ThredUp Inc
For the period ended Dec 31, 2023. Filed Mar 5, 2024.
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FY2023 · Filed Mar 5, 2024
TDUP$1.49+9.2%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 | |
| (in thousands) | ||
| Cash flows from operating activities: | ||
| Net loss | $(71,248) | $(92,284) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 18,732 | 14,033 |
| Stock-based compensation expense | 31,682 | 26,817 |
| Reduction in carrying amount of right-of-use assets | 6,355 | 6,473 |
| Other | 857 | 5,593 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | (3,126) | (530) |
| Inventory | 2,209 | (7,886) |
| Other current and non-current assets | 1,180 | 893 |
| Accounts payable | 1,697 | (3,985) |
| Accrued and other current liabilities | (9,092) | 1,752 |
| Seller payable | 5,312 | (2,945) |
| Operating lease liabilities | (7,095) | 924 |
| Other non-current liabilities | (54) | (960) |
| Net cash used in operating activities | (22,591) | (52,105) |
| Cash flows from investing activities: | ||
| Purchases of marketable securities | (17,915) | (3,475) |
| Maturities of marketable securities | 77,579 | 55,650 |
| Purchases of property and equipment | (15,984) | (43,251) |
| Net cash provided by investing activities | 43,680 | 8,924 |
| Cash flows from financing activities: | ||
| Proceeds from debt, net of discount | — | 391 |
| Repayment of debt | (4,000) | (6,333) |
| Proceeds from issuance of stock-based awards | 5,162 | 4,202 |
| Payments of withholding taxes on stock-based awards | (4,765) | (2,196) |
| Net cash used in financing activities | (3,603) | (3,936) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (68) | (672) |
| Net change in cash, cash equivalents and restricted cash | 17,418 | (47,789) |
| Cash, cash equivalents and restricted cash, beginning of period | 44,051 | 91,840 |
| Cash, cash equivalents and restricted cash, end of period | $61,469 | $44,051 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid for interest | $2,706 | $2,058 |
| Supplemental disclosures of noncash investing and financing activities: | ||
| Purchases of property and equipment included in accounts payable and accrued liabilities | $100 | $5,677 |
| Right-of-use assets obtained in exchange for new lease liabilities | $2,105 | $13,384 |
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