Groupon Inc

For the period ended Jun 30, 2024. Filed Jul 30, 2024.

About this filing

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 Jul 30, 2024

GRPN$12.51-23.0%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Cash Flows

(in thousands)

	Six Months Ended June 30,
	2024	2023
Operating activities
Net income (loss)	$(20,918)	$(40,617)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization of property, equipment and software	15,411	23,560
Amortization of acquired intangible assets	2,206	4,188
Stock-based compensation	8,792	9,882
Foreign currency (gains) losses, net	13,660	(159)
Foreign VAT assessments	4,092	—
Gain on sale of assets	(5,160)	—
Change in assets and liabilities:
Accounts receivable	8,259	10,463
Prepaid expenses and other current assets	14,095	5,384
Right-of-use assets - operating leases	1,258	6,189
Accounts payable	(4,151)	(39,427)
Accrued merchant and supplier payables	(34,660)	(48,447)
Accrued expenses and other current liabilities	3,425	(30,557)
Operating lease obligations	(3,843)	(15,743)
Payment for early lease termination	(1,832)	(9,724)
Other, net	4,555	6,378
Net cash provided by (used in) operating activities	5,189	(118,630)
Investing activities
Purchases of property and equipment and capitalized software	(8,183)	(11,797)
Proceeds from sale of assets, net	9,116	1,475
Acquisitions of intangible assets and other investing activities	(561)	(1,174)
Net cash provided by (used in) investing activities	372	(11,496)
Financing activities
Payments of borrowings under revolving credit agreement	(42,776)	(28,300)
Proceeds from Rights Offering, net of issuance costs	79,619	—
Other financing activities	(3,223)	(3,836)
Net cash provided by (used in) financing activities	33,620	(32,136)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(365)	1,967
Net increase (decrease) in cash, cash equivalents and restricted cash	38,816	(160,295)
Cash, cash equivalents and restricted cash, beginning of period (1)	167,638	281,696
Cash, cash equivalents and restricted cash, end of period (1)	$206,454	$121,401

	Six Months Ended June 30,
	2024	2023
Supplemental disclosure of cash flow information:
Cash paid for interest	$1,719	$3,493
Income tax payments	6,952	2,676
Increase (decrease) in liabilities related to purchases of property and equipment and capitalized software	(315)	(1,568)
Supplemental cash flow information on our leasing obligations
Cash paid for amounts included in the measurement of operating lease liabilities	$3,521	$15,330
Right-of-use assets obtained in exchange for operating lease liabilities	2,142	—

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(1)The following table provides a reconciliation of Cash, cash equivalents and restricted cash shown above to amounts reported within the Condensed Consolidated Balance Sheets as of June 30, 2024, December 31, 2023, June 30, 2023 and December 31, 2022 (in thousands):

	June 30, 2024	December 31, 2023	June 30, 2023	December 31, 2022
Cash and cash equivalents	$178,089	$141,563	$118,145	$281,279
Restricted cash included in prepaid expenses and other current assets	28,365	26,075	3,256	417
Cash, cash equivalents and restricted cash	$206,454	$167,638	$121,401	$281,696

ContentsView on SEC.gov

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