Coursera Inc
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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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.
FY2023 · Filed Feb 22, 2024
COUR$3.76+0.3%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
Table of Contents
(In thousands)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash flows from operating activities: | |||
| Net loss | $(116,554) | $(175,357) | $(145,215) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 22,270 | 18,503 | 14,757 |
| Stock-based compensation expense | 109,570 | 110,785 | 91,183 |
| (Accretion) amortization of marketable securities | (13,811) | (895) | 501 |
| Impairment of long-lived assets | 3,062 | 6,124 | — |
| Other | 1,496 | 1,088 | (448) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | (14,763) | (20,598) | 5,863 |
| Prepaid expenses and other assets | (17,003) | (18,290) | (5,697) |
| Operating lease right-of-use assets | 4,868 | 4,839 | 5,301 |
| Accounts payable and accrued expenses | 33,971 | 17,893 | 16,322 |
| Accrued compensation and other liabilities | 3,073 | 3,409 | 7,670 |
| Operating lease liabilities | (7,853) | (5,841) | (6,336) |
| Deferred revenue | 21,313 | 20,289 | 17,845 |
| Net cash provided by (used in) operating activities | 29,639 | (38,051) | 1,746 |
| Cash flows from investing activities: | |||
| Purchases of marketable securities | (121,756) | (593,770) | (241,758) |
| Proceeds from maturities of marketable securities | 530,000 | 375,000 | 204,981 |
| Purchases of property, equipment, and software | (1,147) | (1,578) | (1,554) |
| Capitalized internal-use software costs | (15,254) | (12,299) | (12,090) |
| Purchase of minority interest | (1,701) | — | — |
| Purchases of content assets | (5,344) | (1,377) | (1,188) |
| Net cash provided by (used in) investing activities | 384,798 | (234,024) | (51,609) |
| Cash flows from financing activities: | |||
| Proceeds from exercise of stock options | 27,315 | 17,586 | 31,766 |
| Proceeds from employee stock purchase plan | 6,031 | 6,829 | 6,397 |
| Proceeds from initial public offering, net of offering costs | — | — | 525,284 |
| Payments for repurchases of common stock | (58,453) | — | — |
| Payment of tax withholding on vesting of restricted stock units | (54,122) | (11,886) | (7,172) |
| Payment of deferred offering costs | — | (295) | (6,119) |
| Net cash (used in) provided by financing activities | (79,229) | 12,234 | 550,156 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 335,208 | (259,841) | 500,293 |
| Cash, cash equivalents, and restricted cash—Beginning of period | 322,878 | 582,719 | 82,426 |
| Cash, cash equivalents, and restricted cash—End of period | $658,086 | $322,878 | $582,719 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid for income taxes | $6,383 | $4,064 | $2,837 |
| Supplemental disclosure of noncash investing and financing activities: | |||
| Stock-based compensation capitalized as internal-use software costs | $7,055 | $5,407 | $4,890 |
| Unpaid deferred offering costs | $— | $— | $295 |
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