Groupon Inc
For the period ended Dec 31, 2024. Filed Mar 11, 2025.
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FY2024 · Filed Mar 11, 2025
GRPN$12.51-23.0%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, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Operating activities | |||
| Net income (loss) | $(56,514) | $(52,934) | $(234,380) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization of property, equipment and software | 27,889 | 43,401 | 54,170 |
| Amortization of acquired intangible assets | 3,011 | 7,817 | 8,493 |
| Impairment of goodwill | — | — | 35,424 |
| Impairment of long-lived assets | — | — | 12,259 |
| Restructuring-related impairment | — | — | 2,949 |
| Stock-based compensation | 26,734 | 14,481 | 30,006 |
| Changes in fair value of investments | — | 25,751 | — |
| Deferred income taxes | 4,496 | 1,735 | 49,099 |
| (Gain) loss on early lease termination | (596) | (729) | (4,471) |
| Loss on extinguishment of debt | 1,631 | — | — |
| Foreign currency (gains) losses, net | 30,036 | (5,105) | 10,934 |
| Foreign VAT assessments | 8,692 | — | — |
| (Gain) on sale of assets | (5,160) | — | — |
| Change in assets and liabilities: | |||
| Accounts receivable | 15,276 | (4,482) | (10,088) |
| Prepaid expenses and other current assets | 18,598 | 21,364 | 9,812 |
| Right-of-use assets - operating leases | 2,525 | 9,747 | 16,986 |
| Accounts payable | (3,637) | (44,594) | 37,540 |
| Accrued merchant and supplier payables | (9,694) | (18,286) | (39,428) |
| Accrued expenses and other current liabilities | (7,047) | (37,851) | (71,804) |
| Operating lease obligations | (6,144) | (27,149) | (30,295) |
| Payments for early lease terminations | (2,155) | (9,724) | — |
| Other, net | 7,953 | (1,427) | (13,193) |
| Net cash provided by (used in) operating activities | 55,894 | (77,985) | (135,987) |
| Investing activities | |||
| Purchases of property and equipment and capitalized software | (15,333) | (19,285) | (36,168) |
| Proceeds from sale or divestment of investment | — | 18,924 | — |
| Proceeds from sale of assets, net | 9,116 | 1,489 | — |
| Acquisitions of intangible assets and other investing activities | (595) | (2,525) | (2,677) |
| Net cash provided by (used in) investing activities | (6,812) | (1,397) | (38,845) |
| Financing activities | |||
| Proceeds from borrowings under revolving credit agreement | — | — | 40,000 |
| Payments of borrowings under revolving credit agreement | (42,776) | (32,224) | (65,000) |
| Proceeds from issuance of 2027 Notes | 19,950 | — | — |
| Issuance costs for 2027 Notes | (3,703) | — | — |
| Proceeds from Rights Offering, net of issuance costs | 79,619 | — | — |
| Taxes paid related to net share settlements of stock-based compensation awards | (2,332) | (3,299) | (6,065) |
| Other financing activities | (2,968) | (167) | (3,342) |
| Net cash provided by (used in) financing activities | 47,790 | (35,690) | (34,407) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (1,941) | 1,014 | (8,548) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 94,931 | (114,058) | (217,787) |
| Cash, cash equivalents and restricted cash, beginning of period (1) | 167,638 | 281,696 | 499,483 |
| Cash, cash equivalents and restricted cash, end of period (1) | $262,569 | $167,638 | $281,696 |
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Supplemental disclosure of cash flow information | |||
| Cash activity: | |||
| Cash paid for interest | $3,366 | $6,624 | $5,940 |
| Income tax payments | 15,511 | 7,904 | 5,184 |
| Cash paid for amounts included in the measurement of operating lease liabilities | 5,508 | 26,686 | 31,508 |
| Non-cash investing activity: | |||
| Right-of-use assets obtained in exchange for operating lease liabilities | 6,456 | 973 | 2,635 |
| Increase (decrease) in liabilities related to purchases of property and equipment and capitalized software | 356 | (1,770) | 3,325 |
| Non-cash financing activity: | |||
| Exchanged 2026 Notes | (176,260) | — | — |
| Issuance of the 2027 Notes in exchange for 2026 Notes | $176,260 | $— | $— |
(1)The following table provides a reconciliation of cash, cash equivalents and restricted cash shown above to amounts reported within the Consolidated Balance Sheets as of December 31, 2024, 2023 and 2022 (in thousands):
| December 31, 2024 | December 31, 2023 | December 31, 2022 | |
|---|---|---|---|
| Cash and cash equivalents | $228,843 | $141,563 | $281,279 |
| Restricted cash included in prepaid expenses and other current assets | 33,726 | 26,075 | 417 |
| Cash, cash equivalents and restricted cash | $262,569 | $167,638 | $281,696 |
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