AppLovin Corp
For the period ended Dec 31, 2023. Filed Feb 26, 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 26, 2024
APP$395.51-3.5%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
| Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Operating Activities | |||
| Net income (loss) | $356,711 | $(192,947) | $35,338 |
| Adjustments to reconcile net income (loss) to operating activities: | |||
| Amortization, depreciation and write-offs | 489,008 | 547,084 | 431,063 |
| Stock-based compensation | 363,107 | 191,612 | 133,177 |
| Impairment of investments | 27,953 | — | — |
| Change in operating right-of-use asset | 17,842 | 17,107 | 26,313 |
| Amortization of debt issuance costs and discount | 9,363 | 12,678 | 12,825 |
| Impairment and loss in connection with sale of long-lived assets | — | 127,892 | — |
| Other | 6,200 | 1,786 | 7,431 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (261,279) | (174,829) | (201,948) |
| Prepaid expenses and other current assets | (12,280) | (3,725) | (97,324) |
| Other assets | (121,688) | (77,343) | (45,938) |
| Accounts payable | 98,574 | 3,479 | 98,612 |
| Operating lease liabilities | (18,612) | (18,898) | (26,854) |
| Accrued and other liabilities | 92,754 | (6,412) | 3,063 |
| Deferred revenue | 13,857 | (14,711) | (13,907) |
| Net cash provided by operating activities | 1,061,510 | 412,773 | 361,851 |
| Investing Activities | |||
| Acquisitions of businesses and intangible assets | (63,899) | (1,345,776) | (1,210,549) |
| Purchase of investments and other | (17,934) | (66,342) | (15,000) |
| Purchase of property and equipment | (4,246) | (662) | (1,390) |
| Proceeds from sale of assets and other | 8,250 | 41,312 | 12,009 |
| Net cash used in investing activities | (77,829) | (1,371,468) | (1,214,930) |
| Financing Activities | |||
| Repurchases of common stock | (1,153,593) | (338,880) | — |
| Principal repayments of debt | (497,994) | (25,810) | (719,810) |
| Payments of withholding taxes related to net share settlement | (246,435) | (27,535) | — |
| Payments of deferred acquisition costs | (33,903) | (124,184) | (234,068) |
| Payments of licensed asset obligation | (27,110) | (17,374) | (17,970) |
| Principal payments of finance leases | (20,170) | (24,083) | (15,271) |
| Payments of debt issuance cost | (4,655) | — | (14,941) |
| Proceeds from debt issuance | 395,281 | — | 2,344,000 |
| Proceeds from exercise of stock options | 20,932 | 25,487 | 31,156 |
| Proceeds from the issuance of common stock through ESPP | 4,856 | 5,531 | 2,877 |
| Proceeds from issuance of common stock in initial public offering, net of issuance costs as adjusted for cost reimbursement | — | — | 1,745,228 |
| Payments of related party notes | — | — | (11,655) |
| Net cash provided by (used in) financing activities | (1,562,791) | (526,848) | 3,109,546 |
| Effect of foreign exchange rate on cash, cash equivalents and restricted cash equivalents | 778 | (4,477) | (3,198) |
| Net (decrease) increase in cash, cash equivalents and restricted cash equivalents | (578,332) | (1,490,020) | 2,253,269 |
| Cash, cash equivalents and restricted cash equivalents at beginning of the period | 1,080,484 | 2,570,504 | 317,235 |
| Cash, cash equivalents and restricted cash equivalents at end of the period | $502,152 | $1,080,484 | $2,570,504 |
See Accompanying Notes to Consolidated Financial Statements
| Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Supplemental non-cash investing and financing activities disclosures: | |||
| Right-of-use assets acquired under finance leases | $113,440 | $46,108 | $20,497 |
| Right-of-use assets acquired under operating leases | $6,471 | $7,105 | $6,130 |
| Conversion of convertible securities to Class A common stock | $— | $— | $392,170 |
| Issuance of convertible securities related to acquisitions | $— | $— | $342,170 |
| Issuance of common stock and common stock warrants in connection with acquisitions | $— | $137,422 | $— |
| Acquisitions not yet paid | $— | $31,045 | $79,095 |
| Assets acquired not yet paid | $— | $33,566 | $25,640 |
| Proceeds from sale of long-lived assets not yet received | $— | $7,000 | $— |
| Settlement of bonus compensation through issuance of common stock | $— | $— | $2,503 |
| Accretion of interest on related party promissory notes | $— | $— | $595 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid for income taxes, net of refunds | $75,433 | $86,264 | $90,616 |
| Cash paid for interest | $248,828 | $165,959 | $76,695 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.