ZoomInfo Technologies Inc
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
View on SEC.govAbout this filing
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 12, 2024
GTM$3.34-4.8%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
Consolidated Statements of Cash Flows
| ZoomInfo Technologies Inc.Consolidated Statements of Cash Flows(in millions; unaudited) | ||
|---|---|---|
| Nine Months Ended September 30, | ||
| 2024 | 2023 | |
| Operating activities: | ||
| Net income | $14.5 | $112.8 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 63.3 | 60.5 |
| Amortization of debt discounts and issuance costs | 1.7 | 1.8 |
| Amortization of deferred commissions costs | 49.5 | 57.2 |
| Asset impairments and lease abandonment charges | 57.4 | 5.2 |
| Gain on lease modification | (1.5) | — |
| Loss on debt modification and extinguishment | 0.7 | 2.2 |
| Equity-based compensation expense | 104.2 | 126.9 |
| Deferred income taxes | 11.0 | 68.5 |
| Tax receivable agreement remeasurement | 9.9 | (13.8) |
| Provision for bad debt expense | 39.3 | 22.0 |
| Changes in operating assets and liabilities, net of acquisitions: | ||
| Accounts receivable, net | 69.7 | (17.7) |
| Prepaid expenses and other current assets | (21.1) | (4.5) |
| Deferred costs and other assets, net of current portion | (30.4) | (53.0) |
| Income tax receivable | (2.9) | (2.4) |
| Accounts payable | (17.6) | (15.2) |
| Accrued expenses and other liabilities | (64.7) | (27.6) |
| Unearned revenue | (22.6) | (16.8) |
| Net cash provided by operating activities | $260.4 | $306.1 |
| Investing activities: | ||
| Purchases of short-term investments | $— | $(145.0) |
| Maturities of short-term investments | 82.2 | 151.5 |
| Purchases of property and equipment and other assets | (41.5) | (17.6) |
| Right of use asset initial direct costs | (3.4) | — |
| Cash paid for acquisitions, net of cash acquired | (0.5) | — |
| Net cash provided by (used in) investing activities | $36.8 | $(11.1) |
| Financing activities: | ||
| Payments of deferred consideration | $(0.7) | $(0.4) |
| Repayment of debt | (4.5) | (4.5) |
| Payments of debt issuance and modification costs | (2.1) | (2.7) |
| Proceeds from exercise of stock options | — | 0.4 |
| Taxes paid related to net share settlement of equity awards | (18.1) | (17.0) |
| Proceeds from issuance of common stock under the ESPP | 2.8 | 4.6 |
| Tax receivable agreement payments | (31.6) | — |
| Repurchase of common stock | (542.6) | (247.0) |
| Net cash used in financing activities | $(596.8) | $(266.6) |
| ZoomInfo Technologies Inc.Consolidated Statements of Cash Flows(in millions; unaudited) (continued) | ||
|---|---|---|
| Nine Months Ended September 30, | ||
| 2024 | 2023 | |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | $(299.6) | $28.4 |
| Cash, cash equivalents, and restricted cash at beginning of period | 456.2 | 424.1 |
| Cash, cash equivalents, and restricted cash at end of period | $156.6 | $452.5 |
| Cash, cash equivalents, and restricted cash at end of period: | ||
| Cash and cash equivalents | $147.7 | $442.6 |
| Restricted cash, non-current | 8.9 | 9.9 |
| Total cash, cash equivalents, and restricted cash | $156.6 | $452.5 |
| Supplemental disclosures of cash flow information: | ||
| Interest paid in cash | $39.6 | $43.0 |
| Cash paid for taxes | 11.9 | 7.5 |
| Supplemental disclosures of non-cash investing activities: | ||
| Property and equipment included in accounts payable and accrued expenses and other current liabilities | $8.9 | $0.2 |
| Equity-based compensation included in capitalized software | 4.5 | 4.0 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.