Corsair Gaming Inc
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
View on SEC.govAbout this filing
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.
FY2023 · Filed Feb 27, 2024
CRSR$12.27+0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(in thousands)
| Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $(1,037) | $(53,946) | $100,960 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Stock-based compensation | 30,873 | 22,158 | 17,235 |
| Depreciation | 12,210 | 10,728 | 10,300 |
| Amortization | 38,488 | 42,795 | 34,794 |
| Debt issuance costs amortization | 679 | 398 | 1,458 |
| Loss on debt extinguishment | — | — | 4,868 |
| Deferred income taxes | (6,332) | (21,736) | (11,962) |
| Other | 3,584 | 4,469 | 3,291 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (17,686) | 55,845 | 444 |
| Inventories | (39,470) | 111,288 | (71,316) |
| Prepaid expenses and other assets | 1,902 | 1,268 | (13,177) |
| Accounts payable | 62,150 | (65,928) | (63,722) |
| Other liabilities and accrued expenses | 3,792 | (40,950) | 7,019 |
| Net cash provided by operating activities | 89,153 | 66,389 | 20,192 |
| Cash flows from investing activities: | |||
| Acquisition of businesses, net of cash acquired | (14,220) | (19,534) | (4,846) |
| Payment of deferred and contingent consideration | — | (185) | (4,721) |
| Purchase of property and equipment | (12,761) | (26,315) | (10,974) |
| Investment in available-for-sale convertible note | — | (1,000) | — |
| Net cash used in investing activities | (26,981) | (47,034) | (20,541) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of debt, net | — | — | 248,513 |
| Repayment of debt and debt issuance costs | (41,000) | (9,483) | (328,392) |
| Borrowings from line of credit | — | 701,500 | 63,500 |
| Repayment of line of credit | — | (701,500) | (63,500) |
| Proceeds from public offering, net of underwriting discounts and commissions | — | 81,655 | — |
| Payment of other offering costs | (497) | (296) | — |
| Proceeds from issuance of shares through employee equity incentive plans | 7,449 | 7,015 | 14,872 |
| Payment of taxes related to net share settlement of equity awards | (1,409) | (1,532) | (397) |
| Dividend paid to noncontrolling interest | (980) | (4,312) | — |
| Payment of contingent consideration | (950) | (438) | — |
| Net cash provided by (used in) financing activities | (37,387) | 72,609 | (65,404) |
| Effect of exchange rate changes on cash | (281) | (3,284) | (2,435) |
| Net increase (decrease) in cash and restricted cash | 24,504 | 88,680 | (68,188) |
| Cash and restricted cash at the beginning of the year | 154,060 | 65,380 | 133,568 |
| Cash and restricted cash at the end of the year | $178,564 | $154,060 | $65,380 |
| Supplemental cash flow disclosures: | |||
| Cash paid for interest | $16,772 | $9,019 | $11,267 |
| Cash paid for income taxes, net | 7,375 | 14,221 | 41,243 |
| Supplemental disclosure of non-cash investing and financing activities: | |||
| Equipment purchased and unpaid at period end | $1,420 | $4,985 | $2,122 |
| Issuance of common stock relating to business acquisition | — | 14,505 | — |
| Receivable for business acquisition purchase price adjustment | 1,041 | — | — |
| Deferred purchase consideration related to business acquisitions | — | — | 202 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.