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Income Statement
Balance Sheet
Cash Flow Statement

Common Size IS
Op Efficiency
Credit Analysis

NERDWALLET, INC.

Cash Flow Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19
   10-K10-K10-K10-K
Operating Activities:      
    Net loss  -10.2-42.55.324.2
    Adjustments to reconcile net loss to net cash from (used in) operating activities:      
        Depreciation and amortization  37.027.115.19.4
        Stock-based compensation  34.417.96.45.0
        Change in fair value of contingent consideration related to earnouts  6.718.1-0.8 
        Deferred taxes  -12.64.4-4.61.4
        Non-cash lease costs  2.67.96.86.3
        Other, net  1.3-2.1-0.1 
        Changes in operating assets and liabilities:      
            Accounts receivable  -18.7-20.21.0-12.9
            Prepaid expenses and other assets  -0.7-9.6-4.8-0.7
            Accounts payable  -5.6-2.23.6-0.3
            Accrued expenses and other current liabilities  5.816.6-5.35.1
            Operating lease liabilities  -2.4-7.3-7.1-6.2
            Other liabilities  -1.1-0.9-0.1-1.3
                Net cash provided by (used in) operating activities  25.07.215.431.4
   
Investing Activities:      
    Capitalized software development costs  -27.6-20.7-17.4-14.1
    Purchase of property and equipment  -4.6-2.3-1.3-0.7
        Net cash used in investing activities  -100.3-23.0-55.4-14.8
   
Financing Activities:      
    Proceeds from line of credit  70.0 5.0 
    Payments on line of credit  -70.0 -10.0 
    Proceeds from exercise of stock options  7.711.08.41.7
    Issuance of Class A common stock under Employee Stock Purchase Plan  4.5   
    Tax payments related to net-share settlements on restricted stock units  -0.6-1.9-0.4 
        Net cash used in financing activities  -8.4100.255.7-1.4
   
Cash and Cash Equivalents:      
    Supplemental Disclosures of Non-Cash Investing and Financing Activities:      
        Capitalized software development costs recorded in accounts payable and accrued expenses and other current liabilities  0.90.50.1 
        Purchase of property and equipment recorded in accounts payable and accrued expenses and other current liabilities  0.10.8  
        Supplemental Disclosures of Cash Flow Information:      
            Income tax payments  4.00.31.21.5
            Cash paid for interest  1.92.51.41.5
        Supplemental Cash Flow Disclosure Related to Operating Leases:      
            Cash paid for amounts included in the measurement of lease liabilities  3.18.27.97.2

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