APPFOLIO INC
For the period ended Mar 31, 2024. Filed Apr 26, 2024.
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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 Apr 26, 2024
APPF$224.76-2.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows for the
| APPFOLIO, INC. | ||
|---|---|---|
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | ||
| (UNAUDITED) | ||
| (in thousands) | ||
| Three Months EndedMarch 31, | ||
| 2024 | 2023 | |
| Cash from operating activities | ||
| Net Income (loss) | $38,663 | $(35,110) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization | 4,693 | 6,937 |
| Amortization of operating lease right-of-use assets | 523 | 568 |
| Gain on lease modification | — | (2,366) |
| Stock-based compensation, including as amortized | 13,992 | 14,637 |
| Other | (1,824) | (155) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (5,470) | (914) |
| Prepaid expenses and other current assets | 8,849 | (2,399) |
| Accounts payable | 733 | (1,777) |
| Operating lease liabilities | (475) | (771) |
| Accrued expenses and other liabilities | (16,730) | 22,923 |
| Net cash provided by operating activities | 42,954 | 1,573 |
| Cash from investing activities | ||
| Purchases of available-for-sale investments | (57,162) | (1,285) |
| Proceeds from sales of available-for-sale investments | — | 1,013 |
| Proceeds from maturities of available-for-sale investments | 36,670 | 37,890 |
| Purchases of property and equipment | (1,420) | (794) |
| Capitalization of software development costs | (1,125) | (1,165) |
| Proceeds from sale of business, net of cash divested | — | 629 |
| Net cash (used in) provided by investing activities | (23,037) | 36,288 |
| Cash from financing activities | ||
| Proceeds from stock option exercises | 3,874 | 834 |
| Tax withholding for net share settlement | (14,086) | (5,539) |
| Net cash used in financing activities | (10,212) | (4,705) |
| Net increase in cash, cash equivalents and restricted cash | 9,705 | 33,156 |
| Cash, cash equivalents and restricted cash | ||
| Beginning of period | 49,759 | 71,019 |
| End of period | $59,464 | $104,175 |
| Cash, cash equivalents and restricted cash at end of period: | ||
| Cash and cash equivalents | $59,214 | $103,925 |
| Restricted cash included in prepaid expenses and other current assets | 250 | 250 |
| Total cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows | $59,464 | $104,175 |
| Supplemental disclosure of cash flow information | ||
| Cash paid for amounts included in the measurement of lease liabilities included in operating cash flows | 1,483 | 1,348 |
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