Bandwidth Inc
For the period ended Dec 31, 2024. Filed Feb 20, 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 20, 2025
BAND$43.57+4.1%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
| Year ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities | |||
| Net (loss) income | $(6,524) | $(16,343) | $19,570 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities | |||
| Depreciation and amortization | 49,242 | 41,717 | 35,599 |
| Non-cash reduction to the right-of-use asset | 3,601 | 9,323 | 6,977 |
| Amortization of debt discount and issuance costs | 1,709 | 2,520 | 3,082 |
| Stock-based compensation | 48,362 | 36,992 | 20,655 |
| Deferred taxes and other | (4,452) | (5,942) | (5,557) |
| Gain on sale of intangible asset | (1,000) | — | — |
| Net gain on extinguishment of debt | (10,267) | (12,767) | (40,205) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (8,725) | (3,454) | (13,341) |
| Prepaid expenses and other assets | 4,062 | 2,141 | (5,795) |
| Accounts payable | (4,639) | 5,385 | 17,210 |
| Accrued expenses and other liabilities | 18,108 | (10,592) | 4,291 |
| Operating right-of-use liability | (5,594) | (9,979) | (7,580) |
| Net cash provided by operating activities | 83,883 | 39,001 | 34,906 |
| Cash flows from investing activities | |||
| Purchase of property, plant and equipment | (13,986) | (9,257) | (41,661) |
| Deposits for construction in progress | — | — | (18,674) |
| Refund of deposits for construction in progress | 2,707 | — | — |
| Capitalized software development costs | (11,394) | (10,642) | (3,755) |
| Purchase of marketable securities | (34,050) | (80,625) | (179,598) |
| Proceeds from sales and maturities of marketable securities | 53,502 | 130,120 | 108,681 |
| Proceeds from sale of business | 779 | 1,253 | 1,558 |
| Proceeds from sale of intangible assets | 1,000 | — | — |
| Net cash (used in) provided by investing activities | (1,442) | 30,849 | (133,449) |
| Cash flows from financing activities | |||
| Borrowings on line of credit | 206,500 | — | — |
| Repayments on line of credit | (206,500) | — | — |
| Payments on finance leases | (87) | (157) | (190) |
| Net cash paid for debt extinguishment | (128,534) | (51,259) | (117,286) |
| Payment of debt issuance costs | (524) | (710) | (553) |
| Proceeds from exercises of stock options | 167 | 413 | 163 |
| Value of equity awards withheld for tax liabilities | (2,295) | (1,062) | (2,139) |
| Net cash used in financing activities | (131,273) | (52,775) | (120,005) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (1,241) | 610 | 881 |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | (50,073) | 17,685 | (217,667) |
| Cash, cash equivalents, and restricted cash, beginning of period | 132,307 | 114,622 | 332,289 |
| Cash, cash equivalents, and restricted cash, end of period | $82,234 | $132,307 | $114,622 |
| Reconciliation of cash, cash equivalents, and restricted cash, end of period | |||
| Cash and cash equivalents | $81,812 | $131,987 | $113,641 |
| Restricted cash included in prepaid expenses and other current assets | 422 | 320 | 981 |
| Total cash, cash equivalents, and restricted cash, end of period | $82,234 | $132,307 | $114,622 |
Consolidated Statements of Cash Flows
| Year ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Supplemental disclosure of cash flow information | |||
| Cash paid for (received from) interest | $691 | $(1,500) | $18 |
| Cash paid for taxes | $3,815 | $7,203 | $3,932 |
| Right-of-use assets obtained in exchange for new operating lease liabilities | $1,905 | $156,025 | $3,421 |
| Supplemental disclosure of noncash investing and financing activities | |||
| Purchase of property, plant and equipment, accrued but not paid | $11,447 | $6,871 | $1,741 |
| Purchase of property and equipment through lease incentive | $— | $57,329 | $5,791 |
| Purchase of property and equipment through use of escrow deposits | $— | $20,674 | $— |
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