Waystar Holding Corp
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
View on SEC.govAbout this filing
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 6, 2024
WAY$29.30+0.4%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
Unaudited Consolidated Statements of Cash Flows
Unaudited Condensed Consolidated Statements of Cash Flows (in Thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| | Nine months ended September 30, | |||||
| · · 2024 · 2023 | ||||||
| Cash flows from operating activities · · | ||||||
| Net loss | | $(38,204) | | $(36,919) | ||
| Adjustments to reconcile net income/(loss) to net cash provided by operating activities | | | | | ||
| Depreciation and amortization | | 148,635 | | 131,780 | ||
| Stock-based compensation | | 47,400 | | 6,505 | ||
| Provision for bad debt expense | | 1,642 | | 1,614 | ||
| Loss on extinguishment of debt | | 20,277 | | — | ||
| Deferred income taxes | | (57,984) | | (47,126) | ||
| Amortization of debt discount and issuance costs | | 3,301 | | 7,907 | ||
| Other | | | (99) | | | — |
| Changes in: | | | | | ||
| Accounts receivable | | (13,445) | | (5,101) | ||
| Income tax refundable | | 2,227 | | (619) | ||
| Prepaid expenses and other current assets | | (1,714) | | (6,238) | ||
| Deferred costs | | (14,389) | | (10,586) | ||
| Other long-term assets | | (515) | | (33) | ||
| Accounts payable and accrued expenses | | 9,366 | | 231 | ||
| Deferred revenue | | (1,256) | | (257) | ||
| Operating lease right-of-use assets and lease liabilities | | (244) | | (1,199) | ||
| Other long-term liabilities | | — | | 45 | ||
| Net cash provided by operating activities | | 104,998 | | 40,004 | ||
| Cash flows from investing activities | | | | | ||
| Purchase of property and equipment and capitalization of internally developed software costs | | (21,044) | | (15,726) | ||
| Acquisitions, net of cash and cash equivalents acquired | | | — | | | (30,027) |
| Net cash used in investing activities | | (21,044) | | (45,753) | ||
| Cash flows from financing activities | | | | | ||
| Change in aggregated funds liability | | 7,433 | | 458 | ||
| Proceeds from equity offering, net of underwriting discounts | | | 1,017,074 | | | — |
| Payments of third-party IPO issuance costs | | | (3,372) | | | — |
| Repurchase of shares | | (844) | | (688) | ||
| Proceeds from exercise of common stock options | | 1,488 | | 284 | ||
| Proceeds from issuances of debt, net of creditor fees | | 545,209 | | — | ||
| Payments on debt | | (1,550,002) | | (13,487) | ||
| Third-party fees paid in connection with issuance of new debt | | (1,410) | | — | ||
| Finance lease liabilities paid | | (611) | | (599) | ||
| Net cash provided by (used in) financing activities | | 14,965 | | (14,032) | ||
| Increase in cash and cash equivalents during the period | | 98,919 | | (19,781) | ||
| Cash and cash equivalents and restricted cash–beginning of period | | 45,428 | | 72,636 | ||
| Cash and cash equivalents and restricted cash–end of period | | $144,347 | | $52,855 | ||
| Supplemental disclosures of cash flow information | | | | | ||
| Interest paid | | $101,189 | | $143,685 | ||
| Cash taxes paid (refunds received), net | | 38,558 | | 36,654 | ||
| Non-cash investing and financing activities | | | | | ||
| Fixed asset purchases in accounts payable | | 586 | | (502) | ||
| Unpaid third-party IPO issuance costs | | | 50 | | | — |
| Reconciliation of Balance Sheet Cash Accounts to Cash Flow Statement | | | | | ||
| Balance sheet | | | | | ||
| Cash and cash equivalents | | 127,125 | | 44,450 | ||
| Restricted cash | | 17,222 | | 8,405 | ||
| Total | | 144,347 | | 52,855 | ||
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