Xperi Inc
For the period ended Dec 31, 2023. Filed Mar 1, 2024.
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FY2023 · Filed Mar 1, 2024
XPER$5.95+2.1%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
XPERIINC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash flows from operating activities: | |||
| Net loss | $(139,688) | $(761,206) | $(179,078) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Depreciation of property and equipment | 16,645 | 20,501 | 22,584 |
| Amortization of intangible assets | 57,752 | 62,209 | 105,311 |
| Stock-based compensation | 69,531 | 45,303 | 33,509 |
| Goodwill impairment | — | 604,555 | — |
| Impairment of long-lived assets | 1,710 | 7,724 | — |
| Deferred income taxes | (8,596) | (9,261) | 6,913 |
| Other | 748 | 24 | (1,754) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 5,721 | 17,505 | (2,416) |
| Unbilled contracts receivable | (19,386) | (12,473) | 15,475 |
| Prepaid expenses and other assets | 2,696 | (20,439) | 15,296 |
| Accounts payable | 5,071 | 6,633 | (4,018) |
| Accrued and other liabilities | 3,688 | 18,782 | (37,249) |
| Deferred revenue | 4,170 | (8,302) | 1,974 |
| Net cash provided by (used in) operating activities | 62 | (28,445) | (23,453) |
| Cash flows from investing activities: | |||
| Net cash paid for mergers and acquisitions | — | (50,473) | (12,401) |
| Purchases of property and equipment | (12,748) | (14,207) | (8,893) |
| Purchases of intangible assets | (185) | (166) | (186) |
| Net cash used in investing activities | (12,933) | (64,846) | (21,480) |
| Cash flows from financing activities: | |||
| Net proceeds from capital contributions by Former Parent | — | 83,235 | — |
| Net transfers from Former Parent | — | 52,802 | 83,330 |
| Proceeds from issuance of common stock under employee stock purchase plan | 11,927 | — | — |
| Withholding taxes related to net share settlement of equity awards | (4,875) | (286) | — |
| Net cash provided by financing activities | 7,052 | 135,751 | 83,330 |
| Effect of exchange rate changes on cash and cash equivalents | 126 | (3,028) | (3,326) |
| Net (decrease) increase in cash and cash equivalents | (5,693) | 39,432 | 35,071 |
| Cash and cash equivalents at beginning of period | 160,127 | 120,695 | 85,624 |
| Cash, cash equivalents and cash classified held-for-sale at end of period | $154,434 | $160,127 | $120,695 |
| Reconciliation of cash, cash equivalents and cash classified as held-for-sale to consolidated balance sheets: | |||
| Cash and cash equivalents | $142,085 | $160,127 | $120,695 |
| Cash and cash equivalents classified as held-for-sale, current (Note 7) | 12,349 | — | — |
| Total cash, cash equivalents and cash classified as held-for-sale in consolidated balance sheets | $154,434 | $160,127 | $120,695 |
| Supplemental disclosure of cash flow information: | |||
| Debt issued in connection with acquisition | $— | $50,000 | $— |
| Income taxes paid, net of refunds | $21,333 | $13,416 | $11,801 |
| Interest paid | $3,000 | $756 | $— |
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