PINTEREST INC
For the period ended Sep 30, 2024. Filed Nov 7, 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.
Sep 30, 2024 · Filed Nov 7, 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
Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities | ||
| Net income (loss) | $14,631 | $(236,788) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization | 15,202 | 16,185 |
| Share-based compensation | 566,882 | 484,633 |
| Non-cash charitable contributions | — | 12,890 |
| Impairment and abandonment charges for leases and leasehold improvements | — | 117,315 |
| Net amortization of investment premium and discount | (21,124) | (14,814) |
| Other | 4,851 | (656) |
| Changes in assets and liabilities: | ||
| Accounts receivable | 88,449 | 59,303 |
| Prepaid expenses and other assets | (54,016) | (2,308) |
| Operating lease right-of-use assets | 24,361 | 43,785 |
| Accounts payable | 9,933 | (16,711) |
| Accrued expenses and other liabilities | 89,715 | (54,780) |
| Operating lease liabilities | (28,285) | (53,373) |
| Net cash provided by operating activities | 710,599 | 354,681 |
| Investing activities | ||
| Purchases of property and equipment | (20,813) | (3,780) |
| Purchases of marketable securities | (1,196,557) | (1,065,445) |
| Sales of marketable securities | 9,718 | 31,709 |
| Maturities of marketable securities | 954,844 | 978,804 |
| Net cash used in investing activities | (252,808) | (58,712) |
| Financing activities | ||
| Proceeds from exercise of stock options | 20,266 | 4,664 |
| Repurchases of Class A common stock | (500,000) | (500,000) |
| Shares repurchased for tax withholdings on release of restricted stock units and restricted stock awards | (305,519) | (243,926) |
| Net cash used in financing activities | (785,253) | (739,262) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (668) | 648 |
| Net decrease in cash, cash equivalents and restricted cash | (328,130) | (442,645) |
| Cash, cash equivalents and restricted cash, beginning of period | 1,368,532 | 1,617,660 |
| Cash, cash equivalents and restricted cash, end of period | $1,040,402 | $1,175,015 |
| Supplemental cash flow information | ||
| Cash paid for income taxes, net | $18,660 | $9,227 |
| Non-cash investing and financing activities: | ||
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | $21,744 | $35,347 |
| Reconciliation of cash, cash equivalents and restricted cash to condensed consolidated balance sheets | ||
|---|---|---|
| Cash and cash equivalents | $1,035,565 | $1,168,419 |
| Restricted cash included in prepaid expenses and other current assets | — | 2,542 |
| Restricted cash included in other assets | 4,837 | 4,054 |
| Total cash, cash equivalents and restricted cash | $1,040,402 | $1,175,015 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.