ZoomInfo Technologies Inc
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
GTM$3.34-4.8%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
| ZoomInfo Technologies Inc. | |||
|---|---|---|---|
| Consolidated Statements of Cash Flows | |||
| (in millions) | |||
| Year Ended December 31, | |||
| 2024 | 2023 | 2022 | |
| Operating activities: | |||
| Net income | $29.1 | $107.3 | $63.2 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 85.7 | 80.6 | 87.8 |
| Amortization of debt discounts and issuance costs | 2.2 | 2.4 | 3.0 |
| Amortization of deferred commissions costs | 67.6 | 75.3 | 65.9 |
| Asset impairments and lease abandonment charges | 57.4 | 5.2 | — |
| Gain on lease modification | (1.7) | — | — |
| Loss on debt modification and extinguishment | 0.7 | 4.3 | — |
| Deferred consideration valuation adjustments | — | — | 0.2 |
| Equity-based compensation expense | 138.0 | 167.6 | 192.3 |
| Deferred income taxes | (5.9) | 276.7 | 123.3 |
| Tax receivable agreement remeasurement | 38.5 | (160.7) | (65.6) |
| Provision for bad debt expense | 42.8 | 33.8 | 5.7 |
| Changes in operating assets and liabilities, net of acquisitions: | |||
| Accounts receivable, net | (16.9) | (82.8) | (39.3) |
| Prepaid expenses and other current assets | (4.4) | (8.0) | (8.0) |
| Deferred costs and other assets, net of current portion | (35.5) | (78.2) | (81.9) |
| Income tax receivable | (3.2) | 2.4 | (0.7) |
| Accounts payable | (17.7) | (1.8) | 19.5 |
| Accrued expenses and other liabilities | (43.4) | (11.2) | 2.8 |
| Unearned revenue | 36.1 | 22.0 | 48.8 |
| Net cash provided by operating activities | $369.4 | $434.9 | $417.0 |
| Investing activities: | |||
| Purchases of short-term investments | $— | $(145.0) | $(139.3) |
| Maturities of short-term investments | 82.2 | 194.5 | 30.8 |
| Proceeds from sales of short-term investments | — | 1.4 | — |
| Purchases of property and equipment and other assets | (64.9) | (26.5) | (28.9) |
| Right of use asset initial direct costs | (3.4) | — | — |
| Cash paid for acquisitions, net of cash acquired | (0.5) | — | (143.7) |
| Net cash provided by (used in) investing activities | $13.4 | $24.4 | $(281.1) |
| Financing activities: | |||
| Payments of deferred consideration | $(0.7) | $(0.4) | $(1.1) |
| Payments of debt issuance and modification costs | (2.1) | (3.8) | (0.4) |
| Repayment of debt | (5.9) | (6.0) | — |
| Proceeds from exercise of stock options | — | 0.4 | 1.3 |
| Taxes paid related to net share settlement of equity awards | (22.8) | (24.5) | (17.4) |
| Proceeds from issuance of common stock under the ESPP | 4.2 | 7.2 | 4.2 |
| Payments of equity issuance costs | — | — | (0.3) |
| Tax receivable agreement payments | (94.0) | — | (12.2) |
| Repurchase of common stock | (565.6) | (400.1) | — |
| Tax distributions | (3.1) | — | — |
| Net cash used in financing activities | $(690.0) | $(427.2) | $(25.9) |
| ZoomInfo Technologies Inc. | |||
|---|---|---|---|
| Consolidated Statements of Cash Flows | |||
| (in millions) | |||
| Year Ended December 31, | |||
| 2024 | 2023 | 2022 | |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | $(307.2) | $32.1 | $110.0 |
| Cash, cash equivalents, and restricted cash at beginning of year | 456.2 | 424.1 | 314.1 |
| Cash, cash equivalents, and restricted cash at end of year | $149.0 | $456.2 | $424.1 |
| Cash, cash equivalents, and restricted cash at end of period: | |||
| Cash and cash equivalents | $139.9 | $447.1 | $418.0 |
| Restricted cash, current | — | 0.2 | — |
| Restricted cash, non-current | 9.1 | 8.9 | 6.1 |
| Total cash, cash equivalents, and restricted cash | $149.0 | $456.2 | $424.1 |
| Supplemental disclosures of cash flow information: | |||
| Interest paid in cash | $44.0 | $48.5 | $50.0 |
| Cash paid for taxes | 13.8 | 12.2 | 11.6 |
| Supplemental disclosures of non-cash investing and financing activities: | |||
| Equity-based compensation included in capitalized software | $5.6 | $5.4 | $— |
| Property and equipment included in accounts payable and accrued expenses and other current liabilities | 5.0 | 1.8 | 0.9 |
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