Outbrain Inc
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 8, 2024
TEAD$0.19-0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Six Months Ended June 30, | ||
|---|---|---|
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net (loss) income | $(7,240) | $5,677 |
| Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities: | ||
| Gain on convertible debt | — | (22,594) |
| Depreciation and amortization of property and equipment | 3,117 | 3,458 |
| Amortization of capitalized software development costs | 4,830 | 4,909 |
| Amortization of intangible assets | 1,704 | 2,449 |
| Amortization of discount on marketable securities | (1,280) | (2,098) |
| Stock-based compensation | 7,435 | 6,107 |
| Non-cash operating lease expense | 2,486 | 2,282 |
| Provision for credit losses | 2,433 | 4,835 |
| Deferred income taxes | (4,742) | (220) |
| Other | 286 | (1,436) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 32,081 | 10,049 |
| Prepaid expenses and other current assets | 5,610 | (536) |
| Accounts payable and other current liabilities | (33,356) | (33,401) |
| Operating lease liabilities | (2,423) | (2,145) |
| Deferred revenue | (1,816) | (231) |
| Other non-current assets and liabilities | 3,111 | 4,244 |
| Net cash provided by (used in) operating activities | 12,236 | (18,651) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Acquisition of a business, net of cash acquired | (181) | (285) |
| Purchases of property and equipment | (2,140) | (5,091) |
| Capitalized software development costs | (5,130) | (5,503) |
| Purchases of marketable securities | (52,012) | (60,718) |
| Proceeds from sales and maturities of marketable securities | 58,767 | 151,003 |
| Other | (63) | (8) |
| Net cash (used in) provided by investing activities | (759) | 79,398 |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Repayment of long-term debt obligations | — | (96,170) |
| Treasury stock repurchases and share withholdings on vested awards | (6,222) | (7,532) |
| Principal payments on finance lease obligations | (263) | (1,028) |
| Payment of contingent consideration liability up to acquisition-date fair value | — | (547) |
| Net cash used in financing activities | (6,485) | (105,277) |
| Effect of exchange rate changes | (392) | (1,246) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 4,600 | (45,776) |
| Cash, cash equivalents and restricted cash — Beginning | 71,079 | 105,765 |
| Cash, cash equivalents and restricted cash — Ending | $75,679 | $59,989 |
| RECONCILIATION OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH TO THE CONDENSED CONSOLIDATED BALANCE SHEETS | ||
| Cash and cash equivalents | $75,080 | $59,802 |
| Restricted cash, included in other assets | $599 | $187 |
| Total cash, cash equivalents, and restricted cash | $75,679 | $59,989 |
Condensed Consolidated Statements of Cash Flows (Continued)
| Six Months Ended June 30, | ||
|---|---|---|
| 2024 | 2023 | |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ||
| Cash paid for income taxes, net of refunds | $8,531 | $6,080 |
| Cash paid for interest | $1,943 | $4,427 |
| SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES: | ||
| Purchases of property and equipment included in accounts payable | $2,172 | $2,424 |
| Operating lease right-of-use assets obtained in exchange for lease obligations | $5,940 | $4,630 |
| Acquisition consideration payable | $— | $285 |
| Stock-based compensation capitalized for software development costs | $294 | $272 |
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