LifeStance Health Group Inc
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
LFST$14.56-0.3%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
(In thousands)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net loss | $(57,443) | $(186,262) | $(215,564) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 70,950 | 80,437 | 69,198 |
| Non-cash operating lease costs | 39,502 | 39,987 | 38,161 |
| Stock-based compensation | 76,172 | 99,388 | 187,430 |
| Deferred income taxes | (958) | (21,920) | (16,733) |
| Loss on debt extinguishment | 5,032 | — | 3,380 |
| Amortization of discount and debt issue costs | 1,666 | 2,101 | 1,949 |
| (Gain) loss on remeasurement of contingent consideration | (1,725) | (3,972) | 1,688 |
| Other, net | 1,431 | 7,080 | 218 |
| Change in operating assets and liabilities, net of businesses acquired: | |||
| Patient accounts receivable, net | (6,397) | (24,175) | (21,663) |
| Prepaid expenses and other current assets | (3,332) | (3,070) | (3,431) |
| Accounts payable | 501 | (5,605) | 7,667 |
| Accrued payroll expenses | 14,984 | 26,484 | 12,100 |
| Operating lease liabilities | (46,748) | (37,564) | (13,169) |
| Other accrued expenses | 13,625 | 10,207 | 1,558 |
| Net cash provided by (used in) operating activities | $107,260 | $(16,884) | $52,789 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Purchases of property and equipment | (21,566) | (40,520) | (79,255) |
| Acquisitions of businesses, net of cash acquired | — | (19,820) | (60,206) |
| Net cash used in investing activities | $(21,566) | $(60,340) | $(139,461) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Proceeds from long-term debt, net of discount | 287,809 | 57,753 | 257,324 |
| Payments of debt issue costs | (1,818) | (188) | (7,266) |
| Payments of long-term debt | (289,494) | (2,470) | (187,766) |
| Prepayment for debt paydown | — | — | (1,609) |
| Payments of contingent consideration | (6,444) | (7,668) | (12,515) |
| Taxes related to net share settlement of equity awards | — | — | (904) |
| Net cash (used in) provided by financing activities | $(9,947) | $47,427 | $47,264 |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 75,747 | (29,797) | (39,408) |
| Cash and Cash Equivalents - Beginning of period | 78,824 | 108,621 | 148,029 |
| CASH AND CASH EQUIVALENTS – END OF PERIOD | $154,571 | $78,824 | $108,621 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | |||
| Cash paid for interest, net | $24,992 | $21,044 | $14,365 |
| Cash paid for taxes, net of refunds | $57 | $80 | $2,237 |
| SUPPLEMENTAL DISCLOSURES OF NON CASH INVESTING AND FINANCING ACTIVITIES | |||
| Equipment financed through finance leases | $— | $— | $363 |
| Contingent consideration incurred in acquisitions of businesses | $— | $1,985 | $11,221 |
| Acquisition of property and equipment included in liabilities | $1,469 | $3,827 | $7,891 |
| Surrender of common stock | $— | $— | $982 |
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