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, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income (loss)	217,375)	(371,094)	(520,379)	(1,166,391)
Depreciation and amortization	33,354)	22,522)	14,897)	13,871)
Stock-based compensation	475,903)	564,798)	778,215)	1,270,702)
Deferred income taxes	(4,806)	(174)	43,316)	(20,385)
Noncash operating lease expense	47,019)	40,309)	33,821)	35,049)
Unrealized and realized (gain) loss from marketable securities, net	13,160)	272,108)	73,311)	—)
Noncash consideration	(46,609)	(15,537)	—)	—)
Gain from step acquisition	—)	(44,306)	—)	—)
Other operating activities	(29,449)	16,328)	2,722)	4,280)
Accounts receivable, net	(106,159)	(72,819)	(35,237)	(108,476)
Prepaid expenses and other current assets	(6,197)	(24,811)	(10,929)	(18,565)
Other assets	3,242)	6,033)	(3,345)	(8,605)
Accounts payable	(31,832)	(29,859)	57,767)	(34,681)
Accrued liabilities	52,895)	5,527)	15,245)	38,505)
Deferred revenue, current and noncurrent	79,512)	(61,154)	24,732)	(30,905)
Customer deposits, current and noncurrent	64,347)	(49,471)	(104,944)	(230,873)
Operating lease liabilities, current and noncurrent	(49,630)	(34,590)	(32,156)	(43,639)
Other noncurrent liabilities	58)	(73)	(3,185)	3,505)
Changes in operating assets and liabilities, net of effect of acquisitions	6,236)	(261,217)	(92,052)	(433,734)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities	494,808)	594,831)	854,230)	869,783)
Net cash provided by (used in) operating activities	712,183)	223,737)	333,851)	(296,608)
Purchases of property and equipment	(15,114)	(40,027)	(12,627)	(12,236)
Purchases of marketable securities	(5,636,406)	(124,500)	(308,315)	—)
Proceeds from sales and redemption of marketable securities	2,889,268)	52,319)	851)	—)
Business combinations, net of cash acquired	—)	66,708)	—)	—)
Purchases of alternative investments	—)	—)	(50,941)	—)
Proceeds from sales of alternative investments	51,072)	—)	—)	—)
Purchases of privately-held securities	—)	—)	(23,009)	—)
Other investing activities	—)	73)	(3,871)	(2,684)
Net cash used in investing activities	(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	218,238)	86,089)	507,455)	298,829)
Other financing activities	601)	(93)	(708)	(4,274)
Net cash provided by financing activities	218,839)	85,996)	306,747)	1,036,453)
Effect of foreign exchange on cash, cash equivalents, and restricted cash	2,930)	(3,885)	(3,918)	1,259)
Net increase (decrease) in cash, cash equivalents, and restricted cash	(1,777,228)	260,421)	238,768)	726,184)
Cash, cash equivalents, and restricted cash, beginning of period	2,627,335)	2,366,914)	2,128,146)	1,401,962)
Cash, cash equivalents, and restricted cash, end of period	850,107)	2,627,335)	2,366,914)	2,128,146)

Based on: 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 decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
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 increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
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 decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.

Palantir Technologies Inc. (NYSE:PLTR)

Cash Flow Statement