TRUPANION INC
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
View on SEC.govAbout this filing
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 27, 2025
TRUP$34.26-3.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
| Trupanion, Inc. Consolidated Statements of Cash Flows(in thousands) | |||
|---|---|---|---|
| Year Ended December 31, | |||
| 2024 | 2023 | 2022 | |
| Operating activities | |||
| Net loss | $(9,633) | $(44,693) | $(44,672) |
| Adjustments to reconcile net loss to cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 16,466 | 12,474 | 10,921 |
| Stock-based compensation expense | 33,432 | 33,161 | 33,393 |
| Goodwill impairment charges | 5,299 | — | — |
| Other, net | (1,748) | 1,347 | 1,051 |
| Changes in operating assets and liabilities: | |||
| Accounts and other receivables | (6,717) | (35,440) | (66,982) |
| Prepaid expenses and other assets | 3,215 | (1,907) | (5,227) |
| Accounts payable, accrued liabilities, and other liabilities | 2,084 | 1,644 | 3,136 |
| Reserve for veterinary invoices | (11,310) | 19,485 | 4,227 |
| Deferred revenue | 17,199 | 32,567 | 56,153 |
| Net cash provided by (used in) operating activities | 48,287 | 18,638 | (8,000) |
| Investing activities | |||
| Purchases of investment securities | (133,493) | (165,936) | (273,006) |
| Maturities and sales of investment securities | 127,653 | 190,270 | 239,210 |
| Cash paid in business acquisition, net of cash acquired | — | — | (15,034) |
| Purchases of property, equipment, and internal-use software | (9,716) | (18,280) | (17,088) |
| Other | 2,099 | 1,585 | (1,598) |
| Net cash provided by (used in) investing activities | (13,457) | 7,639 | (67,516) |
| Financing activities | |||
| Proceeds from debt financing, net of financing fees | — | 60,102 | 69,138 |
| Repayment of debt financing | (1,350) | (1,717) | (571) |
| Repurchases of common stock | — | — | (5,755) |
| Proceeds from exercise of stock options | 752 | 2,655 | 2,290 |
| Shares withheld to satisfy tax withholding | (2,519) | (1,536) | (4,359) |
| Other | (840) | (378) | — |
| Net cash provided by (used in) financing activities | (3,957) | 59,126 | 60,743 |
| Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash, net | (1,877) | 424 | (1,459) |
| Net change in cash, cash equivalents, and restricted cash | 28,996 | 85,827 | (16,232) |
| Cash, cash equivalents, and restricted cash at beginning of period | 170,464 | 84,637 | 100,869 |
| Cash, cash equivalents, and restricted cash at end of period | $199,530 | $170,464 | $84,637 |
| Supplemental disclosures | |||
| Income taxes paid | $546 | $611 | $2,498 |
| Interest paid | 13,191 | 12,100 | 3,353 |
| Noncash investing and financing activities: | |||
| Purchases of property, equipment, and internal-use software included in accounts payable and accrued liabilities | 534 | 887 | 1,324 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.