Value Stock Options And Warrants Exercised
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CY2019 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
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CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1379000
CY2019 avdx Stock Vesting Of Warrants Issued In Connection With Consulting Services
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202000
CY2019 avdx Adjustments To Additional Paid In Capital Options Issued Related To Bonus Value
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128000
CY2019 us-gaap Stock Repurchased During Period Value
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106000
CY2019 avdx Premium Paid On Redemption Of Redeemable Convertible Preferred Stock
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CY2019 avdx Adjustment To Additional Paid In Capital Accretion Of Convertible Preferred Stock
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CY2019 us-gaap Net Income Loss
NetIncomeLoss
-93546000
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StockholdersEquity
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CY2020 avdx Stock Issued During Period Value Stock Options And Warrants Exercised
StockIssuedDuringPeriodValueStockOptionsAndWarrantsExercised
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CY2020 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
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CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1630000
CY2020 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
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CY2020 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2020 us-gaap Stock Repurchased During Period Value
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CY2021 avdx Stock Issued During Period Value Amended Agreement From Related Party
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CY2021 avdx Adjustments To Additional Paid In Capital Options Issued Related To Bonus Value
AdjustmentsToAdditionalPaidInCapitalOptionsIssuedRelatedToBonusValue
49000
CY2021 avdx Adjustments To Additional Paid In Capital Premium Paid On Redemption Of Senior Convertible Preferred Stock
AdjustmentsToAdditionalPaidInCapitalPremiumPaidOnRedemptionOfSeniorConvertiblePreferredStock
9500000
CY2021 avdx Adjustment To Additional Paid In Capital Accretion Of Convertible Preferred Stock
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15141000
CY2021 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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CY2021 avdx Conversion Of Convertible Common Stock Liability To Common Stock Upon Initial Public Offering During Period Value
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CY2021 avdx Adjustments To Additional Paid In Capital Common Stock Value Donated
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CY2021 us-gaap Net Income Loss
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StockholdersEquity
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CY2021 us-gaap Profit Loss
ProfitLoss
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ProvisionForDoubtfulAccounts
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CY2019 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
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CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
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CY2019 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
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CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2021 avdx Fair Value Adjustment Of Contingent Consideration
FairValueAdjustmentOfContingentConsideration
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CY2020 us-gaap Adjustment Of Warrants Granted For Services
AdjustmentOfWarrantsGrantedForServices
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CY2019 us-gaap Adjustment Of Warrants Granted For Services
AdjustmentOfWarrantsGrantedForServices
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CY2021 us-gaap Increase Decrease In Accrued Interest Receivable Net
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CY2020 us-gaap Increase Decrease In Accrued Interest Receivable Net
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CY2019 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
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CY2021 avdx Impairment And Write Off On Intangible And Right Of Use Assets
ImpairmentAndWriteOffOnIntangibleAndRightOfUseAssets
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CY2020 avdx Impairment And Write Off On Intangible And Right Of Use Assets
ImpairmentAndWriteOffOnIntangibleAndRightOfUseAssets
997000
CY2019 avdx Impairment And Write Off On Intangible And Right Of Use Assets
ImpairmentAndWriteOffOnIntangibleAndRightOfUseAssets
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GainLossOnDispositionOfAssets1
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CY2020 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
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CY2019 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
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CY2019 avdx Payment Of Third Party Fees Related To Debt Modification
PaymentOfThirdPartyFeesRelatedToDebtModification
593000
CY2019 avdx Payment Of Third Party Fees Related To Debt Modification Related Party
PaymentOfThirdPartyFeesRelatedToDebtModificationRelatedParty
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CY2021 avdx Value Of Donated Common Stock
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4143000
CY2021 avdx Noncash Expense On Contract Modification Related Party
NoncashExpenseOnContractModificationRelatedParty
50000000
CY2021 avdx Fair Value Adjustment To Derivative Instrument
FairValueAdjustmentToDerivativeInstrument
26128000
CY2020 avdx Fair Value Adjustment To Derivative Instrument
FairValueAdjustmentToDerivativeInstrument
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CY2019 avdx Fair Value Adjustment To Derivative Instrument
FairValueAdjustmentToDerivativeInstrument
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CY2021 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
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CY2020 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
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CY2019 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
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CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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CY2019 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2021 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
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CY2020 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
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CY2019 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
340000
CY2021 avdx Increase Decrease In Deferred Customer Origination Costs
IncreaseDecreaseInDeferredCustomerOriginationCosts
4152000
CY2020 avdx Increase Decrease In Deferred Customer Origination Costs
IncreaseDecreaseInDeferredCustomerOriginationCosts
2876000
CY2019 avdx Increase Decrease In Deferred Customer Origination Costs
IncreaseDecreaseInDeferredCustomerOriginationCosts
4646000
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-12377000
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
14149000
CY2019 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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CY2021 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
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CY2020 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
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CY2021 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
1560000
CY2019 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
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CY2020 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
289000
CY2019 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
235000
CY2021 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
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CY2020 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
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CY2019 avdx Increase Decrease In Deferred Rent And Tenant Improvement Allowance
IncreaseDecreaseInDeferredRentAndTenantImprovementAllowance
380000
CY2021 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
130982000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2020 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
57117000
CY2019 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
31755000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
3471000
CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
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CY2019 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
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CY2019 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
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CY2021 avdx Principal Payments On Land Promissory Note
PrincipalPaymentsOnLandPromissoryNote
1000000
CY2020 avdx Principal Payments On Land Promissory Note
PrincipalPaymentsOnLandPromissoryNote
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CY2019 avdx Principal Payments On Land Promissory Note
PrincipalPaymentsOnLandPromissoryNote
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CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1139000
CY2021 us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
1395000
CY2020 us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
703000
CY2019 us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
1905000
CY2021 avdx Payments For Proceeds From Acquire Real Estate
PaymentsForProceedsFromAcquireRealEstate
14050000
CY2020 avdx Payments For Proceeds From Acquire Real Estate
PaymentsForProceedsFromAcquireRealEstate
-25000
CY2019 avdx Payments For Proceeds From Acquire Real Estate
PaymentsForProceedsFromAcquireRealEstate
39000
CY2021 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
16931000
CY2020 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
11346000
CY2019 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
7349000
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
5000
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
46089000
CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
19829000
CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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CY2021 avdx Contingent Consideration And Deferred Obligation Payments Near Acquisition Date
ContingentConsiderationAndDeferredObligationPaymentsNearAcquisitionDate
1292000
CY2021 avdx Payments To Supplier For Advances
PaymentsToSupplierForAdvances
4355000
CY2020 avdx Payments To Supplier For Advances
PaymentsToSupplierForAdvances
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CY2019 avdx Payments To Supplier For Advances
PaymentsToSupplierForAdvances
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2021 avdx Proceeds From Issuance Of Common Stock Upon Initial Public Offering Net Of Underwriting Discounts And Commissions And Other Offering Costs Including Exercise Of Overallotment Option
ProceedsFromIssuanceOfCommonStockUponInitialPublicOfferingNetOfUnderwritingDiscountsAndCommissionsAndOtherOfferingCostsIncludingExerciseOfOverallotmentOption
627981000
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1582000
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
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CY2021 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
2820000
CY2020 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
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CY2019 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
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CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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CY2021 avdx Payments For Convertible Preferred Stock Redeemed
PaymentsForConvertiblePreferredStockRedeemed
169000000
CY2020 avdx Payments For Convertible Preferred Stock Redeemed
PaymentsForConvertiblePreferredStockRedeemed
46980000
CY2019 avdx Payments For Convertible Preferred Stock Redeemed
PaymentsForConvertiblePreferredStockRedeemed
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CY2020 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1327000
CY2019 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
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CY2020 avdx Payments Of Stock Issuance Costs Related Party
PaymentsOfStockIssuanceCostsRelatedParty
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CY2019 avdx Payments Of Stock Issuance Costs Related Party
PaymentsOfStockIssuanceCostsRelatedParty
11428000
CY2019 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
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CY2019 avdx Payment On Earn Out Agreement
PaymentOnEarnOutAgreement
500000
CY2021 avdx Payment For Service Obligations
PaymentForServiceObligations
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CY2020 avdx Payment For Service Obligations
PaymentForServiceObligations
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CY2019 avdx Payment For Service Obligations
PaymentForServiceObligations
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1567859000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
193794000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
308259000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1415085000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
113105000
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
390078000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
147360000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
276973000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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174000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
544000
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
1110000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
877000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
163000
CY2021 avdx Purchase Of Real Estate In Exchange For Promissory Note
PurchaseOfRealEstateInExchangeForPromissoryNote
21500000
CY2021 avdx Noncash Or Part Noncash Common Stock Issued On Conversion Of Convertible Preferred Stock And Convertible Common Stock Liability
NoncashOrPartNoncashCommonStockIssuedOnConversionOfConvertiblePreferredStockAndConvertibleCommonStockLiability
724649000
CY2021 avdx Noncash Or Part Noncash Acquisition Common Stock Issued
NoncashOrPartNoncashAcquisitionCommonStockIssued
31000000
CY2020 avdx Noncash Or Part Noncash Acquisition Common Stock Issued
NoncashOrPartNoncashAcquisitionCommonStockIssued
5988000
CY2019 avdx Noncash Or Part Noncash Acquisition Common Stock Issued
NoncashOrPartNoncashAcquisitionCommonStockIssued
9514000
CY2021 avdx Noncash Or Part Noncash Common Stock Issued As Contingent Consideration
NoncashOrPartNoncashCommonStockIssuedAsContingentConsideration
500000
CY2021 avdx Noncash Or Part Noncash Initial Fair Value Of Contingent Consideration And Deferred Payment Obligation At Acquisition Date
NoncashOrPartNoncashInitialFairValueOfContingentConsiderationAndDeferredPaymentObligationAtAcquisitionDate
2672000
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
768000
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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CY2021 avdx Noncash Interest Paid On Notes Payable
NoncashInterestPaidOnNotesPayable
10486000
CY2020 avdx Noncash Interest Paid On Notes Payable
NoncashInterestPaidOnNotesPayable
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CY2019 avdx Noncash Interest Paid On Notes Payable
NoncashInterestPaidOnNotesPayable
9605000
CY2021 avdx Noncash Finance Lease Interest Payment On Liability
NoncashFinanceLeaseInterestPaymentOnLiability
7384000
CY2020 avdx Noncash Finance Lease Interest Payment On Liability
NoncashFinanceLeaseInterestPaymentOnLiability
7187000
CY2019 avdx Noncash Finance Lease Interest Payment On Liability
NoncashFinanceLeaseInterestPaymentOnLiability
5631000
CY2021 avdx Options Issued In Connection With Bonus Compensation
OptionsIssuedInConnectionWithBonusCompensation
49000
CY2019 avdx Options Issued In Connection With Bonus Compensation
OptionsIssuedInConnectionWithBonusCompensation
128000
CY2021 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2021 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1
CY2021Q3 us-gaap Preferred Stock Convertible Conversion Ratio
PreferredStockConvertibleConversionRatio
4
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:2.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Arial;">Use of Estimates</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.1979166666666667;font-family:Times New Roman;margin-bottom:6.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and the disclosure of contingent assets and liabilities as of and during the reporting period. The Company bases estimates and assumptions on historical experience when available and on various factors that it believes to be reasonable under the circumstances. Significant estimates reflected in these consolidated financial statements include, but are not limited to, the allowance for doubtful accounts, useful lives assigned to fixed and intangible assets, capitalization of internal-use software, deferral of customer origination costs, the fair value of intangible assets acquired in a business combination, the fair value of goodwill, the recoverability of deferred income taxes, the fair value of common stock prior to the IPO, and the fair value of the convertible common stock liability (or the “derivative instrument.”) The Company assesses estimates on an ongoing basis; however, actual results could materially differ from those estimates.</span></p>
CY2021 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:2.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Arial;">Concentrations</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;font-style:italic;">Significant Services</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.1979166666666667;font-family:Times New Roman;margin-bottom:6.0pt;text-align:left;"><span style="background-color:rgba(255,255,255,1);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">A substantial portion of the Company’s revenue is derived from interchange fees earned on payment transactions processed as virtual commercial cards (“VCC”). For the years ended December 31, 2021, 2020 and 2019, interchange fee revenues from a single service provider represented approximately</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;"> </span><span style="font-size:10.0pt;font-family:Arial;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">47</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">%</span><span style="background-color:rgba(255,255,255,1);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">, </span><span style="font-size:10.0pt;font-family:Arial;background-color:rgba(255,255,255,1);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">50</span><span style="background-color:rgba(255,255,255,1);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">%</span><span style="background-color:rgba(255,255,255,1);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;"> and </span><span style="font-size:10.0pt;font-family:Arial;background-color:rgba(255,255,255,1);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">53</span><span style="background-color:rgba(255,255,255,1);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">%</span><span style="background-color:rgba(255,255,255,1);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;"> of total revenues, respectively. As of December 31, 2021 and 2020, </span><span style="font-size:10.0pt;font-family:Arial;background-color:rgba(255,255,255,1);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">53</span><span style="background-color:rgba(255,255,255,1);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">%</span><span style="background-color:rgba(255,255,255,1);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;"> and</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;"> </span><span style="font-size:10.0pt;font-family:Arial;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">62</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">%</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;"> of accounts receivable, net, is comprised of amounts due from this service provider, respectively.</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.1979166666666667;font-family:Times New Roman;margin-bottom:6.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">As of December 31, 2021, </span><span style="font-size:10.0pt;font-family:Arial;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">13</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">%</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;"> of accounts receivable, net, is comprised of amounts due from a second service provider.</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.1979166666666667;font-family:Times New Roman;margin-bottom:6.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">Future regulation or changes by the card brand payment networks could have a substantial impact on the Company’s revenue from VCC transactions. If interchange rates decline, whether due to actions by the card brand payment networks, merchant/suppliers availing themselves of lower rates, or future regulation, the Company’s total operating revenues, operating results, prospects for future growth and overall business could be materially affected.</span></p>
CY2021Q4 avdx Service Obligations Liabilities
ServiceObligationsLiabilities
1210342000
CY2020Q4 avdx Service Obligations Liabilities
ServiceObligationsLiabilities
132654000
CY2021Q4 avdx Unregulated Settlements With Payees
UnregulatedSettlementsWithPayees
32004000
CY2020Q4 avdx Unregulated Settlements With Payees
UnregulatedSettlementsWithPayees
4966000
CY2021Q4 avdx Payment Service Obligations
PaymentServiceObligations
1242346000
CY2020Q4 avdx Payment Service Obligations
PaymentServiceObligations
137620000
CY2021Q4 avdx Customer Funds Held In Trust Accounts
CustomerFundsHeldInTrustAccounts
123643000
CY2020Q4 avdx Customer Funds Held In Trust Accounts
CustomerFundsHeldInTrustAccounts
723084000
CY2021 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
5964000
CY2020 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
3910000
CY2019 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
3962000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
140393000
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2021 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
3855000
CY2020 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
3111000
CY2019 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
2255000
CY2021Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
1343000
CY2020Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
663000
CY2021Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
1387000
CY2020Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
787000
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
115668000
CY2021 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
21500000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
34166000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
28796000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
106227000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
248409000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
185928000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
149584000
CY2021Q4 avdx Trade Account Receivable Net
TradeAccountReceivableNet
9797000
CY2020Q4 avdx Trade Account Receivable Net
TradeAccountReceivableNet
8977000
CY2021Q4 avdx Payment Processing Receivable Net
PaymentProcessingReceivableNet
21168000
CY2020Q4 avdx Payment Processing Receivable Net
PaymentProcessingReceivableNet
15780000
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
30965000
CY2020Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
24757000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
29880000
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
7970000
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-6095000
CY2020 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-4217000
CY2021 avdx Revenue Recognized Cash Received Excluding Amounts Recognized As Revenue
RevenueRecognizedCashReceivedExcludingAmountsRecognizedAsRevenue
28005000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
86872000
CY2020 avdx Revenue Recognized Cash Received Excluding Amounts Recognized As Revenue
RevenueRecognizedCashReceivedExcludingAmountsRecognizedAsRevenue
4506000
CY2020 us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination
2450000
CY2021Q4 avdx Revenue Remaining Performance Obligation Current
RevenueRemainingPerformanceObligationCurrent
13339000
CY2021Q4 avdx Revenue Remaining Performance Obligation Non Current
RevenueRemainingPerformanceObligationNonCurrent
23475000
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
36814000
CY2020Q4 avdx Revenue Remaining Performance Obligation Current
RevenueRemainingPerformanceObligationCurrent
12406000
CY2020Q4 avdx Revenue Remaining Performance Obligation Non Current
RevenueRemainingPerformanceObligationNonCurrent
26771000
CY2020Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
39177000
CY2021 us-gaap Capitalized Contract Cost Amortization Method
CapitalizedContractCostAmortizationMethod
straight-line basis
CY2021Q4 us-gaap Capitalized Contract Cost Amortization Period
CapitalizedContractCostAmortizationPeriod
P5Y
CY2021 avdx Capitalized Sales Commissions And Implementation Costs
CapitalizedSalesCommissionsAndImplementationCosts
14656000
CY2020 avdx Capitalized Sales Commissions And Implementation Costs
CapitalizedSalesCommissionsAndImplementationCosts
12075000
CY2019 avdx Capitalized Sales Commissions And Implementation Costs
CapitalizedSalesCommissionsAndImplementationCosts
10790000
CY2021 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
14050000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
15178000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
9813000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
8258000
CY2021 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
16931000
CY2020 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
11354000
CY2019 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
7350000
CY2021 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
11249000
CY2020 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
9427000
CY2019 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
8718000
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
193113000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
92658000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
100455000
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
141382000
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
68940000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
72442000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
24105000
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
20168000
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
15532000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
22887000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
20422000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
23897000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
100455000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
174000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
544000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
877000
CY2019Q4 us-gaap Goodwill
Goodwill
89521000
CY2020 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
16175000
CY2020Q4 us-gaap Goodwill
Goodwill
105696000
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
60225000
CY2021Q4 us-gaap Goodwill
Goodwill
165921000
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1139000
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1582000
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
7384000
CY2020 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
7187000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
1781000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
2199000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
163000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1472000
CY2021 us-gaap Lease Cost
LeaseCost
13338000
CY2020 us-gaap Lease Cost
LeaseCost
13740000
CY2020Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
12249000
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
3352000
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
3764000
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
8272000
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
8104000
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
1241000
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
1221000
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
332000
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
620000
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
286000
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
280000
CY2021 us-gaap Sublease Income
SubleaseIncome
145000
CY2020 us-gaap Sublease Income
SubleaseIncome
249000
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
74275000
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
85137000
CY2020Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
11037000
CY2021 avdx Summary Of Other Information Related To Leases
SummaryOfOtherInformationRelatedToLeases
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.1979166666666667;font-family:Times New Roman;margin-bottom:6.0pt;text-align:left;"><span style="background-color:rgba(255,255,255,1);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">Other information related to leases for the year ended December 31, 2021 was as follows:</span></p> <table style="margin-left:auto;border-spacing:0;table-layout:fixed;width:80.0%;border-collapse:separate;margin-right:auto;"> <tr style="visibility:collapse;"> <td style="width:64.662%;"/> <td style="width:3.295%;"/> <td style="width:0.783%;"/> <td style="width:28.422%;"/> <td style="width:2.838%;"/> </tr> <tr style="height:9.0pt;"> <td style="background-color:rgba(207,240,252,1);word-break:break-word;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:9.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:9.0pt;font-family:Arial;">Weighted average remaining lease term</span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Arial;"> </span></p></td> <td colspan="2" style="background-color:rgba(207,240,252,1);word-break:break-word;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Arial;"> </span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Arial;"> </span></p></td> </tr> <tr style="height:10.0pt;"> <td style="background-color:rgba(255,255,255,1);text-indent:7.0pt;word-break:break-word;vertical-align:bottom;"><p style="margin-left:7.0pt;text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">Corporate offices operating leases</span></p></td> <td style="background-color:rgba(255,255,255,1);word-break:break-word;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Arial;"> </span></p></td> <td colspan="2" style="background-color:rgba(255,255,255,1);word-break:break-word;vertical-align:bottom;text-align:center;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:right;"><span style="font-size:10.0pt;font-family:Arial;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">4 years</span></span></p></td> <td style="background-color:rgba(255,255,255,1);word-break:break-word;vertical-align:bottom;text-align:center;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:right;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Arial;"> </span></p></td> </tr> <tr style="height:10.0pt;"> <td style="background-color:rgba(207,240,252,1);text-indent:7.0pt;word-break:break-word;vertical-align:bottom;"><p style="margin-left:7.0pt;text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">Corporate offices finance leases</span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Arial;"> </span></p></td> <td colspan="2" style="background-color:rgba(207,240,252,1);word-break:break-word;vertical-align:bottom;text-align:center;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:right;"><span style="font-size:10.0pt;font-family:Arial;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">30 years</span></span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;vertical-align:bottom;text-align:center;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:right;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Arial;"> </span></p></td> </tr> <tr style="height:10.0pt;"> <td style="background-color:rgba(255,255,255,1);text-indent:7.0pt;word-break:break-word;vertical-align:bottom;"><p style="margin-left:7.0pt;text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">IT equipment finance leases</span></p></td> <td style="background-color:rgba(255,255,255,1);word-break:break-word;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Arial;"> </span></p></td> <td colspan="2" style="background-color:rgba(255,255,255,1);word-break:break-word;vertical-align:bottom;text-align:center;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:right;"><span style="font-size:10.0pt;font-family:Arial;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">1 year</span></span></p></td> <td style="background-color:rgba(255,255,255,1);word-break:break-word;vertical-align:bottom;text-align:center;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:right;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Arial;"> </span></p></td> </tr> <tr> <td style="background-color:rgba(207,240,252,1);word-break:break-word;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Arial;"> </span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Arial;"> </span></p></td> <td colspan="2" style="background-color:rgba(207,240,252,1);word-break:break-word;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Arial;"> </span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Arial;"> </span></p></td> </tr> <tr style="height:9.0pt;"> <td style="background-color:rgba(255,255,255,1);word-break:break-word;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:9.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:9.0pt;font-family:Arial;">Weighted average discount rate</span></p></td> <td style="background-color:rgba(255,255,255,1);word-break:break-word;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Arial;"> </span></p></td> <td colspan="2" style="background-color:rgba(255,255,255,1);word-break:break-word;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Arial;"> </span></p></td> <td style="background-color:rgba(255,255,255,1);word-break:break-word;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Arial;"> </span></p></td> </tr> <tr style="height:10.0pt;"> <td style="background-color:rgba(207,240,252,1);text-indent:7.0pt;word-break:break-word;vertical-align:bottom;"><p style="margin-left:7.0pt;text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">Corporate offices operating leases</span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Arial;"> </span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Arial;"> </span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;vertical-align:bottom;text-align:center;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:right;"><span style="font-size:10.0pt;font-family:Arial;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">10.6</span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">%</span></p></td> </tr> <tr style="height:10.0pt;"> <td style="background-color:rgba(255,255,255,1);text-indent:7.0pt;word-break:break-word;vertical-align:bottom;"><p style="margin-left:7.0pt;text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">Corporate offices finance leases</span></p></td> <td style="background-color:rgba(255,255,255,1);word-break:break-word;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Arial;"> </span></p></td> <td style="background-color:rgba(255,255,255,1);word-break:break-word;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Arial;"> </span></p></td> <td style="background-color:rgba(255,255,255,1);word-break:break-word;vertical-align:bottom;text-align:center;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:right;"><span style="font-size:10.0pt;font-family:Arial;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">10.6</span></p></td> <td style="background-color:rgba(255,255,255,1);word-break:break-word;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">%</span></p></td> </tr> <tr style="height:10.0pt;"> <td style="background-color:rgba(207,240,252,1);text-indent:7.0pt;word-break:break-word;vertical-align:bottom;"><p style="margin-left:7.0pt;text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">IT equipment finance leases</span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Arial;"> </span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Arial;"> </span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;vertical-align:bottom;text-align:center;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:right;"><span style="font-size:10.0pt;font-family:Arial;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">6.5</span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Arial;">%</span></p></td> </tr> </table>
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.106
CY2019 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1184000
CY2019 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease
555000
CY2021 avdx Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Redeemed Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisRedeemedValue
36382000
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
103552000
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
4800000
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
1000000
CY2021Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
2843000
CY2020Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
4106000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
119880000
CY2021Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
6406000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1446000
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
6061000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1289000
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
5944000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1042000
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
6053000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
229000
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
6174000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
63000
CY2021Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
203634000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5541000
CY2021Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
234272000
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1045000
CY2021Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
172430000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
4496000
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
61842000
CY2019 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
3978000
CY2019 avdx Capital Lease Initial Term
CapitalLeaseInitialTerm
P15Y
CY2019 avdx Capital Lease Number Of Renewal Options
CapitalLeaseNumberOfRenewalOptions
4
CY2019 avdx Capital Lease Renewal Term
CapitalLeaseRenewalTerm
P5Y
CY2019 avdx Capital Lease Period Of Contract
CapitalLeasePeriodOfContract
P35Y
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
127523000
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
98446000
CY2021Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
2843000
CY2020Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
4106000
CY2019Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
5194000
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1357000
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1182000
CY2021Q4 avdx Share Based Compensation Arrangement By Share Based Payment Award Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantsInPeriod
0
CY2020Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
10254000
CY2019Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
2717000
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2020Q4 us-gaap Temporary Equity Liquidation Preference
TemporaryEquityLiquidationPreference
884842000
CY2020Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
832625000
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1600000000
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
31852000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4208700
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
4800000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
4800000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
108823000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
4800000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
4300000
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
127523000
CY2021Q4 us-gaap Preferred Stock Convertible Shares Issuable
PreferredStockConvertibleSharesIssuable
111142439
CY2021Q4 us-gaap Preferred Stock Redemption Amount
PreferredStockRedemptionAmount
169000000
CY2021Q4 avdx Common Stock Convertible Number Of Shares Issued In Conversion
CommonStockConvertibleNumberOfSharesIssuedInConversion
1455306
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2020Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
40472166
CY2020Q4 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
30081996
CY2020Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
30081996
CY2021Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
797652
CY2020Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
10254000
CY2019Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
2717000
CY2018Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
2162000
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease
26128000
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease
7537000
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
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0.4359
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