DOCUSIGN INC

For the period ended Jul 31, 2024. Filed Sep 6, 2024.

About 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.

Jul 31, 2024 · Filed Sep 6, 2024

DOCU$77.66-0.1%Stored close · as of Nov 10, 2026

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

See the whole filing, with its images and exhibits

Contents

Condensed Consolidated Statements of Cash Flows for the and

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

	Six Months Ended July 31,
(in thousands)	2024	2023
Cash flows from operating activities:
Net income	$921,971	$7,934
Adjustments to reconcile net income provided by operating activities:
Depreciation and amortization	51,528	48,105
Amortization of deferred contract acquisition and fulfillment costs	111,467	98,382
Amortization of debt discount and transaction costs	277	2,495
Non-cash operating lease costs	9,862	11,731
Stock-based compensation expense	307,160	296,413
Deferred income taxes	(824,561)	3,420
Other	5,323	(782)
Changes in operating assets and liabilities:
Accounts receivable	123,571	99,803
Prepaid expenses and other current assets	(17,067)	(14,420)
Deferred contract acquisition and fulfillment costs	(131,255)	(113,356)
Other assets	(15,058)	(8,433)
Accounts payable	(11,575)	(20,294)
Accrued expenses and other liabilities	(8,160)	10,164
Accrued compensation	(19,902)	(3,312)
Contract liabilities	(16,526)	40,458
Operating lease liabilities	(12,021)	(13,657)
Net cash provided by operating activities	475,034	444,651
Cash flows from investing activities:
Cash paid for acquisition, net of acquired cash	(143,611)	—
Purchases of marketable securities	(223,241)	(174,372)
Maturities of marketable securities	175,623	164,017
Purchases of strategic and other investments	(625)	(120)
Purchases of property and equipment	(45,033)	(46,436)
Net cash used in investing activities	(236,887)	(56,911)
Cash flows from financing activities:
Repurchases of common stock	(349,138)	(70,480)
Settlement of capped calls, net of related costs	—	23,688
Payment of tax withholding obligation on net RSU settlement and ESPP purchase	(81,083)	(62,681)
Proceeds from exercise of stock options	1,089	832
Proceeds from employee stock purchase plan	20,190	18,390
Net cash used in financing activities	(408,942)	(90,251)
Effect of foreign exchange on cash, cash equivalents and restricted cash	(2,677)	2,290
Net increase (decrease) in cash, cash equivalents and restricted cash	(173,472)	299,779
Cash, cash equivalents and restricted cash at beginning of period (1)	801,499	723,201
Cash, cash equivalents and restricted cash at end of period (1)	$628,027	$1,022,980

(1) $9.0 million and $4.4 million of restricted cash was included in Prepaid expenses and other current assets and Other assets—noncurrent at July 31, 2024 and January 31, 2024. $5.2 million and $1.3 million of restricted cash was included in Prepaid expenses and other current assets and in Other assets—noncurrent at July 31, 2023 and January 31, 2023.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (Continued)

	Six Months Ended July 31,
(in thousands)	2024	2023
Supplemental disclosure:
Cash paid for interest	$—	$93
Cash paid for operating lease liabilities	15,320	19,475
Cash paid for income taxes	13,207	6,090
Non-cash investing and financing activities:
Property and equipment in accounts payable and accrued expenses and other current liabilities	$1,639	$4,224
Operating lease right-of-use assets exchanged for lease obligations	4,707	—
Excise tax payable on net stock repurchase	1,660	—

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.