COMSCORE INC
For the period ended Dec 31, 2024. Filed Mar 6, 2025.
View on SEC.govAbout this filing
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.
FY2024 · Filed Mar 6, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. CONSOLIDATED STATEMENTS OF CASH FLOWS
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Years Ended December 31, | |||
|---|---|---|---|
| (In thousands) | 2024 | 2023 | 2022 |
| Operating activities: | |||
| Net loss | $(60,248) | $(79,361) | $(66,561) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Impairment of goodwill | 63,000 | 78,200 | 46,300 |
| Depreciation | 22,087 | 19,778 | 16,828 |
| Non-cash operating lease expense | 5,240 | 5,456 | 6,060 |
| Amortization expense of finance leases | 3,651 | 1,929 | 2,364 |
| Stock-based compensation expense | 3,191 | 4,535 | 8,178 |
| Amortization of intangible assets | 3,057 | 5,213 | 27,096 |
| Impairment of right-of-use and long-lived assets | 1,397 | 1,502 | 156 |
| Change in fair value of warrant liability | (669) | (49) | (9,802) |
| Deferred tax provision | (841) | (35) | (475) |
| Other | 2,008 | 2,297 | 4,468 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (1,649) | 4,781 | 2,596 |
| Prepaid expenses and other assets | 1,987 | 2,185 | (805) |
| Accounts payable, accrued expenses, and other liabilities | (10,570) | (4,121) | 7,396 |
| Contract liability and customer advances | (4,739) | (5,517) | (1,587) |
| Operating lease liabilities | (8,798) | (7,867) | (7,275) |
| Net cash provided by operating activities | 18,104 | 28,926 | 34,937 |
| Investing activities: | |||
| Capitalized internal-use software costs | (23,249) | (22,206) | (16,685) |
| Purchases of property and equipment | (813) | (1,580) | (1,137) |
| Net cash used in investing activities | (24,062) | (23,786) | (17,822) |
| Financing activities: | |||
| Proceeds from secured term loan | 45,000 | — | — |
| Proceeds from insurance financing | 2,118 | — | — |
| Payments for dividends on convertible redeemable preferred stock (1) | — | — | (15,512) |
| Principal payments on insurance financing | (2,122) | — | — |
| Principal payments on finance leases | (2,852) | (2,066) | (2,519) |
| Contingent consideration payment at initial value | (3,704) | (1,037) | — |
| Payments of debt issuance costs | (4,551) | — | — |
| Payments of line of credit | (16,000) | — | — |
| Other | (266) | (291) | (101) |
| Net cash provided by (used in) financing activities | 17,623 | (3,394) | (18,132) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (1,133) | 748 | (820) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 10,532 | 2,494 | (1,837) |
| Cash, cash equivalents and restricted cash at beginning of period | 22,936 | 20,442 | 22,279 |
| Cash, cash equivalents and restricted cash at end of period | $33,468 | $22,936 | $20,442 |
| As of December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash and cash equivalents | $29,937 | $22,750 | $20,044 |
| Restricted cash | 3,531 | 186 | 398 |
| Total cash, cash equivalents and restricted cash | $33,468 | $22,936 | $20,442 |
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Supplemental cash flow disclosures: | |||
| Interest paid | $1,211 | $1,542 | $652 |
| Income taxes paid, net of refunds | 1,305 | 2,108 | 1,804 |
| Operating cash flows from operating leases | 11,081 | 10,922 | 10,364 |
| Operating cash flows from finance leases | 712 | 244 | 338 |
| Supplemental non-cash activities: | |||
| Issuance of convertible redeemable preferred stock (related parties) (1) (2) | 32,771 | — | — |
| Convertible redeemable preferred stock dividends accrued but not yet paid (1) | 8,962 | 16,270 | 7,863 |
| Right-of-use assets obtained in exchange for finance lease liabilities | 7,861 | 3,195 | 1,106 |
| Settlement of restricted stock unit liability | 1,895 | 2,762 | 1,718 |
| Modification of operating right-of-use assets | 1,216 | 292 | — |
| Change in accounts payable and accrued expenses related to capital expenditures | 653 | 1,130 | 1,162 |
| Accrued debt issuance costs | 559 | — | — |
| Right-of-use assets obtained in exchange for new operating lease liabilities | — | 1,211 | 908 |
(1) Transactions for these line items were exclusively with related parties (refer to Footnote 4, Convertible Redeemable Preferred Stock and Stockholders' Equity (Deficit), and Footnote 13, Related Party Transactions, of the Notes to Consolidated Financial Statements for additional information).
(2) The convertible redeemable preferred stock issued in 2024 was initially recognized at fair value. The Company recorded the initial fair value, net of issuance costs, of $19.6 million within mezzanine equity and the remaining $13.0 million within additional paid-in capital on the Consolidated Balance Sheets. Refer to Footnote 4, Convertible Redeemable Preferred Stock and Stockholders' Equity (Deficit), of the Notes to Consolidated Financial Statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.