Alarmcom Holdings Inc
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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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.
FY2023 · Filed Feb 22, 2024
ALRM$65.86+0.7%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
Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash flows from operating activities: | |||
| Net income | $80,340 | $55,631 | $51,175 |
| Adjustments to reconcile net income to net cash flows from operating activities: | |||
| Provision for / (recovery of) credit losses on accounts receivable | 1,508 | 1,156 | (775) |
| Reserve for product returns | 4,399 | 4,746 | 2,494 |
| Provision for / (recovery of) credit losses on notes receivable | 3 | (78) | (9) |
| Inventory write-down | 1,420 | — | 448 |
| Amortization on patents and tooling | 1,213 | 1,359 | 1,240 |
| Amortization and depreciation | 31,424 | 30,870 | 29,715 |
| Amortization of debt issuance costs and debt discount | 3,145 | 3,126 | 15,823 |
| Amortization of operating leases | 11,484 | 10,499 | 9,692 |
| Deferred income taxes | (47,730) | (55,039) | (10,115) |
| Change in fair value of contingent liability | 68 | — | — |
| Stock-based compensation | 47,283 | 52,654 | 38,694 |
| (Gain on) / impairment of investment or intangible assets | — | (140) | 86 |
| Loss on early extinguishment of debt | — | — | 185 |
| Changes in operating assets and liabilities (net of business acquisitions): | |||
| Accounts receivable | (10,536) | (24,346) | (23,941) |
| Inventory | 20,961 | (40,308) | (31,443) |
| Other current and non-current assets | (1,338) | (8,952) | (11,912) |
| Accounts payable, accrued expenses and other current liabilities | 4,613 | 32,938 | 39,418 |
| Deferred revenue | 4,553 | 3,428 | 2,308 |
| Operating lease liabilities | (13,947) | (12,723) | (11,809) |
| Other liabilities | (2,898) | 2,080 | 1,883 |
| Cash flows from operating activities | 135,965 | 56,901 | 103,157 |
| Cash flows used in investing activities: | |||
| Business acquisition, net of cash acquired | (9,696) | (31,730) | — |
| Additions to property and equipment | (7,517) | (28,640) | (11,062) |
| Issuances of notes receivable | (450) | (3,000) | — |
| Capitalized software development costs | (743) | — | — |
| Receipt of payments on notes receivable | 55 | 61 | 59 |
| Purchase of investment in unconsolidated entity | (1,700) | (5,150) | (5,000) |
| Proceeds from sale of investment | — | 140 | — |
| Purchases of developed technology and other assets | (5,915) | — | (4,362) |
| Cash flows used in investing activities | (25,966) | (68,319) | (20,365) |
| Cash flows (used in) / from financing activities: | |||
| Repayments of credit facility | — | — | (110,000) |
| Proceeds from issuance of convertible senior notes | — | — | 500,000 |
| Payments of debt issuance costs | — | — | (15,698) |
| Payments of deferred consideration for acquisitions | (1,672) | (1,500) | (1,160) |
| Purchases of treasury stock, including transaction costs | (27,298) | (78,844) | — |
| Purchases of redeemable noncontrolling interest | (832) | — | — |
| Payments of acquired debt | (3,040) | — | — |
| Payments of tax withholdings related to vesting of restricted stock units | (2,621) | — | (4,476) |
| Issuances of common stock from equity-based plans | 3,598 | 4,020 | 5,704 |
| Cash flows (used in) / from financing activities | (31,865) | (76,324) | 374,370 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 66 | — | — |
| Net increase / (decrease) in cash, cash equivalents and restricted cash | 78,200 | (87,742) | 457,162 |
| Cash, cash equivalents and restricted cash at beginning of the period | 622,879 | 710,621 | 253,459 |
| Cash, cash equivalents and restricted cash at end of the period | $701,079 | $622,879 | $710,621 |
Consolidated Statements of Cash Flows — (Continued)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Reconciliation of cash, cash equivalents and restricted cash: | |||
| Cash and cash equivalents | $696,983 | $622,165 | $710,621 |
| Restricted cash included in other current assets and other assets | 4,096 | 714 | — |
| Total cash, cash equivalents and restricted cash | $701,079 | $622,879 | $710,621 |
| Supplemental disclosures: | |||
| Cash paid for interest | $192 | $— | $114 |
| Cash paid for income taxes, net of refunds | 64,577 | 7,453 | 4,146 |
| Noncash investing and financing activities: | |||
| Cash not yet paid for capital expenditures | 630 | 1,047 | 1,082 |
| Cash not yet paid for business and asset acquisitions - holdback | 2,780 | 4,833 | 850 |
| Contingent liability from business acquisition | 2,061 | — | — |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.