Nextdoor Holdings Inc
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
NXDR$2.01-0.5%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
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash flows from operating activities: | |||
| Net loss | $(147,765) | $(137,916) | $(95,325) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation and amortization | 5,769 | 5,656 | 4,172 |
| Stock-based compensation | 83,025 | 64,420 | 47,514 |
| Bad debt expense | 46 | 71 | 317 |
| Accretion of investments | (8,607) | 151 | 340 |
| Other | (347) | (2,322) | (337) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | 3,491 | (168) | (8,172) |
| Prepaid expenses and other assets | 3,399 | 3,751 | (3,717) |
| Operating lease right-of-use assets | 4,694 | 6,867 | 6,605 |
| Accounts payable | (2,640) | (1,578) | 2,759 |
| Operating lease liabilities | (5,676) | (7,132) | (5,844) |
| Accrued expenses and other liabilities | 5,338 | 7,697 | 420 |
| Net cash used in operating activities | (59,273) | (60,503) | (51,268) |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (267) | (3,161) | (8,846) |
| Purchases of marketable securities | (590,610) | (711,887) | (199,832) |
| Sales of marketable securities | 155,418 | 10,789 | 2,411 |
| Maturities of marketable securities | 504,449 | 366,811 | 56,745 |
| Loan to Opportunity Finance Network | (2,500) | (5,000) | — |
| Net cash provided by (used in) investing activities | 66,490 | (342,448) | (149,522) |
| Cash flows from financing activities: | |||
| Proceeds from exercise of stock options, net of repurchases | 7,181 | 12,463 | 15,334 |
| Proceeds from issuance of common stock under employee stock purchase plan | 2,008 | 1,430 | — |
| Proceeds from the Reverse Recapitalization | — | — | 628,489 |
| Payment of transaction costs related to the Reverse Recapitalization | — | (314) | (5,384) |
| Tax withholdings on release of restricted stock units | (273) | (695) | (863) |
| Repurchase of common stock | — | (77,232) | — |
| Net cash provided by (used in) financing activities | 8,916 | (64,348) | 637,576 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 35 | 723 | 283 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 16,168 | (466,576) | 437,069 |
| Cash, cash equivalents, and restricted cash at beginning of period | 55,236 | 521,812 | 84,743 |
| Cash, cash equivalents, and restricted cash at end of period | $71,404 | $55,236 | $521,812 |
| Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets: | |||
| Cash and cash equivalents | $60,233 | $55,236 | $521,812 |
| Restricted cash | 11,171 | — | — |
| Total cash, cash equivalents, and restricted cash | $71,404 | $55,236 | $521,812 |
| Supplemental cash flow disclosures: | |||
| Cash paid for taxes | $2,407 | $1,201 | $313 |
| Non-cash investing and financing activities: | |||
| Vesting of restricted stock and early exercised stock options | $174 | $5,280 | $6,159 |
| Lease liabilities arising from obtaining right-of-use assets | $10,665 | $— | $34,971 |
| Unpaid deferred transaction costs | $— | $— | $314 |
| Conversion of redeemable convertible preferred stock into Class B common stock in connection with the Reverse Recapitalization | $— | $— | $447,166 |
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