Corsair Gaming Inc
For the period ended Sep 30, 2024. Filed Nov 6, 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.
Sep 30, 2024 · Filed Nov 6, 2024
CRSR$12.27+0.9%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
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(86,122) | $(8,613) |
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | ||
| Stock-based compensation | 23,125 | 23,245 |
| Depreciation | 9,494 | 9,016 |
| Amortization | 28,582 | 29,005 |
| Deferred income taxes, net of valuation allowance | 12,766 | (7,724) |
| Other | 2,789 | 2,493 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 74,258 | (18,070) |
| Inventories | (9,569) | (35,452) |
| Prepaid expenses and other assets | 216 | (4,551) |
| Accounts payable | (61,316) | 38,287 |
| Other liabilities and accrued expenses | (13,901) | 4,424 |
| Net cash (used in) provided by operating activities | (19,678) | 32,060 |
| Cash flows from investing activities: | ||
| Acquisition of business, net of cash acquired | (43,131) | (14,220) |
| Purchase of property and equipment | (8,351) | (10,784) |
| Purchase of intangible asset | (100) | — |
| Purchase price adjustment related to business acquisition | 1,041 | — |
| Net cash used in investing activities | (50,541) | (25,004) |
| Cash flows from financing activities: | ||
| Repayment of debt | (21,250) | (16,250) |
| Borrowings from line of credit | 21,500 | — |
| Repayment of line of credit | (21,500) | — |
| Purchase of additional ownership interest | (19,750) | — |
| Payment of deferred and contingent consideration | (4,942) | (950) |
| Proceeds from issuance of shares through employee equity incentive plans | 5,110 | 6,790 |
| Payment of taxes related to net share settlement of equity awards | (562) | (1,318) |
| Dividend paid to noncontrolling interest | (5,222) | (980) |
| Payment of other offering costs | — | (497) |
| Net cash used in financing activities | (46,616) | (13,205) |
| Effect of exchange rate changes on cash | (123) | (141) |
| Net decrease in cash and restricted cash | (116,958) | (6,290) |
| Cash and restricted cash at the beginning of the period | 178,564 | 154,060 |
| Cash and restricted cash at the end of the period | $61,606 | $147,770 |
| Supplemental cash flow disclosures: | ||
| Cash paid for interest | $9,830 | $12,742 |
| Cash paid for income taxes, net | 5,223 | 4,457 |
| Supplemental schedule of non-cash investing and financing activities: | ||
| Equipment purchased and unpaid at period end | $1,946 | $1,203 |
| Right-of-use assets obtained in exchange for operating lease liabilities | 27,555 | 1,513 |
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