Coursera Inc
For the period ended Dec 31, 2024. Filed Feb 24, 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 24, 2025
COUR$3.76+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
Table of Contents
Consolidated Statements of Cash Flows
(In thousands)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net loss | $(79,530) | $(116,554) | $(175,357) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 25,082 | 22,270 | 18,503 |
| Stock-based compensation expense | 108,084 | 109,570 | 110,785 |
| Accretion of marketable securities | (235) | (13,811) | (895) |
| Impairment losses | 2,226 | 3,062 | 6,124 |
| Other | 788 | 1,496 | 1,088 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | 7,210 | (14,763) | (20,598) |
| Prepaid expenses and other assets | 2,472 | (17,003) | (18,290) |
| Operating lease right-of-use assets | 4,810 | 4,868 | 4,839 |
| Accounts payable and accrued expenses | (2,321) | 33,971 | 17,893 |
| Accrued compensation and other liabilities | 12,138 | 3,073 | 3,409 |
| Operating lease liabilities | (6,569) | (7,853) | (5,841) |
| Deferred revenue | 21,206 | 21,313 | 20,289 |
| Net cash provided by (used in) operating activities | 95,361 | 29,639 | (38,051) |
| Cash flows from investing activities: | |||
| Purchases of marketable securities | — | (121,756) | (593,770) |
| Proceeds from maturities of marketable securities | 66,000 | 530,000 | 375,000 |
| Purchases of property, equipment, and software | (1,585) | (1,147) | (1,578) |
| Capitalized internal-use software costs | (17,219) | (15,254) | (12,299) |
| Purchase of minority interest | — | (1,701) | — |
| Purchases of content assets | (17,295) | (5,344) | (1,377) |
| Net cash provided by (used in) investing activities | 29,901 | 384,798 | (234,024) |
| Cash flows from financing activities: | |||
| Proceeds from exercise of stock options | 9,377 | 27,315 | 17,586 |
| Proceeds from employee stock purchase plan | 5,644 | 6,031 | 6,829 |
| Payments for repurchases of common stock | (36,705) | (58,453) | — |
| Payments for tax withholding on vesting of restricted stock units | (33,260) | (54,122) | (11,886) |
| Payment of deferred offering costs | — | — | (295) |
| Net cash (used in) provided by financing activities | (54,944) | (79,229) | 12,234 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 70,318 | 335,208 | (259,841) |
| Cash, cash equivalents, and restricted cash—Beginning of period | 658,086 | 322,878 | 582,719 |
| Cash, cash equivalents, and restricted cash—End of period | $728,404 | $658,086 | $322,878 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid for income taxes, net of refunds | $5,311 | $6,383 | $4,064 |
| Supplemental disclosure of noncash investing and financing activities: | |||
| Stock-based compensation capitalized as internal-use software costs | $7,675 | $7,055 | $5,407 |
| Unpaid purchases of content assets | $2,232 | $1,311 | $— |
| Right-of-use asset obtained in exchange for operating lease liability | $3,038 | $— | $— |
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