BILL Holdings Inc
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 8, 2024
BILL$53.74-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Three Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $8,912 | $(27,861) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Stock-based compensation | 54,657 | 65,147 |
| Amortization of intangible assets | 16,938 | 20,221 |
| Depreciation of property and equipment | 3,169 | 3,718 |
| Amortization of capitalized internal-use software costs | 3,944 | 1,352 |
| Amortization of debt issuance costs | 895 | 1,761 |
| Accretion of discount on investments in marketable debt securities | (12,241) | (13,093) |
| Accretion of discount on loans held for investment | (4,631) | (705) |
| Provision for expected credit losses on acquired card receivables and other financial assets | 20,661 | 12,401 |
| Non-cash operating lease expense | 2,045 | 2,388 |
| Other | 172 | 101 |
| Changes in assets and liabilities: | ||
| Accounts receivable | (4,028) | 3,707 |
| Prepaid expenses and other current assets | (1,143) | (4,704) |
| Other assets | 6,910 | (1,074) |
| Accounts payable | 3,804 | (2,508) |
| Other accruals and current liabilities | (9,791) | (2,286) |
| Operating lease liabilities | (2,348) | (2,423) |
| Other long-term liabilities | — | (32) |
| Deferred revenue | 657 | (2,449) |
| Net cash provided by operating activities | 88,582 | 53,661 |
| Cash flows from investing activities: | ||
| Purchases of corporate and customer fund short-term investments | (637,992) | (399,588) |
| Proceeds from maturities and sales of corporate and customer fund short-term investments | 563,677 | 757,169 |
| Purchases of loans held for investment | (181,686) | (32,756) |
| Principal repayments of loans held for investment | 171,987 | 25,330 |
| Acquired card receivables, net | (47,968) | (42,333) |
| Capitalization of internal-use software costs | (7,039) | (5,645) |
| Other | (517) | (403) |
| Net cash provided by (used in) investing activities | (139,538) | 301,774 |
| Three Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from financing activities: | ||
| Customer fund deposits liability and other | 78,512 | (91,190) |
| Prepaid card deposits | 11,322 | (13,979) |
| Repurchase of common stock | (200,002) | (12,061) |
| Proceeds from exercise of stock options | 1,017 | 2,946 |
| Tax withholdings related to net share settlements of equity awards | (1,304) | — |
| Proceeds from issuance of common stock under the employee stock purchase plan | 5,302 | 7,846 |
| Contingent consideration payout | — | (5,471) |
| Net cash used in financing activities | (105,153) | (111,909) |
| Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents | (127) | (180) |
| Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents | (156,236) | 243,346 |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of period | 3,351,399 | 4,224,840 |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of period | $3,195,163 | $4,468,186 |
| Reconciliation of cash, cash equivalents, restricted cash, and restricted cash equivalents within the condensed consolidated balance sheets to the amounts shown in the condensed consolidated statements of cash flows above: | ||
| Cash and cash equivalents | $853,470 | $1,527,182 |
| Restricted cash included in other current assets | 148,660 | 98,313 |
| Restricted cash included in other assets | 5,297 | 7,088 |
| Restricted cash and restricted cash equivalents included in funds held for customers | 2,187,736 | 2,835,603 |
| Total cash, cash equivalents, restricted cash, and restricted cash equivalents, end of period | $3,195,163 | $4,468,186 |
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