GoDaddy Inc
For the period ended Mar 31, 2024. Filed May 3, 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.
Mar 31, 2024 · Filed May 3, 2024
GDDY$113.13+1.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows (unaudited)
(In millions)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities | ||
| Net income | $401.5 | $47.4 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 37.2 | 48.5 |
| Equity-based compensation expense | 71.8 | 73.9 |
| Non-cash restructuring and other charges | 1.9 | 21.0 |
| Deferred taxes | (259.5) | (10.0) |
| Other | 5.6 | 8.9 |
| Changes in operating assets and liabilities, net of amounts acquired: | ||
| Prepaid domain name registry fees | (22.1) | (29.5) |
| Deferred revenue | 146.1 | 114.8 |
| Other operating assets and liabilities | (85.3) | (4.7) |
| Net cash provided by operating activities | 297.2 | 270.3 |
| Investing activities | ||
| Maturities of short-term investments | 40.0 | — |
| Net proceeds received from disposition of a business | 8.1 | — |
| Purchases of property and equipment | (4.4) | (22.8) |
| Net cash provided by (used in) investing activities | 43.7 | (22.8) |
| Financing activities | ||
| Proceeds from stock option exercises | 2.1 | 3.2 |
| Payments made for: | ||
| Repurchases of Class A common stock | (128.3) | (119.7) |
| Repayment of long-term debt | (6.3) | (6.3) |
| Other financing obligations | (2.5) | (1.4) |
| Net cash used in financing activities | (135.0) | (124.2) |
| Cash and cash equivalents classified within assets held for sale | — | (5.2) |
| Effect of exchange rate changes on cash and cash equivalents | (0.7) | 0.3 |
| Net increase in cash and cash equivalents | 205.2 | 118.4 |
| Cash and cash equivalents, beginning of period | 458.8 | 774.0 |
| Cash and cash equivalents, end of period | $664.0 | $892.4 |
| Cash paid during the period for: | ||
|---|---|---|
| Interest on long-term debt, including impact of interest rate swaps | $31.2 | $44.7 |
| Income taxes, net of refunds received | $5.2 | $2.2 |
| Amounts included in the measurement of operating lease liabilities | $10.6 | $12.1 |
| Supplemental disclosure of non-cash transactions | ||
| Operating lease assets obtained in exchange for operating lease liabilities | $0.3 | $1.4 |
| Accrued purchases of property and equipment at period end | $0.5 | $2.0 |
| Share repurchases not yet settled | $19.3 | $— |
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