Taboolacom Ltd
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 28, 2024
TBLA$2.02-6.0%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
| Year ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash flows from operating activities | |||
| Net loss | $(82,040) | $(11,975) | $(24,948) |
| Adjustments to reconcile net loss to net cash flows provided by operating activities: | |||
| Depreciation and amortization | 96,512 | 91,221 | 53,111 |
| Share-based compensation expenses | 64,331 | 74,921 | 127,957 |
| Net loss (gain) from financing expenses | (816) | 4,476 | (2,320) |
| Revaluation of the Warrants liability | (627) | (24,471) | (22,656) |
| Amortization of loan and credit facility issuance costs | 1,619 | 2,009 | 402 |
| Amortization of premium and accretion of discount on short-term investments, net | (914) | (679) | — |
| Loss from disposal of property and equipment | 1,571 | — | — |
| Change in operating assets and liabilities: | |||
| Increase in trade receivables, net | (49,599) | (11,242) | (40,113) |
| Decrease (increase) in prepaid expenses and other current assets and long-term prepaid expenses | 5,934 | (10,785) | (64,923) |
| Increase (decrease) in trade payables | 36,563 | (16,825) | 23,862 |
| Increase (decrease) in accrued expenses and other current liabilities and other long-term liabilities | 25,202 | (21,932) | 16,182 |
| Decrease in deferred taxes, net | (15,496) | (17,329) | (1,581) |
| Change in operating lease right of use assets | 16,830 | 15,528 | 14,529 |
| Change in operating lease liabilities | (14,697) | (19,433) | (15,981) |
| Net cash provided by operating activities | 84,373 | 53,484 | 63,521 |
| Cash flows from investing activities | |||
| Purchase of property and equipment, including capitalized internal-use software | (32,133) | (34,914) | (39,070) |
| Cash paid in connection with acquisitions, net of cash acquired | — | (7,981) | (583,457) |
| Proceeds from (investment in) restricted deposits | (730) | 91 | 2,067 |
| Proceeds from maturities of short-term investments | 114,494 | 29,624 | — |
| Purchase of short-term investments | (21,991) | (126,381) | — |
| Net cash provided by (used in) investing activities | 59,640 | (139,561) | (620,460) |
| Cash flows from financing activities | |||
| Exercise of options and vested RSUs | 6,953 | 8,387 | 10,018 |
| Issuance of Ordinary shares, net of offering costs | — | — | 285,378 |
| Payment of tax withholding for share-based compensation expenses | (3,804) | (5,751) | (6,152) |
| Repurchase of Ordinary shares | (55,513) | — | — |
| Proceeds from long-term loan, net of debt issuance costs | — | — | 288,750 |
| Repayment of long-term loan | (82,250) | (64,264) | (750) |
| Costs associated with entering into a revolving credit facility | — | (1,245) | — |
| Issuance of Warrants | — | — | 53,883 |
| Net cash provided by (used in) financing activities | (134,614) | (62,873) | 631,127 |
| Exchange rate differences on balances of cash and cash equivalents | 816 | (4,476) | 2,320 |
| Increase (decrease) in cash and cash equivalents | 10,215 | (153,426) | 76,508 |
| Cash and cash equivalents - at the beginning of the period | 165,893 | 319,319 | 242,811 |
| Cash and cash equivalents - at the end of the period | $176,108 | $165,893 | $319,319 |
| Year ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Supplemental disclosures of cash flow information: | |||
| Cash paid during the year for: | |||
| Income taxes | $18,011 | $28,798 | $15,475 |
| Interest | $18,488 | $20,712 | $1,125 |
| Non-cash investing and financing activities: | |||
| Purchase of property and equipment, including capitalized internal-use software | $639 | $1,657 | $1,120 |
| Share-based compensation included in capitalized internal-use software | $2,253 | $1,932 | $783 |
| Creation of operating lease right-of-use assets | $11,730 | $17,269 | $4,520 |
| Fair value of Ordinary shares issued as consideration of the acquisition | $— | $— | $157,689 |
| Issuance of Ordinary shares and Non-voting Ordinary shares related to Commercial agreement | $288,063 | $— | $— |
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
U.S. dollars in thousands, except share and per share data
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