Snowflake Inc
For the period ended Jan 31, 2024. Filed Mar 26, 2024.
View on SEC.govAbout this filing
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 26, 2024
SNOW$295.76+1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| Fiscal Year Ended January 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net loss | $(837,990) | $(797,526) | $(679,948) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Depreciation and amortization | 119,903 | 63,535 | 21,498 |
| Non-cash operating lease costs | 52,892 | 46,240 | 35,553 |
| Amortization of deferred commissions | 74,787 | 57,445 | 37,876 |
| Stock-based compensation, net of amounts capitalized | 1,168,015 | 861,533 | 605,095 |
| Net amortization (accretion) of premiums (discounts) on investments | (61,525) | 3,497 | 48,002 |
| Net realized and unrealized losses (gains) on strategic investments in equity securities | (46,809) | 46,435 | (27,621) |
| Deferred income tax | (26,762) | (26,664) | (717) |
| Other | 14,895 | 1,618 | 2,014 |
| Changes in operating assets and liabilities, net of effects of business combinations: | |||
| Accounts receivable | (212,083) | (166,965) | (251,652) |
| Deferred commissions | (134,787) | (95,107) | (95,877) |
| Prepaid expenses and other assets | 59,795 | (2,904) | (159,159) |
| Accounts payable | 19,212 | 8,024 | 7,371 |
| Accrued expenses and other liabilities | 171,048 | 74,519 | 79,772 |
| Operating lease liabilities | (40,498) | (42,342) | (38,249) |
| Deferred revenue | 528,029 | 514,301 | 526,221 |
| Net cash provided by operating activities | 848,122 | 545,639 | 110,179 |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (35,086) | (25,128) | (16,221) |
| Capitalized internal-use software development costs | (34,133) | (24,012) | (12,772) |
| Cash paid for business combinations, net of cash, cash equivalents, and restricted cash acquired | (275,706) | (362,609) | — |
| Purchases of intangible assets | (28,744) | (700) | (24,334) |
| Purchases of investments | (2,476,206) | (3,901,321) | (4,250,338) |
| Sales of investments | 11,266 | 58,813 | 440,069 |
| Maturities and redemptions of investments | 3,670,867 | 3,657,072 | 3,842,796 |
| Net cash provided by (used in) investing activities | 832,258 | (597,885) | (20,800) |
| Cash flows from financing activities: | |||
| Proceeds from exercise of stock options | 57,194 | 39,893 | 127,036 |
| Proceeds from issuance of common stock under employee stock purchase plan | 61,234 | 40,931 | 52,227 |
| Taxes paid related to net share settlement of equity awards | (380,799) | (184,648) | — |
| Repurchases of common stock | (591,732) | — | — |
| Capital contributions from noncontrolling interest holders | — | 13,000 | — |
| Fiscal Year Ended January 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Payments of deferred purchase consideration for business combinations | — | (1,800) | (1,065) |
| Net cash provided by (used in) financing activities | (854,103) | (92,624) | 178,198 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (2,031) | (933) | (236) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 824,246 | (145,803) | 267,341 |
| Cash, cash equivalents, and restricted cash—beginning of period | 956,731 | 1,102,534 | 835,193 |
| Cash, cash equivalents, and restricted cash—end of period | $1,780,977 | $956,731 | $1,102,534 |
| Supplemental disclosures of cash flow information: | |||
| Cash paid for income taxes | $12,452 | $6,550 | $1,482 |
| Supplemental disclosures of non-cash investing and financing activities | |||
| Property and equipment included in accounts payable and accrued expenses | $17,463 | $6,317 | $5,115 |
| Stock-based compensation included in capitalized software development costs | $48,181 | $28,467 | $23,620 |
| Issuance of common stock in connection with business combinations | $174,284 | $438,916 | $— |
| Unpaid taxes related to net share settlement of equity awards included in accrued expenses and other current liabilities | $6,850 | $53 | $— |
| Reconciliation of cash, cash equivalents, and restricted cash: | |||
| Cash and cash equivalents | $1,762,749 | $939,902 | $1,085,729 |
| Restricted cash—included in other assets and prepaid expenses and other current assets | 18,228 | 16,829 | 16,805 |
| Total cash, cash equivalents, and restricted cash | $1,780,977 | $956,731 | $1,102,534 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.