Trade Desk Inc
For the period ended Dec 31, 2024. Filed Feb 21, 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 Feb 21, 2025
TTD$15.42+3.3%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 | 2022 | |
| OPERATING ACTIVITIES: | |||
| Net income | $393,076 | $178,940 | $53,385 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 87,490 | 80,418 | 54,425 |
| Stock-based compensation | 494,699 | 491,621 | 498,642 |
| Deferred income taxes | (76,903) | (61,597) | (11,507) |
| Noncash lease expense | 57,403 | 48,955 | 44,115 |
| Provision for expected credit losses on accounts receivable | 853 | 2,960 | 3,203 |
| Other | (7,881) | (20,379) | 622 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (474,227) | (554,012) | (291,747) |
| Prepaid expenses and other current and non-current assets | (38,783) | (26,815) | 50,655 |
| Accounts payable | 298,919 | 475,463 | 187,119 |
| Accrued expenses and other current and non-current liabilities | 46,564 | 35,681 | 8,168 |
| Operating lease liabilities | (41,754) | (52,913) | (48,346) |
| Net cash provided by operating activities | 739,456 | 598,322 | 548,734 |
| INVESTING ACTIVITIES: | |||
| Purchases of investments | (679,539) | (608,379) | (553,295) |
| Sales of investments | — | — | 1,977 |
| Maturities of investments | 629,088 | 555,806 | 338,829 |
| Purchases of property and equipment | (98,238) | (46,790) | (84,160) |
| Capitalized software development costs | (8,824) | (8,230) | (7,725) |
| Net cash used in investing activities | (157,513) | (107,593) | (304,374) |
| FINANCING ACTIVITIES: | |||
| Repurchases of Class A common stock | (234,784) | (646,597) | — |
| Proceeds from exercise of stock options | 216,281 | 60,525 | 47,525 |
| Proceeds from employee stock purchase plan | 49,989 | 38,482 | 33,062 |
| Taxes paid related to net settlement of restricted stock awards | (139,095) | (78,516) | (48,595) |
| Net cash provided by (used in) financing activities | (107,609) | (626,106) | 31,992 |
| Increase (decrease) in cash and cash equivalents | 474,334 | (135,377) | 276,352 |
| Cash and cash equivalents—Beginning of year | 895,129 | 1,030,506 | 754,154 |
| Cash and cash equivalents—End of year | $1,369,463 | $895,129 | $1,030,506 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | |||
| Cash paid for income taxes | $158,579 | $151,899 | $4,211 |
| Cash paid for interest | $986 | $967 | $995 |
| Cash paid for operating lease liabilities | $68,378 | $63,256 | $57,862 |
| Operating lease assets obtained in exchange for operating lease liabilities | $132,050 | $27,237 | $29,881 |
| Capitalized assets financed by accounts payable | $20,508 | $4,684 | $2,166 |
| Tenant improvements paid by lessor | $6,869 | $— | $1,453 |
| Stock-based compensation included in capitalized software development costs | $5,623 | $5,328 | $4,014 |
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