BuzzFeed Inc
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
View on SEC.govAbout this filing
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 12, 2024
BZFD$0.46-15.8%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
Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities: | ||
| Net (loss) | $(41,008) | $(78,029) |
| Less: net loss from discontinued operations, net of tax | 9,924 | 14,109 |
| Net loss from continuing operations | (31,084) | (63,920) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 15,755 | 16,396 |
| Unrealized (gain) loss on foreign currency | (1,923) | 30 |
| Stock based compensation | 4,238 | 4,524 |
| Change in fair value of warrants | 582 | 94 |
| Change in fair value of derivative liability | — | (150) |
| Amortization of debt discount and deferred issuance costs | 4,052 | 3,542 |
| Deferred income tax | (462) | 404 |
| Provision for doubtful accounts | (355) | (10) |
| Loss (gain) on investment | — | 3,500 |
| Gain on disposition of assets | (1,250) | (175) |
| Non-cash lease expense | 13,528 | 15,460 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 27,815 | 54,823 |
| Prepaid expenses and other current assets and prepaid expenses and other assets | 3,783 | (1,540) |
| Accounts payable | (30,710) | 14,421 |
| Accrued compensation | 1,528 | (16,299) |
| Accrued expenses, other current liabilities and other liabilities | 4,181 | (10,451) |
| Lease liabilities | (16,469) | (18,028) |
| Deferred revenue | (581) | (569) |
| Cash (used in) provided by operating activities from continuing operations | (7,372) | 2,052 |
| Cash used in operating activities from discontinued operations | (8,752) | (4,415) |
| Cash used in operating activities | (16,124) | (2,363) |
| Investing activities: | ||
| Capital expenditures | (500) | (761) |
| Capitalization of internal-use software | (9,294) | (10,920) |
| Proceeds from sale of asset | 350 | 175 |
| Cash used in investing activities from continuing operations | (9,444) | (11,506) |
| Cash provided by investing activities from discontinued operations | 108,575 | — |
| Cash provided by (used in) investing activities | 99,131 | (11,506) |
| Financing activities: | ||
| Proceeds from exercise of stock options | 1 | 29 |
| Payment for shares withheld for employee taxes | (291) | (407) |
| Borrowings on Revolving Credit Facility | — | 2,128 |
| Payments on Revolving Credit Facility | (33,837) | (1,796) |
| Payment on Convertible Notes | (31,233) | — |
| Proceeds from the issuance of common stock in connection with the at-the-market offering, net of issuance costs | 660 | 902 |
| Payment of early termination fee for Revolving Credit Facility | (500) | — |
| Cash (used in) provided by financing activities | (65,200) | 856 |
| Effect of currency translation on cash and cash equivalents | 279 | (291) |
| Net increase (decrease) in cash and cash equivalents | 18,086 | (13,304) |
| Cash and cash equivalents at beginning of period | 35,637 | 55,774 |
| Cash and cash equivalents at end of period | $53,723 | $42,470 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.