Zoom Video Communications Inc
For the period ended Jan 31, 2024. Filed Mar 4, 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 Mar 4, 2024
ZM$90.91-0.9%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
(in thousands)
| Year Ended January 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net income | $637,462 | $103,711 | $1,375,639 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Stock-based compensation expense | 1,057,161 | 1,285,752 | 477,287 |
| Deferred income taxes | (116,679) | (160,961) | (327,957) |
| Amortization of deferred contract acquisition costs | 270,701 | 259,368 | 177,283 |
| (Gains) losses on strategic investments, net | (109,770) | 37,571 | (43,761) |
| Depreciation and amortization | 104,451 | 82,321 | 48,188 |
| Provision for accounts receivable allowances | 35,244 | 50,285 | 36,747 |
| Unrealized foreign exchange losses (gains) | 12,259 | 13,266 | — |
| Non-cash operating lease cost | 21,066 | 28,933 | 18,387 |
| Amortization of discount/premium on marketable securities | (50,770) | 1,206 | 25,316 |
| Other | (7,670) | 1,647 | 4,591 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 53,270 | (231,845) | (159,183) |
| Prepaid expenses and other assets | (71,247) | (18,066) | (155,934) |
| Deferred contract acquisition costs | (214,657) | (298,629) | (247,371) |
| Accounts payable | (4,416) | 11,611 | (2,218) |
| Accrued expenses and other liabilities | 51,974 | 20,530 | 101,369 |
| Deferred revenue | (46,719) | 127,401 | 293,887 |
| Operating lease liabilities, net | (22,824) | (23,839) | (17,004) |
| Net cash provided by operating activities | 1,598,836 | 1,290,262 | 1,605,266 |
| Cash flows from investing activities: | |||
| Purchases of marketable securities | (4,083,968) | (2,849,121) | (4,434,749) |
| Maturities of marketable securities | 3,131,419 | 2,835,196 | 1,733,043 |
| Sales of marketable securities | 1,191 | — | 296,867 |
| Purchases of property and equipment | (126,953) | (103,826) | (132,590) |
| Purchases of strategic investments | (70,527) | (69,050) | (305,149) |
| Proceeds from strategic investments | 170,067 | 300 | — |
| Cash paid for acquisition, net of cash acquired | (204,918) | (120,553) | (3,501) |
| Purchases of intangible assets | — | (11,268) | (13,018) |
| Net cash used in investing activities | (1,183,689) | (318,322) | (2,859,097) |
| Cash flows from financing activities: | |||
| Cash paid for repurchases of common stock | — | (1,000,003) | — |
| Proceeds from issuance of common stock for employee stock purchase plan | 54,097 | 53,710 | 59,331 |
| Proceeds from exercise of stock options | 10,195 | 8,577 | 14,404 |
| Proceeds from employee equity transactions (remitted) to be remitted to employees and tax authorities, net | (4,106) | 774 | (40,004) |
| Other | — | — | 337 |
| Net cash provided by (used in) financing activities | 60,186 | (936,942) | 34,068 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (10,196) | (8,108) | — |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 465,137 | 26,890 | (1,219,763) |
| Cash, cash equivalents, and restricted cash—beginning of year | 1,100,243 | 1,073,353 | 2,293,116 |
| Cash, cash equivalents, and restricted cash—end of year | $1,565,380 | $1,100,243 | $1,073,353 |
| Supplemental disclosures of cash flow information | |||
|---|---|---|---|
| Cash paid for income taxes, net | $348,129 | $309,084 | $38,979 |
| Supplemental disclosures of non-cash investing and financing information | |||
| Purchase of equipment during the period included in accounts payable and accrued expenses | $16,206 | $11,946 | $13,728 |
| Vesting of early exercised stock options | $— | $238 | $407 |
| Reconciliation of cash, cash equivalents, and restricted cash within the consolidated balance sheets to the amounts shown in the consolidated statements of cash flows above: | |||
| Cash and cash equivalents | $1,558,252 | $1,086,830 | $1,062,820 |
| Restricted cash, current included in prepaid expenses and other current assets | 6,874 | 13,141 | 10,236 |
| Restricted cash, noncurrent included in other assets, noncurrent | 254 | 272 | 297 |
| Total cash, cash equivalents, and restricted cash | $1,565,380 | $1,100,243 | $1,073,353 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.