Clear Secure Inc
For the period ended Dec 31, 2024. Filed Feb 26, 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 Feb 26, 2025
YOU$55.74+1.2%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
(dollars in thousands)
| For the year ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows provided by (used in) operating activities: | |||
| Net income (loss) | $225,274 | $49,888 | $(115,436) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | |||
| Depreciation on property and equipment | 21,749 | 18,215 | 15,524 |
| Amortization on intangible assets | 4,731 | 3,434 | 3,268 |
| Noncash lease expense | 6,607 | 6,468 | 3,769 |
| Impairment of assets | 723 | 4,975 | 3,068 |
| Equity-based compensation | 35,339 | 37,293 | 138,495 |
| Deferred income tax expense (benefit) | (165,773) | (722) | (2,471) |
| Amortization of revolver loan costs | 202 | 339 | 440 |
| Premium amortization (discount accretion) on marketable securities | (7,319) | (13,804) | (2,958) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 15 | 643 | 4,162 |
| Prepaid expenses and other assets | (6,526) | (3,192) | 991 |
| Prepaid revenue share fee | (250) | (6,817) | (7,313) |
| Accounts payable | 2,198 | 4,525 | (752) |
| Accrued and other long term liabilities | 120,964 | 33,714 | 34,979 |
| Deferred revenue | 63,500 | 92,801 | 94,889 |
| Operating lease liabilities | (5,757) | (2,727) | (2,345) |
| Net cash provided by operating activities | 295,677 | 225,033 | 168,310 |
| Cash flows provided by (used in) investing activities: | |||
| Business combinations, net of cash acquired | — | (3,750) | — |
| Purchases of marketable securities | (971,097) | (952,655) | (1,462,550) |
| Proceeds from sales and maturities of marketable securities | 1,098,201 | 973,032 | 1,134,864 |
| Purchase of strategic investment | (1,000) | (6,000) | — |
| Purchases of property and equipment | (12,009) | (25,555) | (31,362) |
| Purchases of intangible assets | (318) | (580) | (545) |
| Net cash provided by (used in) investing activities | 113,777 | (15,508) | (359,593) |
| Cash flows used in financing activities: | |||
| Repurchase of Class A Common Stock | (272,920) | (69,673) | (4,902) |
| Payment of dividend | (39,402) | (14,483) | — |
| Payment of special dividend | (28,828) | (68,038) | (21,843) |
| Distributions to members | (25,138) | (42,674) | (16,250) |
| Tax distribution to members | (24,979) | (13,929) | (171) |
| Deferred consideration payment | (1,246) | — | — |
| Payment of taxes on net settled stock-based awards | (9,034) | (6,814) | (5,411) |
| Other financing activities | — | (396) | (297) |
| Net cash used in financing activities | (401,547) | (216,007) | (48,874) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 7,907 | (6,482) | (240,157) |
| Cash, cash equivalents, and restricted cash, beginning of period | 62,401 | 68,884 | 309,126 |
| Exchange rate effect on cash and cash equivalents, and restricted cash | 40 | (1) | (85) |
| Cash, cash equivalents, and restricted cash, end of period | $70,348 | $62,401 | $68,884 |
| For the year ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash and cash equivalents | $66,892 | $57,900 | $38,939 |
| Restricted cash | 3,456 | 4,501 | 29,945 |
| Total cash, cash equivalents, and restricted cash | $70,348 | $62,401 | $68,884 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.