C3ai Inc
For the period ended Jan 31, 2024. Filed Feb 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.
Jan 31, 2024 · Filed Feb 29, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended January 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(206,769) | $(203,883) |
| Adjustments to reconcile net loss to net cash used in operating activities | ||
| Depreciation and amortization | 9,469 | 3,257 |
| Non-cash operating lease cost | 656 | 5,820 |
| Stock-based compensation expense | 159,032 | 168,474 |
| Accretion of discounts on marketable securities | (13,238) | (1,990) |
| Other | 110 | 211 |
| Changes in operating assets and liabilities | ||
| Accounts receivable(1) | (38,892) | (63,609) |
| Prepaid expenses, other current assets and other assets(2) | (3,379) | (7,745) |
| Accounts payable(3) | (4,945) | (26,250) |
| Accrued compensation and employee benefits | 171 | 1,069 |
| Operating lease liabilities | 14,330 | (3,296) |
| Other liabilities(4) | 6,296 | (4,606) |
| Deferred revenue(5) | (6,546) | (10,197) |
| Net cash used in operating activities | (83,705) | (142,745) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (22,718) | (59,767) |
| Capitalized software development costs | (2,750) | (1,000) |
| Purchases of marketable securities | (657,431) | (497,288) |
| Maturities and sales of marketable securities | 590,299 | 674,440 |
| Net cash (used in) provided by investing activities | (92,600) | 116,385 |
| Cash flows from financing activities: | ||
| Proceeds from issuance of Class A common stock under employee stock purchase plan | 5,055 | — |
| Proceeds from exercise of Class A common stock options | 11,379 | 2,364 |
| Taxes paid related to net share settlement of equity awards | (10,397) | (4,815) |
| Net cash provided by (used in) financing activities | 6,037 | (2,451) |
| Net decrease in cash, cash equivalents and restricted cash | (170,268) | (28,811) |
| Cash, cash equivalents and restricted cash at beginning of period | 297,395 | 352,519 |
| Cash, cash equivalents and restricted cash at end of period | $127,127 | $323,708 |
| Cash and cash equivalents | $114,561 | $311,142 |
| Restricted cash included in other assets, non-current | 12,566 | 12,566 |
| Total cash, cash equivalents and restricted cash | $127,127 | $323,708 |
| Supplemental disclosure of cash flow information—cash paid for income taxes | $760 | $219 |
| Supplemental disclosures of non-cash investing and financing activities: | ||
| Purchases of property and equipment included in accounts payable and accrued liabilities | $2,475 | $12,618 |
| Right-of-use assets obtained in exchange for lease obligations (including remeasurement of right-of-use assets and lease liabilities due to changes in the timing of receipt of lease incentives) | $1,858 | $2,033 |
| Unpaid liabilities related to intangible purchases | $— | $1,500 |
| Vesting of early exercised stock options | $406 | $842 |
(1)Including changes in related party balances of $12,444 and $46,295 for the nine months ended January 31, 2024 and 2023, respectively.
(2)Including changes in related party balances of $(810) and $(3,525) for the nine months ended January 31, 2024 and 2023, respectively.
(3)Including changes in related party balances of $248 and $(18,549) for the nine months ended January 31, 2024 and 2023, respectively.
(4)Including changes in related party balances of $(2,448) and $(2,510) for the nine months ended January 31, 2024 and 2023, respectively.
(5)Including changes in related party balances of $(46) and $186 for the nine months ended January 31, 2024 and 2023, respectively.
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