PagerDuty Inc
For the period ended Jan 31, 2024. Filed Mar 15, 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.
FY2024 · Filed Mar 15, 2024
PD$15.57-0.6%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
| Year Ended January 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities | |||
| Net loss attributable to PagerDuty, Inc. common stockholders | $(81,757) | $(128,423) | $(107,455) |
| Net loss (income) and adjustment attributable to redeemable non-controlling interest (Note 3) | 4,390 | (802) | — |
| Net loss | (77,367) | (129,225) | (107,455) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 20,153 | 17,429 | 8,356 |
| Amortization of deferred contract costs | 20,568 | 19,247 | 14,923 |
| Gain on partial extinguishment of convertible senior notes | (3,699) | — | — |
| Stock-based compensation | 127,152 | 109,907 | 70,033 |
| Amortization of debt issuance costs | 2,078 | 1,839 | 1,805 |
| Non-cash lease expense | 4,439 | 4,073 | 4,464 |
| Impairment of property and equipment, net and lease right-of-use assets, net | 8,368 | — | — |
| Tax benefit related to release of valuation allowance | — | (1,330) | — |
| Other | (3,223) | 1,841 | 3,770 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (10,662) | (16,586) | (21,594) |
| Deferred contract costs | (18,799) | (22,805) | (26,167) |
| Prepaid expenses and other assets | — | (2,843) | 1,279 |
| Accounts payable | (1,453) | (1,473) | 2,901 |
| Accrued expenses and other liabilities | 4,145 | (1,444) | (99) |
| Accrued compensation | (11,825) | 6,147 | 6,766 |
| Deferred revenue | 18,073 | 37,971 | 40,252 |
| Lease liabilities | (5,974) | (5,768) | (5,255) |
| Net cash provided by (used in) operating activities | 71,974 | 16,980 | (6,021) |
| Cash flows from investing activities | |||
| Purchases of property and equipment | (2,164) | (4,637) | (3,457) |
| Capitalized internal-use software costs | (5,384) | (3,836) | (3,353) |
| Business acquisition, net of cash acquired | (24,071) | (66,262) | (160) |
| Asset acquisition | — | (1,845) | — |
| Purchases of available-for-sale investments | (216,970) | (212,210) | (197,093) |
| Proceeds from maturities of available-for-sale investments | 218,264 | 202,625 | 194,059 |
| Proceeds from sales of available-for-sale investments | — | — | 27,380 |
| Purchases of non-marketable equity investments | (200) | — | — |
| Net cash (used in) provided by investing activities | (30,525) | (86,165) | 17,376 |
| Cash flows from financing activities | |||
| Proceeds from issuance of convertible senior notes, net of issuance costs | 390,831 | — | — |
| Purchases of capped calls related to convertible senior notes | (55,102) | — | — |
| Repurchases of convertible senior notes | (223,675) | — | — |
| Investment from redeemable non-controlling interest holder | 1,781 | 1,908 | — |
| Proceeds from issuance of common stock upon exercise of stock options | 9,871 | 10,481 | 15,108 |
| Proceeds from Employee Stock Purchase Plan | 10,294 | 9,875 | 7,742 |
| Employee payroll taxes paid related to net share settlement of restricted stock units | (32,400) | (28,677) | (23,586) |
| Repurchase of common stock | (50,000) | — | — |
| Net cash provided by (used in) financing activities | 51,600 | (6,413) | (736) |
| Effects of foreign currency exchange rates on cash, cash equivalents, and restricted cash | (401) | (168) | — |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 92,648 | (75,766) | 10,619 |
| Cash, cash equivalents, and restricted cash at beginning of period | 274,019 | 349,785 | 339,166 |
| Cash, cash equivalents, and restricted cash at end of period | $366,667 | $274,019 | $349,785 |
| Year Ended January 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets | |||
| Cash and cash equivalents | 363,011 | 274,019 | 349,785 |
| Restricted cash in other long-term assets | 3,656 | — | — |
| Total cash, cash equivalents, and restricted cash | $366,667 | $274,019 | $349,785 |
| Supplemental cash flow data: | |||
| Cash paid for interest | $2,971 | $3,594 | $1,797 |
| Cash paid for income taxes | $908 | $168 | $324 |
| Non-cash investing and financing activities: | |||
| Purchase of property and equipment, accrued but not yet paid | $430 | $159 | $2,666 |
| Stock-based compensation capitalized in internal use software | $1,647 | $1,320 | $1,163 |
| Unpaid bonus capitalized in internal use software | $255 | $354 | $189 |
| Issuance costs included in accrued expenses | $413 | $— | $— |
| Receivables for cash in-transit on stock options | $— | $436 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.