GoDaddy Inc
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
GDDY$113.13+1.3%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(In millions)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Operating activities | |||
| Net income | $936.9 | $1,375.6 | $352.9 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 135.3 | 171.3 | 194.6 |
| Equity-based compensation | 299.9 | 296.3 | 264.4 |
| (Gain) loss on derivative instruments | (16.8) | (12.0) | 27.6 |
| Deferred taxes | (177.8) | (993.2) | (18.4) |
| Other | 49.0 | 79.1 | 77.2 |
| Changes in operating assets and liabilities, net of amounts acquired: | |||
| Prepaid domain name registry fees | (42.3) | (41.9) | (34.7) |
| Accounts payable | (65.5) | 28.3 | 35.1 |
| Accrued expenses and other current liabilities | 0.3 | 56.2 | 11.3 |
| Deferred revenue | 235.4 | 149.2 | 101.6 |
| Other operating assets and liabilities | (66.7) | (61.3) | (31.9) |
| Net cash provided by operating activities | 1,287.7 | 1,047.6 | 979.7 |
| Investing activities | |||
| Maturities (purchases) of short-term investments | 40.0 | (40.0) | — |
| Business acquisitions, net of cash acquired | — | — | (72.5) |
| Purchases of intangible assets | — | (35.4) | (0.4) |
| Purchases of property and equipment | (26.6) | (42.0) | (59.7) |
| Other investing activities, net | 8.1 | 15.0 | 0.6 |
| Net cash provided by (used in) investing activities | 21.5 | (102.4) | (132.0) |
| Financing activities | |||
| Proceeds received from: | |||
| Issuance of term loans | 4,214.8 | 1,759.9 | 1,725.3 |
| Stock option exercises | 6.9 | 19.6 | 19.9 |
| Issuance of Class A common stock under employee stock purchase plan | 31.8 | 30.0 | 30.1 |
| Payments made for: | |||
| Repurchases of Class A common stock | (676.5) | (1,270.2) | (1,294.6) |
| Repayment of term loans | (4,237.1) | (1,786.3) | (1,789.9) |
| Other financing obligations | (17.3) | (14.7) | (17.5) |
| Net cash used in financing activities | (677.4) | (1,261.7) | (1,326.7) |
| Effect of exchange rate changes on cash and cash equivalents | (1.6) | 1.3 | (2.7) |
| Net increase (decrease) in cash and cash equivalents | 630.2 | (315.2) | (481.7) |
| Cash and cash equivalents, beginning of period | 458.8 | 774.0 | 1,255.7 |
| Cash and cash equivalents, end of period | $1,089.0 | $458.8 | $774.0 |
| Cash paid during the period for: | |||
| Interest on long-term debt, including impact of interest rate swaps | $150.2 | $169.8 | $127.3 |
| Income taxes, net of refunds received | $19.1 | $10.6 | $11.2 |
| Amounts included in the measurement of operating lease liabilities | $39.7 | $44.4 | $50.0 |
| Supplemental disclosure of non-cash transactions | |||
| Operating lease assets obtained in exchange for operating lease obligations | $11.5 | $8.3 | $14.9 |
| Accrued purchases of property and equipment at period end | $0.5 | $1.9 | $12.4 |
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