NERDWALLET INC
For the period ended Mar 31, 2024. Filed Apr 25, 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 Apr 25, 2024
NRDS$7.42-5.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Three Months EndedMarch 31, | ||
|---|---|---|
| (in millions) | 2024 | 2023 |
| Operating Activities: | ||
| Net income | $1.1 | $1.7 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 11.9 | 11.7 |
| Stock-based compensation | 8.7 | 8.6 |
| Deferred taxes | (0.1) | (0.1) |
| Non-cash lease costs | 0.5 | 0.7 |
| Other, net | 0.2 | 1.4 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (18.5) | (11.8) |
| Prepaid expenses and other assets | 3.0 | (2.6) |
| Accounts payable | 13.4 | 8.6 |
| Accrued expenses and other current liabilities | 3.0 | (0.8) |
| Operating lease liabilities | (0.8) | (0.7) |
| Other liabilities | 0.3 | (0.3) |
| Net cash provided by operating activities | 22.7 | 16.4 |
| Investing Activities: | ||
| Purchase of investment | (8.1) | — |
| Capitalized software development costs | (5.4) | (7.3) |
| Purchase of property and equipment | — | (0.3) |
| Net cash used in investing activities | (13.5) | (7.6) |
| Financing Activities: | ||
| Proceeds from line of credit | — | 7.5 |
| Payments on line of credit | — | (7.5) |
| Proceeds from exercise of stock options | 1.7 | 8.4 |
| Tax payments related to net-share settlements on restricted stock units | (0.4) | (0.3) |
| Net cash provided by financing activities | 1.3 | 8.1 |
| Net increase in cash and cash equivalents | 10.5 | 16.9 |
| Cash and Cash Equivalents: | ||
| Beginning of period | 100.4 | 83.9 |
| End of period | $110.9 | $100.8 |
| Supplemental Disclosures of Non-Cash Investing and Financing Activities: | ||
| Capitalized software development costs recorded in accounts payable and accrued expenses and other current liabilities | $0.6 | $0.7 |
| Purchase of property and equipment recorded in accounts payable and accrued expenses and other current liabilities | — | 0.1 |
| Supplemental Disclosures of Cash Flow Information: | ||
| Income tax payments | $0.2 | $0.3 |
| Cash paid for interest | 0.1 | — |
| Supplemental Cash Flow Disclosure Related to Operating Leases: | ||
| Cash paid for amounts included in the measurement of lease liabilities | $1.0 | $0.9 |
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