MICROSTRATEGY Inc
For the period ended Dec 31, 2024. Filed Feb 18, 2025.
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FY2024 · Filed Feb 18, 2025
MSTR$125.59-2.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Operating activities: | |||
| Net (loss) income | $(1,166,661) | $429,121 | $(1,469,797) |
| Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: | |||
| Depreciation and amortization | 17,808 | 14,527 | 10,874 |
| Reduction in carrying amount of right-of-use assets | 8,475 | 8,643 | 8,072 |
| Credit losses and sales allowances | 649 | 1,387 | 939 |
| Deferred taxes | (774,586) | (568,949) | 131,493 |
| Release of liabilities for unrecognized tax benefits | (1,265) | (506) | (360) |
| Share-based compensation expense | 77,124 | 69,571 | 63,619 |
| Digital asset impairment losses (gains on sale), net | 1,789,862 | 115,851 | 1,286,286 |
| Amortization of issuance costs on long-term debt | 15,336 | 8,808 | 8,694 |
| Loss (gain) on debt extinguishment | 22,933 | (44,686) | 0 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 5,688 | 10,307 | (5,292) |
| Prepaid expenses and other current assets | 3,804 | (11,358) | (6,342) |
| Deposits and other assets | (10,668) | (632) | (7,455) |
| Accounts payable and accrued expenses | 1,141 | (634) | (3,521) |
| Accrued compensation and employee benefits | (34,563) | (12,000) | (12,344) |
| Accrued interest | 4,193 | (1,336) | 1,336 |
| Deferred revenue and advance payments | 1,049 | 2,362 | 14,839 |
| Operating lease liabilities | (10,510) | (10,218) | (9,634) |
| Other long-term liabilities | (2,841) | 2,454 | (8,196) |
| Net cash (used in) provided by operating activities | (53,032) | 12,712 | 3,211 |
| Investing activities: | |||
| Purchases of digital assets | (22,072,759) | (1,902,299) | (287,921) |
| Proceeds from sale of digital assets | 0 | 0 | 11,817 |
| Advance deposits on purchases of property and equipment | (10,500) | 0 | 0 |
| Purchases of property and equipment | (2,978) | (2,938) | (2,486) |
| Net cash used in investing activities | (22,086,237) | (1,905,237) | (278,590) |
| Financing activities: | |||
| Proceeds from convertible senior notes | 6,213,750 | 0 | 0 |
| Issuance costs paid for convertible senior notes | (81,033) | 0 | 0 |
| Payments to settle conversions and redemption of convertible senior notes | (398) | 0 | 0 |
| Proceeds from secured term loan, net of lender fees | 0 | 0 | 204,693 |
| Issuance costs paid for secured term loan, excluding lender fees | 0 | 0 | (107) |
| Repayments of secured debt and third-party extinguishment costs | (515,414) | (160,033) | 0 |
| Proceeds from other long-term secured debt | 0 | 0 | 11,100 |
| Issuance costs paid for other long-term secured debt | 0 | 0 | (270) |
| Principal payments of other long-term secured debt | (539) | (513) | (246) |
| Proceeds from sale of common stock under public offerings | 16,363,023 | 2,029,214 | 46,592 |
| Issuance costs paid related to sale of common stock under public offerings | (33,166) | (9,141) | (358) |
| Proceeds from exercise of stock options | 184,287 | 30,518 | 1,393 |
| Proceeds from sales under employee stock purchase plan | 4,304 | 3,955 | 4,473 |
| Payment of withholding tax on vesting of restricted stock units | (2,173) | (4,114) | (2,082) |
| Net cash provided by financing activities | 22,132,641 | 1,889,886 | 265,188 |
| Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash | (2,148) | 444 | (3,375) |
| Net decrease in cash, cash equivalents, and restricted cash | (8,776) | (2,195) | (13,566) |
| Cash, cash equivalents, and restricted cash, beginning of year | 48,673 | 50,868 | 64,434 |
| Cash, cash equivalents, and restricted cash, end of year | $39,897 | $48,673 | $50,868 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid during the year for interest | $44,571 | $41,229 | $43,448 |
| Cash paid during the year for income taxes, net of tax refunds | $1,059 | $30,318 | $21,973 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.