Palantir Technologies Inc
For the period ended Dec 31, 2023. Filed Feb 20, 2024.
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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.
FY2023 · Filed Feb 20, 2024
PLTR$168.82-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Operating activities | |||
| Net income (loss) | $217,375 | $(371,094) | $(520,379) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 33,354 | 22,522 | 14,897 |
| Stock-based compensation | 475,903 | 564,798 | 778,215 |
| Deferred income taxes | (4,806) | (174) | 43,316 |
| Noncash operating lease expense | 47,019 | 40,309 | 33,821 |
| Unrealized and realized (gain) loss from marketable securities, net | 13,160 | 272,108 | 73,311 |
| Noncash consideration | (46,609) | (15,537) | — |
| Gain from step acquisition | — | (44,306) | — |
| Other operating activities | (29,449) | 16,328 | 2,767 |
| Changes in operating assets and liabilities, net of effect of acquisitions: | |||
| Accounts receivable, net | (106,159) | (72,819) | (35,237) |
| Prepaid expenses and other current assets | (6,197) | (24,811) | (10,974) |
| Other assets | 3,242 | 6,033 | (3,345) |
| Accounts payable | (31,832) | (29,859) | 57,767 |
| Accrued liabilities | 52,895 | 5,527 | 15,245 |
| Deferred revenue, current and noncurrent | 79,512 | (61,154) | 24,732 |
| Customer deposits, current and noncurrent | 64,347 | (49,471) | (104,944) |
| Operating lease liabilities, current and noncurrent | (49,630) | (34,590) | (32,156) |
| Other noncurrent liabilities | 58 | (73) | (3,185) |
| Net cash provided by operating activities | 712,183 | 223,737 | 333,851 |
| Investing activities | |||
| Purchases of property and equipment | (15,114) | (40,027) | (12,627) |
| Purchases of marketable securities | (5,636,406) | (124,500) | (308,315) |
| Proceeds from sales and redemption of marketable securities | 2,889,268 | 52,319 | 851 |
| Business combinations, net of cash acquired | — | 66,708 | — |
| Purchases of alternative investments | — | — | (50,941) |
| Proceeds from sales of alternative investments | 51,072 | — | — |
| Purchases of privately-held securities | — | — | (23,009) |
| Other investing activities | — | 73 | (3,871) |
| Net cash used in investing activities | (2,711,180) | (45,427) | (397,912) |
| Financing activities | |||
| Principal payments on borrowings | — | — | (200,000) |
| Proceeds from the exercise of common stock options | 218,238 | 86,089 | 507,455 |
| Other financing activities | 601 | (93) | (708) |
| Net cash provided by financing activities | 218,839 | 85,996 | 306,747 |
| Effect of foreign exchange on cash, cash equivalents, and restricted cash | 2,930 | (3,885) | (3,918) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | (1,777,228) | 260,421 | 238,768 |
| Cash, cash equivalents, and restricted cash - beginning of period | 2,627,335 | 2,366,914 | 2,128,146 |
| Cash, cash equivalents, and restricted cash - end of period | $850,107 | $2,627,335 | $2,366,914 |
| Supplemental disclosures of cash flow information | |||
| Cash paid for income taxes | $13,515 | $2,904 | $4,131 |
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