Thryv Holdings Inc
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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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 Feb 27, 2025
THRY$1.07-16.8%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
| Years Ended December 31, | |||
|---|---|---|---|
| (in thousands) | 2024 | 2023 | 2022 |
| Cash Flows from Operating Activities | |||
| Net (loss) income | $(74,216) | $(259,295) | $54,348 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | |||
| Depreciation and amortization | 52,789 | 63,251 | 88,392 |
| Amortization of deferred commissions | 18,283 | 14,954 | 12,110 |
| Amortization of debt issuance costs | 4,022 | 5,422 | 5,749 |
| Deferred income taxes | (5,270) | (12,904) | (15,119) |
| Provision for credit losses and service credits | 22,508 | 24,516 | 25,971 |
| Stock-based compensation expense | 24,118 | 22,201 | 14,628 |
| Other components of net periodic pension benefit | (24,806) | (2,719) | (44,612) |
| Impairment charges | 83,094 | 268,846 | 102,222 |
| Loss on early extinguishment of debt | 6,638 | — | — |
| Non-cash loss (gain) from the remeasurement of the indemnification asset | — | 10,734 | (2,148) |
| Bargain purchase gain | — | — | (10,883) |
| Other, net | 930 | 603 | (2,309) |
| Changes in working capital items, excluding acquisitions: | |||
| Accounts receivable | 23,167 | 54,325 | (5,242) |
| Contract assets | 782 | (326) | 2,764 |
| Prepaid expenses and other assets | 1,139 | 7,117 | (9,592) |
| Accounts payable and accrued liabilities | (26,526) | (37,749) | (41,105) |
| Other liabilities | (16,869) | (10,750) | (26,601) |
| Net cash provided by operating activities | 89,783 | 148,226 | 148,573 |
| Cash Flows from Investing Activities | |||
| Additions to fixed assets and capitalized software | (33,537) | (33,394) | (29,233) |
| Acquisition of a business, net of cash acquired | (76,887) | (8,897) | (22,793) |
| Other | — | (225) | — |
| Net cash used in investing activities | (110,424) | (42,516) | (52,026) |
| Cash Flows from Financing Activities | |||
| Proceeds from Term Loan | 206,220 | — | — |
| Proceeds from Term Loan, related party | 137,480 | — | — |
| Payments of Term Loan | (356,618) | (120,000) | (104,165) |
| Payments of Term Loan, related party | (31,500) | — | (8,347) |
| Proceeds from ABL Facility | 329,004 | 919,975 | 976,296 |
| Payments of ABL Facility | (353,957) | (925,684) | (961,670) |
| Debt issuance costs | (5,480) | — | — |
| Purchase of treasury stock | (499) | — | — |
| Proceeds from exercise of stock warrants | — | 15,898 | 64 |
| Proceeds from common stock offering, net of offering expenses | 87,402 | — | — |
| Other | 7,164 | 6,318 | 6,725 |
| Net cash provided by (used in) financing activities | 19,216 | (103,493) | (91,097) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (1,344) | 133 | (827) |
| (Decrease) increase in cash, cash equivalents and restricted cash | (2,769) | 2,350 | 4,623 |
| Cash, cash equivalents and restricted cash, beginning of period | 20,530 | 18,180 | 13,557 |
| Cash, cash equivalents and restricted cash, end of period | $17,761 | $20,530 | $18,180 |
| Supplemental Information | |||
| Cash paid for interest | $44,018 | $57,027 | $57,084 |
| Cash paid for income taxes, net | $15,413 | $9,313 | $58,259 |
| Non-cash investing and financing activities | |||
| Repurchase of Treasury stock as a result of the settlement of the indemnification asset | $— | $15,760 | $— |
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