Zevia PBC
For the period ended Dec 31, 2023. Filed Mar 6, 2024.
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FY2023 · Filed Mar 6, 2024
ZVIA$1.09-14.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | ||
|---|---|---|
| (in thousands) | 2023 | 2022 |
| Operating activities: | ||
| Net loss | $(28,322) | $(47,647) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Non-cash lease expense | 567 | 653 |
| Depreciation and amortization | 1,615 | 1,347 |
| Loss on disposal of property, equipment and software, net | 480 | 3 |
| Amortization of debt issuance cost | 76 | 64 |
| Equity-based compensation | 8,279 | 26,880 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | (42) | (2,030) |
| Inventories | (6,974) | 3,925 |
| Prepaid expenses and other assets | (2,573) | 846 |
| Accounts payable | 13,640 | (5,850) |
| Accrued expenses and other current liabilities | (2,435) | 1,703 |
| Operating lease liabilities | (585) | (672) |
| Net cash used in operating activities | (16,274) | (20,778) |
| Investing activities: | ||
| Proceeds from maturities of short-term investments | — | 30,000 |
| Purchases of property, equipment and software | (1,624) | (2,593) |
| Proceeds from sales of property and equipment | 2,429 | — |
| Net cash provided by investing activities | 805 | 27,407 |
| Financing activities: | ||
| Payment of debt issuance costs | — | (334) |
| Minimum tax withholding paid on behalf of employees for net share settlement | — | (2,130) |
| Proceeds from exercise of stock options | 25 | 124 |
| Net cash provided by (used in) financing activities | 25 | (2,340) |
| Net change from operating, investing, and financing activities | (15,444) | 4,289 |
| Cash and cash equivalents at beginning of period | 47,399 | 43,110 |
| Cash and cash equivalents at end of period | $31,955 | $47,399 |
| Non-cash investing and financing activities | ||
| Capital expenditures included in accounts payable | $12 | $506 |
| Conversion of Class B common stock to Class A common stock | $6,883 | $9,548 |
| Operating lease right-of-use assets obtained in exchange for lease liabilities | $1,818 | $1,150 |
| Supplemental Disclosure of Cash Flow Information: | ||
| Cash paid for interest | $79 | $64 |
| Cash paid for income taxes | $127 | $69 |
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