Coursera Inc
For the period ended Sep 30, 2024. Filed Nov 6, 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.
Sep 30, 2024 · Filed Nov 6, 2024
COUR$3.76+0.3%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
Condensed Consolidated Statements of Cash Flows (Unaudited)
Table of Contents
Condensed Consolidated Statements of Cash Flows
(In thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(57,919) | $(96,197) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 18,732 | 16,502 |
| Stock-based compensation expense | 83,140 | 81,903 |
| Accretion of marketable securities | (235) | (12,301) |
| Impairment of long-lived assets | 817 | 2,844 |
| Other | 418 | 693 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | 19,319 | (9,032) |
| Prepaid expenses and other assets | (2,802) | (17,008) |
| Operating lease right-of-use assets | 3,996 | 3,631 |
| Accounts payable and accrued expenses | (3,767) | 32,568 |
| Accrued compensation and other liabilities | 6,080 | (2,003) |
| Operating lease liabilities | (5,906) | (5,980) |
| Deferred revenue | 14,273 | 22,451 |
| Net cash provided by operating activities | 76,146 | 18,071 |
| Cash flows from investing activities: | ||
| Purchases of marketable securities | — | (121,756) |
| Proceeds from maturities of marketable securities | 66,000 | 380,000 |
| Purchases of property, equipment, and software | (504) | (1,026) |
| Capitalized internal-use software costs | (13,579) | (11,463) |
| Purchase of minority interest | — | (1,701) |
| Purchases of content assets | (10,182) | (3,377) |
| Net cash provided by investing activities | 41,735 | 240,677 |
| Cash flows from financing activities: | ||
| Proceeds from exercise of stock options | 6,852 | 20,901 |
| Proceeds from employee stock purchase plan | 3,816 | 3,530 |
| Payments for repurchases of common stock | (36,705) | (58,453) |
| Payments for tax withholding on vesting of restricted stock units | (28,259) | (38,682) |
| Net cash used in financing activities | (54,296) | (72,704) |
| Net increase in cash, cash equivalents, and restricted cash | 63,585 | 186,044 |
| Cash, cash equivalents, and restricted cash—Beginning of period | 658,086 | 322,878 |
| Cash, cash equivalents, and restricted cash—End of period | $721,671 | $508,922 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for income taxes, net of refunds | $3,478 | $3,809 |
| Supplemental disclosure of noncash investing and financing activities: | ||
| Stock-based compensation capitalized as internal-use software costs | $6,222 | $5,324 |
| Unpaid purchases of content assets | $3,585 | $1,361 |
| Right-of-use asset obtained in exchange for operating lease liability | $3,038 | $— |
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