APPIAN CORP
For the period ended Dec 31, 2024. Filed Feb 19, 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 19, 2025
APPN$52.35+2.3%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net loss | $(92,262) | $(111,441) | $(150,920) |
| Adjustments to reconcile net loss to net cash provided by (used by) operating activities: | |||
| Stock-based compensation | 39,045 | 43,387 | 38,830 |
| Depreciation expense and amortization of intangible assets | 10,030 | 9,473 | 7,297 |
| Lease impairment charges | 5,462 | — | — |
| Bad debt expense | 1,760 | 1,091 | 1,298 |
| Amortization of debt issuance costs | 589 | 444 | 43 |
| Loss on disposal of property and equipment | — | — | 3 |
| Benefit for deferred income taxes | (899) | (1,541) | (1,089) |
| Foreign currency transaction losses (gains), net | 16,745 | (12,263) | — |
| Changes in assets and liabilities: | |||
| Accounts receivable | (28,353) | (1,868) | (37,922) |
| Prepaid expenses and other assets | 16,551 | (54,753) | (2,027) |
| Deferred commissions | (3,144) | (8,043) | (12,298) |
| Accounts payable and accrued expenses | (871) | (1,394) | (3,289) |
| Accrued compensation and related benefits | (2,947) | (3,157) | 6,582 |
| Other current and non-current liabilities | (1,478) | (1,134) | (264) |
| Deferred revenue | 49,309 | 28,668 | 47,534 |
| Operating lease assets and liabilities | (2,659) | 2,089 | (329) |
| Net cash provided by (used by) operating activities | 6,878 | (110,442) | (106,551) |
| Cash flows from investing activities: | |||
| Proceeds from maturities of investments | 20,038 | 91,670 | 84,642 |
| Payments for investments | (51,630) | (53,443) | (65,283) |
| Purchases of property and equipment | (3,798) | (9,637) | (9,095) |
| Net cash (used by) provided by investing activities | (35,390) | 28,590 | 10,264 |
| Cash flows from financing activities: | |||
| Proceeds from borrowings | 50,000 | 92,000 | 120,000 |
| Payments for debt issuance costs | (463) | (276) | (1,940) |
| Debt repayments | (6,250) | (3,563) | (625) |
| Repurchase of common stock | (50,019) | — | — |
| Payments for employee taxes related to the net share settlement of equity awards | (7,987) | (9,748) | — |
| Proceeds from exercise of common stock options | 14,461 | 752 | 25,432 |
| Net cash (used by) provided by financing activities | (258) | 79,165 | 142,867 |
| Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash | (2,029) | 1,657 | (159) |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | (30,799) | (1,030) | 46,421 |
| Cash, cash equivalents, and restricted cash at beginning of period | 149,351 | 150,381 | 103,960 |
| Cash, cash equivalents, and restricted cash at end of period | $118,552 | $149,351 | $150,381 |
| Supplemental cash flow information: | |||
| Cash paid for interest | $22,574 | $16,906 | $1,671 |
| Cash paid for income taxes | $3,334 | $3,999 | $1,239 |
| Supplemental non-cash investing and financing information: | |||
| Accrued capital expenditures | $155 | $654 | $1,774 |
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