Five9 Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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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
FIVN$27.75-3.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited, in thousands)
| Nine Months Ended | ||
|---|---|---|
| September 30, 2024 | September 30, 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(24,372) | $(69,406) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 38,265 | 35,553 |
| Amortization of operating lease right-of-use assets | 10,631 | 9,234 |
| Amortization of deferred contract acquisition costs | 52,152 | 40,088 |
| Accretion of discount on marketable investments | (16,833) | (7,684) |
| Provision for credit losses | 806 | 795 |
| Stock-based compensation | 127,872 | 156,721 |
| Amortization of discount and issuance costs on convertible senior notes | 3,991 | 2,793 |
| Gain on early extinguishment of debt | (6,615) | — |
| Impairment charge of an equity investment | 1,250 | — |
| Interest on finance lease obligations | 258 | 77 |
| Deferred taxes | 441 | 438 |
| Tax benefit of valuation allowance associated with an acquisition | (4,831) | — |
| Other | (145) | 592 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (15,559) | (6,661) |
| Prepaid expenses and other current assets | (9,562) | (6,537) |
| Deferred contract acquisition costs | (76,288) | (68,410) |
| Other assets | (1,452) | (4,892) |
| Accounts payable | 8,651 | 5,562 |
| Accrued and other current liabilities | 5,380 | (1,149) |
| Deferred revenue | 184 | 1,544 |
| Other liabilities | (871) | 3,636 |
| Net cash provided by operating activities | 93,353 | 92,294 |
| Cash flows from investing activities: | ||
| Purchases of marketable investments | (993,483) | (544,713) |
| Proceeds from sales of marketable investments | 93,995 | 971 |
| Proceeds from maturities of marketable investments | 829,122 | 415,117 |
| Purchases of property and equipment | (33,097) | (19,941) |
| Capitalization of software development costs | (14,211) | (5,820) |
| Cash paid to acquire Acqueon Inc. | (167,166) | — |
| Cash paid to acquire Aceyus, Inc. | 99 | (80,588) |
| Net cash used in investing activities | (284,741) | (234,974) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of 2029 convertible senior notes, net of issuance costs | 728,843 | — |
| Payments for capped call transactions associated with the 2029 convertible senior notes | (93,438) | — |
| Repurchase of a portion of 2025 convertible senior notes, net of costs | (304,485) | — |
| Repayment of outstanding 2023 convertible senior notes at maturity | — | (169) |
| Cash received from the settlement at maturity of the outstanding capped calls associated with the 2023 convertible senior notes | — | 74,453 |
| Cash received from partial termination of capped calls associated with the 2025 convertible senior notes | 539 | — |
| Proceeds from exercise of common stock options | 423 | 8,315 |
| Proceeds from sale of common stock under ESPP | 9,522 | 9,444 |
| Payment of holdback related to an acquisition | — | (500) |
| Payment of finance lease liabilities | (2,006) | (496) |
| Net cash provided by financing activities | 339,398 | 91,047 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 148,010 | (51,633) |
| Cash, cash equivalents and restricted cash: | ||
| Beginning of period | 144,842 | 180,987 |
| End of period | $292,852 | $129,354 |
| Supplemental disclosures of cash flow data: | ||
| Cash paid for interest | $5,764 | $1,956 |
| Cash paid for income taxes | $3,337 | $1,124 |
| Non-cash investing and financing activities: | ||
| Property and equipment unpaid at period-end | $12,944 | $11,419 |
| Capitalization of leasehold improvements and furniture and fixtures through non-cash lease incentive | $37 | $— |
| Acquisition and related transaction costs accrued at period-end | $591 | $330 |
| Stock-based compensation included in capitalized software development costs | $5,707 | $2,487 |
| Reconciliation of Cash, Cash Equivalents and Restricted Cash to the Condensed Consolidated Balance Sheets - Beginning of Period: | ||
| Cash and cash equivalents | $143,201 | $180,520 |
| Restricted cash in other assets | 1,641 | 467 |
| Total cash, cash equivalents and restricted cash | $144,842 | $180,987 |
| Reconciliation of Cash, Cash Equivalents and Restricted Cash to the Condensed Consolidated Balance Sheets - End of Period: | ||
| Cash and cash equivalents | $290,959 | $127,828 |
| Restricted cash in other assets | 1,893 | 1,526 |
| Total cash, cash equivalents and restricted cash | $292,852 | $129,354 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.