Pure Storage Inc
For the period ended Feb 4, 2024. Filed Apr 1, 2024.
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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 Apr 1, 2024
P$101.98-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Fiscal Year Ended | |||
|---|---|---|---|
| 2022 | 2023 | 2024 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income (loss) | $(143,259) | $73,071 | $61,311 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 83,151 | 100,432 | 124,416 |
| Amortization of debt discount and debt issuance costs | 31,577 | 3,210 | 1,106 |
| Stock-based compensation expense | 286,963 | 327,617 | 331,427 |
| Impairment of long-lived assets | 471 | — | 16,766 |
| Other | 13,075 | 4,145 | 453 |
| Changes in operating assets and liabilities, net of effect of acquisition: | |||
| Accounts receivable, net | (81,247) | (70,724) | (49,687) |
| Inventory | 4,118 | (10,619) | 6,810 |
| Deferred commissions | (58,383) | 451 | (58,476) |
| Prepaid expenses and other assets | (25,788) | (31,580) | (25,669) |
| Operating lease right-of-use assets | 29,952 | 33,813 | 35,499 |
| Accounts payable | 6,711 | (7,075) | 13,468 |
| Accrued compensation and other liabilities | 58,961 | 72,084 | 43,317 |
| Operating lease liabilities | (32,351) | (33,359) | (31,891) |
| Deferred revenue | 236,176 | 305,768 | 208,872 |
| Net cash provided by operating activities | 410,127 | 767,234 | 677,722 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Purchases of property and equipment | (102,287) | (158,139) | (195,161) |
| Acquisition, net of cash acquired | — | (1,989) | — |
| Purchases of marketable securities and other | (617,643) | (501,435) | (471,501) |
| Sales of marketable securities | 200,482 | 6,155 | 59,053 |
| Maturities of marketable securities and other | 366,165 | 433,995 | 610,855 |
| Net cash provided by (used in) investing activities | (153,283) | (221,413) | 3,246 |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Net proceeds from exercise of stock options | 48,709 | 24,778 | 39,770 |
| Proceeds from issuance of common stock under employee stock purchase plan | 36,641 | 39,965 | 45,089 |
| Proceeds from borrowings | — | — | 106,890 |
| Principal payments on borrowings and finance lease obligations | (2,137) | (257,240) | (586,199) |
| Tax withholding on equity awards | (10,835) | (19,601) | (29,984) |
| Repurchases of common stock | (200,170) | (219,068) | (135,801) |
| Net cash used in financing activities | (127,792) | (431,166) | (560,235) |
| Net increase in cash, cash equivalents and restricted cash | 129,052 | 114,655 | 120,733 |
| Cash, cash equivalents and restricted cash, beginning of year | 347,691 | 476,743 | 591,398 |
| Cash, cash equivalents and restricted cash, end of year | $476,743 | $591,398 | $712,131 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF YEAR | |||
| Cash and cash equivalents | $466,199 | $580,854 | $702,536 |
| Restricted cash | $10,544 | $10,544 | $9,595 |
| Cash, cash equivalents and restricted cash, end of year | $476,743 | $591,398 | $712,131 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | |||
| Cash paid for interest | $5,019 | $1,185 | $5,834 |
| Cash paid for income taxes | $12,662 | $14,391 | $28,667 |
| SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING INFORMATION | |||
| Property and equipment purchased but not yet paid | $7,441 | $14,902 | $15,709 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.