TaskUs Inc
For the period ended Sep 30, 2024. Filed Nov 7, 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 7, 2024
TASK$9.23+0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Cash Flows
(in thousands)
| Nine months ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income | $37,011 | $29,413 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation | 30,525 | 29,502 |
| Amortization of intangibles | 14,955 | 15,276 |
| Amortization of debt financing fees | 447 | 447 |
| Loss (gain) on disposal of assets | (93) | 772 |
| Benefit from credit losses | (25) | — |
| Unrealized foreign exchange losses (gains) on forward contracts | (166) | 6,020 |
| Deferred taxes | (1,813) | (255) |
| Stock-based compensation expense | 31,954 | 42,337 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (23,452) | (680) |
| Prepaid expenses and other current assets | (5,807) | (4,403) |
| Operating lease right-of-use assets | 11,883 | 10,670 |
| Other noncurrent assets | (809) | (123) |
| Accounts payable and accrued liabilities | 3,318 | (9,063) |
| Accrued payroll and employee-related liabilities | 20,904 | (4,093) |
| Operating lease liabilities | (12,423) | (10,217) |
| Income tax payable | (7,592) | (1,278) |
| Deferred revenue | (442) | (278) |
| Other noncurrent liabilities | (145) | (152) |
| Net cash provided by operating activities | 98,230 | 103,895 |
| Cash flows from investing activities: | ||
| Purchase of property and equipment | (18,821) | (22,904) |
| Investment in loan receivable | — | (1,000) |
| Net cash used in investing activities | (18,821) | (23,904) |
| Cash flows from financing activities: | ||
| Payments for deferred business acquisition consideration | (144) | (145) |
| Payments on long-term debt | (5,063) | (2,025) |
| Proceeds from employee stock plans | 3,301 | 554 |
| Payments for taxes related to net share settlement | (3,880) | (2,035) |
| Payments for stock repurchases | (15,468) | (92,683) |
| Net cash used in financing activities | (21,254) | (96,334) |
| Increase (decrease) in cash and cash equivalents | 58,155 | (16,343) |
| Effect of exchange rate changes on cash | (3,550) | (3,033) |
| Cash and cash equivalents at beginning of period | 125,776 | 133,992 |
| Cash and cash equivalents at end of period | $180,381 | $114,616 |
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