NERDWALLET INC
For the period ended Dec 31, 2024. Filed Feb 19, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 19, 2025
NRDS$7.42-5.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
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 (loss) | $30.4 | $(11.8) | $(10.2) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 48.4 | 48.2 | 37.0 |
| Stock-based compensation | 37.7 | 38.8 | 34.4 |
| Change in fair value of contingent consideration related to earnouts | — | — | 6.7 |
| Deferred taxes | (46.1) | (0.5) | (12.6) |
| Non-cash lease costs | 2.2 | 2.8 | 2.6 |
| Other losses, net | 8.6 | 2.9 | 1.3 |
| Changes in operating assets and liabilities, net of business combinations: | |||
| Accounts receivable | (27.0) | 10.7 | (18.7) |
| Prepaid expenses and other assets | (1.8) | (4.4) | (0.7) |
| Mortgage loans held for sale | 2.1 | — | — |
| Accounts payable | 6.6 | (1.8) | (5.6) |
| Accrued expenses and other current liabilities | 12.5 | (2.4) | 5.8 |
| Payment of contingent consideration | — | (14.0) | (11.5) |
| Operating lease liabilities | (3.4) | (3.1) | (2.4) |
| Other liabilities | 1.6 | 6.7 | (1.1) |
| Net cash provided by operating activities | 71.8 | 72.1 | 25.0 |
| Investing Activities: | |||
| Purchase of investment | (8.1) | — | — |
| Capitalized software development costs | (20.7) | (28.8) | (27.6) |
| Purchase of property and equipment | (0.6) | (0.7) | (4.6) |
| Business combinations, net of cash acquired | (0.3) | — | (68.1) |
| Net cash used in investing activities | (29.7) | (29.5) | (100.3) |
| Financing Activities: | |||
| Payment of contingent consideration | — | (16.9) | (19.0) |
| Net repayment on warehouse line of credit | (2.0) | — | — |
| Proceeds from line of credit | — | 7.5 | 70.0 |
| Payments on line of credit | — | (7.5) | (70.0) |
| Payment of debt issuance costs | — | (1.4) | — |
| Proceeds from exercise of stock options | 6.3 | 10.2 | 7.7 |
| Issuance of Class A common stock under Employee Stock Purchase Plan | 1.4 | 3.0 | 4.5 |
| Tax payments related to net-share settlements on restricted stock units | (2.1) | (1.1) | (0.6) |
| Payment of offering costs related to initial public offering | — | — | (1.0) |
| Repurchase of Class A common stock | (80.1) | (20.0) | — |
| Net cash used in financing activities | (76.5) | (26.2) | (8.4) |
| Effect of exchange rate changes on cash and cash equivalents | 0.3 | 0.1 | (0.2) |
| Net increase (decrease) in cash and cash equivalents | (34.1) | 16.5 | (83.9) |
| Cash and Cash Equivalents: | |||
| Beginning of year | 100.4 | 83.9 | 167.8 |
| End of year | $66.3 | $100.4 | $83.9 |
CONSOLIDATED STATEMENTS OF CASH FLOWS
| (in millions) | |||
|---|---|---|---|
| Year Ended December 31, | 2024 | 2023 | 2022 |
| Supplemental Disclosures of Non-Cash Investing and Financing Activities: | |||
| Capitalized software development costs recorded in accounts payable and accrued expenses and other current liabilities | $0.4 | $0.5 | $0.9 |
| Repurchases of Class A common stock recorded in accrued expenses and other current liabilities | 0.3 | — | — |
| Supplemental Disclosures of Cash Flow Information: | |||
| Income tax payments | $16.0 | $13.5 | $4.0 |
| Cash paid for interest | 0.3 | 0.3 | 1.9 |
| Supplemental Cash Flow Disclosure Related to Operating Leases: | |||
| Cash paid for amounts included in the measurement of lease liabilities | $3.9 | $3.7 | $3.1 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.