YELP INC
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
YELP$20.15+2.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows F-
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Operating Activities | |||
| Net income | $99,173 | $36,347 | $39,671 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 42,184 | 44,852 | 55,683 |
| Provision for doubtful accounts | 40,702 | 25,006 | 14,574 |
| Stock-based compensation | 173,451 | 156,090 | 151,679 |
| Amortization of right-of-use assets | 28,084 | 32,810 | 39,339 |
| Deferred income taxes | (22,150) | (56,621) | (9,190) |
| Amortization of deferred contract cost | 24,035 | 18,827 | 14,613 |
| Asset impairment | 23,563 | 10,464 | 11,164 |
| Noncash gain on lease termination | — | — | (11,485) |
| Other adjustments, net | (410) | 1,036 | 392 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (54,947) | (49,555) | (33,535) |
| Prepaid expenses and other assets | (5,123) | (36,032) | (49,246) |
| Operating lease liabilities | (39,734) | (40,057) | (41,008) |
| Accounts payable, accrued liabilities and other liabilities | (2,548) | 49,142 | 30,004 |
| Net cash provided by operating activities | 306,280 | 192,309 | 212,655 |
| Investing Activities | |||
| Purchases of marketable securities — available-for-sale | (148,448) | (127,080) | — |
| Sales and maturities of marketable securities — available-for-sale | 117,916 | 32,821 | — |
| Maturities of other investments | 2,500 | — | — |
| Purchases of property, equipment and software | (26,847) | (31,979) | (28,282) |
| Other investing activities | 195 | 94 | 632 |
| Net cash used in investing activities | (54,684) | (126,144) | (27,650) |
| Financing Activities | |||
| Proceeds from issuance of common stock for employee stock-based plans | 39,510 | 23,497 | 24,984 |
| Taxes paid related to the net share settlement of equity awards | (85,180) | (61,023) | (62,545) |
| Repurchases of common stock | (199,999) | (200,006) | (262,928) |
| Payment of issuance costs for credit facility | (1,109) | — | — |
| Net cash used in financing activities | (246,778) | (237,532) | (300,489) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 2,046 | (2,136) | (415) |
| Change in cash, cash equivalents and restricted cash | 6,864 | (173,503) | (115,899) |
| Cash, cash equivalents and restricted cash — Beginning of period | 307,138 | 480,641 | 596,540 |
| Cash, cash equivalents and restricted cash — End of period | $314,002 | $307,138 | $480,641 |
| Supplemental Disclosures of Other Cash Flow Information | |||
| Cash paid for income taxes, net | $30,625 | $50,416 | $2,523 |
| Supplemental Disclosures of Noncash Investing and Financing Activities | |||
| Purchases of property, equipment and software recorded in accounts payable and accrued liabilities | $914 | $956 | $1,595 |
| Operating lease right-of-use assets obtained in exchange for new operating lease liabilities | $— | $50 | $36,049 |
| Repurchases of common stock recorded in accounts payable and accrued liabilities | $1,887 | $2,427 | $1,948 |
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