Yext Inc
For the period ended Jan 31, 2024. Filed Mar 13, 2024.
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FY2024 · Filed Mar 13, 2024
YEXT$7.67+1.2%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
(In thousands)
| Fiscal year ended January 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Operating activities: | |||
| Net loss | $(2,630) | $(65,938) | $(93,259) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Depreciation and amortization expense | 15,805 | 17,583 | 16,783 |
| Bad debt expense | 888 | 182 | 1,253 |
| Stock-based compensation expense | 44,961 | 63,078 | 73,480 |
| Amortization of operating lease right-of-use assets | 8,804 | 8,799 | 9,296 |
| Other, net | 540 | 1,195 | 582 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 518 | (10,056) | (6,106) |
| Prepaid expenses and other current assets | 755 | (2,303) | 4,238 |
| Costs to obtain revenue contracts | 8,818 | 8,034 | (9,113) |
| Other long term assets | 896 | 1,140 | (231) |
| Accounts payable, accrued expenses and other current liabilities | (10,176) | 2,714 | (494) |
| Unearned revenue | (11,252) | 3,538 | 33,262 |
| Operating lease liabilities | (11,687) | (10,986) | (6,644) |
| Other long term liabilities | (83) | 873 | (1,198) |
| Net cash provided by operating activities | 46,157 | 17,853 | 21,849 |
| Investing activities: | |||
| Capital expenditures | (2,728) | (6,193) | (13,418) |
| Net cash used in investing activities | (2,728) | (6,193) | (13,418) |
| Financing activities: | |||
| Proceeds from exercise of stock options | 9,405 | 714 | 19,228 |
| Repurchase of common stock | (23,086) | (77,250) | — |
| Payments for taxes related to net share settlement of stock-based compensation awards | (13,015) | (5,129) | — |
| Payments of deferred financing costs | (452) | (509) | (263) |
| Proceeds, net from employee stock purchase plan withholdings | 3,894 | 3,153 | 5,652 |
| Net cash (used in) provided by financing activities | (23,254) | (79,021) | 24,617 |
| Effect of exchange rate changes on cash and cash equivalents | (205) | (3,635) | (2,249) |
| Net increase (decrease) in cash and cash equivalents | 19,970 | (70,996) | 30,799 |
| Cash and cash equivalents at beginning of period | 190,214 | 261,210 | 230,411 |
| Cash and cash equivalents at end of period | $210,184 | $190,214 | $261,210 |
| Supplemental disclosure of cash flow data: | |||
| Cash paid on interest | $— | $41 | $75 |
| Cash paid on income taxes | $2,716 | $1,046 | $1,325 |
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