MediaAlpha Inc
For the period ended Dec 31, 2024. Filed Feb 24, 2025.
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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.
FY2024 · Filed Feb 24, 2025
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
Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(In thousands)
| Year ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash Flows from operating activities | |||
| Net income (loss) | $22,118 | $(56,555) | $(72,446) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Equity-based compensation expense | 34,083 | 53,321 | 58,472 |
| Non-cash lease expense | 803 | 695 | 753 |
| Depreciation expense on property and equipment | 252 | 353 | 392 |
| Amortization of intangible assets | 6,430 | 6,917 | 5,755 |
| Amortization of deferred debt issuance costs | 755 | 793 | 832 |
| Change in fair value of contingent consideration | — | — | (7,007) |
| Impairment of cost method investment | — | 1,406 | 8,594 |
| Credit losses | 497 | 5 | 136 |
| Deferred taxes | — | — | 102,656 |
| Tax receivables agreement liability related adjustments | 7,006 | 6 | (83,832) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (89,656) | 6,220 | 17,335 |
| Prepaid expenses and other current assets | (244) | 2,287 | 4,507 |
| Other assets | 500 | 500 | 417 |
| Accounts payable | 49,284 | 2,287 | (7,796) |
| Accrued expenses | 14,044 | 1,996 | (494) |
| Net cash provided by operating activities | $45,872 | $20,231 | $28,274 |
| Cash flows from investing activities | |||
| Purchases of property and equipment | (254) | (73) | (98) |
| Cash consideration paid in connection with CHT acquisition | — | — | (49,677) |
| Acquisition of intangible assets | (400) | — | — |
| Net cash (used in) investing activities | $(654) | $(73) | $(49,775) |
| Cash flows from financing activities | |||
| Proceeds received from: | |||
| Revolving line of credit | — | — | 25,000 |
| Payments made for: | |||
| Repayments on revolving line of credit | — | — | (20,000) |
| Repayments on long-term debt | (12,547) | (9,500) | (9,500) |
| Payments pursuant to tax receivables agreement | — | (2,822) | (216) |
| Shares withheld for taxes on vesting of restricted stock units | (6,308) | (3,721) | (4,023) |
| Repurchases of Class A common stock | — | — | (5,008) |
| Contributions from QLH’s members | 854 | 1,464 | 1,360 |
| Distributions | (1,222) | (2,850) | (2,134) |
| Net cash (used in) financing activities | $(19,223) | $(17,429) | $(14,521) |
| Net increase (decrease) in cash and cash equivalents | 25,995 | 2,729 | (36,022) |
| Cash and cash equivalents, beginning of period | 17,271 | 14,542 | 50,564 |
| Cash and cash equivalents, end of period | $43,266 | $17,271 | $14,542 |
| Supplemental disclosures of cash flow information | |||
| Cash paid during the period for: | |||
| Interest | $13,940 | $13,773 | $7,065 |
| Income taxes paid, net of refunds | $228 | $(257) | $(2,383) |
| Non-cash Investing and Financing Activities: | |||
| Establishment of liabilities under the tax receivables agreement in connection with the Reorganization Transactions | $— | $— | $(1,619) |
| Establishment of tax indemnification receivable in connection with the Reorganization Transactions | $(52) | $644 | $(58) |
| Right-of-use assets obtained in exchange of lease obligations | $465 | $133 | $— |
| Fair value of contingent consideration in connection with CHT acquisition | $— | $— | $7,007 |
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