Unity Software Inc

For the period ended Dec 31, 2023. Filed Feb 29, 2024.

About this filing

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.

FY2023 · Filed Feb 29, 2024

U$50.34-2.1%Stored close · as of Nov 10, 2026

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Contents

Item 8. Consolidated Statements of Cash Flows

Table of Contents	Unity Software Inc.

UNITY SOFTWARE INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
	Year Ended December 31,
	2023	2022	2021
Operating activities
Net loss	$(826,322)	$(919,488)	$(532,607)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	563,916	211,576	64,567
Stock-based compensation expense	648,696	550,065	347,159
Other	24,613	21,418	13,843
Changes in assets and liabilities, net of effects of acquisitions:
Accounts receivable, net	21,791	(9,548)	(65,151)
Prepaid expenses and other	20,314	(21,719)	(22,014)
Other assets	45,047	40,096	5,157
Accounts payable	(6,313)	(17,574)	2,022
Accrued expenses and other	(21,069)	(1,041)	31,767
Publisher payables	(60,509)	(50,242)	55,368
Other long-term liabilities	(47,245)	(29,790)	(27,313)
Deferred revenue	(128,219)	166,816	15,753
Net cash provided by (used in) operating activities	234,700	(59,431)	(111,449)
Investing activities
Purchases of short-term investments	(212)	(150,911)	(519,698)
Proceeds from sales of short-term investments	—	436,293	—
Proceeds from principal repayments and maturities of short-term investments	102,673	387,453	308,957
Purchases of non-marketable investments	(2,500)	(15,000)	(4,600)
Sales of non-marketable investments	—	1,000	—
Purchases of property and equipment	(55,921)	(57,138)	(41,938)
Business acquisitions, net of cash acquired	—	121,531	(1,580,081)
Net cash provided by (used in) investing activities	44,040	723,228	(1,837,360)
Financing activities
Proceeds from issuance of convertible notes	—	1,000,000	1,725,000
Purchase of capped calls	—	—	(48,127)
Payment of debt issuance costs	—	(379)	(22,575)
Capital contribution from noncontrolling interest holders	—	210,252	—
Repurchase and retirement of common stock	(250,000)	(1,500,000)	—
Proceeds from issuance of common stock from employee equity plans	75,985	63,493	66,704
Net cash provided by (used in) financing activities	(174,015)	(226,634)	1,721,002
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash	(6,146)	1,926	459
Increase (decrease) in cash, cash equivalents, and restricted cash	98,579	439,089	(227,348)
Cash, cash equivalents, and restricted cash, beginning of period	1,505,688	1,066,599	1,293,947
Cash, cash equivalents, and restricted cash, end of period	$1,604,267	$1,505,688	$1,066,599

Table of Contents	Unity Software Inc.

UNITY SOFTWARE INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS—CONTINUED
(In thousands)
	Year Ended December 31,
	2023	2022	2021
Supplemental disclosure of cash flow information:
Cash paid for interest	$20,389	$—	$110
Cash paid for income taxes, net of refunds	$22,471	$25,206	$5,651
Cash paid for operating leases	$42,905	$28,463	$29,811
Supplemental disclosures of non‑cash investing and financing activities:
Fair value of common stock issued as consideration for business and asset acquisitions	$—	$2,932,296	$526,081
Assets acquired under operating lease	$43,831	$20,699	$18,507

ContentsView on SEC.gov

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