Maplebear Inc
For the period ended Dec 31, 2023. Filed Mar 5, 2024.
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FY2023 · Filed Mar 5, 2024
CART$58.47+0.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2021 | 2022 | 2023 | |
| OPERATING ACTIVITIES | |||
| Net income (loss) | $(73) | $428 | $(1,622) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization expense | 16 | 34 | 43 |
| Stock-based compensation expense | 22 | 33 | 2,756 |
| Amortization of common stock warrants | 3 | — | — |
| Amortization and remeasurement of common stock issuable pursuant to subscription agreement | 2 | — | — |
| Provision for bad debts | 7 | 10 | 23 |
| Amortization of operating lease right-of-use assets | 11 | 13 | 14 |
| Deferred income taxes | (2) | (373) | (459) |
| Other | 2 | 8 | (4) |
| Changes in operating assets and liabilities, net of effects of business acquisitions: | |||
| Accounts receivable | (318) | (21) | (33) |
| Prepaid expenses and other assets | (60) | (31) | (22) |
| Accounts payable | 36 | 25 | (16) |
| Accrued and other current liabilities | 102 | 141 | (62) |
| Deferred revenue | 47 | 24 | 18 |
| Operating lease liabilities | (13) | (13) | (15) |
| Other long-term liabilities | 14 | (1) | (35) |
| Net cash provided by (used in) operating activities | (204) | 277 | 586 |
| INVESTING ACTIVITIES | |||
| Purchases of marketable securities | (623) | (158) | (110) |
| Maturities of marketable securities | 369 | 394 | 301 |
| Purchases of property and equipment, including capitalized internal-use software | (13) | (24) | (54) |
| Purchases of patents | (9) | (2) | (2) |
| Acquisitions of businesses, net of cash acquired | (54) | (93) | — |
| Net cash provided (used in) by investing activities | (330) | 117 | 135 |
| FINANCING ACTIVITIES | |||
| Proceeds from the issuance of common stock upon initial public offering, net of underwriting discounts | — | — | 401 |
| Proceeds from the issuance of redeemable convertible preferred stock, net of issuance costs | 265 | — | — |
| Proceeds from the issuance of Series A redeemable convertible preferred stock | — | — | 175 |
| Taxes paid related to net share settlement of equity awards | — | — | (570) |
| Proceeds from exercise of stock options | 6 | 1 | 6 |
| Proceeds from exercise of common stock warrants | 68 | 34 | — |
| Proceeds from modification of common stock warrants | — | 14 | — |
| Proceeds from the issuance of non-voting common stock | 125 | — | — |
| Deferred offering costs paid | — | (3) | (6) |
| Repurchases of common stock | — | — | (36) |
| Net cash provided by (used in) financing activities | 464 | 46 | (30) |
| Effect of foreign exchange on cash, cash equivalents, and restricted cash and cash equivalents | (1) | (6) | 3 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash and cash equivalents | (71) | 434 | 694 |
| Cash, cash equivalents, and restricted cash and cash equivalents - beginning of period | 1,236 | 1,165 | 1,599 |
| Cash, cash equivalents, and restricted cash and cash equivalents - end of period | $1,165 | $1,599 | $2,293 |
CONSOLIDATED STATEMENTS OF CASH FLOWS, CONTINUED
| Year Ended December 31, | |||
|---|---|---|---|
| 2021 | 2022 | 2023 | |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | |||
| Cash paid for income taxes, net of tax refunds | $4 | $3 | $54 |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES | |||
| Stock-based compensation capitalized as internal-use software | $1 | $— | $56 |
| Conversion of redeemable convertible preferred stock to common stock in connection with initial public offering | — | — | 2,822 |
| Reclassification of deferred offering costs to additional paid-in capital upon initial public offering | — | — | 9 |
| Fair value of contingent consideration in connection with a business combination | — | 7 | — |
| Changes in accrued purchases of property and equipment, including capitalized internal-use software | — | — | 3 |
| Deferred offering costs not yet paid | — | 1 | — |
| Accretion of Series A redeemable convertible preferred stock | — | — | 2 |
| Issuance of non-voting common stock in connection with business acquisitions | 255 | — | — |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION RELATED TO LEASES | |||
| Cash paid for amounts included in the measurement of operating lease liabilities | $15 | $15 | $16 |
| Lease liabilities arising from obtaining right-of-use assets | 6 | 9 | 6 |
| Reduction in right-of-use assets and corresponding operating lease liabilities due to lease modifications | 2 | — | — |
| RECONCILIATION OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AND CASH EQUIVALENTS TO THE CONSOLIDATED BALANCE SHEETS | |||
| Cash and cash equivalents | $1,146 | $1,505 | $2,137 |
| Restricted cash and cash equivalents, current | 1 | 75 | 137 |
| Restricted cash and cash equivalents, noncurrent | 18 | 19 | 19 |
| Total cash, cash equivalents, and restricted cash and cash equivalents | $1,165 | $1,599 | $2,293 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.