CWAN · As filed with the SEC
Clearwater Analytics Holdings cash flow statement, by fiscal year
The statement as Clearwater Analytics Holdings presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statements of Cash Flows · USD thousands
| USD thousands | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 |
|---|---|---|---|---|
| OPERATING ACTIVITIES | ||||
| Net income (loss) | (40,254) | 427,585 | (23,083) | (6,695) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||
| Depreciation and amortization | 85,541 | 12,181 | 9,929 | 5,139 |
| Noncash operating lease cost | 16,682 | 9,221 | 7,619 | 5,950 |
| Equity-based compensation | 127,896 | 103,201 | 104,447 | 65,691 |
| Change in tax receivable liability | — | — | — | 12,200,000 |
| Amortization of deferred contract acquisition costs | 11,487 | 5,265 | 4,763 | 4,327 |
| Amortization of debt issuance costs, included in interest expense | 2,770 | 280 | 280 | 279 |
| Debt extinguishment costs | — | — | 0 | — |
| Debt extinguishment costs | 419 | — | — | — |
| Provision for bad debt | 2,165 | — | — | — |
| Deferred tax benefit | (12,607) | (460,032) | (1,665) | (803) |
| Accretion of discount on investments | (284) | (2,185) | (1,474) | — |
| Realized gain on investments | (112) | (35) | (89) | — |
| Loss on fixed assets disposal | — | 66 | — | — |
| Changes in operating assets and liabilities, excluding the impact of business acquisitions: | ||||
| Accounts receivable, net | (11,148) | (13,648) | (19,298) | (19,098) |
| Prepaid expenses and other assets | (11,159) | 5,627 | 1,151 | (4,956) |
| Deferred contract acquisition costs | — | (6,242) | (5,067) | (5,845) |
| Deferred contract acquisition costs | (17,036) | — | — | — |
| Accounts payable | (1,341) | 269 | (115) | 1,609 |
| Accrued expenses and other liabilities | 22,449 | 11,627 | 1,204 | 1,243 |
| Accrued sales tax liability | — | — | — | (1,036,000) |
| Tax receivable agreement liability | (35) | (18,859) | 6,000 | — |
| Other long-term liabilities | 463 | — | — | — |
| Net cash provided by operating activities | 175,896 | 74,321 | 84,602 | 58,005 |
| INVESTING ACTIVITIES | ||||
| Purchases of property, equipment and software | (11,554) | (5,259) | (5,624) | (7,758) |
| Purchase of short-term investments | — | — | — | (3,000,000) |
| Purchases of intangible assets | (10,239) | — | — | — |
| Purchase of held to maturity investments | (4,686) | (3,009) | (3,004) | — |
| Purchase of available-for-sale investments | 0 | (114,572) | (124,178) | — |
| Proceeds from sale of available-for-sale investments | 89,479 | 0 | 5,950 | — |
| Proceeds from maturities of investments | 23,716 | 107,417 | 31,801 | — |
| Acquisition of business, net of cash acquired | (1,074,754) | (40,121) | 0 | (65,793) |
| Payment of initial direct costs for operating lease | (89) | (104) | — | — |
| Net cash used in investing activities | (988,127) | (55,648) | (95,055) | (76,551) |
| FINANCING ACTIVITIES | ||||
| Proceeds from issuance of common unit options | — | — | 0 | — |
| Proceeds from exercise of options | 168 | 248 | 4,738 | 18,284 |
| Taxes paid related to net share settlement of equity awards | (33,749) | (55,301) | (20,784) | (3,189) |
| Proceeds from employee stock purchase plan | — | 4,693 | 4,588 | 4,215 |
| Repurchase of common stock | (18,054) | — | 0 | — |
| Proceeds from borrowings, net of payment of debt issuance costs | 924,475 | — | — | — |
| Repayments of borrowings | (154,063) | (2,750) | (2,749) | (2,750) |
| Payments of costs associated with early repayment of debt | — | — | 0 | — |
| Proceeds from borrowings | — | — | 0 | — |
| Payment of debt issuance costs | — | — | 0 | — |
| Proceeds from initial public offering, net of underwriting discounts | — | — | 0 | — |
| Payment of costs associated with offering | — | 0 | 0 | (214) |
| Payment of tax distributions | — | (3,873) | (2,184) | (117) |
| Proceeds from employee stock purchase plan | 6,636 | — | — | — |
| Payment of tax distributions | 0 | — | — | — |
| Payment of business acquisition holdback liability | 0 | (4,685) | (2,900) | — |
| Net cash provided by (used in) financing activities | 725,413 | (61,668) | (19,291) | 16,229 |
| Effect of exchange rate changes on cash and cash equivalents | 713 | (1,420) | 785 | (1,556) |
| Change in cash and cash equivalents during the period | (86,105) | (44,415) | (28,959) | (3,873) |
| Cash and cash equivalents, beginning of period | 177,350 | 221,765 | 250,724 | 254,597 |
| Cash and cash equivalents, end of period | 91,245 | 177,350 | 221,765 | 250,724 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | ||||
| Cash paid for interest | 31,142 | 3,464 | 3,454 | 1,395 |
| Cash paid for income taxes | 3,486 | 1,979 | 2,432 | 2,044 |
| NON-CASH INVESTING AND FINANCING ACTIVITIES | ||||
| Purchase of property and equipment included in accounts payable and accrued expense | 210 | 38 | 435 | 350 |
| Business acquisition holdback liability included in accrued expense and other long-term liabilities | — | 0 | 0 | 7,220 |
| Direct costs incurred with the offering included in accrued expense | — | — | 0 | — |
| Tax distributions payable to Continuing Equity Owners included in accrued expenses | — | — | 2,945 | 3,196 |
| Tax distributions payable to Continuing Equity Owners included in accrued expenses | — | 23 | — | — |
| Acquisition of Bistro intangible assets paid in common stock | 102,729 | — | — | — |
| Tax distributions payable to Continuing Equity Owners included in accrued expenses | 3 | — | 0 | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.