Tenable Holdings Inc
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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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.
FY2023 · Filed Feb 28, 2024
TENB$41.96-3.9%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| (in thousands) | 2023 | 2022 | 2021 |
| Cash flows from operating activities: | |||
| Net loss | $(78,284) | $(92,222) | $(46,677) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Deferred income taxes | 265 | (2,781) | (10,468) |
| Depreciation and amortization | 27,108 | 22,194 | 16,170 |
| Stock-based compensation | 145,327 | 120,633 | 79,405 |
| Net accretion of discounts and amortization of premiums on short-term investments | (8,323) | (1,199) | 581 |
| Impairment of other investments | 5,617 | — | — |
| Amortization of debt issuance costs | 1,267 | 1,299 | 903 |
| Other | 1,914 | 5,404 | 2,431 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (30,042) | (51,256) | (17,228) |
| Prepaid expenses and other assets | 1,689 | (2,929) | (46,207) |
| Accounts payable, accrued expenses and accrued compensation | 7,071 | 409 | 24,330 |
| Deferred revenue | 81,755 | 132,622 | 92,486 |
| Other current and noncurrent liabilities | (5,509) | (1,023) | 1,039 |
| Net cash provided by operating activities | 149,855 | 131,151 | 96,765 |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (1,704) | (9,359) | (3,887) |
| Capitalized software development costs | (7,052) | (9,789) | (2,674) |
| Purchases of short-term investments | (278,209) | (266,693) | (282,438) |
| Sales and maturities of short-term investments | 317,651 | 234,569 | 160,874 |
| Purchases of other investments | — | (10,000) | (5,000) |
| Business combinations, net of cash acquired | (243,301) | (66,767) | (258,465) |
| Net cash used in investing activities | (212,615) | (128,039) | (391,590) |
| Cash flows from financing activities: | |||
| Payments on term loan | (3,750) | (3,750) | — |
| Proceeds from term loan | — | — | 375,000 |
| Credit facility issuance costs | — | — | (9,348) |
| Proceeds from stock issued in connection with the employee stock purchase plan | 16,224 | 14,791 | 13,736 |
| Proceeds from the exercise of stock options | 3,501 | 11,721 | 18,268 |
| Purchase of treasury stock | (14,934) | — | — |
| Other financing activities | 210 | 556 | (10) |
| Net cash provided by financing activities | 1,251 | 23,318 | 397,646 |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | (2,225) | (3,835) | (3,013) |
| Net (decrease) increase in cash and cash equivalents and restricted cash | (63,734) | 22,595 | 99,808 |
| Cash and cash equivalents and restricted cash at beginning of year | 300,866 | 278,271 | 178,463 |
| Cash and cash equivalents and restricted cash at end of year | $237,132 | $300,866 | $278,271 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid for interest | $34,323 | $16,047 | $4,978 |
| Cash paid for income taxes, net of refunds | 8,981 | 10,582 | 6,481 |
| Supplemental cash flow information related to leases: | |||
| Cash payments for operating leases | $8,914 | $6,113 | $7,657 |
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