Katapult Holdings Inc
For the period ended Dec 31, 2023. Filed Apr 24, 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.
FY2023 · Filed Apr 24, 2024
KPLT$11.52-1.9%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
(dollars in thousands)
| Years Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| (As Restated) | ||
| Cash flows from operating activities: | ||
| Net loss | $(36,666) | $(40,472) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 126,533 | 116,835 |
| Net book value of property held for lease buyouts | 25,784 | 30,576 |
| Impairment on property held for lease expense | 22,019 | 17,575 |
| Change in fair value of warrants liability | (807) | (6,439) |
| Stock-based compensation | 7,034 | 6,439 |
| Loss on partial extinguishment of debt | 2,391 | — |
| Amortization of debt discount | 2,760 | 4,541 |
| Amortization of debt issuance costs, net | 277 | 361 |
| Accrued PIK Interest | 1,555 | 2,121 |
| Amortization of right-of-use assets | 355 | 367 |
| Change in operating assets and liabilities: | ||
| Property held for lease | (183,695) | (151,345) |
| Prepaid expenses and other current assets | 3,610 | (3,730) |
| Litigation insurance reimbursement receivable | (5,000) | — |
| Accounts payable | (361) | (765) |
| Accrued liabilities | 4,419 | 3,968 |
| Accrued litigation settlement | 12,000 | — |
| Lease liabilities | (387) | (413) |
| Unearned revenues | 765 | (467) |
| Net cash used in operating activities | (17,414) | (20,848) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (20) | (168) |
| Additions to capitalized software | (954) | (1,337) |
| Net cash used in investing activities | (974) | (1,505) |
| Cash flows from financing activities: | ||
| Proceeds from revolving line of credit | 14,297 | 18,517 |
| Principal repayments on revolving line of credit | (11,551) | (22,477) |
| Principal repayment on term loan | (25,000) | — |
| Payments of deferred financing costs | (34) | — |
| Repurchases of restricted stock | (355) | (344) |
| Proceeds from exercise of stock options | 1 | 67 |
| Net cash used in financing activities | (22,642) | (4,237) |
| Net decrease in cash, cash equivalents and restricted cash | (41,030) | (26,590) |
| Cash, cash equivalents and restricted cash at beginning of period | 69,841 | 96,431 |
| Cash, cash equivalents and restricted cash at end of period | $28,811 | $69,841 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $13,014 | $12,032 |
| Cash paid for income taxes | $206 | $446 |
| Deferred financing costs included in accrued liabilities | $481 | $— |
| Issuance of warrants to purchase common stock in connection with debt refinancing | $4,060 | $— |
| Right-of-use assets obtained in exchange for operating lease liabilities | $471 | $1,139 |
| Cash paid for operating leases | $513 | $511 |
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