RingCentral Inc
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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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.
FY2024 · Filed Feb 26, 2025
RNG$73.32+0.7%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
| Year ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities | |||
| Net loss | $(58,288) | $(165,240) | $(879,166) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Depreciation and amortization | 222,609 | 233,940 | 246,561 |
| Share-based compensation | 339,059 | 426,679 | 386,009 |
| Unrealized loss on investments | — | 1,506 | 203,483 |
| Asset write-down and other charges | — | — | 305,351 |
| Amortization of deferred and prepaid sales commission costs | 162,552 | 138,134 | 115,184 |
| Amortization of debt discount and issuance costs | 4,272 | 4,566 | 4,468 |
| Gain on early extinguishment of debt | — | (53,400) | — |
| Reduction of operating lease right-of-use assets | 20,723 | 20,469 | 19,907 |
| Provision for bad debt | 8,667 | 6,852 | 9,367 |
| Other | (8,428) | 1,486 | 4,327 |
| Changes in assets and liabilities: | |||
| Accounts receivable | (30,481) | (57,819) | (87,843) |
| Deferred and prepaid sales commission costs | (130,730) | (156,734) | (235,869) |
| Prepaid expenses and other assets | 19,811 | 14,492 | 3,812 |
| Accounts payable | (29,793) | (21,213) | (6,166) |
| Accrued and other liabilities | (37,433) | 9,101 | 89,473 |
| Deferred revenue | 19,592 | 17,681 | 33,275 |
| Operating lease liabilities | (18,856) | (20,838) | (20,868) |
| Net cash provided by operating activities | 483,276 | 399,662 | 191,305 |
| Cash flows from investing activities | |||
| Purchases of property and equipment | (24,994) | (23,513) | (32,713) |
| Capitalized internal-use software | (55,534) | (52,227) | (53,730) |
| Cash paid for business combination, net of cash acquired | (26,291) | (14,709) | — |
| Purchases of intangible assets and long-term investments | (2,540) | — | (3,990) |
| Proceeds from sale of marketable equity investments | — | — | 3,223 |
| Net cash used in investing activities | (109,359) | (90,449) | (87,210) |
| Cash flows from financing activities | |||
| Proceeds from issuance of stock in connection with stock plans | 16,693 | 16,687 | 15,855 |
| Payments for taxes related to net share settlement of equity awards | (5,965) | (9,062) | (7,598) |
| Payments for repurchase of common stock, including excise tax | (322,356) | (311,088) | (99,793) |
| Proceeds from issuance of long-term debt, net of issuance costs | — | 785,749 | — |
| Payments for the repurchase of convertible notes | — | (820,960) | — |
| Payments for fees on long-term debt | (4,851) | — | — |
| Repayments of principal on term loan | (20,000) | (10,000) | — |
| Repayment of financing obligations | (4,257) | (5,777) | (4,815) |
| Payment for contingent consideration | (10,345) | (3,567) | (1,867) |
| Net cash used in financing activities | (351,081) | (358,018) | (98,218) |
| Effect of exchange rate changes | (2,220) | 1,016 | (3,055) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 20,616 | (47,789) | 2,822 |
| Cash, cash equivalents, and restricted cash | |||
| Beginning of year | 222,195 | 269,984 | 267,162 |
| End of year | $242,811 | $222,195 | $269,984 |
| Supplemental disclosure of cash flow data: | |||
| Cash paid for interest, net of interest rate swap | $59,045 | $16,629 | $347 |
| Cash paid for income taxes, net of refunds | $17,752 | $10,940 | $3,726 |
| Non-cash investing and financing activities | |||
| Common stock issued in connection with strategic partnership arrangement | $7,972 | $55,014 | $— |
| Acquisition related measurement period adjustment | $9,147 | $— | $— |
| Contingent consideration | $— | $7,461 | $— |
| Equipment and capitalized internal-use software purchased and unpaid at period end | $3,091 | $3,953 | $6,808 |
| Acquisition of intangibles | $— | $3,629 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.