Elastic NV

For the period ended Apr 30, 2024. Filed Jun 14, 2024.

About 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 Jun 14, 2024

ESTC$87.25-3.3%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 exhibits

Contents

Item 8. Consolidated Statements of Cash Flows

Consolidated Statements of Cash Flows

(in thousands)

	Year Ended April 30,
	2024	2023	2022
Cash flows from operating activities
Net income (loss)	$61,720	$(236,161)	$(203,848)
Adjustments to reconcile net income (loss) to cash provided by operating activities:
Depreciation and amortization	17,999	20,233	19,728
Amortization of premium and accretion of discount on marketable securities, net	(8,808)	(772)	—
Amortization of deferred contract acquisition costs	78,549	68,900	60,738
Amortization of debt issuance costs	1,069	1,023	803
Non-cash operating lease cost	11,010	10,880	8,636
Asset impairment charges	—	6,242	—
Stock-based compensation expense	239,137	204,039	140,612
Deferred income taxes	(217,195)	(2,007)	(2,430)
Foreign currency transaction loss (gain)	1,930	(1,386)	1,984
Other	(34)	44	98
Changes in operating assets and liabilities, net of impact of business acquisitions:
Accounts receivable, net	(63,519)	(46,353)	(62,187)
Deferred contract acquisition costs	(119,834)	(102,017)	(96,755)
Prepaid expenses and other current assets	(2,875)	1,323	(3,427)
Other assets	1,906	8,525	825
Accounts payable	(9,998)	6,304	21,036
Accrued expenses and other liabilities	18,144	4,310	27,192
Accrued compensation and benefits	17,357	8,324	17,775
Operating lease liabilities	(12,391)	(11,405)	(8,888)
Deferred revenue	134,595	95,616	83,780
Net cash provided by operating activities	148,762	35,662	5,672
Cash flows from investing activities
Purchases of property and equipment	(3,450)	(2,684)	(2,485)
Business acquisitions, net of cash acquired	(19,100)	—	(119,854)
Purchases of marketable securities	(536,833)	(270,268)	—
Maturities and redemptions of marketable securities	271,423	—	—
Capitalization of internal-use software	—	—	(4,932)
Net cash used in investing activities	(287,960)	(272,952)	(127,271)
Cash flows from financing activities
Proceeds from the issuance of debt	—	—	575,000
Proceeds from issuance of ordinary shares under employee stock purchase plan	19,135	—	—
Proceeds from issuance of ordinary shares upon exercise of stock options	20,919	17,471	36,410
Payments of debt issuance costs	—	—	(9,283)
Net cash provided by financing activities	40,054	17,471	602,127
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(4,407)	2,822	(20,599)
Net (decrease) increase in cash, cash equivalents, and restricted cash	(103,551)	(216,997)	459,929
Cash, cash equivalents, and restricted cash, beginning of period	646,640	863,637	403,708
Cash, cash equivalents, and restricted cash, end of period	$543,089	$646,640	$863,637
Supplemental disclosures of cash flow information
Cash paid for interest	$25,063	$24,136	$12,995
Cash paid for income taxes, net	$24,219	$11,581	$3,979
Cash paid for operating lease liabilities	$14,000	$13,136	$10,101
Supplemental disclosures of non-cash investing and financing information
Changes in property and equipment included in accounts payable	$398	$121	$150
Operating lease right-of-use assets for new lease obligations	$11,539	$10,902	$8,992
Acquisition-related indemnity holdback	$3,000	$—	$6,000

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.