NERDWALLET INC
For the period ended Sep 30, 2024. Filed Oct 29, 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 29, 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
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| (in millions) | 2024 | 2023 |
| Operating Activities: | ||
| Net loss | $(8.2) | $(9.5) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 37.0 | 36.0 |
| Stock-based compensation | 29.2 | 29.3 |
| Deferred taxes | (0.2) | (0.4) |
| Non-cash lease costs | 1.7 | 2.1 |
| Other, net | 0.3 | 1.2 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (27.3) | 1.6 |
| Prepaid expenses and other assets | 3.5 | (6.2) |
| Accounts payable | 10.3 | 7.6 |
| Accrued expenses and other current liabilities | 16.8 | (5.9) |
| Payment of contingent consideration | — | (14.0) |
| Operating lease liabilities | (2.5) | (2.3) |
| Other liabilities | 1.3 | 3.0 |
| Net cash provided by operating activities | 61.9 | 42.5 |
| Investing Activities: | ||
| Purchase of investment | (8.1) | — |
| Capitalized software development costs | (15.9) | (19.6) |
| Purchase of property and equipment | (0.4) | (0.5) |
| Net cash used in investing activities | (24.4) | (20.1) |
| Financing Activities: | ||
| Payment of contingent consideration | — | (16.9) |
| Proceeds from line of credit | — | 7.5 |
| Payments on line of credit | — | (7.5) |
| Payment of debt issuance costs | — | (1.1) |
| Proceeds from exercise of stock options | 5.2 | 9.1 |
| Issuance of Class A common stock under Employee Stock Purchase Plan | — | 1.9 |
| Repurchase of Class A common stock | (69.8) | (12.1) |
| Tax payments related to net-share settlements on restricted stock units | (1.7) | (0.7) |
| Net cash used in financing activities | (66.3) | (19.8) |
| Effect of exchange rate changes on cash and cash equivalents | 0.1 | 0.1 |
| Net increase (decrease) in cash and cash equivalents | (28.7) | 2.7 |
| Cash and Cash Equivalents: | ||
| Beginning of period | 100.4 | 83.9 |
| End of period | $71.7 | $86.6 |
| Supplemental Disclosures of Non-Cash Investing and Financing Activities: | ||
| Capitalized software development costs recorded in accounts payable and accrued expenses and other current liabilities | $0.7 | $2.6 |
| Repurchases of Class A common stock recorded in accrued expenses and other current liabilities | 2.4 | — |
| Supplemental Disclosures of Cash Flow Information: | ||
| Income tax payments | $10.2 | $11.7 |
| Cash paid for interest | 0.3 | 0.3 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| (in millions) | 2024 | 2023 |
| Supplemental Cash Flow Disclosure Related to Operating Leases: | ||
| Cash paid for amounts included in the measurement of lease liabilities | $2.9 | $2.7 |
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