TaskUs Inc
For the period ended Dec 31, 2024. Filed Mar 6, 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 Mar 6, 2025
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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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 | $45,870 | $45,690 | $40,422 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 40,223 | 40,391 | 37,915 |
| Amortization of intangibles | 19,935 | 20,346 | 19,882 |
| Amortization of debt financing fees | 596 | 596 | 569 |
| Loss (gain) on disposal of assets | (80) | 1,322 | 31 |
| Provision (benefit) for credit losses | (15) | 103 | 1,746 |
| Unrealized foreign exchange losses (gains) on forward contracts | (689) | 2,485 | (4,589) |
| Deferred taxes | (10,889) | (7,959) | (11,755) |
| Stock-based compensation expense | 41,821 | 52,759 | 68,979 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (22,758) | 1,861 | (15,052) |
| Prepaid expenses and other current assets | (20,949) | (2,015) | (7,131) |
| Operating lease right-of-use assets | 16,109 | 14,314 | 12,726 |
| Other noncurrent assets | (63) | (132) | (1,240) |
| Accounts payable and accrued liabilities | 23,529 | (9,825) | 1,822 |
| Accrued payroll and employee-related liabilities | 18,251 | (7,877) | 13,589 |
| Operating lease liabilities | (17,312) | (13,823) | (12,391) |
| Income tax payable | 5,801 | 4,910 | 3,826 |
| Deferred revenue | (347) | 592 | (623) |
| Other noncurrent liabilities | (145) | (68) | (1,631) |
| Net cash provided by operating activities | 138,888 | 143,670 | 147,095 |
| Cash flows from investing activities: | |||
| Purchase of property and equipment | (39,104) | (30,995) | (43,758) |
| Acquisition, net of cash acquired | — | — | (23,235) |
| Investment in loan receivable | — | (1,000) | (1,000) |
| Net cash used in investing activities | (39,104) | (31,995) | (67,993) |
| Cash flows from financing activities: | |||
| Proceeds from borrowings, Revolving credit facility | — | — | 32,500 |
| Proceeds from long-term debt | — | — | 270,000 |
| Payments for deferred business acquisition consideration | (144) | (1,875) | — |
| Payments on long-term debt | (8,438) | (3,713) | (273,080) |
| Payments for debt financing fees | — | — | (1,821) |
| Proceeds from employee stock plans | 6,261 | 631 | 3,478 |
| Payments for taxes related to net share settlement | (4,255) | (2,169) | (4,145) |
| Payments for stock repurchases | (18,600) | (111,959) | (30,967) |
| Net cash used in financing activities | (25,176) | (119,085) | (4,035) |
| Increase (decrease) in cash and cash equivalents | 74,608 | (7,410) | 75,067 |
| Effect of exchange rate changes on cash | (8,218) | (806) | (4,659) |
| Cash and cash equivalents at beginning of period | 125,776 | 133,992 | 63,584 |
| Cash and cash equivalents at end of period | $192,166 | $125,776 | $133,992 |
| Supplemental cash flow information: | |||
| Cash paid for interest | $21,094 | $21,557 | $9,952 |
| Cash paid for taxes, net of refunds | $34,200 | $31,747 | $31,805 |
| Noncash operating, investing and financing activities: | |||
| Accrued capital expenditures | $6,024 | $4,451 | $3,108 |
| Loan receivable exchanged for software | $— | $2,182 | $— |
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