RingCentral Inc
For the period ended Sep 30, 2024. Filed Nov 8, 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 8, 2024
RNG$73.32+0.7%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
Condensed Consolidated Statements of Cash Flows
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net loss | $(51,100) | $(117,997) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 167,557 | 174,723 |
| Share-based compensation | 258,607 | 314,533 |
| Unrealized loss on investments | — | 1,646 |
| Amortization of deferred and prepaid sales commission costs | 120,685 | 100,618 |
| Amortization of debt discount and issuance costs | 3,112 | 3,465 |
| Gain on early extinguishment of debt | — | (42,891) |
| Reduction of operating lease right-of-use assets | 15,329 | 15,272 |
| Provision for bad debt | 4,852 | 5,200 |
| Other | (11,762) | 4,879 |
| Changes in assets and liabilities: | ||
| Accounts receivable | (36,219) | (39,641) |
| Deferred and prepaid sales commission costs | (99,238) | (103,773) |
| Prepaid expenses and other assets | 15,592 | (7,251) |
| Accounts payable | (17,473) | (31,664) |
| Accrued and other liabilities | (24,461) | 9,383 |
| Deferred revenue | 18,709 | 15,309 |
| Operating lease liabilities | (13,796) | (15,993) |
| Net cash provided by operating activities | 350,394 | 285,818 |
| Cash flows from investing activities | ||
| Purchases of property and equipment | (18,617) | (17,515) |
| Capitalized internal-use software | (40,858) | (38,241) |
| Cash paid for business combination, net of cash acquired | (26,291) | (14,709) |
| Purchases of intangible assets | (2,540) | — |
| Net cash used in investing activities | (88,306) | (70,465) |
| Cash flows from financing activities | ||
| Proceeds from issuance of stock in connection with stock plans | 10,000 | 10,954 |
| Payments for taxes related to net share settlement of equity awards | (5,333) | (7,124) |
| Payments for repurchases of common stock | (244,996) | (249,568) |
| Proceeds from issuance of long-term debt, net of issuance costs | — | 786,311 |
| Payments for the repurchase of convertible notes | — | (580,960) |
| Payments for fees on long-term debt | (4,308) | — |
| Repayments of principal on long-term debt | (15,000) | (5,000) |
| Repayments for financing obligations | (3,085) | (4,738) |
| Payments for contingent consideration | (10,345) | (1,673) |
| Net cash used in financing activities | (273,067) | (51,798) |
| Effect of exchange rate changes | 1,436 | (1,187) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | (9,543) | 162,368 |
| Cash, cash equivalents, and restricted cash | ||
| Beginning of period | 222,195 | 269,984 |
| End of period | $212,652 | $432,352 |
| Supplemental disclosure of cash flow data: | ||
| Cash paid for interest, net of interest rate swap | $52,921 | $10,166 |
| Cash paid for income taxes, net of refunds | $13,519 | $9,291 |
| Non-cash investing and financing activities | ||
| Common stock issued in connection with strategic partnership arrangement | $7,972 | $55,014 |
| Equipment and capitalized internal-use software purchased and unpaid at period end | $4,883 | $4,172 |
| Contingent consideration | $— | $7,461 |
| Equipment acquired under financing obligations | $— | $2,997 |
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