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MediaAlpha Inc

For the period ended Dec 31, 2023. Filed Feb 22, 2024.

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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 22, 2024

MAX$14.37+1.5%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 8. Consolidated Statements of Cash Flows

(In thousands)

Year ended December 31,
202320222021
Cash Flows from operating activities
Net (loss)$(56,555)$(72,446)$(8,475)
Adjustments to reconcile net (loss) to net cash provided by operating activities:
Equity-based compensation expense53,32158,47245,713
Non-cash lease expense695753594
Depreciation expense on property and equipment353392369
Amortization of intangible assets6,9175,7552,984
Amortization of deferred debt issuance costs7938321,182
Change in fair value of contingent consideration—(7,007)—
Impairment of cost method investment1,4068,594—
Credit losses5136143
Deferred taxes—102,656919
Tax receivables agreement liability related adjustments6(83,832)911
Changes in operating assets and liabilities:
Accounts receivable6,22017,33520,058
Prepaid expenses and other current assets2,2874,507(2,703)
Other assets500417500
Accounts payable2,287(7,796)(36,476)
Accrued expenses1,996(494)2,902
Net cash provided by operating activities$20,231$28,274$28,621
Cash flows from investing activities
Purchases of property and equipment(73)(98)(650)
Cash consideration paid in connection with CHT acquisition—(49,677)—
Net cash (used in) investing activities$(73)$(49,775)$(650)
Cash flows from financing activities
Proceeds received from:
Issuance of long-term debt——190,000
Revolving line of credit—25,000—
Payments made for:
Repayments on revolving line of credit—(20,000)—
Repayments on long-term debt(9,500)(9,500)(186,375)
Debt issuance costs——(866)
Payments pursuant to tax receivable agreement(2,822)(216)—
Shares withheld for taxes on vesting of restricted stock units(3,721)(4,023)(3,382)
Repurchases of Class A common stock—(5,008)—
Contributions from QLH’s members1,4641,360—
Distributions(2,850)(2,134)(338)
Net cash (used in) financing activities$(17,429)$(14,521)$(961)
Net increase (decrease) in cash and cash equivalents2,729(36,022)27,010
Cash and cash equivalents, beginning of period14,54250,56423,554
Cash and cash equivalents, end of period$17,271$14,542$50,564
Supplemental disclosures of cash flow information
Cash paid during the period for:
Interest$13,773$7,065$5,600
Income Taxes$(257)$(2,383)$307
Non-cash Investing and Financing Activities:
Establishment of liabilities under the tax receivables agreement in connection with the Reorganization Transactions$—$(1,619)$(61,834)
Establishment of tax indemnification receivable in connection with the Reorganization Transactions$644$(58)$1,196
Establishment of deferred tax assets in connection with the Reorganization Transactions$—$—$(68,185)
Right-of-use assets obtained in exchange of lease obligations$133$—$4,108
Fair value of contingent consideration in connection with CHT acquisition$—$7,007$—
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.