GoDaddy Inc
For the period ended Sep 30, 2024. Filed Oct 31, 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.
Sep 30, 2024 · Filed Oct 31, 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)
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities | ||
| Net income | $738.3 | $261.5 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 103.1 | 132.6 |
| Equity-based compensation expense | 222.4 | 227.6 |
| (Gain) loss on derivative instruments | 6.7 | (9.2) |
| Deferred taxes | (213.7) | (19.4) |
| Loss on dispositions | 1.9 | 16.8 |
| Other | 29.7 | 37.4 |
| Changes in operating assets and liabilities, net of amounts acquired: | ||
| Prepaid domain name registry fees | (40.3) | (47.3) |
| Accounts payable | (73.9) | 6.2 |
| Accrued expenses and other current liabilities | (15.7) | 45.2 |
| Deferred revenue | 262.3 | 173.4 |
| Other operating assets and liabilities | (73.6) | (74.9) |
| Net cash provided by operating activities | 947.2 | 749.9 |
| Investing activities | ||
| Maturities of short-term investments | 40.0 | — |
| Purchases of intangible assets | — | (35.4) |
| Net proceeds received from dispositions | 8.1 | 12.4 |
| Purchases of property and equipment | (12.2) | (38.0) |
| Other investing activities | — | (0.4) |
| Net cash provided by (used in) investing activities | 35.9 | (61.4) |
| Financing activities | ||
| Proceeds received from: | ||
| Issuance of term loans | 2,752.3 | 1,759.9 |
| Stock option exercises | 4.4 | 9.6 |
| Issuance of Class A common stock under ESPP | 19.5 | 18.2 |
| Payments made for: | ||
| Repurchases of Class A common stock | (668.1) | (1,133.2) |
| Repayment of long-term debt | (2,768.4) | (1,780.0) |
| Other financing obligations | (15.6) | (7.8) |
| Net cash used in financing activities | (675.9) | (1,133.3) |
| Effect of exchange rate changes on cash and cash equivalents | 1.1 | — |
| Net increase (decrease) in cash and cash equivalents | 308.3 | (444.8) |
| Cash and cash equivalents, beginning of period | 458.8 | 774.0 |
| Cash and cash equivalents, end of period | $767.1 | $329.2 |
| Cash paid during the period for: | ||
|---|---|---|
| Interest on long-term debt, including impact of interest rate swaps | $113.2 | $128.3 |
| Income taxes, net of refunds received | $16.8 | $7.2 |
| Amounts included in the measurement of operating lease liabilities | $29.9 | $34.0 |
| Supplemental disclosure of non-cash transactions | ||
| Operating lease assets obtained in exchange for operating lease liabilities | $11.5 | $8.4 |
| Accrued purchases of property and equipment at period end | $1.6 | $1.0 |
| Share repurchases not yet settled | $— | $17.9 |
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