Rapid7 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
RPD$14.49-3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows (Unaudited)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $27,007 | $(169,308) |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 33,457 | 34,528 |
| Amortization of debt issuance costs | 3,325 | 3,061 |
| Stock-based compensation expense | 76,896 | 84,836 |
| Impairment of long-lived assets | — | 30,784 |
| Change in fair value of derivative assets | — | 15,511 |
| Deferred income taxes | 1,840 | — |
| Induced conversion expense | — | 53,889 |
| Other | (4,534) | 5,626 |
| Changes in assets and liabilities: | ||
| Accounts receivable | 22,432 | 12,428 |
| Deferred contract acquisition and fulfillment costs | (493) | (9,488) |
| Prepaid expenses and other assets | 6,062 | 5,433 |
| Accounts payable | (10,450) | (1,255) |
| Accrued expenses | (17,413) | (17,968) |
| Deferred revenue | (37,112) | (6,367) |
| Other liabilities | 6,880 | (898) |
| Net cash provided by operating activities | 107,897 | 40,812 |
| Cash flows from investing activities: | ||
| Business acquisitions, net of cash acquired | (37,198) | (34,841) |
| Purchases of property and equipment | (2,242) | (3,999) |
| Capitalization of internal-use software | (10,414) | (13,033) |
| Purchases of investments | (242,494) | (194,013) |
| Sales and maturities of investments | 192,500 | 100,700 |
| Other investing activities | 360 | — |
| Net cash used in investing activities | (99,488) | (145,186) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of convertible senior notes, net of issuance costs paid of $7,200 | — | 292,800 |
| Purchase of capped calls related to convertible senior notes | — | (36,570) |
| Payments for repurchase of convertible senior notes | — | (199,998) |
| Payments related to business acquisitions | — | (2,250) |
| Proceeds from capped call settlement | — | 17,518 |
| Taxes paid related to net share settlement of equity awards | (3,883) | (4,012) |
| Proceeds from employee stock purchase plan | 9,246 | 11,323 |
| Proceeds from stock option exercises | 1,436 | 2,984 |
| Net cash provided by financing activities | 6,799 | 81,795 |
| Effect of exchange rate changes on cash ,cash equivalents and restricted cash | 770 | (2,010) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 15,978 | (24,589) |
| Cash, cash equivalents and restricted cash, beginning of period | 214,130 | 207,804 |
| Cash, cash equivalents and restricted cash, end of period | $230,108 | $183,215 |
| Supplemental cash flow information: | ||
| Cash paid for interest on convertible senior notes | $5,840 | $1,165 |
| Cash paid for income taxes, net of refunds | $7,073 | $4,087 |
| Reconciliation of cash, cash equivalents and restricted cash: | ||
| Cash and cash equivalents | $222,571 | $182,727 |
| Restricted cash included in other assets and prepaid expenses and other current assets | 7,537 | 488 |
| Total cash, cash equivalents and restricted cash | $230,108 | $183,215 |
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