BuzzFeed Inc
For the period ended Mar 31, 2024. Filed May 14, 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.
Mar 31, 2024 · Filed May 14, 2024
BZFD$0.46-15.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities: | ||
| Net (loss) | $(35,782) | $(36,261) |
| Less: net (loss) from discontinued operations, net of tax | 9,213 | 6,869 |
| Net loss from continuing operations | (26,569) | (29,392) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 5,881 | 5,704 |
| Unrealized gain on foreign currency | (46) | (958) |
| Stock based compensation | 752 | 687 |
| Change in fair value of warrants | 37 | 593 |
| Change in fair value of derivative liability | — | 1,005 |
| Amortization of debt discount and deferred issuance costs | 1,226 | 1,064 |
| Deferred income tax | 493 | (21) |
| Provision for doubtful accounts | (74) | 223 |
| Gain on disposition of assets | — | (175) |
| Non-cash lease expense | 4,261 | 5,034 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 26,101 | 43,837 |
| Prepaid expenses and other current assets and prepaid expenses and other assets | 1,037 | 1,979 |
| Accounts payable | (23,123) | (95) |
| Accrued compensation | 6,062 | (12,772) |
| Accrued expenses, other current liabilities and other liabilities | 3,315 | (5,183) |
| Lease liabilities | (5,116) | (5,862) |
| Deferred revenue | 505 | (2,395) |
| Cash (used in) provided by operating activities from continuing operations | (5,258) | 3,273 |
| Cash used in operating activities from discontinued operations | (8,041) | (3,452) |
| Cash used in operating activities | (13,299) | (179) |
| Investing activities: | ||
| Capital expenditures | (88) | (402) |
| Capitalization of internal-use software | (3,330) | (3,974) |
| Proceeds from sale of asset | — | 175 |
| Cash used in investing activities from continuing operations | (3,418) | (4,201) |
| Cash provided by investing activities from discontinued operations | 108,575 | — |
| Cash provided by (used in) investing activities | 105,157 | (4,201) |
| Financing activities: | ||
| Proceeds from exercise of stock options | — | 29 |
| Payment for shares withheld for employee taxes | — | (193) |
| Payments on Revolving Credit Facility | (33,837) | (1,317) |
| Payment on Convertible Notes | (30,900) | — |
| Payment of early termination fee for Revolving Credit Facility | (500) | — |
| Payment of deferred issuance costs | (591) | — |
| Cash used in financing activities | (65,828) | (1,481) |
| Effect of currency translation on cash and cash equivalents | (160) | 34 |
| Net increase (decrease) in cash and cash equivalents | 25,870 | (5,827) |
| Cash and cash equivalents and restricted cash at beginning of period | 35,637 | 55,774 |
| Cash and cash equivalents and restricted cash at end of period | $61,507 | $49,947 |
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