Guidewire Software Inc

For the period ended Jul 31, 2024. Filed Sep 16, 2024.

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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.

FY2024 · Filed Sep 16, 2024

GWRE$155.48-3.3%Stored close · as of Nov 10, 2026

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Contents

Item 8. Consolidated Statements of Cash Flows

(in thousands)

	Fiscal years ended July 31,
	2024	2023	2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$(6,103)	$(111,855)	$(180,431)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	22,309	24,838	33,540
Amortization of debt discount and issuance costs	1,732	1,703	14,391
Amortization of contract costs	17,816	17,966	14,456
Stock-based compensation	146,460	142,842	137,011
Changes to allowance for credit losses and revenue reserves	526	(131)	2,597
Deferred income tax	(26,847)	(27,516)	(54,115)
Amortization of premium (accretion of discount) on available-for-sale securities, net	(12,894)	(4,858)	5,498
Gain on sale of strategic investment	(1,803)	—	—
Changes in fair value of strategic investments	1,957	802	(1,545)
Accelerated depreciation related to lease assignment	—	26,921	—
Gain from lease assignment	—	(18,419)	—
Other non-cash items affecting net income (loss)	(74)	164	63
Changes in operating assets and liabilities:
Accounts receivable	12,631	(7,301)	(42,545)
Unbilled accounts receivable	7,676	(13,435)	18,106
Prepaid expenses and other assets	(33,534)	(22,613)	(23,390)
Operating lease assets	8,623	(19,000)	7,160
Accounts payable	(18,933)	(6,080)	13,580
Accrued employee compensation	6,453	12,440	(8,942)
Deferred revenue	72,572	34,635	31,564
Lease liabilities	(7,389)	9,548	(9,637)
Other liabilities	4,570	(2,256)	4,699
Net cash provided by (used in) operating activities	195,748	38,395	(37,940)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of available-for-sale securities	(615,935)	(506,115)	(519,536)
Maturities and sales of available-for-sale securities	576,886	547,094	908,914
Purchases of property and equipment	(6,362)	(5,821)	(9,510)
Capitalized software development costs	(12,165)	(11,606)	(12,266)
Acquisition of strategic investments	(1,336)	(10,840)	(11,560)
Sale of strategic investment	6,553	—	—
Acquisition of business, net of acquired cash	—	—	(43,830)
Net cash provided by (used in) investing activities	(52,359)	12,712	312,212
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock upon exercise of stock options	1,055	228	116
Repurchase and retirement of common stock	—	(261,807)	(37,451)
Net cash provided by (used in) financing activities	1,055	(261,579)	(37,335)
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash	(2,050)	2,576	(7,161)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	142,394	(207,896)	229,776
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—Beginning of period	406,790	614,686	384,910
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—End of period	$549,184	$406,790	$614,686
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for interest	$5,000	$5,000	$5,000
Cash paid for income taxes, net of tax refunds	$8,919	$5,167	$4,323
Accruals for purchase of property and equipment	$682	$1,136	$1,114
Accruals for capitalized cloud software development costs	$920	$1,094	$1,250

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.