C3ai Inc
For the period ended Jul 31, 2024. Filed Sep 5, 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.
Jul 31, 2024 · Filed Sep 5, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Three Months Ended July 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(62,827) | $(64,358) |
| Adjustments to reconcile net loss to net cash provided by operating activities | ||
| Depreciation and amortization | 3,119 | 3,056 |
| Non-cash operating lease cost | 85 | 274 |
| Stock-based compensation expense | 54,683 | 50,880 |
| Accretion of discounts on marketable securities | (3,936) | (3,974) |
| Other | 98 | 25 |
| Changes in operating assets and liabilities | ||
| Accounts receivable(1) | (10,037) | 12,017 |
| Prepaid expenses, other current assets and other assets(2) | 1,604 | 3,051 |
| Accounts payable(3) | 20,033 | (564) |
| Accrued compensation and employee benefits | (1,755) | (39) |
| Operating lease liabilities | (498) | 8,204 |
| Other liabilities(4) | 6,138 | 2,254 |
| Deferred revenue(5) | 1,335 | (6,890) |
| Net cash provided by operating activities | 8,042 | 3,936 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (924) | (11,338) |
| Capitalized software development costs | — | (1,500) |
| Purchases of marketable securities | (230,924) | (322,534) |
| Maturities and sales of marketable securities | 190,298 | 250,572 |
| Net cash used in investing activities | (41,550) | (84,800) |
| Cash flows from financing activities: | ||
| Proceeds from exercise of Class A common stock options | 3,127 | 9,595 |
| Taxes paid related to net share settlement of equity awards | (2,945) | (7,118) |
| Net cash provided by financing activities | 182 | 2,477 |
| Net decrease in cash, cash equivalents and restricted cash | (33,326) | (78,387) |
| Cash, cash equivalents and restricted cash at beginning of period | 179,712 | 297,395 |
| Cash, cash equivalents and restricted cash at end of period | $146,386 | $219,008 |
| Cash and cash equivalents | $133,820 | $206,442 |
| Restricted cash included in other assets, non-current | 12,566 | 12,566 |
| Total cash, cash equivalents and restricted cash | $146,386 | $219,008 |
| Supplemental disclosure of cash flow information—cash paid for income taxes | $292 | $150 |
| Supplemental disclosures of non-cash investing and financing activities: | ||
| Purchases of property and equipment included in accounts payable and accrued liabilities | $301 | $5,764 |
| 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) | $1,345 | $778 |
| Receivable from exercise of stock options included in prepaid expenses, other current assets and other assets | $— | $33 |
| Vesting of early exercised stock options | $105 | $— |
(1)Including changes in related party balances of $12,444 for the three months ended July 31, 2023.
(2)Including changes in related party balances of $(810) for the three months ended July 31, 2023.
(3)Including changes in related party balances of $248 for the three months ended July 31, 2023.
(4)Including changes in related party balances of $(2,448) for the three months ended July 31, 2023.
(5)Including changes in related party balances of $(46) for the three months ended July 31, 2023.
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