LEGALZOOMCOM INC

For the period ended Dec 31, 2024. Filed Feb 26, 2025.

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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.

FY2024 · Filed Feb 26, 2025

LZ$4.71-2.9%Stored close · as of Nov 10, 2026

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Contents

Item 8. Consolidated Statements of Cash Flows

Consolidated Statements of Cash Flows

	Year Ended December 31,
	2024	2023	2022
Cash flows from operating activities
Net income (loss)	$29,963	$13,953	$(48,733)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	34,927	25,383	21,745
Amortization of debt issuance costs	227	227	227
Amortization of right-of-use assets	2,132	2,692	2,049
Stock-based compensation	71,510	66,015	80,469
Impairment of long-lived assets	—	—	248
Impairment of other equity security	—	—	3,000
Deferred income taxes	(4,552)	4,712	(793)
Change in fair value of contingent consideration	—	(836)	(150)
Unrealized foreign exchange loss (gain)	648	(1,387)	3,558
Other	—	(39)	168
Changes in operating assets and liabilities, net of effects of business combinations, asset acquisition and disposal of business:
Accounts receivable	3,227	1,441	(2,505)
Prepaid expenses and other current assets	(2,775)	1,557	(523)
Other assets	707	435	179
Accounts payable	(817)	5,025	(6,609)
Accrued expenses and other liabilities	(4,156)	4,119	6,535
Operating lease liabilities	(1,942)	(2,319)	(2,135)
Income tax payable	(44)	(4)	28
Deferred revenue	6,584	3,334	17,079
Net cash provided by operating activities	135,639	124,308	73,837
Cash flows from investing activities
Acquisitions, net of cash acquired	—	—	(2,532)
Asset acquisition, net of cash acquired	—	—	(6,299)
Proceeds from acquisition working capital adjustment	—	—	307
Purchase of property and equipment	(35,696)	(31,593)	(22,098)
Other	—	38	—
Net cash used in investing activities	(35,696)	(31,555)	(30,622)
Cash flows from financing activities
Repayment of finance lease obligations	(25)	(35)	(14)
Payment of contingent consideration	—	—	(600)
Repurchase and retirement of shares	(165,014)	(54,873)	(95,126)
Payment of stock repurchase costs	(169)	(100)	—
Shares surrendered for settlement of minimum statutory tax withholding	(20,491)	(9,587)	(41)
Proceeds from issuance of stock under employee stock plans	2,414	8,445	2,438

Consolidated Statements of Cash Flows (continued)

	Year Ended December 31,
	2024	2023	2022
Net cash used in financing activities	(183,285)	(56,150)	(93,343)
Effect of exchange rate changes on cash and cash equivalents	(313)	34	(87)
Net (decrease) increase in cash and cash equivalents	(83,655)	36,637	(50,215)
Cash and cash equivalents, at beginning of the period	225,719	189,082	239,297
Cash and cash equivalents, at end of the period	$142,064	$225,719	$189,082
Supplemental cash flow data
Cash paid during the year for:
Income taxes	26,191	6,598	741
Non-cash operating, investing, and financing activities:
Right of use assets obtained in exchange for new operating lease liabilities	$803	$63	$7,528
Capitalized stock-based compensation	5,967	4,056	2,526
Purchase of property and equipment included in accounts payable and accrued expenses and other current liabilities	2,342	2,577	646
Accrued stock repurchase excise tax	1,247	185	—

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