Zoom Communications Inc
For the period ended Jan 31, 2025. Filed Feb 28, 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.
FY2025 · Filed Feb 28, 2025
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, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities: | |||
| Net income | $1,010,238 | $637,462 | $103,711 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Stock-based compensation expense | 931,309 | 1,057,161 | 1,285,752 |
| Deferred income taxes | (90,551) | (116,679) | (160,961) |
| Amortization of deferred contract acquisition costs | 282,103 | 270,701 | 259,368 |
| (Gains) losses on strategic investments, net | (177,142) | (109,770) | 37,571 |
| Depreciation and amortization | 122,632 | 104,451 | 82,321 |
| Provision for accounts receivable allowances | 20,022 | 35,244 | 50,285 |
| Unrealized foreign exchange losses | 17,165 | 12,259 | 13,266 |
| Non-cash operating lease cost | 24,066 | 21,066 | 28,933 |
| Amortization of discount/premium on marketable securities | (71,636) | (50,770) | 1,206 |
| Other | 4,048 | (7,670) | 1,647 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 26,640 | 53,270 | (231,845) |
| Prepaid expenses and other assets | (17,114) | (71,247) | (18,066) |
| Deferred contract acquisition costs | (246,727) | (214,657) | (298,629) |
| Accounts payable | (3,133) | (4,416) | 11,611 |
| Accrued expenses and other liabilities | 62,277 | 51,974 | 20,530 |
| Deferred revenue | 79,995 | (46,719) | 127,401 |
| Operating lease liabilities, net | (28,884) | (22,824) | (23,839) |
| Net cash provided by operating activities | 1,945,308 | 1,598,836 | 1,290,262 |
| Cash flows from investing activities: | |||
| Purchases of marketable securities | (4,622,104) | (4,083,968) | (2,849,121) |
| Maturities of marketable securities | 3,610,274 | 3,131,419 | 2,835,196 |
| Sales of marketable securities | 47,482 | 1,191 | — |
| Purchases of property and equipment | (136,560) | (126,953) | (103,826) |
| Purchases of strategic investments | (18,500) | (70,527) | (69,050) |
| Proceeds from strategic investments | 13,384 | 170,067 | 300 |
| Cash paid for acquisition, net of cash acquired | — | (204,918) | (120,553) |
| Purchases of intangible assets | — | — | (11,268) |
| Net cash used in investing activities | (1,106,024) | (1,183,689) | (318,322) |
| Cash flows from financing activities: | |||
| Cash paid for repurchases of common stock | (1,093,878) | — | (1,000,003) |
| Proceeds from issuance of common stock for employee stock purchase plan | 54,008 | 54,097 | 53,710 |
| Proceeds from exercise of stock options | 4,619 | 10,195 | 8,577 |
| Proceeds from employee equity transactions to be remitted (remitted) to employees and tax authorities, net | 7,174 | (4,106) | 774 |
| Net cash (used in) provided by financing activities | (1,028,077) | 60,186 | (936,942) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (15,170) | (10,196) | (8,108) |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | (203,963) | 465,137 | 26,890 |
| Cash, cash equivalents, and restricted cash—beginning of year | 1,565,380 | 1,100,243 | 1,073,353 |
| Cash, cash equivalents, and restricted cash—end of year | $1,361,417 | $1,565,380 | $1,100,243 |
| Supplemental disclosures of cash flow information | |||
|---|---|---|---|
| Cash paid for income taxes, net | $395,401 | $348,129 | $309,084 |
| Supplemental disclosures of non-cash investing and financing information | |||
| Purchase of equipment during the period included in accounts payable and accrued expenses | $20,393 | $16,206 | $11,946 |
| Excise tax on share repurchases included in accrued expenses | $1,240 | $— | $— |
| Vesting of early exercised stock options | $— | $— | $238 |
| 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 | $1,349,380 | $1,558,252 | $1,086,830 |
| Restricted cash, current included in prepaid expenses and other current assets | 12,037 | 6,874 | 13,141 |
| Restricted cash, noncurrent included in other assets, noncurrent | — | 254 | 272 |
| Total cash, cash equivalents, and restricted cash | $1,361,417 | $1,565,380 | $1,100,243 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.