Corsair Gaming 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
CRSR$12.27+0.9%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
(in thousands)
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net loss | $(83,394) | $(1,037) | $(53,946) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Stock-based compensation | 30,591 | 30,873 | 22,158 |
| Depreciation | 13,449 | 12,210 | 10,728 |
| Amortization | 38,448 | 38,488 | 42,795 |
| Bargain purchase gain on business acquisition | (2,581) | — | — |
| Deferred income taxes, net of valuation allowance | 11,416 | (6,332) | (21,736) |
| Other | 5,661 | 4,263 | 4,867 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 32,285 | (17,686) | 55,845 |
| Inventories | 18,315 | (39,470) | 111,288 |
| Prepaid expenses and other assets | 5,897 | 1,902 | 1,268 |
| Accounts payable | (39,507) | 62,150 | (65,928) |
| Other liabilities and accrued expenses | 5,297 | 3,792 | (40,950) |
| Net cash provided by operating activities | 35,877 | 89,153 | 66,389 |
| Cash flows from investing activities: | |||
| Acquisition of businesses, net of cash acquired | (43,131) | (14,220) | (19,534) |
| Purchase of property and equipment | (9,849) | (12,761) | (26,315) |
| Purchase of intangible asset | (100) | — | — |
| Payment of deferred and contingent consideration | — | — | (185) |
| Purchase price adjustment related to business acquisition | 1,041 | — | — |
| Payment of bridge loan origination costs related to business acquisition | (666) | — | — |
| Investment in available-for-sale convertible note | — | — | (1,000) |
| Net cash used in investing activities | (52,705) | (26,981) | (47,034) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of debt, net | — | — | — |
| Repayment of debt and debt issuance costs | (25,000) | (41,000) | (9,483) |
| Borrowings from line of credit | 25,000 | — | 701,500 |
| Repayment of line of credit | (25,000) | — | (701,500) |
| Purchase of additional ownership interest | (19,750) | — | — |
| 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 | 5,377 | 7,449 | 7,015 |
| Payment of taxes related to net share settlement of equity awards | (573) | (1,409) | (1,532) |
| Dividend paid to noncontrolling interest | (5,792) | (980) | (4,312) |
| Payment of deferred and contingent consideration | (4,942) | (950) | (438) |
| Net cash provided by (used in) financing activities | (50,680) | (37,387) | 72,609 |
| Effect of exchange rate changes on cash | (1,425) | (281) | (3,284) |
| Net increase (decrease) in cash and restricted cash | (68,933) | 24,504 | 88,680 |
| Cash and restricted cash at the beginning of the year | 178,564 | 154,060 | 65,380 |
| Cash and restricted cash at the end of the year | $109,631 | $178,564 | $154,060 |
| Supplemental cash flow disclosures: | |||
| Cash paid for interest | $12,793 | $16,772 | $9,019 |
| Cash paid for income taxes, net | 5,100 | 7,375 | 14,221 |
| Supplemental disclosure of non-cash investing and financing activities: | |||
| Equipment purchased and unpaid at period end | $2,493 | $1,420 | $4,985 |
| Issuance of common stock relating to business acquisition | — | — | 14,505 |
| Purchase consideration related to business acquisition | 592 | — | — |
| Receivable for business acquisition purchase price adjustment | — | 1,041 | — |
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