nCino Inc
For the period ended Jan 31, 2024. Filed Mar 26, 2024.
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FY2024 · Filed Mar 26, 2024
NCNO$22.47-2.0%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
| Fiscal Year Ended January 31, | |||
|---|---|---|---|
| 2022 | 2023 | 2024 | |
| Cash flows from operating activities | |||
| Net loss attributable to nCino, Inc. | $(49,446) | $(102,720) | $(42,346) |
| Net loss and adjustment attributable to redeemable non-controlling interest | (675) | 876 | (1,180) |
| Net loss | (50,121) | (101,844) | (43,526) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 10,006 | 34,652 | 45,264 |
| Non-cash operating lease costs | 2,534 | 3,840 | 4,534 |
| Amortization of costs capitalized to obtain revenue contracts | 5,779 | 8,459 | 9,934 |
| Amortization of debt issuance costs | — | 177 | 184 |
| Stock-based compensation | 28,477 | 50,232 | 58,035 |
| Deferred income taxes | (24,280) | 1,627 | (2,340) |
| Provision for bad debt | 90 | 806 | 1,081 |
| Net foreign currency losses | 1,860 | 1,548 | 670 |
| Unrealized gain on investment | — | — | (263) |
| Loss on disposal of long-lived assets | — | — | 150 |
| Change in operating assets and liabilities: | |||
| Accounts receivable | (13,507) | (26,795) | (14,325) |
| Costs capitalized to obtain revenue contracts | (11,045) | (12,235) | (10,348) |
| Prepaid expenses and other assets | (2,503) | (3,433) | 1,872 |
| Accounts payable | 8,796 | 35 | 525 |
| Accounts payable, related parties | (4,363) | — | — |
| Accrued expenses and other current liabilities | 7,311 | (1,210) | (5,981) |
| Deferred revenue | 24,317 | 33,527 | 15,902 |
| Operating lease liabilities | (2,580) | (4,767) | (4,083) |
| Net cash provided by (used in) operating activities | (19,229) | (15,381) | 57,285 |
| Cash flows from investing activities | |||
| Acquisition of business, net of cash acquired | (268,994) | 676 | — |
| Acquisition of assets | — | (563) | (356) |
| Purchases of property and equipment | (5,463) | (18,338) | (3,515) |
| Proceeds from sale of property and equipment | — | — | 43 |
| Purchase of investments (related party $0, $2,500, and $0, respectively) | (4,031) | (2,500) | (2,500) |
| Net cash used in investing activities | (278,488) | (20,725) | (6,328) |
| Cash flows from financing activities | |||
| Investment from redeemable non-controlling interest | — | — | 983 |
| Proceeds from borrowings on revolving credit facility | — | 50,000 | — |
| Payments on revolving credit facility | — | (20,000) | (30,000) |
| Payments of debt issuance costs | — | (367) | — |
| Stock issuance costs | (210) | — | — |
| Exercise of stock options | 13,907 | 3,750 | 4,469 |
| Stock issuance under the employee stock purchase plan | 2,543 | 4,450 | 4,661 |
| Principal payments on financing obligations | (318) | (1,121) | (1,226) |
| Net cash provided by (used in) financing activities | 15,922 | 36,712 | (21,113) |
| Effect of foreign currency exchange rate changes on cash, cash equivalents, and restricted cash | (1,231) | (1,587) | 182 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | (283,026) | (981) | 30,026 |
| Cash, cash equivalents, and restricted cash, beginning of period | 371,425 | 88,399 | 87,418 |
| Cash, cash equivalents, and restricted cash, end of period | $88,399 | $87,418 | $117,444 |
CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)
| Fiscal Year Ended January 31, | |||
|---|---|---|---|
| 2022 | 2023 | 2024 | |
| Reconciliation of cash, cash equivalents, and restricted cash, end of period: | |||
| Cash and cash equivalents | $88,014 | $82,036 | $112,085 |
| Restricted cash included in long-term prepaid expenses and other assets | 385 | 5,382 | 5,359 |
| Total cash, cash equivalents, and restricted cash, end of period | $88,399 | $87,418 | $117,444 |
| Supplemental disclosure of cash flow information | |||
| Cash paid for taxes, net of refunds | $1,003 | $664 | $3,165 |
| Cash paid for interest | $1,514 | $2,617 | $4,315 |
| Supplemental disclosure of noncash investing and financing activities | |||
| Purchase of property and equipment, accrued but not paid | $11,225 | $720 | $167 |
| Building-leased facility acquired through financing obligation | $18,154 | $22,402 | $— |
| Fair value of common stock issued as consideration for business acquisition | $647,509 | $— | $— |
| Accrued purchase price related to acquisitions | $54 | $356 | $— |
| Measurement period adjustment relating to business acquisition | $— | $1,285 | $— |
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