TWILIO 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
TWLO$214.21+3.7%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
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: · (In thousands) | |||
| Net loss | $(109,403) | $(1,015,441) | $(1,256,145) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 205,984 | 284,413 | 279,127 |
| Non-cash reduction to the right-of-use asset | 19,095 | 26,971 | 47,160 |
| Net amortization of investment premium and discount | (22,940) | (44) | 33,165 |
| Impairment of long-lived assets | — | 320,504 | 97,722 |
| Stock-based compensation including restructuring | 616,607 | 675,857 | 798,560 |
| Amortization of deferred commissions | 76,348 | 72,892 | 57,913 |
| Realized and unrealized losses on equity securities | 1,681 | 8,043 | — |
| Provision for doubtful accounts | 35,393 | 51,859 | 35,012 |
| Value of shares of Class A common stock issued and donated to charity | 5,907 | 5,346 | 9,541 |
| Share of losses from equity method investment | 108,481 | 121,897 | 35,315 |
| Impairment of strategic investments | 8,220 | 46,154 | — |
| Loss on net assets divested | — | 32,277 | — |
| Other adjustments | 5,009 | 14,669 | 4,905 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (61,160) | (85,093) | (194,655) |
| Prepaid expenses and other current assets | (153,470) | (56,283) | (94,326) |
| Other long-term assets | (47,077) | (2,328) | (146,458) |
| Accounts payable | (20,256) | 12,370 | 30,336 |
| Accrued expenses and other current liabilities | 87,434 | (51,816) | 75,430 |
| Deferred revenue and customer deposits | 11,181 | 5,371 | (2,688) |
| Operating lease liabilities | (48,759) | (56,340) | (54,450) |
| Other long-term liabilities | (2,034) | 3,474 | (9,832) |
| Net cash provided by (used in) operating activities | 716,241 | 414,752 | (254,368) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Acquisitions, net of cash acquired and payments related to prior period acquisitions | — | (5,770) | (37,410) |
| Divestitures, net of cash divested | — | 38,194 | — |
| Purchases of marketable securities and other investments | (923,863) | (1,953,003) | (1,938,337) |
| Proceeds from sales and maturities of marketable securities | 2,353,486 | 2,200,417 | 1,439,477 |
| Capitalized software development costs | (51,808) | (39,925) | (45,761) |
| Purchases of long-lived and intangible assets | (6,978) | (11,310) | (34,421) |
| Net cash provided by (used in) investing activities | 1,370,837 | 228,603 | (616,452) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| Payments of costs related to public offerings | — | — | (35) |
| Principal payments on finance leases | (12,558) | (16,134) | (13,423) |
| Value of equity awards withheld for tax liabilities | (2,000) | (2,565) | (1,098) |
| Repurchases of shares of Class A common stock and related costs | (2,334,400) | (668,751) | — |
| Proceeds from exercises of stock options and shares of Class A common stock issued under ESPP | 37,386 | 43,840 | 59,563 |
| Net cash (used in) provided by financing activities | (2,311,572) | (643,610) | 45,007 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | — | 108 | 60 |
| NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | (224,494) | (147) | (825,753) |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of period | 655,931 | 656,078 | 1,481,831 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH —End of period | $431,437 | $655,931 | $656,078 |
| Cash paid for income taxes, net | $36,547 | $37,818 | $7,413 |
| Cash paid for interest | $37,904 | $38,389 | $37,500 |
| RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS | |||
| Cash and cash equivalents | $421,297 | $655,931 | $651,752 |
| Restricted cash in other current assets | — | — | 4,314 |
| Restricted cash in other long-term assets | 10,140 | — | 12 |
| Total cash, cash equivalents and restricted cash | $431,437 | $655,931 | $656,078 |
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