YELP INC
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
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, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Operating Activities | |||
| Net income | $132,850 | $99,173 | $36,347 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 40,407 | 42,184 | 44,852 |
| Provision for doubtful accounts | 45,614 | 40,702 | 25,006 |
| Stock-based compensation | 158,193 | 173,451 | 156,090 |
| Amortization of right-of-use assets | 15,094 | 28,084 | 32,810 |
| Deferred income taxes | (24,920) | (22,150) | (56,621) |
| Amortization of deferred contract cost | 24,854 | 24,035 | 18,827 |
| Asset impairment | 5,914 | 23,563 | 10,464 |
| Other adjustments, net | (2,412) | (410) | 1,036 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (51,033) | (54,947) | (49,555) |
| Prepaid expenses and other assets | (24,314) | (5,123) | (36,032) |
| Operating lease liabilities | (39,230) | (39,734) | (40,057) |
| Accounts payable, accrued liabilities and other liabilities | 4,798 | (2,548) | 49,142 |
| Net cash provided by operating activities | 285,815 | 306,280 | 192,309 |
| Investing Activities | |||
| Purchases of marketable securities — available-for-sale | (94,304) | (148,448) | (127,080) |
| Sales and maturities of marketable securities — available-for-sale | 123,094 | 117,916 | 32,821 |
| Purchases of other investments | (2,500) | — | — |
| Maturities of other investments | — | 2,500 | — |
| Acquisition, net of cash received | (66,199) | — | — |
| Purchases of property, equipment and software | (37,347) | (26,847) | (31,979) |
| Other investing activities | (10) | 195 | 94 |
| Net cash used in investing activities | (77,266) | (54,684) | (126,144) |
| Financing Activities | |||
| Proceeds from issuance of common stock for employee stock-based plans | 20,790 | 39,510 | 23,497 |
| Taxes paid related to the net share settlement of equity awards | (73,411) | (85,180) | (61,023) |
| Repurchases of common stock, including excise tax | (251,181) | (199,999) | (200,006) |
| Payment of issuance costs for credit facility | — | (1,109) | — |
| Net cash used in financing activities | (303,802) | (246,778) | (237,532) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (1,067) | 2,046 | (2,136) |
| Change in cash, cash equivalents and restricted cash | (96,320) | 6,864 | (173,503) |
| Cash, cash equivalents and restricted cash — Beginning of period | 314,002 | 307,138 | 480,641 |
| Cash, cash equivalents and restricted cash — End of period | $217,682 | $314,002 | $307,138 |
| Supplemental Disclosures of Other Cash Flow Information | |||
| Cash paid for income taxes, net | $58,194 | $30,625 | $50,416 |
| Supplemental Disclosures of Noncash Investing and Financing Activities | |||
| Acquisition holdback consideration not yet paid | $13,500 | $— | $— |
| Purchases of property, equipment and software recorded in accounts payable and accrued liabilities | $1,637 | $914 | $956 |
| Repurchases of common stock recorded in accounts payable and accrued liabilities | $1,249 | $1,887 | $2,427 |
| Excise tax accrued on net stock repurchases | $1,218 | $282 | $— |
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