SITIME Corp
For the period ended Dec 31, 2024. Filed Feb 14, 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 14, 2025
SITM$444.45-2.8%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
Consolidated Statements of Cash Flows
(In thousands)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $(93,601) | $(80,535) | $23,254 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities | |||
| Depreciation and amortization expense | 30,072 | 16,128 | 11,843 |
| Stock-based compensation expense | 92,634 | 76,753 | 57,415 |
| Net change in unrealized interest on held to maturity securities | 4,577 | (3,829) | (5,055) |
| Change in fair value of sales based earnout liability | 6,049 | 1,183 | — |
| Accretion of acquisition consideration payable | 4,056 | 710 | — |
| Inventory write-down | 4,431 | 1,997 | 2,972 |
| Other, net | — | (23) | 358 |
| Changes in assets and liabilities: | |||
| Accounts receivable, net | (16,348) | 19,368 | (2,853) |
| Inventories | (14,344) | (9,886) | (36,992) |
| Prepaid expenses and other assets | (2,516) | (6,116) | (7,460) |
| Accounts payable | 6,122 | (5,706) | 2,468 |
| Accrued expenses and other liabilities | 2,058 | (1,988) | (6,198) |
| Net cash provided by operating activities | 23,190 | 8,056 | 39,752 |
| Cash flows from investing activities | |||
| Purchase of held to maturity securities | (807,836) | (1,046,407) | (673,370) |
| Proceeds from maturity of held to maturity securities | 909,265 | 1,060,996 | 148,931 |
| Acquisition of business | — | (39,000) | — |
| Purchase of property and equipment | (36,217) | (8,945) | (31,793) |
| Cash paid for intangibles | (453) | (3,304) | (3,856) |
| Net cash provided by (used in) investing activities | 64,759 | (36,660) | (560,088) |
| Cash flows from financing activities | |||
| Tax withholding paid on behalf of employees for net share settlement | (52,633) | (41,346) | (37,552) |
| Proceeds from At-The-Market offering | 50,509 | 46,025 | 33,977 |
| Payments for At-The-Market offering costs | (1,730) | (1,210) | (947) |
| Payment of contingent consideration towards earnouts | (12,254) | — | — |
| Payment of deferred acquisition consideration payable | (75,203) | — | — |
| Net cash provided by (used in) financing activities | (91,311) | 3,469 | (4,522) |
| Net decrease in cash and cash equivalents | (3,362) | (25,135) | (524,858) |
| Cash and cash equivalents | |||
| Beginning of period | 9,468 | 34,603 | 559,461 |
| End of period | $6,106 | $9,468 | $34,603 |
| Supplemental disclosure of cash flow information | |||
| Income taxes paid | 88 | 199 | 58 |
| Supplemental disclosure of noncash flow information | |||
| Unpaid property and equipment | 8,949 | 866 | 747 |
| Unpaid intangibles, net | — | — | 606 |
| Right-of-use assets acquired under operating leases | 1,147 | — | 4,761 |
| Settlement of pre-existing arrangement in connection with acquisition | — | 9,974 | — |
| Acquisition consideration payable at acquisition date | — | 107,947 | — |
|---|---|---|---|
| Fair value of sales based earnout liability at acquisition date | — | 102,278 | — |
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