AppLovin Corp
For the period ended Dec 31, 2024. Filed Feb 27, 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 27, 2025
APP$395.51-3.5%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
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Operating Activities | |||
| Net income (loss) | $1,579,776 | $356,711 | $(192,947) |
| Adjustments to reconcile net income (loss) to operating activities: | |||
| Amortization, depreciation and write-offs | 448,680 | 489,008 | 547,084 |
| Stock-based compensation, excluding cash-settled awards | 369,367 | 363,107 | 191,612 |
| Impairment of investments | — | 27,953 | — |
| Loss on settlement of debt | 28,375 | 4,337 | — |
| Change in operating right-of-use assets | 12,689 | 17,842 | 17,107 |
| Amortization of debt issuance costs and discount | 5,460 | 9,363 | 12,678 |
| Loss on disposal of long-lived assets | 1,646 | — | 127,892 |
| Other | 2,557 | 1,863 | 1,786 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (467,028) | (261,279) | (174,829) |
| Prepaid expenses and other current assets | 4,056 | (12,280) | (3,725) |
| Other assets | (189,387) | (121,688) | (77,343) |
| Accounts payable | 189,585 | 98,574 | 3,479 |
| Operating lease liabilities | (14,106) | (18,612) | (18,898) |
| Accrued and other liabilities | 133,974 | 92,754 | (6,412) |
| Deferred revenue | (6,633) | 13,857 | (14,711) |
| Net cash provided by operating activities | 2,099,011 | 1,061,510 | 412,773 |
| Investing Activities | |||
| Purchase of non-marketable equity securities | (76,983) | (17,934) | (66,342) |
| Acquisitions of businesses and intangible assets | (25,553) | (63,899) | (1,345,776) |
| Purchase of property and equipment | (4,776) | (4,246) | (662) |
| Proceeds from sale of assets and other | 558 | 8,250 | 41,312 |
| Net cash used in investing activities | (106,754) | (77,829) | (1,371,468) |
| Financing Activities | |||
| Principal repayments of debt | (4,225,223) | (497,994) | (25,810) |
| Payments of withholding taxes related to net share settlement | (1,143,525) | (246,435) | (27,535) |
| Repurchases of common stock | (981,297) | (1,153,593) | (338,880) |
| Payments of deferred acquisition costs | — | (33,903) | (124,184) |
| Payments of licensed asset obligation | — | (27,110) | (17,374) |
| Payments of debt issuance cost | (35,563) | (4,655) | — |
| Principal payments of finance leases | (20,875) | (20,170) | (24,083) |
| Proceeds from issuance of debt | 4,614,841 | 395,281 | — |
| Proceeds from issuance of common stock upon exercise of stock options and purchase of ESPP shares | 41,798 | 25,788 | 31,018 |
| Net cash used in financing activities | (1,749,844) | (1,562,791) | (526,848) |
| Effect of foreign exchange rate on cash, cash equivalents, and restricted cash equivalents | (3,154) | 778 | (4,477) |
| Net (decrease) increase in cash, cash equivalents, and restricted cash equivalents | 239,259 | (578,332) | (1,490,020) |
| Cash, cash equivalents, and restricted cash equivalents at beginning of the period | 502,152 | 1,080,484 | 2,570,504 |
| Cash and cash equivalents at end of the period | $741,411 | $502,152 | $1,080,484 |
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Supplemental non-cash investing and financing activities disclosures: | |||
| Right-of-use assets acquired under finance leases | $20,874 | $113,440 | $46,108 |
| Right-of-use assets acquired under operating leases | $5,451 | $6,471 | $7,105 |
| Accrued withholding taxes related to net share settlement of restricted stock units | $8,606 | $— | $— |
| Issuance of common stock and common stock warrants in connection with acquisitions | $— | $— | $137,422 |
| Acquisitions not yet paid | $— | $— | $31,045 |
| Assets acquired not yet paid | $510 | $— | $33,566 |
| Proceeds from sale of long-lived assets not yet received | $— | $— | $7,000 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid for income taxes, net of refunds | $67,332 | $75,433 | $86,264 |
| Cash paid for interest | $270,615 | $248,828 | $165,959 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.