Taboolacom Ltd
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
View on SEC.govAbout this filing
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
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Interim Statements of Cash Flows
| Nine months ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Unaudited | ||
| Cash flows from operating activities | ||
| Net loss | $(36,903) | $(85,763) |
| Adjustments to reconcile net loss to net cash flows provided by operating activities: | ||
| Depreciation and amortization | 75,976 | 70,709 |
| Share-based compensation expenses | 51,892 | 48,868 |
| Commercial agreement asset amortization | 1,390 | — |
| Net loss (income) from financing expenses | (1,131) | 1,269 |
| Revaluation of the Warrants liability | (4,625) | (733) |
| Amortization of loan and credit facility issuance costs | 1,092 | 1,220 |
| Amortization of premium and accretion of discount on short-term investments, net | 230 | (923) |
| Change in operating assets and liabilities: | ||
| Decrease in trade receivables, net (1) | 12,977 | 24,590 |
| Decrease in prepaid expenses and other current assets and long-term prepaid expenses | 23,787 | 2,554 |
| Increase (decrease) in trade payables (2) | (12,901) | 2,222 |
| Increase in accrued expenses and other current liabilities and other long-term liabilities | 23,027 | 5,377 |
| Decrease in deferred taxes, net | (10,962) | (8,218) |
| Change in operating lease right of use assets | 14,638 | 12,447 |
| Change in operating lease liabilities | (16,091) | (12,038) |
| Net cash provided by operating activities | 122,396 | 61,581 |
| Cash flows from investing activities | ||
| Purchase of property and equipment, including capitalized internal-use software | (25,130) | (19,839) |
| Business acquisition deferred payment | (719) | — |
| Investments in restricted deposits | — | (594) |
| Proceeds from maturities of short-term investments | 5,765 | 107,669 |
| Purchase of short-term investments | — | (21,991) |
| Net cash provided by (used in) investing activities | (20,084) | 65,245 |
| Cash flows from financing activities | ||
| Issuance costs | (695) | — |
| Exercise of options and vested RSUs | 5,709 | 5,429 |
| Payment of tax withholding for share-based compensation expenses | (2,396) | (3,213) |
| Repurchase of Ordinary shares | (64,517) | (23,157) |
| Payments on account of repurchase of Ordinary shares | (422) | — |
| Repayment of long-term loan | — | (32,250) |
| Net cash used in financing activities | (62,321) | (53,191) |
| Exchange rate differences on balances of cash and cash equivalents | 1,131 | (1,269) |
| Increase in cash and cash equivalents | 41,122 | 72,366 |
| Cash and cash equivalents - at the beginning of the period | 176,108 | 165,893 |
| Cash and cash equivalents - at end of the period | $217,230 | $238,259 |
(1)Includes an increase in related party trade receivables of $39,461 and $4,791, for the nine months ended September 30, 2024 and 2023, respectively.
(2)Includes an increase in related party trade payables of $11,964 and $4,717, for the nine months ended September 30, 2024 and 2023, respectively.
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CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS
| Nine months ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Unaudited | ||
| Supplemental disclosures of cash flow information: | ||
| Cash paid during the year for: | ||
| Income taxes | $13,396 | $9,935 |
| Interest | $11,054 | $14,580 |
| Non-cash investing and financing activities: | ||
| Purchase of property and equipment, including capitalized internal-use software | $4,508 | $5,694 |
| Share-based compensation included in capitalized internal-use software | $1,745 | $1,731 |
| Creation of operating lease right-of-use assets | $13,221 | $10,604 |
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NOTES TO THE CONSOLIDATED
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