Xperi Inc
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
XPER$5.95+2.1%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
XPERIINC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net loss | $(869) | $(139,688) | $(761,206) |
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | |||
| Gain from divestitures | (100,833) | — | — |
| Deferred income taxes | (2,933) | (8,596) | (9,261) |
| Accrued interest income from note receivable | (2,026) | — | — |
| Accretion of discount from deferred consideration from divestitures | (1,061) | — | — |
| Stock-based compensation | 60,541 | 69,531 | 45,303 |
| Amortization of intangible assets | 43,376 | 57,752 | 62,209 |
| Depreciation of property and equipment | 12,638 | 16,645 | 20,501 |
| Loss from deconsolidation of Perceive subsidiary | 4,839 | — | — |
| Impairment of long-lived assets | 1,535 | 1,710 | 7,724 |
| Goodwill impairment | — | — | 604,555 |
| Other | 1,225 | 748 | 24 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (5,496) | 5,721 | 17,505 |
| Unbilled contracts receivable | (46,315) | (19,386) | (12,473) |
| Prepaid expenses and other assets | 11,071 | 2,696 | (20,439) |
| Accounts payable | (3,041) | 5,071 | 6,633 |
| Accrued and other liabilities | (25,325) | 3,688 | 18,782 |
| Deferred revenue | (2,666) | 4,170 | (8,302) |
| Net cash (used in) provided by operating activities | (55,340) | 62 | (28,445) |
| Cash flows from investing activities: | |||
| Net proceeds from divestitures | 67,773 | — | — |
| Capitalized internal-use software | (11,715) | (5,933) | (1,104) |
| Purchases of property and equipment | (5,043) | (6,815) | (13,103) |
| Purchases of intangible assets | (195) | (185) | (166) |
| Net cash paid for mergers and acquisitions | — | — | (50,473) |
| Net cash provided by (used in) investing activities | 50,820 | (12,933) | (64,846) |
| Cash flows from financing activities: | |||
| Repurchases of common stock | (19,990) | — | — |
| Withholding taxes related to net share settlement of equity awards | (7,215) | (4,875) | (286) |
| Proceeds from issuance of common stock under employee stock purchase plan | 7,855 | 11,927 | — |
| Net proceeds from capital contributions by Former Parent | — | — | 83,235 |
| Net transfers from Former Parent | — | — | 52,802 |
| Net cash (used in) provided by financing activities | (19,350) | 7,052 | 135,751 |
| Effect of exchange rate changes on cash and cash equivalents | — | 126 | (3,028) |
| Net (decrease) increase in cash and cash equivalents | (23,870) | (5,693) | 39,432 |
| Cash and cash equivalents at beginning of period | 154,434 | 160,127 | 120,695 |
| Cash and cash equivalents at end of period (1) | $130,564 | $154,434 | $160,127 |
| (1) Included $12.3 million of cash and cash equivalents classified as held for sale at December 31, 2023. | |||
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Reconciliation of cash, cash equivalents and cash classified as held-for-sale to consolidated balance sheets: | |||
| Cash and cash equivalents | $130,564 | $142,085 | $160,127 |
| Cash and cash equivalents classified as held-for-sale, current (Note 7) | — | 12,349 | — |
| Total cash, cash equivalents and cash classified as held-for-sale in consolidated balance sheets | $130,564 | $154,434 | $160,127 |
| Supplemental disclosure of cash flow information: | |||
| Income taxes paid, net of refunds | $19,122 | $21,333 | $13,416 |
| Interest paid | $3,008 | $3,000 | $756 |
| Supplemental disclosure of noncash investing and financing activities: | |||
| Note receivable in exchange for consideration from divestitures | $27,676 | $— | $— |
| Deferred consideration from divestiture | $17,156 | $— | $— |
| Property and equipment included in accounts payable | $516 | $1,343 | $184 |
| Costs capitalized for internal-use software included in accrued liabilities | $414 | $— | $— |
| Debt issued in connection with acquisition | $— | $— | $50,000 |
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