Definitive Healthcare Corp
For the period ended Sep 30, 2024. Filed Nov 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.
Sep 30, 2024 · Filed Nov 7, 2024
DH$1.19+6.2%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 (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows provided by (used in) operating activities: | ||
| Net loss | $(506,729) | $(276,265) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 1,719 | 1,391 |
| Amortization of intangible assets | 36,816 | 37,358 |
| Amortization of deferred contract costs | 11,463 | 9,475 |
| Equity-based compensation | 30,720 | 35,485 |
| Amortization of debt issuance costs | 527 | 527 |
| Provision for doubtful accounts receivable | 947 | 820 |
| Non-cash impairment charges related to office leases | 1,047 | 155 |
| Goodwill impairment charges | 591,794 | 287,400 |
| Tax receivable agreement remeasurement | (68,151) | (24,977) |
| Changes in fair value of contingent consideration | (3,240) | — |
| Deferred income taxes | (36,609) | (19,728) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 23,148 | 19,370 |
| Prepaid expenses and other assets | (7,205) | (5,808) |
| Deferred contract costs | (8,275) | (13,020) |
| Contingent consideration | (602) | — |
| Accounts payable, accrued expenses, and other liabilities | (5,173) | (1,589) |
| Deferred revenue | (12,136) | (14,113) |
| Net cash provided by operating activities | 50,061 | 36,481 |
| Cash flows (used in) provided by investing activities: | ||
| Purchases of property, equipment, and other assets | (1,443) | (2,383) |
| Purchases of short-term investments | (192,670) | (213,613) |
| Maturities of short-term investments | 207,504 | 174,830 |
| Cash paid for acquisitions, net of cash acquired | (13,530) | (45,023) |
| Net cash used in investing activities | (139) | (86,189) |
| Cash flows used in financing activities: | ||
| Repayments of term loans | (10,313) | (5,156) |
| Taxes paid related to net share settlement of equity awards | (7,270) | (3,397) |
| Repurchases of Class A Common Stock | (15,037) | — |
| Payments of contingent consideration | (1,000) | — |
| Payments under tax receivable agreement | (6,950) | (246) |
| Payments of equity offering issuance costs | — | (30) |
| Member distributions | (2,811) | (10,693) |
| Net cash used in financing activities | (43,381) | (19,522) |
| Net decrease in cash and cash equivalents | 6,541 | (69,230) |
| Effect of exchange rate changes on cash and cash equivalents | 92 | (244) |
| Cash and cash equivalents, beginning of period | 130,976 | 146,934 |
| Cash and cash equivalents, end of period | $137,609 | $77,460 |
| Supplemental cash flow disclosures: | ||
| Cash paid during the period for: | ||
| Interest | $10,886 | $10,772 |
| Income taxes | $— | $136 |
| Acquisitions: | ||
| Net assets acquired, net of cash acquired | $13,675 | $52,659 |
| Working capital adjustment receivable | (145) | 164 |
| Contingent consideration | — | (7,800) |
| Net cash paid for acquisitions | $13,530 | $45,023 |
| Supplemental disclosure of non-cash investing activities: | ||
| Capital expenditures included in accounts payable and accrued expenses and other liabilities | $1,085 | $283 |
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