MediaAlpha Inc
For the period ended Sep 30, 2024. Filed Nov 4, 2024.
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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.
Sep 30, 2024 · Filed Nov 4, 2024
MAX$14.37+1.5%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
(Unaudited; in thousands)
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net income (loss) | $14,817 | $(53,262) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Equity-based compensation expense | 26,452 | 43,943 |
| Non-cash lease expense | 596 | 508 |
| Depreciation expense on property and equipment | 191 | 275 |
| Amortization of intangible assets | 4,827 | 5,188 |
| Amortization of deferred debt issuance costs | 569 | 597 |
| Impairment of cost method investment | — | 1,406 |
| Credit losses | 519 | (220) |
| Tax receivable agreement liability adjustments | — | 6 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (73,560) | 27,167 |
| Prepaid expenses and other current assets | 547 | 3,059 |
| Other assets | 375 | 375 |
| Accounts payable | 53,298 | (15,243) |
| Accrued expenses | 2,712 | 1,138 |
| Net cash provided by operating activities | $31,343 | $14,937 |
| Cash flows from investing activities | ||
| Purchases of property and equipment | (207) | (60) |
| Acquisition of intangible assets | (400) | — |
| Net cash (used in) investing activities | $(607) | $(60) |
| Cash flows from financing activities | ||
| Payments made for / proceeds received from: | ||
| Repayments on long-term debt | (10,172) | (7,125) |
| Contributions from QLH’s members | 756 | 196 |
| Distributions | (1,111) | (1,572) |
| Payments pursuant to tax receivable agreement | — | (2,822) |
| Shares withheld for taxes on vesting of restricted stock units | (5,176) | (2,900) |
| Net cash (used in) financing activities | $(15,703) | $(14,223) |
| Net increase in cash and cash equivalents | 15,033 | 654 |
| Cash and cash equivalents, beginning of period | 17,271 | 14,542 |
| Cash and cash equivalents, end of period | $32,304 | $15,196 |
| Supplemental disclosures of cash flow information | ||
| Cash paid during the period for: | ||
| Interest | $10,670 | $10,081 |
| Income taxes paid, net of refunds | $104 | $(233) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.