Consensus Cloud Solutions Inc

For the period ended Mar 31, 2024. Filed May 9, 2024.

About 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.

Mar 31, 2024 · Filed May 9, 2024

CCSI$43.05+0.4%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Statements of Cash Flows (unaudited)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited, in thousands)

	Three Months Ended March 31,
	2024	2023
Cash flows from operating activities:
Net income	$26,370	$15,458
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	4,767	4,347
Amortization of financing costs and discounts	479	495
Non-cash operating lease costs	370	416
Share-based compensation	4,450	5,140
Provision for doubtful accounts	875	1,831
Deferred income taxes, net	1,361	(66)
Gain on extinguishment of debt	(4,865)	—
Changes in operating assets and liabilities:
Decrease (increase) in:
Accounts receivable	(2,008)	(3,429)
Prepaid expenses and other current assets	378	(266)
Other assets	411	424
Increase (decrease) in:
Accounts payable and accrued expenses	9,111	12,400
Income taxes payable	2,373	206
Deferred revenue	430	735
Operating lease liabilities	(531)	(423)
Liability for uncertain tax positions	724	713
Other liabilities	(6)	(10)
Net cash provided by operating activities	44,689	37,971
Cash flows from investing activities:
Purchases of property and equipment	(8,923)	(8,548)
Purchase of investments	—	(4,000)
Net cash used in investing activities	(8,923)	(12,548)
Cash flows from financing activities:
Repurchase of common stock	(712)	(9,195)
Taxes paid related to net share settlement	(233)	(451)
Repurchase of debt	(57,884)	—
Net cash used in financing activities	(58,829)	(9,646)
Effect of exchange rate changes on cash and cash equivalents	(4,141)	1,324
Net change in cash and cash equivalents	(27,204)	17,101
Cash and cash equivalents at beginning of period	88,715	94,164
Cash and cash equivalents at end of period	$61,511	$111,265

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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIT

(Unaudited, in thousands except share amounts)

Common stock · Additionalpaid-in · Treasury stock · Accumulated · Accumulated other comprehensive · Total
	Shares	Amount	capital	Shares	Amount	deficit	loss	deficit
Balance, January 1, 2023	20,105,545	$201	$21,650	(189,114)	$(7,596)	$(250,408)	$(19,108)	$(255,261)
Net income	—	—	—	—	—	15,458	—	15,458
Foreign currency translation adjustment	—	—	—	—	—	—	3,078	3,078
Vested restricted stock	24,840	—	—	—	—	—	—	—
Shares withheld related to net share settlement	(11,418)	—	(451)	—	—	—	—	(451)
Repurchase of common stock	—	—	—	(270,192)	(9,195)	—	—	(9,195)
Share-based compensation	—	—	5,660	—	—	—	—	5,660
Balance, March 31, 2023	20,118,967	$201	$26,859	(459,306)	$(16,791)	$(234,950)	$(16,030)	$(240,711)

Common stock · Additionalpaid-in · Treasury stock · Accumulated · Accumulated other comprehensive · Total
	Shares	Amount	capital	Shares	Amount	deficit	loss	deficit
Balance, January 1, 2024	20,273,686	$203	$41,247	(1,028,662)	$(31,282)	$(173,113)	$(13,177)	$(176,122)
Net income	—	—	—	—	—	26,370	—	26,370
Foreign currency translation adjustment	—	—	—	—	—	—	(6,314)	(6,314)
Vested restricted stock	33,447	—	—	—	—	—	—	—
Shares withheld related to net share settlement	(15,340)	—	(233)	—	—	—	—	(233)
Repurchase of common stock	—	—	—	(42,962)	(712)	—	—	(712)
Share-based compensation	—	—	5,187	—	—	—	—	5,187
Balance, March 31, 2024	20,291,793	$203	$46,201	(1,071,624)	$(31,994)	$(146,743)	$(19,491)	$(151,824)

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.