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  "documentTitle": "Bakkt | Results Presentation Deck | 28 slides",
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  "presentationDate": "2024-03-01 00:00:00",
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  "notes": "Quarterly financial data on this slide in unaudited.",
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      "text": "Cash flows from operating activities: Net loss (78.7) (51.7) (326.4) (225.8) (1,989.9) Adjustments to reconcile net loss to net cash used in operating activities Depreciation and amortization 3.1 4.0 7.0 13.9 25.4 Change in fair value of contingent consideration liability (13.1) (0.3) - (3.0) - Non-cash lease expense 0.8 0.8 0.8 3.1 2.7 Share-based compensation expense 1.2 3.0 2.7 15.5 31.6 Unit-based compensation expense 0.0 0.4 0.2 1.3 0.6 Forfeiture and cancellation of common units - (0.0) - (0.0) (0.2) Deferred income taxes - - (2.7) - (11.6) Impairment of long-lived assets 30.2 0.1 11.5 30.3 11.5 Goodwill and intangible assets impairments 37.2 23.3 274.4 60.5 1,822.1 Loss on disposal of assets 0.0 0.1 3.8 0.1 3.8 Loss (gain) from change in fair value of warrant liability 0.7 0.2 (3.5) 1.6 (16.6) Other 0.0 0.0 0.1 0.0 0.3 Changes in operating assets and liabilities: Accounts receivable (6.9) (1.0) (3.2) (10.0) (7.2) Prepaid insurance (1.0) 3.9 (2.2) 9.8 9.4 Deposits with clearinghouse - 15.2 - 15.0 - Accounts payable and accrued liabilities 6.3 (3.1) 11.4 (8.0) 0.7 Due to related party 1.5 0.8 0.3 2.1 0.6 Deferred revenue 0.3 1.0 (0.3) 0.4 (2.4) Operating lease liabilities (0.9) (0.8) (0.1) (3.0) 4.2 Customer funds payable 4.7 27.7 - 32.3 - Other assets and liabilities 4.6 0.8 2.7 3.4 (2.4) Net cash (used in) provided by operating activities (10.2) 24.1 (23.7) (60.7) (117.6) Cash flows from investing activities: Capitalized internal-use software development costs and other capital (1.5) (1.9) (8.0) (9.4) (30.5) Purchase of available-for-sale securities (17.2) (17.6) (117.8) (61.8) (306.6) Proceeds from the maturity of available-for-sale securities 22.6 10.0 90.5 185.8 165.2 Acquisition of Bumped Financial, LLC - - - (0.6) - Acquisition of Apex Crypto LLC, net of cash acquired - 0.4 - (47.9) - Net cash provided by (used in) investing activities: 3.8 (9.1) (35.4) 66.0 (172.0) Cash flows from financing activities: Repurchase and retirement of Class A common stock (0.1) - (2.6) (2.6) (2.6) Proceeds from the exercise of warrants - - - - 0.0 Net cash used in financing activities: (0.1) - (2.6) (2.6) (2.6) Effect of exchange rate changes 0.5 (0.4) 0.1 0.4 (0.9) Net (decrease) increase in cash, cash equivalents, deposits, restricted cash and customer funds (6.0) 14.6 (61.5) 3.1 (293.0) Cash, cash equivalents, restricted cash, deposits and customer funds at the beginning of the period 124.5 109.9 177.0 115.4 408.4 Cash, cash equivalents, restricted cash, deposits and customer funds at the end of the period 118.5 124.5 115.4 118.5 115.4",
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