Asana Inc
For the period ended Jan 31, 2024. Filed Mar 14, 2024.
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FY2024 · Filed Mar 14, 2024
ASAN$9.59-4.3%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
| Year Ended January 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities | |||
| Net loss | $(257,030) | $(407,768) | $(288,342) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Allowance for expected credit losses | 3,140 | 1,918 | 2,257 |
| Depreciation and amortization | 14,344 | 12,669 | 8,464 |
| Amortization of deferred contract acquisition costs | 21,972 | 15,098 | 8,647 |
| Stock-based compensation expense | 202,418 | 188,962 | 104,527 |
| Net amortization (accretion) of premium (discount) on marketable securities | (3,391) | 62 | 784 |
| Non-cash lease expense | 18,090 | 15,595 | 16,589 |
| Impairment of long-lived assets | 5,009 | — | — |
| Amortization of discount on convertible notes and credit facility issuance costs | 122 | 41 | 10,645 |
| Non-cash interest expense | — | — | 6,670 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (9,527) | (25,179) | (26,993) |
| Prepaid expenses and other current assets | (25,594) | (24,042) | (23,652) |
| Other assets | (468) | (4,108) | (10,724) |
| Accounts payable | (569) | (4,391) | 7,259 |
| Accrued expenses and other liabilities | (5,206) | 25,539 | 23,682 |
| Deferred revenue | 37,623 | 59,375 | 68,339 |
| Operating lease liabilities | (18,864) | (13,829) | 8,063 |
| Net cash used in operating activities | (17,931) | (160,058) | (83,785) |
| Cash flows from investing activities | |||
| Purchases of marketable securities | (319,133) | (72,216) | (62,394) |
| Sales of marketable securities | 18 | — | 373 |
| Maturities of marketable securities | 43,141 | 143,865 | 132,301 |
| Purchases of property and equipment | (7,721) | (5,351) | (41,587) |
| Capitalized internal-use software costs | (5,440) | (1,806) | (1,132) |
| Net cash provided by (used in) investing activities | (289,135) | 64,492 | 27,561 |
| Cash flows from financing activities | |||
| Proceeds from term loan, net of issuance costs | — | 49,555 | 9,000 |
| Repayment of term loan | (3,125) | (38,333) | (1,667) |
| Proceeds from private placement — related party, net of offering costs | — | 347,289 | — |
| Taxes paid related to net share settlement of equity awards | (10) | — | — |
| Repurchases of common stock | — | (9) | (40) |
| Proceeds from exercise of stock options | 4,843 | 5,773 | 16,567 |
| Proceeds from employee stock purchase plan | 15,069 | 17,116 | 13,350 |
| Net cash provided by financing activities | 16,777 | 381,391 | 37,210 |
| Effect of foreign exchange rates on cash and cash equivalents | 389 | 335 | (461) |
| Net increase (decrease) in cash and cash equivalents | (289,900) | 286,160 | (19,475) |
| Year Ended January 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash and cash equivalents | |||
| Beginning of period | 526,563 | 240,403 | 259,878 |
| End of period | $236,663 | $526,563 | $240,403 |
| Supplemental cash flow data | |||
| Cash paid for income taxes | $3,354 | $4,325 | $1,463 |
| Cash paid for interest | $3,609 | $1,657 | $833 |
| Supplemental non-cash investing and financing information | |||
| Purchase of property and equipment in accounts payable and accrued liabilities | $140 | $598 | $571 |
| Vesting of early exercised stock options | $109 | $692 | $2,350 |
| Issuance of common stock upon conversion of convertible notes — related party | $— | $— | $368,459 |
| Stock-based compensation for software development | $3,778 | $959 | $673 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.