IAS · As filed with the SEC
Integral Ad Science Holding cash flow statement, by fiscal year
The statement as Integral Ad Science Holding 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 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net income | 37,795 | 7,238 | 15,373 | (52,437) |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | 63,966 | 54,966 | 50,396 | 62,286 |
| Stock-based compensation | 59,762 | 81,103 | 44,752 | 58,766 |
| Foreign currency loss (gain), net | 2,898 | (484) | 5,233 | — |
| Deferred tax benefit | (16,417) | (21,531) | (8,880) | (9,662) |
| Loss on extinguishment of debt | — | 0 | 0 | 3,721 |
| Facility exit costs | — | — | — | 6,519 |
| Facility exit costs | — | 0 | 0 | — |
| Amortization of debt issuance costs | 464 | 463 | 464 | 1,136 |
| Allowance for credit losses | 21 | 3,816 | 1,837 | 3,024 |
| Non-cash interest expense | — | 0 | 0 | 394 |
| Loss (gain) on sale of assets | — | — | — | 218 |
| Impairment of internal use software | — | — | — | 0 |
| Employee retention tax credit | 0 | 0 | (6,981) | — |
| Impairment of assets | 170 | 33 | 974 | — |
| Changes in operating assets and liabilities: | ||||
| Increase in accounts receivable | (6,223) | (8,148) | (18,581) | (9,095) |
| Increase in unbilled receivables | — | (4,685) | (5,830) | (8,504) |
| Increase in unbilled receivables | (7,369) | — | — | — |
| (Increase) decrease in prepaid expenses and other current assets | (18,722) | 6,418 | (10,641) | (3,617) |
| Increase in operating leases, net | (1,561) | (29) | (852) | — |
| (Increase) decrease in other long-term assets | (1,785) | 375 | (1,057) | (614) |
| Increase in accounts payable and accrued expenses and other long-term liabilities | 4,654 | 11,478 | 6,286 | 12,246 |
| Increase in accrued rent | — | 0 | 0 | 260 |
| Increase (decrease) in deferred revenue | 383 | 582 | (88) | (976) |
| Increase (decrease) in due to/from related party | — | 28 | 62 | (85) |
| (Decrease) increase in due to/from related party | (138) | — | — | 15 |
| Net cash provided by operating activities | 117,898 | 131,623 | 72,467 | 63,595 |
| Cash flows from investing activities: | ||||
| Payment for acquisitions, net of acquired cash | 0 | (966) | (1,603) | (186,435) |
| Purchase of property and equipment | (1,784) | (1,975) | (2,016) | (955) |
| Acquisition and development of internal use software and other | — | (31,777) | (14,673) | (12,702) |
| Acquisition and development of internal use software and other | (38,760) | — | — | — |
| Net cash used in investing activities | (40,544) | (34,718) | (18,292) | (200,092) |
| Cash flows from financing activities: | ||||
| Proceeds from initial public offering, net of underwriting discounts and commissions | — | 0 | 0 | 281,589 |
| Payments for offering costs | — | 0 | 0 | (7,233) |
| Repayment of long-term debt | (120,000) | (145,000) | (35,000) | (356,396) |
| Repayment of short-term debt | 0 | 0 | (1,816) | — |
| Proceeds from the Revolver | 0 | 75,000 | 15,000 | 245,000 |
| Payments for debt issuance costs | — | 0 | 0 | (2,318) |
| Principal payments on capital lease obligations | — | 0 | 0 | (326) |
| Cash paid for unit repurchases | — | — | — | (1,201) |
| Cash paid for unit repurchases | — | 0 | 0 | — |
| Proceeds from exercise of stock options | 409 | 7,989 | 7,155 | 1,075 |
| Payments for repurchase of common stock | 0 | 0 | (23,655) | — |
| Cash received from Employee Stock Purchase Program (ESPP) | 3,213 | 3,160 | 845 | — |
| Net cash (used in) provided by financing activities | (116,378) | (58,851) | (37,471) | 160,190 |
| Net increase in cash, cash equivalents, and restricted cash | — | — | 16,704 | 23,693 |
| Net increase in cash, cash equivalents, and restricted cash | (39,024) | 38,054 | — | — |
| Effect of exchange rate changes on cash and cash equivalents, and restricted cash | (931) | (435) | (3,111) | (2,336) |
| Cash, cash equivalents, and restricted cash, at beginning of year | 127,290 | 89,671 | 76,078 | 54,721 |
| Cash, cash equivalents, and restricted cash, at end of year | 87,335 | 127,290 | 89,671 | 76,078 |
| Supplemental Disclosures: | ||||
| Net cash paid during the year for: | ||||
| Interest | 4,901 | 11,229 | 8,511 | 17,109 |
| Taxes | 34,800 | 10,985 | 16,396 | 2,238 |
| Non-cash investing and financing activities: | ||||
| Assets acquired under capital leases | — | — | — | 0 |
| Assets acquired under capital leases | — | — | 0 | — |
| Assets acquired included in accounts payable | — | 431 | 97 | 105 |
| Internal use software acquired included in accounts payable | — | 1,444 | 1,517 | 859 |
| Conversion of members’ equity to additional paid-in capital | — | 0 | 0 | 165,385 |
| Property, Plant and Equipment | 324 | — | — | — |
| Software Development | 816 | — | — | — |
| Lease liabilities arising from right-of-use assets | 6,030 | 6,282 | 29,624 | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.