Paymentus Holdings Inc
For the period ended Mar 31, 2024. Filed May 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
PAY$34.12-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(In thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net income | $7,226 | $704 |
| Adjustments to reconcile net income to net cash provided by operating activities | ||
| Depreciation and amortization | 8,537 | 7,239 |
| Deferred income taxes | 92 | 92 |
| Stock-based compensation | 2,933 | 2,159 |
| Non-cash lease expense | 506 | 462 |
| Amortization of contract asset | 451 | 696 |
| Provision for (benefit from) expected credit losses | 48 | (239) |
| Other non-recurring income | (213) | — |
| Change in operating assets and liabilities | ||
| Accounts and other receivables | (7,850) | (8,333) |
| Prepaid expenses and other current and long-term assets | (993) | 861 |
| Accounts payable | 5,793 | 3,297 |
| Accrued liabilities | (8,166) | (2,749) |
| Operating lease liabilities | (446) | (469) |
| Contract liabilities | 28 | 2,061 |
| Income taxes receivable, net of payable | 3,008 | (1,018) |
| Net cash provided by operating activities | 10,954 | 4,763 |
| Cash flows from investing activities | ||
| Purchases of property and equipment | (116) | (67) |
| Purchase of interest-bearing deposits | (723) | — |
| Proceeds from matured interest-bearing deposits | 602 | — |
| Capitalized internal-use software development costs | (9,276) | (8,219) |
| Net cash used in investing activities | (9,513) | (8,286) |
| Cash flows from financing activities | ||
| Proceeds from exercise of stock-based awards | 100 | 5 |
| Settlement of holdback liability related to prior acquisitions | (506) | — |
| Payments on other financing obligations | — | (1,025) |
| Payments on finance leases | — | (102) |
| Net cash used in financing activities | (406) | (1,122) |
| Effect of exchange rate changes on Cash and cash equivalents and Restricted cash | (78) | (17) |
| Net increase (decrease) in cash, cash equivalents and Restricted cash | 957 | (4,662) |
| Cash and cash equivalents and Restricted cash at the beginning of period | 183,195 | 149,685 |
| Cash and cash equivalents and Restricted cash at the end of period | $184,152 | $145,023 |
| Reconciliation of Cash and cash equivalents and Restricted Cash: | ||
| Cash and cash equivalents at the beginning of period | 179,361 | 147,334 |
| Restricted cash at the beginning of period | 3,834 | 2,351 |
| Cash and cash equivalents and Restricted cash at the beginning of period | $183,195 | $149,685 |
| Cash and cash equivalents at the end of period | 180,138 | 143,637 |
| Restricted cash at the end of period | 4,014 | 1,386 |
| Cash and cash equivalents and Restricted cash at the end of period | $184,152 | $145,023 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for income taxes, net of refunds | $434 | $616 |
| Property and equipment purchases in accounts payable | $87 | $119 |
| Software purchases in accounts payable | $16 | — |
| Right-of-use assets obtained in exchange of operating lease obligations | $97 | $1,356 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.