PLAYSTUDIOS Inc
For the period ended Dec 31, 2023. Filed Mar 12, 2024.
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FY2023 · Filed Mar 12, 2024
MYPS$4.66-1.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash flows from operating activities: | |||
| Net (loss) income | $(19,393) | $(17,783) | $10,737 |
| Adjustments: | |||
| Depreciation and amortization | 45,259 | 35,562 | 27,398 |
| Amortization of loan costs | 151 | 145 | 368 |
| Stock-based compensation expense | 18,722 | 17,727 | 4,455 |
| Change in fair value of warrant liabilities | (2,596) | (1,047) | (13,933) |
| Change in fair value of contingent consideration | (950) | (2,411) | — |
| Asset impairments and write-downs | 2,219 | 8,353 | — |
| Deferred income tax expense (benefit) | 12,217 | (7,791) | (2,286) |
| Other | 570 | 490 | 1,545 |
| Changes in operating assets and liabilities | |||
| Receivables | (4,930) | (1,486) | (3,985) |
| Prepaid expenses and other current assets | (1,461) | 204 | 90 |
| Income tax receivable | (744) | 246 | 4,842 |
| Accounts payable & accrued liabilities | 1,427 | 1,967 | 3,877 |
| Other | 1,233 | (792) | 768 |
| Net cash provided by operating activities | 51,724 | 33,384 | 33,876 |
| Cash flows from investing activities: | |||
| Acquisition of subsidiary, net of cash | — | (70,365) | — |
| Purchase of property and equipment | (6,335) | (11,979) | (2,010) |
| Additions to internal-use software | (21,742) | (21,401) | (25,890) |
| Purchase of intangible assets | (4,393) | — | (13,000) |
| Additions to notes receivable and other investments | (4) | (1,011) | (9,536) |
| Advance payment related to license agreements | — | — | (8,000) |
| Other | 168 | 2,407 | 1,500 |
| Net cash used in investing activities | (32,306) | (102,349) | (56,936) |
| Cash flows from financing activities: | |||
| Proceeds from stock option exercises | 3,125 | 1,493 | 2,412 |
| Repurchases of treasury stock | (15,452) | (4,272) | — |
| Payment for tender offer of warrants | — | (1,792) | — |
| Payment for minimum guarantee obligations | (4,817) | (5,000) | — |
| Payments for tax withholding of stock-based compensation | (3,040) | — | — |
| Net proceeds from Acies Merger | — | — | 185,170 |
| Other | — | — | (690) |
| Net cash provided by (used in) financing activities | (20,184) | (9,571) | 186,892 |
| Foreign currency translation | (345) | (966) | 743 |
| Net change in cash and cash equivalents | (1,111) | (79,502) | 164,575 |
| Cash and cash equivalents at beginning of period | 134,000 | 213,502 | 48,927 |
| Cash and cash equivalents at end of period | $132,889 | $134,000 | $213,502 |
| Supplemental cash flow disclosures: | |||
| Interest paid | $189 | $150 | $125 |
| Income taxes paid, net of (refunds) | $6,111 | $1,884 | $(4,321) |
| Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Non-cash investing and financing activities: | |||
| Capitalization of stock-based compensation | $1,800 | $2,530 | $657 |
| Additions to intangible assets related to licensing agreements | $46,579 | $3,000 | $5,000 |
| Lease modification | $1,643 | $— | $— |
| Increase in property and equipment included in accounts payable and other long-term liabilities | $— | $888 | $— |
| Right-of-use assets acquired under operating leases | $— | $14,638 | $— |
| Exchange of notes receivable as consideration related to the WonderBlocks Acquisition | $— | $1,055 | $— |
| Contingent consideration related to the WonderBlocks Acquisition | $— | $3,361 | $— |
| Reduction of notes receivable in exchange for internal-use software | $— | $— | $1,754 |
| Settlement of MGM Profit Share liability through the issuance of shares of Class A common stock | $— | $— | $20,000 |
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