Health Catalyst Inc
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
HCAT$1.44-4.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Health Catalyst, Inc. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(in thousands)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities | |||
| Net loss | $(69,502) | $(118,147) | $(137,403) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Stock-based compensation expense | 40,128 | 55,756 | 72,104 |
| Depreciation and amortization | 41,431 | 42,223 | 48,297 |
| Investment discount and premium accretion | (4,757) | (9,720) | (2,236) |
| Impairment of long-lived assets | 2,200 | 4,081 | 5,023 |
| Non-cash operating lease expense | 2,685 | 2,990 | 3,231 |
| Provision for expected credit losses | 1,202 | 1,821 | 691 |
| Amortization of debt discount, issuance costs, and deferred financing costs | 3,256 | 1,511 | 1,500 |
| Deferred tax provision (benefit) | 77 | 8 | (4,523) |
| Change in fair value of contingent consideration liabilities | (1,642) | — | (4,668) |
| Payment of acquisition-related contingent consideration | — | — | (3,234) |
| Other | 141 | 67 | (145) |
| Change in operating assets and liabilities: | |||
| Accounts receivable, net | 4,281 | (13,663) | 788 |
| Prepaid expenses and other assets | (50) | 164 | (478) |
| Accounts payable, accrued liabilities, and other liabilities | 5,581 | 4,868 | (4,702) |
| Deferred revenue | (7,012) | (1,487) | (5,997) |
| Operating lease liabilities | (3,460) | (3,552) | (3,518) |
| Net cash provided by (used in) operating activities | 14,559 | (33,080) | (35,270) |
| Cash flows from investing activities | |||
| Proceeds from the sale and maturity of short-term investments | 242,067 | 336,801 | 315,171 |
| Purchases of short-term investments | (168,307) | (290,836) | (308,961) |
| Capitalization of internal-use software | (14,274) | (11,957) | (12,987) |
| Acquisition of businesses, net of cash acquired | (80,277) | (11,392) | (27,846) |
| Purchases of property and equipment | (1,616) | (1,236) | (2,167) |
| Purchases of intangible assets | (508) | (1,118) | (2,260) |
| Proceeds from the sale of property and equipment | 13 | 31 | 29 |
| Net cash provided by (used in) investing activities | (22,902) | 20,293 | (39,021) |
| Cash flows from financing activities | |||
| Proceeds from issuance of long-term debt, net of issuance costs | 152,277 | — | — |
| Payment of deferred financing costs | (2,152) | — | — |
| Repayment of debt | (959) | — | — |
| Proceeds from employee stock purchase plan | 2,411 | 3,588 | 3,153 |
| Proceeds from exercise of stock options | 169 | 950 | 3,969 |
| Repurchase of common stock | — | (1,808) | (8,393) |
| Payments of acquisition-related consideration | — | — | (1,342) |
| Net cash provided by (used in) financing activities | 151,746 | 2,730 | (2,613) |
| Effect of exchange rate changes on cash and cash equivalents | (34) | 21 | (11) |
| Net increase (decrease) in cash and cash equivalents | 143,369 | (10,036) | (76,915) |
| Cash and cash equivalents at beginning of period | 106,276 | 116,312 | 193,227 |
| Cash and cash equivalents at end of period | $249,645 | $106,276 | $116,312 |
| Supplemental disclosures of cash flow information | |||||
|---|---|---|---|---|---|
| Cash paid for interest | $10,119 | $5,750 | $5,750 | ||
| Cash paid for income taxes, net | 269 | 266 | 297 | ||
| Supplemental disclosures of non-cash investing and financing information | |||||
| Common stock issued in connection with business acquisitions | $24,932 | $— | $3,006 | ||
| Operating lease right-of-use assets obtained in exchange for operating lease obligations | 1,267 | 2,033 | 169 | ||
| Stock-based compensation capitalized as internal-use software | 1,018 | 889 | 976 | ||
| Capitalized internal-use software included in accounts payable and accrued liabilities | 265 | 169 | 448 | ||
| Purchase of property and equipment included in accounts payable and accrued liabilities | 13 | 7 | 213 | ||
| Purchase of intangible assets included in accounts payable and accrued liabilities | — | 1,310 | 488 | ||
| Common stock issued for settlement of contingent consideration | — | — | 10,052 | ||
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