Allbirds Inc
For the period ended Dec 31, 2024. Filed Mar 12, 2025.
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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 Mar 12, 2025
BIRD$1.26-6.7%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
(in thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(93,318) | $(152,458) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 12,396 | 21,005 |
| Amortization of debt issuance costs | 8 | 49 |
| Stock-based compensation | 11,472 | 19,346 |
| Inventory write-down | 2,686 | 8,253 |
| Deferred taxes | 912 | (474) |
| Impairment expense | 1,800 | 27,374 |
| Realized loss on equity investment | — | 84 |
| Net loss from sales of businesses | 459 | 2,772 |
| Changes in assets and liabilities: | ||
| Accounts receivable | 1,963 | 1,000 |
| Inventory | 6,903 | 47,529 |
| Prepaid expenses and other current assets | 1,624 | (1,158) |
| Operating lease right-of-use assets and current and noncurrent lease liabilities | (11,300) | 2,555 |
| Accounts payable and accrued expenses | 1,016 | (6,706) |
| Other long-term liabilities | (9) | 38 |
| Deferred revenue | (472) | 569 |
| Net cash used in operating activities | (63,860) | (30,222) |
| Cash flows from investing activities: | ||
| Purchase of property and equipment | (4,095) | (10,870) |
| Proceeds from sale of equity investment | — | 166 |
| Proceeds from sales of businesses | 4,010 | 2,182 |
| Changes in security deposits | 2,203 | 810 |
| Net cash provided by (used in) investing activities | 2,118 | (7,712) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of common stock under the employee stock purchase plan | 254 | 327 |
| Proceeds from the exercise of stock options | 34 | 894 |
| Taxes withheld and paid on employee stock awards | (1) | (581) |
| Net cash provided by financing activities | 287 | 640 |
| Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash | (1,635) | 200 |
| Net decrease in cash, cash equivalents, and restricted cash | (63,090) | (37,094) |
| Cash, cash equivalents, and restricted cash—beginning of year | 130,673 | 167,767 |
| Cash, cash equivalents, and restricted cash—end of year | $67,583 | $130,673 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid for interest | $124 | $111 |
| Cash paid for taxes | $1,667 | $1,785 |
| Noncash investing and financing activities: | ||
| Purchase of property and equipment included in accrued liabilities | $54 | $— |
| Stock-based compensation included in capitalized internal-use software | $267 | $866 |
| Reconciliation of cash, cash equivalents, and restricted cash: | ||
| Cash and cash equivalents | $66,732 | $130,032 |
| Restricted cash included in prepaid expenses and other current assets | 851 | 641 |
| Total cash, cash equivalents, and restricted cash | $67,583 | $130,673 |
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