Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Palantir Technologies Inc., consolidated cash flow statement

US$ in thousands

12 months ended:	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income (loss)	467,918)	217,375)	(371,094)	(520,379)	(1,166,391)
Depreciation and amortization	31,587)	33,354)	22,522)	14,897)	13,871)
Stock-based compensation	691,638)	475,903)	564,798)	778,215)	1,270,702)
Noncash operating lease expense	41,239)	47,019)	40,309)	33,821)	35,049)
Unrealized and realized loss from marketable securities, net	19,306)	13,160)	272,108)	73,311)	—)
Noncash consideration	(52,521)	(46,609)	(15,537)	—)	—)
Other operating activities	24,795)	(34,255)	(28,152)	46,038)	(16,105)
Accounts receivable, net	(211,157)	(106,159)	(72,819)	(35,237)	(108,476)
Prepaid expenses and other current assets	7,202)	(6,197)	(24,811)	(10,929)	(18,565)
Other assets	4,681)	3,242)	6,033)	(3,345)	(8,605)
Accounts payable	(18,841)	(31,832)	(29,859)	57,767)	(34,681)
Accrued liabilities	115,634)	52,895)	5,527)	15,245)	38,505)
Deferred revenue, current and noncurrent	22,356)	79,512)	(61,154)	24,732)	(30,905)
Customer deposits, current and noncurrent	54,440)	64,347)	(49,471)	(104,944)	(230,873)
Operating lease liabilities, current and noncurrent	(48,966)	(49,630)	(34,590)	(32,156)	(43,639)
Other noncurrent liabilities	4,554)	58)	(73)	(3,185)	3,505)
Changes in operating assets and liabilities, net of effect of acquisitions	(70,097)	6,236)	(261,217)	(92,052)	(433,734)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities	685,947)	494,808)	594,831)	854,230)	869,783)
Net cash provided by (used in) operating activities	1,153,865)	712,183)	223,737)	333,851)	(296,608)
Purchases of property and equipment	(12,634)	(15,114)	(40,027)	(12,627)	(12,236)
Purchases of marketable securities	(5,395,913)	(5,636,406)	(124,500)	(308,315)	—)
Proceeds from sales and redemption of marketable securities	5,073,507)	2,889,268)	52,319)	851)	—)
Purchases of privately-held securities	—)	—)	—)	(23,009)	—)
Other investing activities	(5,615)	51,072)	66,781)	(54,812)	(2,684)
Net cash used in investing activities	(340,655)	(2,711,180)	(45,427)	(397,912)	(14,920)
Proceeds from the issuance of common stock, net of issuance costs	—)	—)	—)	—)	942,529)
Proceeds from issuance of debt, net of borrowing costs	—)	—)	—)	—)	199,369)
Principal payments on borrowings	—)	—)	—)	(200,000)	(400,000)
Proceeds from the exercise of common stock options	745,396)	218,238)	86,089)	507,455)	298,829)
Repurchases of common stock	(64,196)	—)	—)	—)	—)
Taxes paid related to net share settlement of equity awards	(218,280)	—)	—)	—)	—)
Other financing activities	444)	601)	(93)	(708)	(4,274)
Net cash provided by financing activities	463,364)	218,839)	85,996)	306,747)	1,036,453)
Effect of foreign exchange on cash, cash equivalents, and restricted cash	(6,745)	2,930)	(3,885)	(3,918)	1,259)
Net increase (decrease) in cash, cash equivalents, and restricted cash	1,269,829)	(1,777,228)	260,421)	238,768)	726,184)
Cash, cash equivalents, and restricted cash, beginning of period	850,107)	2,627,335)	2,366,914)	2,128,146)	1,401,962)
Cash, cash equivalents, and restricted cash, end of period	2,119,936)	850,107)	2,627,335)	2,366,914)	2,128,146)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

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Cash flow statement item	Description	The company
Net cash provided by (used in) operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Palantir Technologies Inc. net cash provided by (used in) operating activities increased from 2022 to 2023 and from 2023 to 2024.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Palantir Technologies Inc. net cash used in investing activities decreased from 2022 to 2023 but then increased from 2023 to 2024 not reaching 2022 level.
Net cash provided by financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Palantir Technologies Inc. net cash provided by financing activities increased from 2022 to 2023 and from 2023 to 2024.

Palantir Technologies Inc. (NASDAQ:PLTR)

Cash Flow Statement