Criteo SA
For the period ended Jun 30, 2024. Filed Aug 1, 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.
Jun 30, 2024 · Filed Aug 1, 2024
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 (Unaudited)
| Six Months Ended | ||
|---|---|---|
| June 30, 2024 | June 30, 2023 | |
| (in thousands) | ||
| Net income (loss) | $36,625 | $(14,042) |
| Non-cash and non-operating items | 82,574 | 48,886 |
| - Amortization and provisions | 46,324 | 37,422 |
| - Equity awards compensation expense (1) | 47,978 | 52,341 |
| - Net (gain) or loss on disposal of non-current assets | 574 | (8,797) |
| - Change in uncertain tax position | 1,757 | (467) |
| - Net change in fair value of earn-out | 3,187 | 516 |
| - Change in deferred taxes | 8,089 | (20,536) |
| - Change in income taxes | (28,420) | (13,615) |
| - Other | 3,085 | 2,022 |
| Changes in working capital related to operating activities | (87,995) | 8,448 |
| - (Increase) / Decrease in trade receivables | 136,520 | 129,454 |
| - Increase / (Decrease) in trade payables | (193,210) | (128,557) |
| - (Increase) / Decrease in other current assets | (24,021) | (6,652) |
| - Increase/ (Decrease) in other current liabilities | (4,472) | 14,597 |
| - Change in operating lease liabilities and right of use assets | (2,812) | (394) |
| Cash from operating activities | 31,204 | 43,292 |
| Acquisition of intangible assets, property, plant and equipment | (36,968) | (61,507) |
| Change in accounts payable related to intangible assets, property, plant and equipment | 2,625 | (17,231) |
| Payment for business, net of cash acquired | (527) | (6,957) |
| Proceeds from disposition of investments | — | 9,625 |
| Change in other non-current financial assets | (287) | (12,267) |
| Cash used for investing activities | (35,157) | (88,337) |
| Proceeds from exercise of stock options | 1,207 | 1,697 |
| Repurchase of treasury stocks | (102,495) | (74,866) |
| Cash payment for contingent consideration | — | (22,025) |
| Change in other financing activities | (810) | (923) |
| Cash used for financing activities | (102,098) | (96,117) |
| Effect of exchange rates changes on cash and cash equivalents | (13,507) | (8,855) |
| Net decrease in cash and cash equivalents and restricted cash | (119,558) | (150,017) |
| Net cash and cash equivalents and restricted cash at beginning of period | 411,257 | 448,200 |
| Net cash and cash equivalents and restricted cash at end of period | $291,698 | $298,183 |
| Supplemental disclosures of cash flow information | ||
| Cash paid for taxes, net of refunds | (24,571) | (31,101) |
| Cash paid for interest | (653) | (676) |
(1) Ofwhich $47.1 million and $51.4 million of equity awards compensation expense consisted of share-based compensation expense, net of capitalized stock-based compensation relating to internally developed software according to ASC 718 Compensation - stock compensation for the three months ended June 30, 2024 and 2023, respectively.
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