People Inc
For the period ended Mar 31, 2025. Filed May 5, 2025.
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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.
Mar 31, 2025 · Filed May 5, 2025
PPLI$43.38+3.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statement of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| (In thousands) | ||
| Cash flows from operating activities attributable to continuing operations: | ||
| Net (loss) earnings | $(214,568) | $44,972 |
| Less: Net earnings (loss) from discontinued operations | 15,313 | (4,472) |
| Net (loss) earnings from continuing operations | (229,881) | 49,444 |
| Adjustments to reconcile net (loss) earnings to net cash provided by operating activities attributable to continuing operations: | ||
| Unrealized loss (gain) on investment in MGM Resorts International | 324,265 | (163,751) |
| Amortization of intangibles | 23,533 | 36,728 |
| Depreciation | 11,946 | 12,724 |
| Non-cash lease expense (including right-of-use asset impairments) | 9,004 | 10,356 |
| Net loss (gain) on sales of investments and businesses (including unrealized losses on investments) | 7,538 | (25,941) |
| Deferred income taxes | (80,616) | 39,843 |
| Net gain on lease terminations | (36,038) | — |
| Stock-based compensation expense | (20,400) | 19,510 |
| Unrealized decrease in the estimated fair value of a warrant | — | 10,231 |
| Other adjustments, net | 1,469 | (162) |
| Changes in assets and liabilities, net of effects of dispositions: | ||
| Accounts receivable | 79,026 | 81,845 |
| Other assets | (32,424) | 31,173 |
| Operating lease liabilities | (34,324) | (13,165) |
| Accounts payable and other liabilities | (48,153) | (72,131) |
| Income taxes payable and receivable | 2,510 | 5,848 |
| Deferred revenue | 22,608 | 17,677 |
| Net cash provided by operating activities attributable to continuing operations | 63 | 40,229 |
| Cash flows from investing activities attributable to continuing operations: | ||
| Capital expenditures | (4,656) | (2,914) |
| Distribution of Angi Inc.'s cash in the spin-off | (386,563) | — |
| Net proceeds from the sales of investments and businesses | 10,096 | 159,678 |
| Net proceeds from sales of fixed assets | 134 | 12,654 |
| Proceeds from the sale of a portion of the retirement investment fund | 5,248 | — |
| Proceeds from maturities of marketable debt securities | — | 137,500 |
| Purchases of marketable debt securities | — | (123,104) |
| Other, net | — | 1,199 |
| Net cash (used in) provided by investing activities attributable to continuing operations | (375,741) | 185,013 |
| Cash flows from financing activities attributable to continuing operations: | ||
| Principal payments on DDM Term Loans | (8,750) | (7,500) |
| Withholding taxes paid on behalf of employees on net settled stock-based awards | (45,201) | (8,248) |
| Purchases of treasury stock | (179,394) | — |
| Other, net | (655) | (152) |
| Net cash used in financing activities attributable to continuing operations | (234,000) | (15,900) |
| Total cash (used in) provided by continuing operations | (609,678) | 209,342 |
| Net cash (used in) provided by operating activities attributable to discontinued operations | (2,758) | 23,825 |
| Net cash used in investing activities attributable to discontinued operations | (12,499) | (12,792) |
| Net cash used in financing activities attributable to discontinued operations | (14,343) | (10,074) |
| Total cash (used in) provided by discontinued operations | (29,600) | 959 |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | 362 | (741) |
| Net (decrease) increase in cash and cash equivalents and restricted cash | (638,916) | 209,560 |
| Cash and cash equivalents and restricted cash at beginning of period | 1,807,255 | 1,306,241 |
| Cash and cash equivalents and restricted cash at end of period | $1,168,339 | $1,515,801 |
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