Coursera Inc
For the period ended Mar 31, 2024. Filed May 2, 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 May 2, 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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Condensed Consolidated Statements of Cash Flows (Unaudited)
Condensed Consolidated Statements of Cash Flows
(In thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(21,256) | $(32,364) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 6,356 | 5,511 |
| Stock-based compensation expense | 27,857 | 24,742 |
| Accretion of marketable securities | (235) | (5,016) |
| Impairment of long-lived assets | — | 535 |
| Other | 635 | 96 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | 8,456 | (14,585) |
| Prepaid expenses and other assets | (1,586) | (5,396) |
| Operating lease right-of-use assets | 1,533 | 1,197 |
| Accounts payable and accrued expenses | (594) | 19,440 |
| Accrued compensation and other liabilities | (4,954) | (2,476) |
| Operating lease liabilities | (2,231) | (2,376) |
| Deferred revenue | 10,469 | 15,384 |
| Net cash provided by operating activities | 24,450 | 4,692 |
| Cash flows from investing activities: | ||
| Purchases of marketable securities | — | (121,756) |
| Proceeds from maturities of marketable securities | 66,000 | 75,000 |
| Purchases of property, equipment, and software | (134) | (298) |
| Capitalized internal-use software costs | (4,070) | (2,862) |
| Purchases of content assets | (2,153) | (624) |
| Net cash provided by (used in) investing activities | 59,643 | (50,540) |
| Cash flows from financing activities: | ||
| Proceeds from exercise of stock options | 4,097 | 5,354 |
| Payments for repurchases of common stock | (5,634) | — |
| Payments for tax withholding on vesting of restricted stock units | (13,514) | (13,036) |
| Net cash used in financing activities | (15,051) | (7,682) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 69,042 | (53,530) |
| Cash, cash equivalents, and restricted cash—Beginning of period | 658,086 | 322,878 |
| Cash, cash equivalents, and restricted cash—End of period | $727,128 | $269,348 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for income taxes, net of refunds | $1,088 | $1,108 |
| Supplemental disclosure of noncash investing and financing activities: | ||
| Stock-based compensation capitalized as internal-use software costs | $1,834 | $1,311 |
| Unpaid purchases of content assets | $1,077 | $478 |
| Unsettled repurchases of common stock | $405 | $— |
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