PINTEREST INC
For the period ended Dec 31, 2023. Filed Feb 8, 2024.
View on SEC.govAbout this filing
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 8, 2024
PINS$18.95-0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated statements of cash flows
Part II
Consolidated statements of cash flows
(in thousands)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Operating activities | |||
| Net income (loss) | $(35,610) | $(96,047) | $316,438 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 21,509 | 46,489 | 27,500 |
| Share-based compensation | 647,860 | 497,123 | 415,382 |
| Non-cash charitable contributions | 12,890 | — | 45,300 |
| Impairment and abandonment charges for leases and leasehold improvements | 117,315 | — | — |
| Amortization (accretion) of investment premiums discount | (21,897) | (638) | 5,908 |
| Other | (2,438) | (13,251) | 3,699 |
| Changes in assets and liabilities: | |||
| Accounts receivable | (80,782) | (28,856) | (88,862) |
| Prepaid expenses and other assets | 18,102 | (30,214) | (14,727) |
| Operating lease right-of-use assets | 55,324 | 56,024 | 43,995 |
| Accounts payable | (9,261) | 70,777 | (33,451) |
| Accrued expenses and other liabilities | (43,544) | 20,627 | 82,435 |
| Operating lease liabilities | (66,507) | (52,832) | (50,710) |
| Net cash provided by operating activities | 612,961 | 469,202 | 752,907 |
| Investing activities | |||
| Purchases of property and equipment and intangible assets | (8,063) | (28,984) | (9,031) |
| Purchases of marketable securities | (1,308,020) | (1,028,480) | (1,104,087) |
| Sales of marketable securities | 35,850 | 7,417 | 274,654 |
| Maturities of marketable securities | 1,243,240 | 1,007,861 | 849,520 |
| Acquisition of business, net of cash acquired | — | (86,059) | (36,914) |
| Net cash used in investing activities | (36,993) | (128,245) | (25,858) |
| Financing activities | |||
| Proceeds from exercise of stock options, net | 8,256 | 12,882 | 23,912 |
| Repurchases of Class A common stock | (500,000) | — | — |
| Shares repurchased for tax withholdings on release of restricted stock units and restricted stock awards | (335,019) | (161,809) | — |
| Payment of deferred offering costs and other financing activities | — | — | (1,750) |
| Net cash (used in) provided by financing activities | (826,763) | (148,927) | 22,162 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 1,667 | (1,434) | (1,058) |
| Net increase in cash, cash equivalents and restricted cash | (249,128) | 190,596 | 748,153 |
| Cash, cash equivalents and restricted cash, beginning of period | 1,617,660 | 1,427,064 | 678,911 |
| Cash, cash equivalents and restricted cash, end of period | $1,368,532 | $1,617,660 | $1,427,064 |
| Supplemental cash flow information | |||
| Cash paid for income taxes, net | $19,173 | $10,008 | $1,494 |
| Non-cash investing and financing activities: | |||
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | $32,784 | $31,515 | $118,977 |
Part II
| Reconciliation of cash, cash equivalents and restricted cash to consolidated balance sheets | |||
|---|---|---|---|
| Cash and cash equivalents | $1,361,936 | $1,611,063 | $1,419,630 |
| Restricted cash included in prepaid expenses and other current assets | 2,542 | 1,067 | 1,137 |
| Restricted cash included in other assets | 4,054 | 5,530 | 6,297 |
| Total cash, cash equivalents and restricted cash | $1,368,532 | $1,617,660 | $1,427,064 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.