WORKIVA INC
For the period ended Dec 31, 2024. Filed Feb 25, 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 25, 2025
WK$67.16-3.8%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
| WORKIVA INC.CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
|---|---|---|---|
| (in thousands) | |||
| Year ended December 31, | |||
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities | |||
| Net loss | $(55,042) | $(127,525) | $(90,947) |
| Adjustments to reconcile net loss to net cash provided by operating activities | |||
| Depreciation and amortization | 11,003 | 11,140 | 10,212 |
| Stock-based compensation expense | 102,150 | 98,765 | 70,660 |
| Provision for doubtful accounts | 39 | 410 | 156 |
| (Accretion) amortization of premiums and discounts on marketable securities, net | (11,829) | (7,716) | 1,079 |
| Amortization of debt discount and issuance costs | 2,436 | 1,730 | 1,298 |
| Induced conversion expense | — | 45,144 | — |
| Realized loss on sale of available-for-sale securities, net | — | 708 | — |
| Deferred income tax | (629) | (14) | 538 |
| Changes in assets and liabilities: | |||
| Accounts receivable | (24,352) | (18,318) | (28,893) |
| Deferred costs | (34,477) | 277 | (8,496) |
| Operating lease right-of-use asset | 5,136 | 4,984 | 5,153 |
| Other receivables | 1,116 | (2,176) | (1,655) |
| Prepaid expenses and other | 1,453 | (5,023) | (2,913) |
| Other assets | (2,285) | 2,230 | (2,441) |
| Accounts payable | 2,399 | (1,002) | 2,438 |
| Deferred revenue | 73,840 | 60,112 | 61,657 |
| Operating lease liability | (3,738) | (4,133) | (5,055) |
| Accrued expenses and other liabilities | 20,486 | 11,282 | (1,457) |
| Net cash provided by operating activities | 87,706 | 70,875 | 11,334 |
| Cash flows from investing activities | |||
| Purchase of property and equipment | (1,363) | (2,124) | (3,458) |
| Purchase of marketable securities | (402,235) | (573,304) | (130,754) |
| Maturities of marketable securities | 452,023 | 153,358 | 150,565 |
| Sale of marketable securities | 4,609 | 65,052 | 14,981 |
| Acquisitions, net of cash acquired | (98,092) | — | (99,186) |
| Purchase of intangible assets | (191) | (235) | (160) |
| Net cash used in investing activities | (45,249) | (357,253) | (68,012) |
| WORKIVA INC.CONSOLIDATED STATEMENTS OF CASH FLOWS (continued) | |||
|---|---|---|---|
| (in thousands) | |||
| Year ended December 31, | |||
| 2024 | 2023 | 2022 | |
| Cash flows from financing activities | |||
| Proceeds from option exercises | 4,909 | 4,472 | 3,273 |
| Taxes paid related to net share settlements of stock-based compensation awards | (11,458) | (9,459) | (12,541) |
| Proceeds from shares issued in connection with employee stock purchase plan | 13,822 | 12,513 | 9,256 |
| Proceeds from the issuance of convertible senior notes, net of issuance costs | — | 691,113 | — |
| Payments for repurchase of convertible senior notes | — | (396,869) | — |
| Principal payments on finance lease obligations | (532) | (505) | (1,575) |
| Net cash provided by (used in) financing activities | 6,741 | 301,265 | (1,587) |
| Effect of foreign exchange rates on cash | (3,569) | 1,637 | (1,924) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 45,629 | 16,524 | (60,189) |
| Cash, cash equivalents, and restricted cash at beginning of year | 256,721 | 240,197 | 300,386 |
| Cash, cash equivalents, and restricted cash at end of year | $302,350 | $256,721 | $240,197 |
| Year ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Supplemental cash flow disclosure | |||
| Cash paid for interest | $10,278 | $4,710 | $4,742 |
| Cash paid for income taxes, net of refunds | $6,198 | $2,656 | $1,429 |
| Noncash investing and financing activities | |||
| Purchases of property and equipment, accrued but not paid | $581 | $— | $— |
| Year ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets | |||
| Cash and cash equivalents at end of year | $301,835 | $256,100 | $240,197 |
| Restricted cash included within prepaid expenses and other at end of year | 515 | 621 | — |
| Total cash, cash equivalents, and restricted cash at end of year shown in the consolidated statements of cash flows | $302,350 | $256,721 | $240,197 |
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