APPFOLIO INC
For the period ended Dec 31, 2024. Filed Feb 6, 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 6, 2025
APPF$224.76-2.1%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
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash from operating activities | |||
| Net income (loss) | $204,068 | $2,702 | $(68,119) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 17,790 | 26,500 | 30,820 |
| Amortization of operating lease right-of-use assets | 2,030 | 2,132 | 3,187 |
| Impairment, net | — | — | 22,022 |
| Gain on lease modification | — | (4,281) | — |
| Deferred income taxes | (76,937) | (490) | (993) |
| Stock-based compensation, including as amortized | 62,081 | 54,852 | 43,234 |
| Gain on sale of business | — | — | (4,156) |
| Other | (8,220) | (3,108) | 135 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (3,383) | (4,206) | (4,198) |
| Prepaid expenses and other assets | 4,126 | (13,493) | (7,281) |
| Accounts payable | 1,559 | (1,565) | 1,176 |
| Operating lease liabilities | (3,143) | (2,504) | (2,524) |
| Accrued expenses and other liabilities | (11,812) | 3,744 | 12,062 |
| Net cash provided by operating activities | 188,159 | 60,283 | 25,365 |
| Cash from investing activities | |||
| Purchases of available-for-sale investments | (317,173) | (195,740) | (79,279) |
| Proceeds from sales of available-for-sale investments | 9,984 | 1,013 | 994 |
| Proceeds from maturities of available-for-sale investments | 240,035 | 152,382 | 87,883 |
| Purchases of property and equipment | (2,016) | (9,041) | (6,540) |
| Capitalization of software development costs | (5,170) | (4,825) | (14,688) |
| Proceeds from sale of business, net of cash divested | — | — | 5,124 |
| Proceeds from equity-method investment | — | 629 | 40 |
| Cash paid in business acquisition, net of cash acquired | (77,421) | — | — |
| Net cash used in investing activities | (151,761) | (55,582) | (6,466) |
| Cash from financing activities | |||
| Proceeds from stock option exercises | 3,924 | 2,595 | 4,474 |
| Tax withholding for net share settlement | (47,327) | (28,556) | (10,637) |
| Net cash used in financing activities | (43,403) | (25,961) | (6,163) |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (7,005) | (21,260) | 12,736 |
| Cash, cash equivalents and restricted cash | |||
| Beginning of period | 49,759 | 71,019 | 58,283 |
| End of period | $42,754 | $49,759 | $71,019 |
| Cash, cash equivalents and restricted cash at end of period: | |||
| Cash and cash equivalents | $42,504 | $49,509 | $70,769 |
| Restricted cash included in prepaid expenses and other current assets | 250 | 250 | 250 |
| Total cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows | $42,754 | $49,759 | $71,019 |
| Supplemental disclosure of cash flow information | |||
| Cash paid for income taxes | $14,022 | $8,086 | $3,338 |
| Cash paid for amounts included in the measurement of lease liabilities included in operating cash flows | $5,828 | $4,732 | $3,933 |
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