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Rumble Inc

For the period ended Dec 31, 2023. Filed Mar 27, 2024.

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About 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.

FY2023 · Filed Mar 27, 2024

RUM$5.11+0.6%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 8. Consolidated Statements of Cash Flows

Rumble Inc.

Consolidated Statements of Cash Flows

(Expressed in U.S. Dollars)

For the year ended December 31,20232022
Cash flows provided by (used in)
Operating activities
Net loss for the period$(116,420,462)$(11,403,994)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization and depreciation4,850,8121,556,056
Share-based compensation16,283,2291,933,403
Non-cash portion interest expense58,81536,621
Amortization on right-of-use assets788,799528,220
Change in fair value of warrants(2,365,895)(21,010,500)
Change in fair value of contingent consideration(1,922,381)-
Changes in operating assets and liabilities:
Accounts receivable(674,981)(2,935,399)
Prepaid expenses and other(4,990,778)(9,500,432)
Accounts payable and accrued liabilities9,612,7287,996,298
Deferred revenue5,963,2721,010,605
Deferred taxes(3,323,744)-
Operating lease liabilities(770,727)(496,835)
Net cash used in operating activities(92,911,313)(32,285,957)
Investing activities
Purchase of property and equipment(14,572,933)(8,544,398)
Purchase of intangible assets(2,915,085)(494,769)
Purchase of marketable securities(1,135,200)(1,100,000)
Sale of marketable securities1,100,000-
Cash acquired in connection with Callin acquisition1,000,989-
Acquisition of North River, net of cash acquired(7,249,085)-
Net cash used in investing activities(23,771,314)(10,139,167)
Financing activities
Taxes paid from net share settlement for share-based compensation(2,107,516)-
Proceeds from other liabilities-250,000
Proceeds from Qualifying Transaction-399,807,596
Repurchase of Class C Common Stock-(11,000,000)
Repayment of Sponsor loan in connection with Qualifying Transaction-(2,173,353)
Share issuance costs(40,478)(54,091,750)
Net cash (used in) provided by financing activities(2,147,994)332,792,493
Effect of exchange rate changes on cash and cash equivalents-(45,465)
(Decrease) increase in cash and cash equivalents during the period(118,830,621)290,321,904
Cash and cash equivalents, beginning of period337,169,27946,847,375
Cash and cash equivalents, end of period$218,338,658$337,169,279
Supplemental cash flow information:
Cash paid for income taxes$31,974$5,180
Cash paid for interest4,21254
Cash paid for lease liabilities770,727841,756
Non-cash investing and financing activities:
Property and equipment in accounts payable and accrued liabilities123,946621,045
Settlement of loan receivable in exchange for Class A Common Stock391,235-
Non-cash consideration related to the acquisition of Callin (Note 3)18,226,572-
Recognition of operating right-of-use assets in exchange for operating lease liabilities1,906,248228,886
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.