Asana Inc
For the period ended Apr 30, 2024. Filed May 30, 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.
Apr 30, 2024 · Filed May 30, 2024
ASAN$9.59-4.3%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
| Three Months Ended April 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net loss | $(63,722) | $(61,468) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Allowance for expected credit losses | 199 | 737 |
| Depreciation and amortization | 4,014 | 3,288 |
| Amortization of deferred contract acquisition costs | 6,087 | 4,871 |
| Stock-based compensation expense | 48,640 | 41,498 |
| Net accretion of discount on marketable securities | (1,831) | (444) |
| Non-cash lease expense | 4,452 | 5,263 |
| Amortization of discount on revolving credit facility and term loan issuance costs | 30 | 30 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (11,732) | (17,252) |
| Prepaid expenses and other current assets | (4,402) | (4,625) |
| Other assets | (894) | 881 |
| Accounts payable | 6,446 | (14) |
| Accrued expenses and other liabilities | (10,183) | (13,417) |
| Deferred revenue | 25,851 | 30,350 |
| Operating lease liabilities | (4,853) | (4,291) |
| Net cash used in operating activities | (1,898) | (14,593) |
| Cash flows from investing activities | ||
| Purchases of marketable securities | (70,484) | (139,294) |
| Maturities of marketable securities | 51,500 | 1,615 |
| Purchases of property and equipment | (1,002) | (1,866) |
| Capitalized internal-use software costs | (1,375) | (821) |
| Net cash used in investing activities | (21,361) | (140,366) |
| Cash flows from financing activities | ||
| Repayment of term loan | — | (625) |
| Proceeds from exercise of stock options | 1,085 | 1,798 |
| Proceeds from employee stock purchase plan | 8,866 | 8,558 |
| Taxes paid related to net share settlement of equity awards | (4) | — |
| Net cash provided by financing activities | 9,947 | 9,731 |
| Effect of foreign exchange rates on cash and cash equivalents | (1,302) | 899 |
| Net decrease in cash and cash equivalents | (14,614) | (144,329) |
| Cash and cash equivalents | ||
| Beginning of period | 236,663 | 526,563 |
| End of period | $222,049 | $382,234 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - CONTINUED
| Three Months Ended April 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Supplemental cash flow data | ||
| Cash paid for income taxes | $873 | $1,906 |
| Supplemental non-cash investing and financing information | ||
| Purchase of property and equipment in accounts payable and accrued expenses | $1,367 | $2,645 |
| Stock-based compensation capitalized for software development | $867 | $449 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.